SCC(SH:600740)2022-07-13 16:00Financial Performance - Net profit attributable to shareholders was CNY 645,883,047.49, representing a significant increase of 176.69% year-on-year [17]. - Operating revenue reached CNY 2,343,508,018.15, marking a growth of 76.83% compared to the same period last year [17]. - Basic earnings per share were CNY 0.3277, reflecting a year-on-year increase of 176.77% [17]. - The company's net profit increased by 412.54 million CNY, a growth of 176.48% compared to the same period last year [37]. - The total profit for Q1 2021 was CNY 646.52 million, a substantial increase from CNY 233.78 million in the previous year [60]. - Net profit for Q1 2021 reached CNY 646.30 million, compared to CNY 233.75 million in Q1 2020, representing a 176% increase [56]. Cash Flow - Net cash flow from operating activities was CNY 147,709,637.36, an increase of 245.69% year-on-year [17]. - Cash inflows from operating activities amounted to CNY 2.54 billion, up from CNY 1.29 billion year-on-year, indicating a growth of 96.8% [62]. - The net cash flow from operating activities was CNY 147.71 million, significantly higher than CNY 42.73 million in the first quarter of 2020, marking an increase of 245.5% [62]. - The company reported a significant increase in cash inflows from sales of goods and services, reaching CNY 2.49 billion, compared to CNY 1.25 billion in the previous year, an increase of 99.7% [68]. - The total cash outflows for operating activities were CNY 2.39 billion, compared to CNY 1.25 billion in the same period last year, indicating an increase of 91.9% [68]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 20,661,122,318.36, a decrease of 3.48% compared to the end of the previous year [17]. - The total assets decreased by 66.67% in accounts receivable, from CNY 5,966,400.00 to CNY 1,988,800.00, due to the collection of commercial acceptance bills [26]. - The total liabilities decreased by 47.22% in current non-current liabilities, from CNY 910,507,532.12 to CNY 480,552,944.91, indicating improved financial stability [30]. - Total liabilities amounted to ¥8,106,660,675.22, down from ¥9,502,918,352.71, indicating a reduction of approximately 14.7% [50]. - Current assets decreased to ¥3,962,218,698.67 from ¥5,142,393,695.82, representing a decline of approximately 23.0% [48]. Shareholder Information - The total number of shareholders at the end of the reporting period was 83,414 [23]. - The largest shareholder, Shanxi Coking Coal Group Co., Ltd., held 1,007,936,595 shares, accounting for 51.14% of the total shares [23]. - The company announced a share reduction plan, with a total of 36,600,000 shares reduced, accounting for 1.86% of the total shares [33]. Research and Development - Research and development expenses rose by 41.39% to CNY 382,726.25 in Q1 2021, indicating increased investment in innovation [30]. - Research and development expenses for Q1 2021 were CNY 382,726.25, compared to CNY 270,691.57 in Q1 2020, indicating a focus on innovation [60]. Financial Stability - The weighted average return on net assets increased to 5.62%, up by 3.36 percentage points from the previous year [17]. - The total equity attributable to shareholders reached ¥12,177,708,117.75, up from ¥11,532,958,552.79, marking an increase of approximately 5.6% [50]. - The company's short-term borrowings decreased to 1.91 billion CNY as of March 31, 2021, from 2.01 billion CNY at the end of 2020 [42]. - The company's long-term borrowings increased to ¥460,000,000.00 from ¥210,000,000.00, reflecting a growth of about 119.0% [50].