SCMC(SH:600984)2021-04-29 16:00Financial Performance - Operating revenue for the period reached CNY 896,041,884.21, representing a significant increase of 94.30% year-on-year[6] - Net profit attributable to shareholders was CNY 65,839,038.75, a turnaround from a loss of CNY 61,131,372.94 in the same period last year[6] - The weighted average return on net assets increased by 2.75 percentage points to 1.13%[6] - The company reported a basic earnings per share of CNY 0.0681, compared to a loss per share of CNY -0.0738 in the same period last year[6] - The total operating revenue for Q1 2021 was ¥896,041,884.21, a significant increase of 94.3% compared to ¥461,157,935.32 in Q1 2020[29] - The net profit for Q1 2021 was ¥65,736,879.33, compared to a net loss of ¥61,204,182.04 in Q1 2020[30] - The gross profit margin for Q1 2021 improved to approximately 26.5%, compared to a negative margin in Q1 2020[29] Cash Flow and Liquidity - The net cash flow from operating activities improved to -CNY 54,715,324.75, compared to -CNY 129,848,484.13 in the previous year[6] - Cash received from sales of goods and services increased by 99.86% to RMB 910,398,837.29 from RMB 455,527,947.31 in the previous period[14] - The cash flow from operating activities showed a net outflow of ¥54,715,324.75 in Q1 2021, an improvement from a net outflow of ¥129,848,484.13 in Q1 2020[33] - The company reported cash inflow from financing activities of ¥418,214,551.95 in Q1 2021, compared to ¥223,045,535.87 in Q1 2020, reflecting increased borrowing[34] Assets and Liabilities - Total assets at the end of the reporting period were CNY 15,134,821,148.09, a decrease of 0.02% compared to the end of the previous year[6] - Total liabilities stood at ¥9,249,891,060.49, slightly down from ¥9,320,390,410.73, showing a decrease of about 0.76%[25] - Total current liabilities were CNY 5,975,566,136.94 as of the first quarter of 2021, slightly decreasing to CNY 5,988,217,845.62, with an adjustment of CNY 12,651,708.68[40] - Total non-current liabilities increased to CNY 3,344,824,273.79 in the first quarter of 2021, compared to CNY 3,458,843,277.50, reflecting an adjustment of CNY 114,019,003.71[40] - Total equity increased to ¥5,884,930,087.60 from ¥5,818,184,097.55, reflecting a growth of about 1.14%[25] Shareholder Information - The total number of shareholders at the end of the reporting period was 51,572[9] - The largest shareholder, Shaanxi Coal and Chemical Industry Group, held 27.86% of the shares[9] Inventory and Deferred Income - The company experienced an increase in inventory due to a rise in finished goods stock[11] - Deferred income increased due to new infrastructure subsidy funds from the subsidiary Suzhou Pangyuan[11] - The company reported a 93.80% increase in deferred income to RMB 1,927,910.00 from RMB 994,810.00[12] Interest and Financial Expenses - Interest expenses surged by 119.58% to RMB 46,681,285.08, attributed to increased borrowings[12] - The company reported a significant increase in financial expenses, totaling ¥76,188,890.83 in Q1 2021, up from ¥54,573,055.91 in Q1 2020[29] Research and Development - The research and development expenses for Q1 2021 were ¥24,188,384.92, slightly down from ¥25,603,617.72 in Q1 2020[29] - The company incurred research and development expenses of ¥3,908,538.88 in Q1 2021, up from ¥2,107,364.16 in Q1 2020, indicating a focus on innovation[32]