2021-04-27 16:00Financial Performance - Operating revenue for the period was CNY 14,599,813, representing a year-on-year increase of 13.5%[4] - Net profit attributable to shareholders was CNY 165,646, a significant recovery from a loss of CNY 182,308 in the same period last year[4] - The diluted earnings per share for the period was CNY 0.01, recovering from a loss of CNY 0.01 in the same period last year[4] - Net profit for Q1 2021 was 165,646 thousand RMB, compared to a net loss of 182,308 thousand RMB in Q1 2020[19] - Earnings per share for Q1 2021 was 0.01 RMB, recovering from a loss of 0.01 RMB per share in Q1 2020[19] - The company reported an operating profit of 178,879 thousand RMB in Q1 2021, compared to an operating loss of 150,372 thousand RMB in Q1 2020[19] Cash Flow - The net cash flow from operating activities improved to -CNY 385,477, compared to -CNY 1,184,219 in the previous year[4] - The net cash flow from operating activities improved significantly, with a net outflow of RMB -385,477 thousand compared to RMB -1,184,219 thousand in the previous year, driven by increased sales receipts[10] - Cash inflow from sales and services reached RMB 10,455,420 thousand, up from RMB 9,332,441 thousand in the same quarter last year, representing a growth of 12.0%[22] - The company reported a total cash outflow from operating activities of RMB 13,979,563 thousand, slightly higher than RMB 13,453,844 thousand in the previous year, an increase of 3.9%[22] - The net cash flow from financing activities was RMB 493,225 thousand, down from RMB 1,654,034 thousand in the same quarter last year, reflecting a decline of 70.2%[23] - The ending balance of cash and cash equivalents was RMB 1,607,539 thousand, down from RMB 1,970,867 thousand year-over-year, a decrease of 18.4%[23] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 61,610,851, an increase of 0.9% compared to the end of the previous year[4] - The total liabilities as of March 31, 2021, were RMB 54,609,003 thousand, compared to RMB 54,368,329 thousand at the end of 2020[14] - Long-term payables increased by 98.0% to RMB 53,099 thousand from RMB 26,812 thousand, primarily due to the return of security funds[9] - Contract liabilities decreased by 30.0% to RMB 2,117,574 thousand from RMB 3,024,461 thousand, attributed to the progress of engineering construction and fulfillment of performance obligations[9] - The total equity of the company was 32,236,429 thousand RMB, reflecting a stable financial position[17] Shareholder Information - The number of shareholders at the end of the reporting period was 116,983, with the largest shareholder, Sinopec Group, holding 56.51% of the shares[6] Government Support and Other Income - The company received government subsidies amounting to CNY 15,086, which are closely related to its normal business operations[5] - Other income increased by 241.0% to RMB 13,478 thousand from RMB 3,952 thousand, mainly due to an increase in non-repayable payables and compensation income[10] Research and Development - Research and development expenses decreased by 48.8% to RMB 85,824 thousand from RMB 167,581 thousand, mainly due to the later arrangement of R&D projects compared to the same period last year[10] - Research and development expenses for Q1 2021 were 85,824 thousand RMB, down 48.7% from 167,581 thousand RMB in Q1 2020[17] Future Plans - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[4] - The company aims to enhance market expansion and product development in the upcoming quarters[19]