LJRB(SH:600853)2021-04-29 16:00Financial Performance - Operating revenue increased by 162.43% to CNY 1,318,758,006.77 compared to the same period last year[5] - Net profit attributable to shareholders of the listed company improved to CNY -978,375.56 from CNY -4,670,924.59 year-on-year[5] - The basic and diluted earnings per share improved to CNY 0.0025 from CNY -0.0044 year-on-year[5] - The company reported a net profit of CNY 35,470,849.86 for Q1 2021, up from CNY 1,583,949.04 in the same period last year, reflecting a year-over-year increase of over 2,100%[39] - The company’s net profit attributable to shareholders for Q1 2021 was CNY 2,559,142.75, compared to a net loss of CNY 4,389,023.51 in Q1 2020, marking a significant turnaround[35] - The total operating revenue for Q1 2021 was CNY 1,318,758,006.77, a significant increase from CNY 502,516,067.80 in Q1 2020, representing a growth of approximately 162.5%[33] - The company reported a total of CNY 4,973,462,161.88 in other non-current assets[45] Cash Flow and Liquidity - Cash flow from operating activities showed a significant decline, with a net cash outflow of CNY -1,651,146,023.50 compared to CNY -260,989,632.37 in the previous year[5] - The net cash flow from operating activities for Q1 2021 was -1,091,622,879.92 RMB, compared to -68,442,961.08 RMB in Q1 2020, indicating a significant decline[42] - Cash inflow from operating activities in Q1 2021 was CNY 1,884,344,907.46, compared to CNY 1,500,451,395.06 in Q1 2020, showing an increase of approximately 25.6%[40] - The cash inflow from operating activities was primarily driven by sales of goods and services, which totaled 1,108,735,217.02 RMB in Q1 2021, up from 999,557,431.12 RMB in Q1 2020[42] - The company’s total cash and cash equivalents decreased by 369,113,229.36 RMB in Q1 2021, compared to a decrease of 323,550,179.68 RMB in Q1 2020[43] Assets and Liabilities - Total assets decreased by 2.42% to CNY 22,878,426,179.47 compared to the end of the previous year[5] - The company’s inventory at the end of the period was CNY 1,938.10 million, up 31.72% from the previous year, reflecting increased material reserves for projects[14] - The company’s total liabilities amounted to CNY 20,130,629,319.80, indicating a significant leverage position[46] - Current liabilities reached CNY 16,041,661,906.67, including short-term borrowings of CNY 2,472,314,721.24 and accounts payable of CNY 6,427,033,481.89[46] - The company’s long-term borrowings increased to ¥3.48 billion from ¥3.40 billion, reflecting a rise of about 2.4%[28] Shareholder Information - The number of shareholders reached 52,688 at the end of the reporting period[8] - The largest shareholder, Heilongjiang Construction Investment Group Co., Ltd., holds 44.45% of the shares[8] - The total equity attributable to shareholders increased to CNY 1,976,319,416.51 from CNY 1,938,796,403.48, showing a growth of about 1.9%[32] Research and Development - Research and development expenses rose to CNY 3.23 million, marking an 87.67% increase, indicating a commitment to innovation[17] - Research and development expenses for Q1 2021 were CNY 1,939,696.11, compared to CNY 375,707.57 in Q1 2020, indicating a focus on innovation and product development[38] Other Financial Metrics - The weighted average return on equity increased by 0.2402 percentage points to 0.1059%[5] - Non-recurring gains and losses totaled CNY 3,537,518.31 for the reporting period[8] - The company achieved a significant increase in other income, which rose by 6864.94% to CNY 2.89 million, mainly from government subsidies[17] - The company recorded a 100% increase in right-of-use assets, totaling CNY 71.08 million, due to the implementation of new leasing standards[14] - The company incurred operating costs of CNY 719,652,184.19 in Q1 2021, up from CNY 234,474,571.27 in Q1 2020, reflecting increased operational scale[37]