FIRMACO(SH:600967)2021-04-26 16:00Financial Performance - Net profit attributable to shareholders was CNY 176,683,470.24, representing a year-on-year increase of 20.23%[17] - Operating revenue for the period was CNY 1,911,805,443.08, up 2.32% from the same period last year[17] - Basic earnings per share increased to CNY 0.104, reflecting a growth of 19.54% year-on-year[17] - The company reported an investment income of CNY 11,449,641.26, a substantial increase of 730.73% year-over-year[31] - Net profit for Q1 2021 reached RMB 176,976,387.09, compared to RMB 144,068,834.16 in Q1 2020, representing a growth of 23.0%[54] - The total profit for Q1 2021 was RMB 205,340,099.85, compared to RMB 172,002,112.61 in Q1 2020, reflecting an increase of 19.4%[51] - The total comprehensive income for Q1 2021 was approximately ¥184.82 million, compared to ¥153.01 million in Q1 2020, representing an increase of about 20.8%[59] Cash Flow - Net cash flow from operating activities was CNY 302,290,540.34, a significant improvement of 206.16% compared to the previous year[17] - The net cash flow from operating activities for Q1 2021 was approximately ¥302.29 million, a significant improvement from a negative cash flow of ¥284.75 million in Q1 2020[64] - Cash inflow from operating activities in Q1 2021 was approximately ¥2.11 billion, up from ¥1.43 billion in Q1 2020, indicating a growth of about 46.8%[64] - Cash inflow from investment activities in Q1 2021 totaled approximately ¥801.45 million, compared to ¥51.38 million in Q1 2020, marking an increase of about 1461.5%[70] - The net increase in cash and cash equivalents for Q1 2021 was approximately ¥508.25 million, contrasting with a decrease of ¥26.37 million in Q1 2020[70] - The ending balance of cash and cash equivalents as of Q1 2021 was approximately ¥12.40 billion, up from ¥8.50 billion at the end of Q1 2020, representing an increase of about 46.5%[72] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 30,202,875,393.26, a slight increase of 0.12% compared to the end of the previous year[17] - Total liabilities amounted to ¥20,241,944,665.60, down from ¥20,390,739,845.78, showing a decline of about 0.73%[38] - Current liabilities decreased to ¥19,914,265,925.19 from ¥20,088,808,134.90, a reduction of approximately 0.87%[37] - The total number of shareholders at the end of the reporting period was 65,673[23] - The largest shareholder, Inner Mongolia First Machinery Group Co., Ltd., holds 42.76% of the shares[23] Research and Development - Research and development expenses rose by 24.68% to CNY 49,296,733.69 compared to the same period last year[29] - Research and development expenses for Q1 2021 amounted to RMB 49,296,733.69, up 24.6% from RMB 39,539,770.52 in Q1 2020[51] Shareholder Equity - Total equity rose to ¥9,960,930,727.66 from ¥9,776,996,349.59, an increase of about 1.87%[38] - The company's retained earnings increased to ¥3,534,893,612.22 from ¥3,358,210,141.98, reflecting a growth of about 5.24%[38] - The total equity of the company increased to RMB 9,662,003,570.69 from RMB 9,472,688,337.92, marking a growth of 2.0%[48] Inventory and Receivables - Accounts receivable decreased by 37.78% to CNY 345,254,589.73 due to the expiration of receivable notes[27] - The total inventory decreased slightly by 0.74% to CNY 3,929,790,946.96 compared to the previous year[29] Financial Expenses - The company’s financial expenses decreased by 34.92% to CNY -73,180,334.31, attributed to reduced borrowing costs from decreased short-term loans[29] - The company reported a financial income of RMB 73,632,037.76 in Q1 2021, down from RMB 115,457,894.80 in Q1 2020, indicating a decrease of 36.3%[51] Borrowings and Payables - Short-term borrowings decreased by 54.55% to CNY 25,000,000.00 as the company repaid its short-term loans[29] - The company experienced a 36.10% increase in accounts payable, reaching CNY 2,444,190,391.46 due to increased production procurement[29]