MCC(SH:601618)2021-04-29 16:00Financial Performance - Operating revenue rose by 29.84% to CNY 94,423,385 thousand year-on-year[5] - Net profit attributable to shareholders increased by 12.94% to CNY 2,137,039 thousand compared to the same period last year[5] - Basic earnings per share rose by 11.11% to CNY 0.10 per share[5] - The company reported a net profit of CNY 34.60 billion for the year, compared to CNY 32.46 billion in the previous year, representing an increase of approximately 6.6%[19] - Net profit for Q1 2021 was 3,038,068 thousand RMB, compared to 2,378,509 thousand RMB in Q1 2020, reflecting a year-over-year increase of approximately 27.8%[24] - The net profit attributable to shareholders of the parent company for Q1 2021 was 2,137,039 million, up from 1,892,109 million in Q1 2020, representing a growth of 12.9%[25] - The total comprehensive income for Q1 2021 was 3,014,708 million, compared to 2,606,641 million in Q1 2020, indicating an increase of 15.6%[25] Assets and Liabilities - Total assets increased by 4.33% to CNY 528,299,505 thousand compared to the end of the previous year[5] - Total liabilities reached CNY 385.12 billion, up from CNY 366.04 billion, marking an increase of approximately 5.2%[19] - Current assets totaled CNY 409.40 billion, up from CNY 389.25 billion at the end of 2020, indicating an increase of about 5.2%[17] - Total assets as of March 31, 2021, amounted to 148,802,829 thousand RMB, a decrease from 152,823,047 thousand RMB at the end of 2020[23] - Total liabilities as of March 31, 2021, were 63,670,651 thousand RMB, down from 69,554,888 thousand RMB at the end of 2020, showing a reduction of about 8.5%[22] Cash Flow - The net cash flow from operating activities was CNY -12,987,113 thousand, showing a decline from CNY -8,893,561 thousand in the previous year[5] - The cash received from operating activities in Q1 2021 was 100,129,508 million, compared to 64,475,226 million in Q1 2020, showing an increase of 55.2%[28] - The company's cash and cash equivalents decreased to CNY 48.77 billion from CNY 53.10 billion, a decline of approximately 8.5%[17] - The company's cash and cash equivalents at the end of Q1 2021 were 1,949,010, down from 2,064,516 at the end of Q1 2020, reflecting a decrease in liquidity[30] - The total cash inflow from investment activities was 6,718,839, while cash outflow was 9,190,824, resulting in a net cash flow from investment activities of -2,471,985[30] - The financing activities generated a cash inflow of 5,230,909, but cash outflow was significantly higher at 10,124,897, leading to a net cash flow from financing activities of -4,893,988[30] Shareholder Information - The total number of shareholders reached 401,932 by the end of the reporting period[8] - The largest shareholder, China Metallurgical Group Corporation, holds 49.18% of the shares[8] Government Support and Contracts - The company received government subsidies amounting to CNY 122,990 thousand related to its normal business operations[6] - The company signed new contracts totaling RMB 280.57 billion in Q1 2021, representing a 60.7% increase year-over-year, with engineering contracts accounting for RMB 272.55 billion[12] Research and Development - The company's research and development expenses increased by 57.14% year-over-year, reaching RMB 1,699.8 million[12] - The company reported a significant increase in research and development expenses, which rose to 2,733,708 thousand RMB in Q1 2021 from 2,201,619 thousand RMB in Q1 2020, marking an increase of about 24.2%[24] Compliance and Fund Management - The company has committed to using the proceeds from its bonds strictly for production-related activities, ensuring compliance with national regulations[17] - The company has established effective supervision mechanisms for the use of raised funds, ensuring they are not diverted for non-productive expenditures[17]