CNCEC(SH:601117)2021-04-28 16:00Financial Performance - Total revenue for Q1 2021 reached CNY 24.93 billion, an increase of 86.53% compared to CNY 13.37 billion in the same period last year[4] - Net profit attributable to shareholders was CNY 816.12 million, up 54.07% from CNY 529.70 million year-on-year[4] - Basic earnings per share rose to CNY 0.16, a 45.45% increase from CNY 0.11 in the same quarter last year[4] - The company's total operating revenue for Q1 2021 reached 24.934 billion CNY, an increase of 86.53% year-over-year[16] - Net profit attributable to the parent company for Q1 2021 was 816 million CNY, up 54.07% compared to the same period last year[16] - Total revenue for Q1 2021 reached ¥25,100,765,888.36, a significant increase of 85.5% compared to ¥13,536,465,520.87 in Q1 2020[28] - Net profit for Q1 2021 was ¥829,054,374.92, representing a 61.6% increase from ¥513,414,003.86 in Q1 2020[28] - The operating profit for Q1 2021 was ¥1,024,853,287.26, up from ¥711,495,936.68 in Q1 2020, reflecting a growth of 44.0%[28] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 142.69 billion, reflecting a 4.91% increase from CNY 136.01 billion at the end of the previous year[4] - As of March 31, 2021, total assets amounted to ¥142.69 billion, an increase from ¥136.01 billion as of December 31, 2020, representing a growth of approximately 4.93%[22] - The company's total assets increased to ¥33,591,112,766.41, up from ¥31,150,345,098.27, reflecting a growth of 7.8%[27] - Total liabilities as of March 31, 2021, were ¥100.35 billion, compared to ¥95.28 billion at the end of 2020, reflecting a rise of about 5.67%[22] - The total liabilities rose to ¥7,204,293,904.30, compared to ¥6,896,646,028.59, indicating an increase of 4.4%[27] - Total liabilities increased from ¥95,284,164,138.90 to ¥95,333,668,649.89, a change of ¥49,504,510.99[40] Cash Flow - The net cash flow from operating activities improved significantly to -CNY 2.15 billion, compared to -CNY 5.94 billion in the same period last year[4] - The company's cash flow from operating activities showed a net outflow of 2.153 billion CNY, a 63.73% improvement compared to the previous year's outflow of 5.937 billion CNY[14] - The company reported a net cash outflow from operating activities of CNY -2,153,292,141.92, an improvement from CNY -5,936,542,707.45 in the same period last year[33] - In Q1 2021, the net cash flow from operating activities was ¥557,146,820.25, a significant improvement from a net outflow of ¥666,182,878.88 in Q1 2020[36] - The net cash flow from investment activities was ¥1,569,943,288.70, a substantial increase from ¥53,499,381.42 in Q1 2020[36] - The total cash and cash equivalents at the end of Q1 2021 stood at ¥5,986,950,260.39, up from ¥5,795,891,639.89 at the end of Q1 2020[37] Shareholder Information - The top shareholder, China Chemical Engineering Group Corporation, holds 1.83 billion shares, representing 37.08% of the total shares[6] - The company has not reported any significant changes in its financial indicators that would adversely affect the interests of shareholders[9] - The total equity attributable to shareholders increased to ¥26,386,818,862.11 from ¥24,253,699,069.68, a growth of 8.8%[27] Expenses and Investments - Research and development expenses for Q1 2021 were 503.969 million CNY, an increase of 47.14% from 342.513 million CNY, in line with revenue growth[14] - Research and development expenses for Q1 2021 were ¥503,969,305.08, up 47.2% from ¥342,512,560.71 in Q1 2020[28] - The company recorded a significant increase in investment income, amounting to CNY 2,168,042,685.25 in Q1 2021, compared to CNY 1,408,860.63 in Q1 2020[31] - Development expenditures were recorded at ¥5,055,379.52, reflecting ongoing investment in innovation[39] Contractual Obligations - New contracts signed amounted to 54.676 billion CNY, a growth of 20.44% year-over-year, with domestic contracts at 50.041 billion CNY and overseas contracts at 4.635 billion CNY[16] - Contract liabilities increased to 2.864 billion CNY, reflecting a 34.82% rise due to increased pre-receipts from ongoing projects[10] - Contract liabilities rose significantly to ¥22.86 billion from ¥16.96 billion, an increase of approximately 34.14%[22] Financial Management - Financial expenses increased significantly to 119.781 million CNY, primarily due to increased exchange losses[14] - Interest expenses decreased significantly to CNY 15,477,981.70 in Q1 2021 from CNY 41,543,280.80 in Q1 2020, reflecting improved financial management[31] - The company executed a new leasing standard starting from 2021, impacting the financial statements[38]