2021-04-29 16:00Financial Performance - Total revenue for Q1 2021 reached CNY 15.89 billion, an increase of 47.60% compared to CNY 10.77 billion in the same period last year[4] - Net profit attributable to shareholders was CNY 2.37 billion, a significant increase of 1,896.65% from CNY 118.49 million in Q1 2020[4] - Basic and diluted earnings per share were both CNY 0.23, a substantial increase of 2,200% from CNY 0.01 in Q1 2020[4] - The company's operating revenue for Q1 2021 reached ¥1,588,950.12 million, representing a 47.60% increase compared to the same period last year, primarily due to significant sales growth after the pandemic impact in the previous year[9] - Investment income surged to ¥344,257.00 million, marking a 263.02% increase, attributed to higher profits from joint ventures and associates[9] - The company reported a significant increase in cash received from investment activities, totaling ¥221,158.59 million, up 48.78% year-on-year, reflecting increased capital contributions to investee companies[9] - Total operating revenue for Q1 2021 reached ¥16,023,651,985, a 47.5% increase from ¥10,877,703,889 in Q1 2020[17] - Operating income was ¥15,889,501,168, up from ¥10,765,458,808, reflecting a growth of 47.5% year-over-year[17] - Net profit for Q1 2021 was ¥2,349,296,744, compared to ¥111,648,101 in Q1 2020, indicating a significant increase[17] - The total comprehensive income for Q1 2021 was ¥2,419,954,538, compared to ¥664,509,790 in Q1 2020, reflecting a substantial increase[20] Cash Flow and Liquidity - The net cash flow from operating activities improved to -CNY 5.25 billion, a reduction of 18.88% compared to -CNY 6.47 billion in the previous year[4] - The company reported a net cash outflow from operating activities of ¥5,251,059,359 for Q1 2021, an improvement from a net outflow of ¥6,473,241,577 in Q1 2020[21] - The company generated cash inflows from operating activities totaling ¥18,287,501,392 in Q1 2021, compared to ¥10,658,512,616 in Q1 2020, representing a growth of approximately 71%[21] - The total cash inflow from financing activities in Q1 2021 was 2,726,109,043 RMB, compared to 1,058,114,454 RMB in Q1 2020, representing a 157.5% increase[22] - The net cash flow from financing activities improved significantly to 434,368,482 RMB in Q1 2021 from -2,261,092,544 RMB in Q1 2020[22] - The cash inflow from operating activities totaled 301,846,583 RMB in Q1 2021, up from 194,042,978 RMB in Q1 2020, reflecting a 55.7% increase[24] - The company's cash and cash equivalents decreased to ¥20,505.63 million from ¥28,500.07 million, reflecting changes in liquidity management[11] - The cash and cash equivalents at the end of Q1 2021 were 18,917,962,866 RMB, down from 19,115,065,802 RMB at the end of Q1 2020, a decrease of 1.04%[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 140.99 billion, a decrease of 1.27% from CNY 142.81 billion at the end of the previous year[4] - The total assets as of March 31, 2021, were ¥140,998,318.29 million, a slight decrease from ¥142,806,662.92 million at the end of 2020[12] - The total liabilities decreased to ¥51,853,949.68 million from ¥56,147,058.92 million, indicating improved financial stability[12] - Total assets as of March 31, 2021, amounted to ¥91,570,822,725, up from ¥89,268,711,478 at the end of 2020, representing a growth of 2.6%[16] - Total liabilities decreased slightly to ¥12,314,202,568 from ¥12,572,304,619, a reduction of 2.1%[16] Shareholder Information - The total number of shareholders was 122,338, with the largest shareholder, Guangzhou Automobile Group, holding 53.13% of the shares[6] - The net assets attributable to shareholders increased to CNY 86.82 billion, reflecting a growth of 2.97% from CNY 84.32 billion at the end of the previous year[4] - The company's total equity increased to ¥89,144,368.61 million from ¥86,659,603.99 million, indicating growth in shareholder value[13] Research and Development - Research and development expenses for Q1 2021 were ¥260,308,231, significantly higher than ¥115,713,188 in Q1 2020, reflecting a growth of 125.5%[17] - Research and development expenses for Q1 2021 were ¥515,201,864, up from ¥314,747,181 in Q1 2020, indicating an increase of approximately 64%[19] Expenses - The sales expenses for Q1 2021 were ¥83,369.82 million, a 47.97% increase, primarily due to increased advertising and marketing costs associated with higher sales[9] - The company incurred management expenses of ¥208,567,665 in Q1 2021, significantly higher than ¥6,795,093 in Q1 2020[19] - The financial expenses for Q1 2021 included interest expenses of ¥48,157,350, compared to ¥41,912,490 in Q1 2020, indicating an increase of approximately 15%[19] Government Support - The company received government subsidies amounting to CNY 154.66 million during the reporting period[5] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies and products[4]