xinsteel(SH:600782)2021-04-27 16:00Financial Performance - Operating revenue surged by 70.82% to CNY 2,530,475.85 million year-on-year[11] - Net profit attributable to shareholders rose by 88.83% to CNY 97,077.56 million compared to the same period last year[11] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 122.97% to CNY 87,862.52 million[11] - Basic earnings per share increased by 87.50% to CNY 0.30 per share[11] - Total profit amounted to CNY 115,126.73 million, reflecting an 88.13% increase from CNY 61,194.94 million, attributed to effective quality improvement measures and favorable market conditions[20] - Total operating revenue for Q1 2021 reached ¥25.30 billion, a 70.8% increase from ¥14.81 billion in Q1 2020[40] - Net profit for Q1 2021 was ¥997.61 million, compared to ¥518.46 million in Q1 2020, representing a 92.5% increase[42] - The company reported a profit margin of 3.94% in Q1 2021, compared to 3.49% in Q1 2020[42] - Comprehensive income for Q1 2021 was ¥999.19 million, compared to ¥521.74 million in Q1 2020, reflecting a growth of 91.5%[42] Assets and Liabilities - Total assets increased by 2.98% to CNY 5,377,365.41 million compared to the end of the previous year[11] - Total assets increased to CNY 53,773,654,136.56 from CNY 52,217,493,400.72, reflecting growth in both current and non-current assets[28] - Total liabilities increased from ¥28,071,552,271.34 to ¥28,628,518,211.98, representing a growth of about 1.98%[30] - Total equity attributable to shareholders rose from ¥23,498,365,150.88 to ¥24,470,729,169.67, an increase of approximately 4.14%[30] - Total equity increased from ¥24,145,941,129.38 to ¥25,145,135,924.58, representing a growth of about 4.15%[30] Cash Flow - Cash flow from operating activities decreased by 2.30% to CNY 182,866.05 million compared to the previous year[11] - The net cash flow from operating activities for Q1 2021 was ¥1,828,660,475.34, compared to ¥1,871,798,104.84 in Q1 2020, showing a slight decrease[47] - Total cash inflow from operating activities was ¥20,551,079,912.51, up from ¥13,241,547,481.28 in the previous year, indicating a significant increase of approximately 55.5%[47] - Cash and cash equivalents decreased to CNY 3,564,691,946.15 from CNY 4,524,632,931.63, indicating a reduction in liquidity[25] - Cash and cash equivalents at the end of Q1 2021 were ¥3,191,169,988.18, down from ¥5,156,114,037.05 at the end of Q1 2020, representing a decrease of approximately 38.1%[50] Operational Efficiency - The company plans to continue enhancing its operational efficiency and exploring market expansion opportunities to sustain growth in the upcoming periods[20] - The company reported a significant increase in operating income, with operating costs rising to CNY 2,392,910.32 million, up 70.89% from CNY 1,400,242.03 million, primarily due to higher procurement costs[20] - Cash paid for purchasing goods and services rose by 83.32% to CNY 1,617,997.96 million, compared to CNY 882,598.92 million, also due to increased business scale[20] Research and Development - Research and development expenses increased by 38.19% to CNY 11,443.72 million, up from CNY 8,281.24 million, due to a rise in the number of R&D projects and increased investment[20] - Research and development expenses in Q1 2021 totaled ¥114.44 million, an increase of 38.3% from ¥82.81 million in Q1 2020[40] Shareholder Information - The number of shareholders reached 45,576 at the end of the reporting period[14] - The largest shareholder, Xinyu Steel Group Co., Ltd., holds 38.17% of the shares[14]