SCC(SH:600740)2021-04-26 16:00Financial Performance - Net profit attributable to shareholders increased by 350.19% to CNY 451,478,378.02 from CNY 100,285,927.20 in the same period last year[17] - Operating revenue rose by 76.83% to CNY 2,343,508,018.15, up from CNY 1,325,256,768.89 year-on-year[17] - Basic earnings per share increased by 246.60% to CNY 0.2291 from CNY 0.0661 in the same period last year[17] - The company's net profit for the reporting period increased by 351.3 million CNY, a growth of 349.16% compared to the same period last year[37] - The total operating revenue for Q1 2021 was CNY 2,340,979,994.86, a significant increase from CNY 1,324,282,356.67 in Q1 2020, representing an increase of approximately 76.8%[58] - The total profit for the quarter was CNY 452,115,993.93, significantly higher than CNY 100,636,958.01 in Q1 2020, indicating an increase of around 348.5%[56] Cash Flow - Net cash flow from operating activities surged by 245.69% to CNY 147,709,637.36 compared to CNY 42,728,811.04 in the previous year[17] - Cash inflows from operating activities amounted to CNY 2.54 billion in Q1 2021, up from CNY 1.29 billion in Q1 2020, reflecting a growth of approximately 96.8%[66] - The net cash flow from operating activities for Q1 2021 was CNY 147.71 million, compared to CNY 42.73 million in Q1 2020, representing an increase of about 245.5%[66] - Cash inflows from investment activities were CNY 220.50 million in Q1 2021, while cash outflows were CNY 59.20 million, resulting in a net cash flow from investment activities of CNY 161.30 million[66] - The net cash flow from financing activities in Q1 2021 was -CNY 515.53 million, compared to -CNY 156.10 million in Q1 2020, indicating a worsening cash flow situation[66] Assets and Liabilities - Total assets decreased by 4.39% to CNY 20,466,717,648.89 compared to the end of the previous year[17] - The company’s net assets attributable to shareholders increased by 4.04% to CNY 11,612,275,267.55 compared to the end of the previous year[17] - The company’s total liabilities decreased by 47.22% for current non-current liabilities due within one year, totaling CNY 480,552,944.91, down from CNY 910,507,532.12[29] - The total liabilities amounted to ¥8,106,660,675.22, a decrease from ¥9,502,918,352.71 in the previous period[52] - The company's current assets totaled approximately 3.99 billion CNY, a decrease from 5.18 billion CNY at the end of 2020[41] Shareholder Information - The total number of shareholders reached 83,414 by the end of the reporting period[23] - The largest shareholder, Shanxi Coking Coal Group Co., Ltd., holds 51.14% of the shares[23] Research and Development - Research and development expenses rose by 41.39% to CNY 382,726.25 in Q1 2021, compared to CNY 270,691.57 in Q1 2020[29] - Research and development expenses amounted to CNY 382,726.25, up from CNY 270,691.57 in the previous year, reflecting a growth of approximately 41.3%[56] Other Financial Metrics - The weighted average return on net assets (excluding non-recurring gains and losses) increased by 2.92 percentage points to 3.89%[17] - The company reported non-recurring gains of CNY 2,902,855.35 during the quarter[22] - The company reported a 90.01% decrease in other receivables, totaling CNY 25,018,390.87, down from CNY 250,395,400.31 in the previous year[29] - The company reported cash and cash equivalents of approximately 3.31 billion CNY as of March 31, 2021, down from 4.26 billion CNY at the end of 2020[41] - The company's financial expenses totaled CNY 59,612,788.70, compared to CNY 52,435,816.03 in Q1 2020, which is an increase of about 13.8%[56]