CFHI(SH:601106)2021-04-29 16:00Financial Performance - Operating revenue for the first quarter reached CNY 3,651,216,757.07, representing a 14.71% increase year-on-year[4] - Net profit attributable to shareholders was CNY 37,447,231.91, up 10.65% from the same period last year[4] - The net profit after deducting non-recurring gains and losses increased by 43.89% to CNY 28,888,305.93[4] - Basic earnings per share rose by 12.24% to CNY 0.0055[4] - The operating profit for Q1 2021 was CNY 54,925,778.08, compared to CNY 50,874,768.71 in Q1 2020, indicating a growth of 10.06%[18] - Net profit for Q1 2021 reached CNY 39,040,613.76, compared to CNY 34,044,869.73 in Q1 2020, representing a growth of 14.74%[19] Assets and Liabilities - Total assets increased by 3.91% to CNY 34,156,752,980.68 compared to the end of the previous year[4] - Total liabilities increased by 105.92% to CNY 1,491,744,531.86 due to an increase in advance payments received compared to the same period last year[10] - Total current assets amounted to CNY 23,106,738,717.30, up from CNY 21,684,211,640.15 in the previous year[13] - Current liabilities totaled ¥14.86 billion, an increase from ¥14.25 billion, reflecting a rise of about 4.3%[14] - Long-term borrowings reached ¥7.38 billion, compared to ¥6.73 billion, marking an increase of about 9.7%[15] - Non-current liabilities totaled ¥8.00 billion, up from ¥7.37 billion, reflecting a growth of approximately 8.5%[15] Cash Flow - Net cash flow from operating activities decreased by 69.01% to -CNY 987,038,562.62 compared to the previous year[4] - The company's cash flow from financing activities decreased by 68.05% to CNY 513,769,110.16, due to lower new borrowings compared to the previous year[11] - The cash flow from operating activities showed a net outflow of ¥987,038,562.62, worsening from a net outflow of ¥584,026,475.54 in Q1 2020[23] - Cash and cash equivalents at the end of Q1 2021 were ¥1,755,346,843.89, down from ¥2,611,700,211.83 at the end of Q1 2020[24] - The company reported a net cash flow from financing activities of 927,061,470.80 RMB in Q1 2021, compared to 1,204,339,748.31 RMB in Q1 2020, reflecting a decrease of approximately 23%[26] Expenses - Research and development expenses rose by 236.23% to CNY 109,809,406.31, reflecting increased investment in product development and quality improvement efforts[10] - The company reported a significant increase in sales expenses by 41.03% to CNY 53,455,870.28, attributed to a recovery in sales activities post-pandemic[10] - Total operating costs for Q1 2021 were CNY 3,626,586,282.60, up from CNY 3,154,238,874.33 in Q1 2020, reflecting a year-over-year increase of 14.93%[18] - The company incurred financial expenses of ¥109,935,029.57, slightly up from ¥108,411,630.56 in the previous year[20] Shareholder Information - The total number of shareholders at the end of the reporting period was 286,425[7] - The largest shareholder, China First Heavy Industries Group Co., Ltd., holds 63.88% of the shares, with 2,140,000,000 shares pledged[7] - The total number of shareholders with unrestricted shares is 13, with the largest shareholder holding 4,380,563,888 shares[9] Government Subsidies - The company reported a government subsidy income of CNY 7,559,094.03, which is closely related to its normal business operations[5]