SIFANG(SH:601126)2021-04-28 16:00Financial Performance - Operating revenue for the first quarter was CNY 806,690,021.95, representing a significant increase of 140.00% year-on-year[10] - Net profit attributable to shareholders was CNY 93,191,986.61, a turnaround from a loss of CNY 61,049,395.54 in the same period last year[10] - Basic and diluted earnings per share were CNY 0.1146, compared to a loss of CNY 0.0777 per share in the previous year[10] - Total operating revenue for Q1 2021 reached ¥806,690,021.95, a significant increase of 139.9% compared to ¥336,116,771.38 in Q1 2020[35] - Net profit for Q1 2021 was ¥93,104,848.16, a turnaround from a net loss of ¥61,854,689.98 in Q1 2020[37] - The total comprehensive income for Q1 2021 was ¥51,111,869.06, compared to ¥40,291,063.48 in Q1 2020, marking a 26.5% increase[42] Cash Flow - Net cash flow from operating activities amounted to CNY 177,192,179.74, up 67.20% compared to the previous year[10] - The cash flow from operating activities was ¥177,192,179.74, up from ¥105,975,726.39 in the same period last year, indicating a 67.3% increase[46] - The company received cash inflows from operating activities totaling ¥1,239,660,950.95 in Q1 2021, compared to ¥772,211,234.38 in Q1 2020, a 60.5% increase[44] - The net cash flow from operating activities for Q1 2021 was RMB 134,881,538.98, compared to RMB 36,908,355.78 in Q1 2020, reflecting a significant improvement[48] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 6,998,502,503, an increase of 2.04% compared to the end of the previous year[10] - Total current assets amounted to CNY 6,110,019,559.41, up from CNY 5,972,725,956.76 in the previous period[25] - The total liabilities as of Q1 2021 amounted to ¥1,246,773,791.58, compared to ¥1,227,962,484.36 in the previous year[35] - The company reported a total liability of CNY 2,728,748,774.36, up from CNY 2,699,052,020.92, indicating an increase of about 1.09%[28] - The total non-current liabilities amounted to CNY 40,523,431.01, significantly higher than CNY 24,312,006.62, showing an increase of approximately 66.73%[28] Shareholder Information - The total number of shareholders at the end of the reporting period was 38,583[11] - The largest shareholder, Sifang Electric (Group) Co., Ltd., held 45.12% of the shares[11] - The total equity attributable to shareholders rose to CNY 4,267,872,719.23 from CNY 4,157,408,719.46, reflecting an increase of approximately 2.67%[28] Operating Costs and Expenses - Operating costs rose by 154.27% to CNY 506,804,533.84 from CNY 199,316,211.62 in the previous period[7] - Income tax expenses increased by 419.83% to CNY 21,098,390.48 from CNY 4,058,686.70 in the previous period[16] - Research and development expenses increased to ¥93,754,865.70 in Q1 2021, up from ¥84,554,355.88 in Q1 2020, reflecting a focus on innovation[35] Other Financial Metrics - The weighted average return on equity increased to 2.21%, up 3.79 percentage points from -1.58% in the same period last year[10] - Other income grew by 51.38% to CNY 28,255,305.39 from CNY 18,664,862.89 in the previous period[10] - The company achieved a gross profit margin of approximately 35.9% in Q1 2021, compared to 54.4% in Q1 2020, reflecting changes in cost structure[41] Strategic Focus - The company aims to continue expanding its market presence and investing in new technologies to drive future growth[39] - The company is focusing on expanding its market presence and enhancing product development strategies[61]