Baosteelpackage(SH:601968)2021-04-29 16:00Financial Performance - Operating revenue rose by 53.83% to CNY 1,516,258,429.60 year-on-year[5] - Net profit attributable to shareholders surged by 516.54% to CNY 81,461,093.03[5] - Basic earnings per share increased by 400.00% to CNY 0.10[5] - Total revenue for Q1 2021 reached ¥1,516,258,429.60, a significant increase of 53.8% compared to ¥985,641,860.41 in Q1 2020[25] - Operating profit for Q1 2021 was ¥105,349,335.83, compared to ¥39,377,976.73 in Q1 2020, reflecting a growth of 168.5%[25] - Net profit for Q1 2021 was ¥90,358,181.11, up from ¥17,739,987.54 in Q1 2020, representing an increase of 408.5%[25] - The net profit for Q1 2021 was ¥17,098,469.40, compared to a net loss of ¥19,021,404.89 in Q1 2020, marking a significant turnaround[26] Assets and Liabilities - Total assets increased by 3.88% to CNY 6,708,057,169.60 compared to the end of the previous year[5] - The company's total liabilities were RMB 2,998,877,852.60, compared to RMB 2,824,607,807.38 at the end of 2020, indicating an increase in liabilities[18] - Total assets as of Q1 2021 amounted to ¥8,081,715,259.18, compared to ¥5,554,628,555.15 in the previous year, indicating a growth of 45.5%[22] - Total liabilities for Q1 2021 were ¥3,935,790,032.58, an increase from ¥3,784,040,456.34 in Q1 2020, showing a rise of 4.0%[22] - The company's equity increased to ¥4,145,925,226.60 in Q1 2021 from ¥1,770,588,098.81 in Q1 2020, marking a growth of 134.5%[22] Shareholder Information - The total number of shareholders reached 37,403 by the end of the reporting period[9] - The company issued 186,443,738 shares to China Baowu Steel Group and 82,926,002 shares to other investors as part of an asset acquisition[12] - The company issued 295,284,140 shares, increasing the total share capital to 1,132,807,440 shares[13] Cash Flow and Expenses - The company reported a net cash flow from operating activities of -CNY 73,922,610.94, a decrease of 2,209.10% compared to the previous year[5] - Cash and cash equivalents decreased to RMB 566,043,481.68 from RMB 704,933,098.60 at the end of 2020, reflecting a decline of approximately 19.6%[16] - The cash flow from operating activities showed a net outflow of ¥73,922,610.94 in Q1 2021, compared to a net inflow of ¥3,504,933.60 in Q1 2020[30] - The total operating cash outflow was ¥1,588,394,147.56 in Q1 2021, compared to ¥1,311,426,345.04 in Q1 2020, indicating increased operational costs[30] Operational Efficiency and Market Presence - The company is actively expanding its market presence and improving operational efficiency, leading to significant profit growth[11] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[25] Research and Development - Research and development expenses for Q1 2021 were ¥8,337,558.04, a decrease from ¥18,083,421.08 in Q1 2020, reflecting a reduction of 53.8%[25] - The company incurred research and development expenses of ¥1,717,894.70 in Q1 2021, a decrease of 70.9% from ¥5,897,786.14 in Q1 2020[26] Other Information - The company has no overdue commitments or significant changes in net profit compared to the same period last year[13] - The company did not report any significant new product launches or technological advancements during this quarter[26] - No applicable audit report was mentioned in the conference call[37]