2021-04-29 16:00Financial Performance - Operating revenue for the first quarter reached CNY 236,241,102 thousand, representing a 51.10% increase year-on-year[4] - Net profit attributable to shareholders increased by 80.89% to CNY 6,485,448 thousand compared to the same period last year[4] - Basic earnings per share rose by 80.30% to CNY 0.238 per share[4] - The company reported a net profit of CNY 120,988,393, compared to CNY 115,124,600, reflecting a growth of about 5.0%[16] - Net profit for Q1 2021 was RMB 7,021,209 thousand, representing an 82.6% increase compared to RMB 3,848,383 thousand in Q1 2020[21] - The company reported a total comprehensive income of RMB 6,992,675 thousand for Q1 2021, up from RMB 3,642,793 thousand in Q1 2020, an increase of 92.5%[22] Assets and Liabilities - Total assets increased by 5.37% to CNY 1,264,599,965 thousand compared to the end of the previous year[4] - Current assets totaled CNY 777,015,839, up from CNY 741,786,936, indicating an increase of about 4.7% year-over-year[15] - Total liabilities amounted to CNY 936,098,308, up from CNY 886,927,853, reflecting an increase of about 5.5%[16] - Short-term borrowings increased by 35.37% to 71.34 billion RMB, primarily to supplement liquidity[14] - Long-term borrowings increased to CNY 137,881,328 from CNY 119,970,402, representing a growth of about 15%[16] Revenue Segments - The infrastructure construction segment generated revenue of 207.46 billion RMB, with a year-on-year growth of 55.03%[10] - The real estate development segment reported revenue of 5.16 billion RMB, reflecting an 18.81% increase year-on-year[10] Cash Flow - The net cash flow from operating activities improved to -CNY 29,835,219 thousand, an increase from -CNY 38,846,596 thousand in the previous year[4] - Cash inflow from operating activities in Q1 2021 was 256,042,883, up from 177,485,505 in Q1 2020[25] - Cash outflow from operating activities in Q1 2021 was 285,878,102, compared to 216,332,101 in Q1 2020[25] - The company experienced a net decrease in cash and cash equivalents of -$26,551,381, compared to -$1,177,213 previously[28] Shareholder Information - The total number of shareholders at the end of the reporting period was 565,475[6] - The largest shareholder, China Railway Engineering Group Co., Ltd., holds 47.21% of the shares[6] Government Support - The company received government subsidies amounting to CNY 155,362 thousand during the reporting period[5] - The company reported a non-operating income of CNY 167,526 thousand, primarily from asset disposals and government grants[5] Contractual Obligations - The company signed new contracts worth 329.23 billion RMB in Q1 2021, a decrease of 2.5% year-on-year[12] - The backlog of uncompleted contracts reached 3.78097 trillion RMB, up 1.5% from the end of the previous year[13] Research and Development - Research and development expenses increased to RMB 3,846,137 thousand in Q1 2021, up 156.5% from RMB 1,504,112 thousand in Q1 2020[21] Investment Activities - Investment cash outflow for Q1 2021 was 20,723,377, an increase from 15,742,878 in Q1 2020[26] - Cash paid for investments was $7,698,826, compared to $8,975,455 in the prior period, indicating reduced investment spending[28]