2021-04-28 16:00Financial Performance - Net profit attributable to shareholders increased by 15.18% to CNY 545.13 million compared to the same period last year [5]. - Operating income for the first quarter was CNY 2.78 billion, representing a 4.67% increase year-on-year [5]. - Basic earnings per share rose by 15.18% to CNY 0.024096 [5]. - The weighted average return on net assets increased by 0.27 percentage points to 1.55% [5]. - The company reported non-operating income of CNY 203.98 million, primarily from government subsidies and other non-recurring gains [7]. Asset and Shareholder Information - Total assets increased by 1.60% to CNY 56.33 billion compared to the end of the previous year [4]. - The total number of shareholders at the end of the reporting period was 291,765 [8]. - The top three shareholders held a combined 76.03% of the shares, with Yingkou Port Group holding 30.57% [8]. Cash Flow and Investment Activities - Net cash flow from operating activities decreased by 63.52% to CNY 119.72 million compared to the previous year [4]. - The company's net cash inflow from operating activities for Q1 2021 was RMB 119,715,926.83, a decrease of 64% year-on-year, primarily due to prior year trade receivables and early payment of annual bonuses [24]. - The company's net cash outflow from investment activities for Q1 2021 was RMB 1,812,575,620.62, an increase of 43% year-on-year, mainly due to increased net expenditure on structured deposits [25]. - The company's net cash outflow from financing activities for Q1 2021 was RMB 306,600,540.51, a decrease of 52% year-on-year, primarily due to the repayment of bank loans and dividend payments in the previous year [26]. Accounts and Borrowings - As of March 31, 2021, the company's accounts receivable reached RMB 2,511,359,232.39, reflecting a 32% increase from the beginning of the year, mainly due to concentrated collections at the end of the previous year and unbilled revenue from crude oil storage services [13]. - As of March 31, 2021, the company's short-term borrowings were RMB 0.00, a decrease of 100% compared to the beginning of the year, due to the repayment of bank short-term loans [16]. Capital and Expenses - As of March 31, 2021, the company's capital stock was RMB 22,623,429,453.00, an increase of 75% compared to the beginning of the year, mainly due to the stock issuance for the merger with Yingkou Port [18]. - The company's research and development expenses for Q1 2021 were RMB 1,237,407.98, a decrease of 62% year-on-year, primarily due to the exclusion of an IT enterprise from the consolidation scope [20]. Fair Value and Impairment - The company's fair value changes in profit and loss for Q1 2021 were RMB 0.00, a decrease of 100% year-on-year, as all held stocks were sold at the end of the previous year [21]. - The company's credit impairment gain for Q1 2021 was RMB 10,930,556.10, compared to a loss of RMB 15,489,644.15 in the same period last year, mainly due to the recovery of large overdue receivables [21]. Merger and Gains - The company completed the absorption merger with Yingkou Port Co., resulting in a gain of CNY 181.57 million [6].