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[8]. - Operating revenue rose by 4.67% to CNY 2.78 billion compared to the previous year[8]. - Basic earnings per share increased by 15.18% to CNY 0.024096[8]. - The company reported a net profit of CNY 2,775,954,734.82 for the first quarter, compared to CNY 2,652,085,327.56 in the same period last year, reflecting a growth of about 4.7%[41]. - Net profit for Q1 2021 reached CNY 584,519,283.40, up from CNY 503,945,049.81 in the same period last year, representing a growth of approximately 15.9%[42]. - The total profit for Q1 2021 was CNY 749,860,410.42, compared to CNY 638,261,035.59 in Q1 2020, representing an increase of about 17.5%[42]. - The total comprehensive income for Q1 2021 was CNY 584,968,997.66, compared to CNY 502,150,625.42 in Q1 2020, reflecting an increase of about 16.4%[43]. Cash Flow - Net cash flow from operating activities decreased by 63.52% to CNY 119.72 million compared to the same period last year[6]. - The group's net cash inflow from operating activities was RMB 119,715,926.83, a decrease of 64% year-on-year, mainly due to prior year trade receivables and early payment of annual bonuses[27]. - The net cash flow from operating activities was 119,715,926.83 RMB, a decrease of 63.5% compared to 328,200,699.89 RMB in the same period last year[47]. - The company reported a net cash flow from operating activities of -87,308,844.59 RMB, compared to a positive cash flow of 17,691,579.90 RMB in the same quarter last year[49]. - The net cash flow from financing activities was -306,600,540.51 RMB, an improvement from -641,825,668.54 RMB in the same quarter last year[48]. Assets and Liabilities - Total assets increased by 1.60% to CNY 56.33 billion compared to the end of the previous year[6]. - The company's total liabilities amounted to 17,511,399,648.10 RMB, an increase from 17,180,588,801.17 RMB year-on-year[37]. - The company's equity attributable to shareholders increased to 35,551,670,211.55 RMB from 34,996,055,699.53 RMB year-on-year[37]. - The total liabilities amounted to CNY 10,074,231,998.30, slightly increasing from CNY 10,071,494,711.66, showing a marginal growth of about 0.02%[39]. - The company's total current asset was 11,761,362,613.53 RMB, an increase from 11,181,229,908.30 RMB year-on-year[35]. - Non-current assets totaled 44,568,286,597.28 RMB, up from 44,262,218,397.80 RMB year-on-year[36]. Shareholder Information - The total number of shareholders at the end of the reporting period was 291,765[11]. - The top three shareholders held a combined 76.03% of the shares, indicating significant ownership concentration[11]. Operational Efficiency - The company plans to continue expanding its market presence and enhancing operational efficiency in the upcoming quarters[6]. - The company plans to expand its market presence and enhance operational efficiency through new strategies and technology development[31]. Research and Development - The group's research and development expenses for Q1 2021 were RMB 1,237,407.98, a decrease of 62% compared to the same period last year, primarily due to the exclusion of an IT company from the consolidation scope[23]. Inventory and Receivables - The group'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[16]. - The total inventory increased to CNY 42,533,734.77 from CNY 40,870,821.57, a growth of about 4.1%[38].