SMIC(SH:600810)2021-04-23 16:00Financial Performance - Net profit attributable to shareholders surged by 551.83% to CNY 345,557,422.23 from CNY 53,013,582.66 in the same period last year[17] - Operating revenue rose by 19.19% to CNY 2,996,950,220.35, up from CNY 2,514,384,760.44 year-on-year[17] - Basic earnings per share increased by 344.44% to CNY 0.40 from CNY 0.09 in the previous year[19] - Operating profit for Q1 2021 was ¥400,606,635.43, significantly up from ¥78,011,816.33 in Q1 2020[58] - The company's total revenue for Q1 2021 was approximately ¥3.78 billion, an increase of 20.3% compared to ¥3.15 billion in Q1 2020[64] - The net profit for Q1 2021 was approximately ¥369.83 million, a significant increase from ¥59.48 million in Q1 2020, representing a growth of 522.5%[60] - The company reported a total comprehensive income of approximately ¥369.83 million for Q1 2021, compared to ¥59.48 million in Q1 2020, an increase of 522.5%[60] Assets and Liabilities - Total assets increased by 11.32% to CNY 22,351,191,593.57 compared to the end of the previous year[17] - Current assets totaled ¥12,734,485,139.88, an increase of 15.87% from ¥10,995,029,475.04 in the previous year[43] - Total liabilities increased to ¥15,712,563,981.36, a rise of 8.16% from ¥14,525,127,073.40[48] - Shareholders' equity totaled ¥6,638,627,612.21, reflecting a growth of 19.53% from ¥5,553,857,618.88[48] - Non-current assets amounted to ¥9,616,706,453.69, representing a growth of 5.86% from ¥9,083,955,217.24[46] Cash Flow - Net cash flow from operating activities improved significantly to CNY 268,377,203.46, compared to a negative cash flow of CNY -177,169,658.77 in the previous year[17] - The net cash flow from financing activities increased significantly to RMB 1,261,447,751.98 compared to a negative cash flow of RMB -482,510,425.90 in the same period last year[27] - The company's cash inflow from operating activities in Q1 2021 was approximately ¥2.65 billion, compared to ¥4.54 billion in Q1 2020, indicating a decrease of 41.8%[66] - The total cash outflow from operating activities was 2,037,488,708.27 RMB, down from 2,954,640,243.71 RMB in the previous year[70] - The cash flow from financing activities generated a net inflow of 1,261,447,751.98 RMB, a recovery from -482,510,425.90 RMB in the previous year[69] Shareholder Information - The number of shareholders at the end of the reporting period was 25,407[22] - The largest shareholder, China Pingmei Shenma Energy & Chemical Group, holds 59.35% of the shares[22] Research and Development - Research and development expenses rose by 77.33% to RMB 78,394,111.29, reflecting increased investment in R&D efforts[27] - Research and development expenses increased to ¥78,394,111.29 in Q1 2021, up from ¥44,207,863.20 in Q1 2020, reflecting a growth of 77.3%[58] Other Financial Metrics - The company reported a non-recurring gain of CNY 20,341,615.05 during the quarter[20] - The company reported a significant increase in tax and additional fees by 67.67% to RMB 23,254,446.57, primarily due to higher urban maintenance and education fees[27] - The company confirmed that there are no overdue commitments that remain unfulfilled during the reporting period[37]