YOFC(601869)2021-04-29 16:00Financial Performance - Operating revenue for the first quarter reached CNY 1,911,894,833, a 56.16% increase year-on-year[7] - Net profit attributable to shareholders was CNY 84,463,087, a significant recovery from a loss of CNY 7,174,583 in the same period last year[7] - Basic earnings per share improved to CNY 0.11 from a loss of CNY -0.01 in the same period last year[7] - The weighted average return on equity was 0.93%, recovering from -0.08% in the previous year[7] - Gross profit, net profit, and earnings per share all saw increases compared to the same period last year, reflecting the recovery of the company's main production and operational activities[12] - The company reported a net profit of CNY 87,089,180 for Q1 2021, compared to a net loss of CNY 9,494,718 in Q1 2020[25] - The company reported a total comprehensive income of ¥83,285,084 for Q1 2021, compared to a loss of ¥7,485,184 in Q1 2020[29] - The company achieved an investment income of ¥18,421,335 in Q1 2021, a significant recovery from a loss of ¥12,687,465 in the previous year[28] Cash Flow - Net cash flow from operating activities was negative at CNY -372,956,016, worsening by 35.65% compared to the previous year[7] - The net cash used in operating activities increased by approximately RMB 98.02 million year-on-year, attributed to the normalization of production and operations[13] - The net cash generated from financing activities increased by RMB 129.64 million year-on-year, mainly due to financing from a subsidiary[13] - In Q1 2021, the company reported cash inflows from operating activities of CNY 1,515,216,782, an increase of 46.2% compared to CNY 1,036,724,668 in Q1 2020[30] - The net cash outflow from operating activities was CNY -372,956,016, worsening from CNY -274,937,756 in the same period last year[30] - Cash inflows from financing activities reached CNY 1,073,479,469, up from CNY 701,470,661 in Q1 2020[31] - The net cash flow from financing activities was CNY 551,491,999, compared to CNY 421,850,724 in the same quarter last year[31] Assets and Liabilities - Total assets increased by 4.24% to CNY 16,528,292,765 compared to the end of the previous year[7] - The company's total assets amounted to RMB 16.53 billion as of March 31, 2021, compared to RMB 15.86 billion at the end of 2020[19] - The total liabilities increased to RMB 6.89 billion, up from RMB 6.47 billion at the end of the previous year[20] - The equity attributable to shareholders of the parent company totaled RMB 9.12 billion, compared to RMB 9.05 billion at the end of 2020[20] - Current assets totaled CNY 8,775,168,931, an increase of 6.4% from CNY 8,248,285,157 at the end of 2020[23] - The company’s equity totaled CNY 7,832,681,123 as of March 31, 2021, compared to CNY 7,747,296,379 at the end of 2020, reflecting an increase of 1.1%[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 27,192[9] - The top shareholder, China Huaxin Post and Telecommunications Technology Co., Ltd., held 179,827,794 shares, representing a significant portion of the company's equity[9] Research and Development - Research and development expenses for Q1 2021 were CNY 81,628,566, up from CNY 56,095,425 in Q1 2020, indicating a 45.5% increase[25] - Research and development expenses increased to ¥48,945,823 in Q1 2021, up from ¥36,176,073 in Q1 2020, indicating a focus on innovation[28] Government Support - The company received government subsidies amounting to CNY 13,539,418, which are closely related to its normal business operations[8] Operational Activities - The group's operating revenue and operating costs increased by 56.16% and 59.23% year-on-year, respectively, due to the normalization of operations after the impact of COVID-19 in the previous year[12] - The company's construction in progress increased by approximately RMB 108.08 million, a growth of about 41.75%, mainly due to ongoing investments in overseas communication network projects in Peru and other projects[11] - Long-term borrowings increased by approximately RMB 199.80 million, a rise of about 38.08%, primarily to meet operational funding needs[11]