hbky(SH:600985)2021-04-28 16:00Financial Performance - Net profit attributable to shareholders was CNY 1.19 billion, representing a 44.09% increase year-on-year[4]. - Operating revenue for the period was CNY 12.61 billion, up 12.90% from the same period last year[4]. - Basic earnings per share increased to CNY 0.55, reflecting a growth of 44.74% compared to the previous year[4]. - The company reported a net profit of CNY 1.20 billion after deducting non-recurring gains and losses, marking a 48.76% increase year-on-year[4]. - Total operating revenue for Q1 2021 reached CNY 12,619,941,364.73, an increase of 12.8% compared to CNY 11,190,587,258.65 in Q1 2020[17]. - Net profit for Q1 2021 was CNY 1,304,001,172.03, representing a growth of 56.2% from CNY 834,760,304.24 in Q1 2020[18]. - The total comprehensive income for the first quarter of 2021 was CNY 1,304,001,172.03, compared to CNY 834,760,304.24 in the same period of 2020, representing an increase of approximately 56.1%[52]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 68.18 billion, an increase of 1.74% compared to the end of the previous year[4]. - The company's total equity increased to ¥27,405,293,112.81 from ¥25,460,661,353.88, showing a growth of approximately 7.65%[14]. - The total liabilities increased, with notes payable rising by 30.65% to ¥2,588,813,873.99 due to increased use of notes for settling payments[9]. - Total liabilities for Q1 2021 were CNY 3,113,015,798.48, down from CNY 3,539,621,965.01 in Q1 2020, indicating a reduction of approximately 12%[17]. - The company's total liabilities decreased to ¥40,774,426,150.26 from ¥41,549,903,196.80, a reduction of about 1.86%[14]. Cash Flow - Net cash flow from operating activities was CNY 985.37 million, a significant recovery from a negative cash flow of CNY 168.66 million in the previous year[4]. - Cash flow from operating activities for the first quarter of 2021 was CNY 985,372,819.75, compared to a negative cash flow of CNY -168,663,039.44 in the first quarter of 2020, indicating a strong turnaround[22]. - The company's cash flow from financing activities was negative at -¥769,774,575.20, primarily due to loan repayments[10]. - The cash inflow from financing activities totaled 3,499,774,192.61 in Q1 2021, while cash outflow was 4,269,548,767.81, resulting in a net cash flow from financing activities of -769,774,575.20[23]. Shareholder Information - Total shareholders reached 23,642, with the largest shareholder, HuaiBei Mining Group Co., Ltd., holding 1,629,355,295 shares, representing 73.23% of total shares[7]. - Net assets attributable to shareholders rose by 8.52% to CNY 23,096,035,871.26[37]. Research and Development - Research and development expenses increased by 41.95% to ¥284,162,385.96, reflecting higher investment in R&D projects[9]. - Research and development expenses increased to CNY 284,162,385.96, compared to CNY 200,191,057.26 in Q1 2020, reflecting a growth of 42%[18]. Government Subsidies - The company received government subsidies amounting to CNY 26.67 million, including CNY 5.07 million for VAT refunds[6]. - Non-operating income included government subsidies totaling CNY 26,669,105.82, with specific amounts for VAT refunds and safety improvement projects[39]. Financial Adjustments - The company adjusted its financial statements due to the new leasing standards, impacting long-term payables and lease liabilities[28]. - The company adjusted its financial statements to reflect the new leasing standards, impacting CNY 525,590,078.75 in assets and CNY 230,461,571.20 in liabilities[33].