AVICHM(SH:600765)2021-04-29 16:00Financial Performance - Operating revenue for the first quarter reached CNY 1,785,384,594.04, representing a 34.33% increase year-on-year[4] - Net profit attributable to shareholders was CNY 75,623,338.89, an increase of 88.76% compared to the same period last year[4] - Basic earnings per share doubled to CNY 0.08, up from CNY 0.04 in the same quarter last year[4] - Total profit for Q1 2021 was ¥12,967.25 million, reflecting a 65.42% increase from ¥7,839.10 million in the same period last year, attributed to revenue growth[12] - Net profit for Q1 2021 reached CNY 103,639,563.08, representing a 72.1% increase from CNY 60,252,085.48 in Q1 2020[24] - The company reported a significant increase in management expenses, which rose to CNY 138,873,158.71 in Q1 2021 from CNY 109,302,266.67 in Q1 2020[24] Cash Flow - Net cash flow from operating activities improved significantly to CNY 160,207,020.72, compared to a negative cash flow of CNY -81,757,346.93 in the previous year[4] - Cash received from sales and services was ¥134,055.63 million, a 47.78% increase from ¥90,713.96 million in Q1 2020, indicating improved cash collection[13] - The cash inflow from operating activities totaled CNY 1,387,360,277.19 in Q1 2021, compared to CNY 972,261,303.30 in Q1 2020, marking an increase of about 42.6%[30] - The total cash flow for the period was -66,094,782.59 RMB, an improvement from -251,433,353.61 RMB in the previous year, indicating a positive change of approximately 73.8%[31] Assets and Liabilities - Total assets increased by 3.01% to CNY 16,137,625,188.26 compared to the end of the previous year[4] - Total liabilities reached ¥8,924,984,954.81, up from ¥8,494,971,295.65, which is an increase of around 5%[18] - Current liabilities totaled ¥6,480,144,335.40, compared to ¥6,053,755,522.91, marking an increase of approximately 7%[18] - The company’s cash and cash equivalents stood at ¥3,001,091,849.15 as of March 31, 2021, slightly down from ¥3,052,435,760.65 at the end of 2020[16] - The company’s long-term borrowings slightly decreased to ¥2,077,491,674.98 from ¥2,099,573,566.64, showing a reduction of about 1%[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 75,741[7] - The top shareholder, Guizhou Jinjian Aviation Hydraulic Co., Ltd., holds 24.41% of the shares[7] Goodwill and Acquisitions - The company recognized goodwill of CNY 40,516,349.03 related to the acquisition of Zhonghang Special Materials[5] - The company recognized goodwill of ¥4,137.86 million due to the re-inclusion of a subsidiary, resulting in an increase in consolidated goodwill[10] Operating Costs - Operating costs increased by 39.71% to ¥134,950.25 million from ¥96,595.28 million, primarily due to rising raw material prices and significant revenue growth[11] - Total operating costs for Q1 2021 were CNY 1,596,097,422.85, up 36.3% from CNY 1,171,576,288.82 in Q1 2020[23] Other Income and Expenses - Other income increased significantly by 178.86% to ¥469.59 million, primarily due to increased government subsidies received[12] - The company’s tax expenses rose by 43.52% to ¥2,603.29 million, driven by increased taxable income[12] - The company reported a financial expense of CNY 1,973,344.03 in Q1 2021, down from CNY 3,074,277.54 in Q1 2020, reflecting a decrease of approximately 35.8%[26] Inventory and Receivables - Accounts receivable rose to ¥3,074,220,743.01 from ¥2,338,901,333.85, reflecting a significant increase of approximately 31.5%[17] - Inventory increased to ¥3,151,777,819.60, up from ¥3,061,595,095.52, showing a growth of about 2.9%[17]