2021-04-29 16:00Financial Performance - Total revenue for Q1 2021 reached CNY 10.87 billion, an increase of 32.74% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 632.95 million, representing a growth of 59.89% year-on-year[4] - Basic earnings per share for Q1 2021 were CNY 0.203, a rise of 59.84% from CNY 0.127 in the same quarter last year[5] - The company reported new orders totaling RMB 15.64 billion, representing a 31.6% increase compared to the same period last year[9] - The company reported a total comprehensive income of CNY 689,101,002.42 for Q1 2021, compared to CNY 423,428,285.05 in Q1 2020[21] - Operating profit for Q1 2021 was CNY 721,683,852.62, an increase of 53.7% from CNY 469,085,455.62 in Q1 2020[20] - The company achieved a net profit attributable to shareholders of ¥632,953,003.56 in Q1 2021, up from ¥395,858,487.41 in Q1 2020[50] Cash Flow - Operating cash flow for the period was negative CNY 3.71 billion, compared to negative CNY 739.30 million in the previous year, indicating a significant decline[4] - The net cash flow from operating activities decreased to approximately RMB -3.71 billion, primarily due to increased procurement payments as production scales up[10] - The cash flow from investment activities improved significantly, reaching approximately RMB 1.60 billion, compared to a negative cash flow in the previous year[11] - The net cash flow from operating activities was -¥3,714,939,510.01 in Q1 2021, worsening from -¥739,297,921.44 in Q1 2020[25] - Cash inflow from investment activities totaled ¥2,235,705,955.96, up from ¥1,114,884,886.25 in Q1 2020[54] - The company reported a net increase in cash and cash equivalents of -¥2,082,852,114.81, compared to -¥905,704,805.52 in the same quarter last year[54] Assets and Liabilities - Total assets at the end of the reporting period were CNY 96.55 billion, a decrease of 1.28% from the end of the previous year[4] - Total liabilities decreased from ¥64.2 billion to ¥62.2 billion, a decline of approximately 3.12%[15] - Current assets decreased from ¥17.9 billion to ¥16.2 billion, a decline of about 9.73%[17] - Total non-current assets decreased to ¥25,860,859,009.56 from ¥27,121,879,936.38, indicating a decline of about 4.6%[43] - The company's total equity increased to ¥34,385,840,850.53 from ¥33,641,600,037.07, representing a growth of about 2.2%[44] Research and Development - Research and development expenses increased by 87.71% to approximately RMB 550.95 million, reflecting a significant investment in innovation[10] - Research and development expenses for Q1 2021 were ¥550,948,164.38, significantly higher than ¥293,511,435.77 in Q1 2020, marking an increase of 87.6%[49] Shareholder Information - The top ten shareholders held a total of 1.73 billion shares, representing 55.39% of the total shares outstanding[7] - The total number of shareholders at the end of the reporting period is 126,860[36] - The total shares held by the top ten shareholders account for 66.48% of the total shares[36] Other Financial Metrics - The weighted average return on equity increased to 2.03%, up by 0.7 percentage points from 1.33% in the previous year[4] - The company received government subsidies amounting to CNY 26.95 million, which are closely related to its normal business operations[5] - The company reported a loss of CNY 17.74 million from the disposal of non-current assets during the quarter[5] - The company’s investment income rose by 85.72% to approximately RMB 100.78 million, driven by profit growth from associated enterprises[10]