TCEPC(SH:600874)2021-04-26 16:00Financial Performance - Operating revenue for the first quarter reached RMB 87,528.3 million, representing a year-on-year increase of 22.20%[10] - Net profit attributable to shareholders was RMB 16,579.3 million, up 27.72% from the same period last year[10] - The company reported a net profit excluding non-recurring gains and losses of RMB 14,470.5 million, an increase of 24.31% year-on-year[10] - Net profit for Q1 2021 totaled RMB 208,245 thousand, compared to RMB 165,741 thousand in Q1 2020, marking a growth of 25.6%[43] - The company recorded investment income of 35,441 thousand RMB in the first quarter of 2021, a substantial rise from 6,163 thousand RMB in the same period of 2020[48] Cash Flow and Liquidity - Net cash flow from operating activities improved significantly to RMB 4,144.6 million, a remarkable increase of 889.15% compared to the previous year[10] - Cash and cash equivalents increased by RMB 74,058 million, a rise of 759.53% compared to the previous period[22] - The company reported a net cash inflow from operating activities of 41,446 thousand RMB, a significant improvement from a net outflow of 5,252 thousand RMB in the first quarter of 2020[54] - Cash flow from financing activities net amount was 1,444,783 thousand RMB, an increase of 786.5% from 163,703 thousand RMB in the same period last year[58] - The company reported a net increase in cash and cash equivalents of 816,950 thousand RMB, compared to 184,013 thousand RMB in the same period last year, reflecting strong liquidity[58] Assets and Liabilities - Total assets increased to RMB 2,066,092.6 million, a growth of 9.88% compared to the end of the previous year[10] - Total liabilities increased to RMB 1,290,430 million, marking a growth of 5% compared to the end of the previous year[17] - The company’s total assets reached RMB 20,660,926 million, up from RMB 18,802,969 million at the end of 2020[27] - Total liabilities reached RMB 8,046,975 thousand as of March 31, 2021, compared to RMB 6,620,344 thousand at the end of 2020, reflecting a growth of 21.5%[38] Shareholder Information - The total number of shareholders reached 67,051, with the largest shareholder holding 50.14% of the shares[16] - Basic earnings per share increased to RMB 0.116, reflecting a growth of 27.47% compared to the previous year[12] - Basic and diluted earnings per share for the first quarter of 2021 were both 0.116 RMB, compared to 0.091 RMB in the same period of 2020, reflecting a 27.5% increase[48] Government Support and Subsidies - The company received government subsidies amounting to RMB 2,815.7 million, which are closely related to its normal business operations[12] Operational Highlights - Revenue from wastewater treatment business significantly increased due to the new plant operation and higher service fees, contributing to overall revenue growth[19] - The company plans to adjust its non-public issuance of A-shares, pending approval from the China Securities Regulatory Commission[23] Cost Management - Research and development expenses for the first quarter of 2021 were minimal at 3 thousand RMB, indicating a focus on cost management[48] - The company’s financial expenses decreased to 48,509 thousand RMB in the first quarter of 2021 from 50,920 thousand RMB in the same period of 2020, primarily due to lower interest expenses[48]