ZHUYE GP(SH:600961)2021-04-29 16:00Financial Performance - Operating revenue for the first quarter was CNY 4,055,809,892.29, an increase of 18.50% year-on-year[13] - Net profit attributable to shareholders increased by 37.47% to CNY 57,338,069.38 compared to the same period last year[13] - Basic earnings per share rose by 75% to CNY 0.07 compared to CNY 0.04 in the previous year[15] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which rose by 2,483.53% to CNY 19,754,101.85[13] - The net profit for the current period is 71,942,469.38 RMB, compared to 48,528,861.59 RMB in the previous period, representing an increase of approximately 48%[47] - The total profit for the current period is 91,462,161.20 RMB, up from 59,929,827.13 RMB, indicating a growth of about 53%[47] - The comprehensive income total for the current period is 70,677,735.39 RMB, compared to 48,930,552.36 RMB, marking an increase of approximately 44%[49] - The company’s operating profit for the current period is 89,176,827.69 RMB, compared to 59,872,127.13 RMB, showing an increase of approximately 49%[47] Assets and Liabilities - Total assets increased by 3.12% to CNY 5,788,724,310.29 compared to the end of the previous year[13] - Total liabilities reached approximately 4.98 billion yuan, compared to 4.86 billion yuan at the end of the previous year[35] - Total current assets amounted to CNY 2,036,558,223.57 as of January 1, 2021[64] - Total non-current assets reached CNY 3,576,982,142.18 as of January 1, 2021[65] - Total current liabilities were CNY 3,409,366,071.65 as of January 1, 2021[67] - Total non-current liabilities amounted to CNY 1,447,422,219.39 as of January 1, 2021[70] Shareholder Information - Net assets attributable to shareholders increased by 29.96% to CNY 183,149,460.82 compared to the end of the previous year[13] - The total number of shareholders at the end of the reporting period was 36,461[20] - The largest shareholder, Zhuzhou Smelter Group Co., Ltd., holds 40.24% of the shares[20] Cash Flow - Net cash flow from operating activities decreased by 49.00% to CNY 63,895,839.34 compared to the same period last year[13] - Cash inflow from sales of goods and services in Q1 2021 was CNY 4,416,477,548.83, an increase of 16.1% compared to CNY 3,803,653,142.81 in Q1 2020[56] - Net cash flow from operating activities in Q1 2021 was CNY 63,895,839.34, a decrease of 48.9% from CNY 125,293,467.25 in Q1 2020[56] - Cash and cash equivalents increased by 66.26% compared to the beginning of the period, mainly due to an increase in raw material payments at the end of the period[27] - Cash and cash equivalents at the end of Q1 2021 totaled CNY 255,697,504.26, a decrease of 54.8% from CNY 565,501,034.86 at the end of Q1 2020[58] Research and Development - R&D expenses surged by 291.92% year-on-year, reflecting a significant increase in R&D investment[27] - Research and development expenses for Q1 2021 were RMB 9,822,004.40, significantly higher than RMB 2,506,127.29 in Q1 2020, marking an increase of about 292.5%[43] Government Subsidies - The company received government subsidies amounting to CNY 29,824,356.99, primarily from deferred income amortization and financial support[15] - Other income increased by 655.19% year-on-year, mainly due to an increase in government subsidies received[27] Inventory and Receivables - Accounts receivable rose by 58.35% compared to the beginning of the period, primarily due to an increase in receivables from credit marketing[27] - Inventory decreased to RMB 155,818,575.11 in Q1 2021 from RMB 159,970,375.42 in Q1 2020, a decline of approximately 2.1%[38]