CRRC(SH:601766)2021-04-29 16:00Financial Performance - Operating revenue for the first quarter reached CNY 41,553,935 thousand, representing a 24.43% increase year-on-year[5] - Net profit attributable to shareholders was CNY 1,341,023 thousand, a significant rise of 79.36% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was CNY 983,771 thousand, up 108.03% year-on-year[5] - Basic earnings per share increased to CNY 0.05, reflecting a growth of 66.67% from the previous year[5] - The weighted average return on net assets improved to 0.93%, an increase of 0.38 percentage points year-on-year[5] - The company's net profit attributable to shareholders increased by 79.36% compared to the same period last year, driven by revenue growth and increased gross profit[12] - Revenue for the first quarter of 2021 reached RMB 41.55 billion, a 24.43% increase year-on-year, with significant contributions from railway equipment and new industries[12] - Net profit for Q1 2021 was CNY 1,649,031, representing a 69.5% increase from CNY 971,967 in Q1 2020[22] - The company reported a gross profit margin of approximately 4.3% for Q1 2021, compared to 3.4% in Q1 2020[22] Assets and Liabilities - Total assets increased to CNY 425,285,527 thousand, up 8.39% from the previous year[5] - The company's total assets reached RMB 425.29 billion, up from RMB 392.38 billion at the end of 2020[17] - Total liabilities increased to CNY 34,466,511, up from CNY 30,103,097 at the end of 2020[21] - The total equity attributable to shareholders reached CNY 101,880,167, slightly down from CNY 101,994,024 at the end of 2020[21] - The company reported a significant increase of 347.62% in other current liabilities, primarily due to the issuance of short-term financing bonds[11] Cash Flow - The net cash flow from operating activities was negative at CNY -12,927,072 thousand, worsening from CNY -9,040,061 thousand in the previous year[5] - Cash outflow from operating activities was RMB 12.93 billion, an increase of RMB 3.89 billion compared to the same period last year, primarily due to decreased cash received from sales[12] - The company reported cash inflow from sales and services of CNY 11,401 thousand, with a notable increase in other operating cash receipts to CNY 2,757,596 thousand from CNY 1,679,486 thousand year-on-year[27] - The total cash inflow from financing activities was CNY 34,445,058 million in Q1 2021, significantly higher than CNY 9,785,133 million in Q1 2020[25] - The cash inflow from tax refunds was CNY 185 thousand, down from CNY 4,824 thousand in Q1 2020[27] Research and Development - Research and development expenses grew by 40.90% year-on-year, reflecting increased investment in R&D activities[11] - Research and development expenses increased to CNY 2,264,944, up 40.7% from CNY 1,607,507 in the same period last year[22] Shareholder Information - The total number of shareholders reached 791,366, with the largest shareholder holding 50.73% of the shares[7] Government Support - The company received government subsidies amounting to CNY 313,152 thousand, which are closely related to its normal business operations[6] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19]