SUMEC(SH:600710)2021-04-27 16:00Financial Performance - Operating revenue surged by 104.97% to CNY 32,998,262,669.98 year-on-year[11] - Net profit attributable to shareholders rose by 179.79% to CNY 203,571,514.77 compared to the same period last year[11] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which rose by 202.12%[11] - The net profit for the current period was RMB 524,869,112.16, reflecting a 232.87% increase from RMB 157,679,845.77 in the same period last year[24] - Total operating revenue for Q1 2021 reached ¥32,998,262,669.98, a significant increase from ¥16,098,761,261.69 in Q1 2020, representing a growth of 104.5%[44] - Operating profit for Q1 2021 was ¥690,562,298.02, up from ¥219,075,716.19 in Q1 2020, indicating a growth of 214.5%[44] - Net profit for Q1 2021 amounted to ¥656,110,085.03, compared to ¥220,727,600.56 in Q1 2020, marking an increase of 197.5%[44] - Total comprehensive income for the current period was ¥486,168,573.47, up from ¥91,675,080.58 in the previous period, indicating a growth of approximately 429%[46] Assets and Liabilities - Total assets increased by 16.32% to CNY 52,061,496,698.74 compared to the end of the previous year[11] - Current assets totaled approximately ¥39.34 billion, an increase of 19.06% from ¥32.99 billion in the previous year[29] - Total liabilities reached ¥40.93 billion, an increase of 21.14% from ¥33.78 billion[34] - Total assets amounted to approximately $45.74 billion, up from $44.76 billion, reflecting a growth of about 2.2%[64] - Total liabilities reached approximately $34.96 billion, an increase from $33.78 billion, representing a growth of about 3.5%[64] Shareholder Information - The total number of shareholders reached 45,933 by the end of the reporting period[17] - The largest shareholder, China National Machinery Industry Corporation, holds 445,626,399 shares[17] - The company's equity attributable to shareholders increased to ¥5.32 billion, up from ¥5.22 billion, reflecting a growth of 2.14%[34] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -5,046,617,957.06, worsening from CNY -3,856,669,078.54 in the previous year[11] - The total cash inflow from operating activities was ¥41,759,630,028.28, compared to ¥23,189,868,748.50 in the previous year, showing an increase of about 80%[52] - Cash inflow from financing activities totaled 11,925,264,162.45 CNY, an increase from 9,678,724,459.21 CNY, suggesting improved financing efforts[55] - The net cash flow from financing activities was 5,873,824,970.28 CNY, up from 3,089,897,282.81 CNY, indicating stronger financial support[55] Expenses - Research and development expenses increased by 87.30% to RMB 84,714,597.66, up from RMB 45,230,289.56 in the previous period[24] - The company experienced a 344.88% increase in operating expenses, totaling RMB 36,728,825.67, compared to RMB 8,255,815.15 in the previous period[24] - The company reported a significant increase in sales expenses, which reached ¥344,179,395.80 in Q1 2021, compared to ¥297,396,692.01 in Q1 2020, reflecting a rise of 15.7%[44] Other Financial Metrics - Basic earnings per share increased by 166.67% to CNY 0.16 per share[11] - Weighted average return on equity improved by 2.48 percentage points to 3.90%[11] - The company reported a significant increase in investment income, which rose by 30.44% to RMB 12,323,749.65 from RMB 9,447,646.21 in the previous period[24] - The company paid 472,309,509.78 CNY in taxes, significantly higher than 213,252,113.15 CNY in the previous period, indicating increased tax obligations[55]