SHBT(SH:603009)2021-04-26 16:00Financial Performance - Operating revenue rose by 75.78% to CNY 429,250,667.40 year-on-year[5] - Net profit attributable to shareholders increased by 340.82% to CNY 22,338,716.45 compared to the same period last year[5] - Basic earnings per share increased by 341.13% to CNY 0.0622[5] - The company's operating revenue for Q1 2021 reached ¥429,250,667.40, a significant increase of 75.78% compared to ¥244,195,955.45 in Q1 2020, driven by market recovery and new project launches[16] - Net profit for Q1 2021 reached CNY 20,129,107.22, compared to CNY 3,798,971.81 in Q1 2020, representing a significant increase of 429.5%[33] - Earnings per share for Q1 2021 was CNY 0.0622, up from CNY 0.0141 in Q1 2020[34] - The company reported a total comprehensive income of CNY 5,856,389.44, compared to a loss of CNY 2,875,769.33 in Q1 2020[38] Assets and Liabilities - Total assets increased by 0.69% to CNY 3,302,200,741.19 compared to the end of the previous year[5] - Total current assets increased to ¥1,525,230,765.11 from ¥1,487,874,821.63, representing a growth of approximately 2.3%[26] - Total liabilities increased marginally to ¥1,728,181,836.10 from ¥1,723,080,031.82, reflecting a growth of about 0.3%[27] - Non-current assets decreased to ¥1,776,969,976.08 from ¥1,791,595,008.05, indicating a decline of approximately 0.8%[26] - The company's equity attributable to shareholders increased to ¥1,504,399,344.95 from ¥1,486,779,528.74, a rise of approximately 1.0%[27] - The total equity increased to ¥1,574,018,905.09 from ¥1,556,389,797.86, representing a growth of approximately 1.1%[28] Cash Flow - Net cash flow from operating activities decreased by 23.79% to CNY 75,231,668.70[5] - The net cash flow from operating activities was CNY 75,231,668.70 in Q1 2021, down from CNY 98,713,160.99 in Q1 2020, indicating a decline of about 23.7%[41] - Cash inflows from operating activities amounted to CNY 396,960,047.16 in Q1 2021, up from CNY 321,993,413.45 in Q1 2020, representing a growth of approximately 23.2%[40] - The company reported a net cash flow from investing activities of -CNY 40,309,274.61 in Q1 2021, compared to -CNY 29,887,853.54 in Q1 2020, indicating an increase in cash outflow from investments[41] - Cash inflows from financing activities were CNY 30,796,228.26 in Q1 2021, a decrease from CNY 191,326,849.60 in Q1 2020, representing a decline of about 83.9%[41] - The net cash flow from financing activities was -CNY 30,000,850.45 in Q1 2021, compared to a positive cash flow of CNY 31,308,855.33 in Q1 2020[41] Shareholder Information - The total number of shareholders reached 27,580 at the end of the reporting period[11] - The largest shareholder, Jin Kun, holds 31.77% of the shares, with 88,766,555 shares pledged[12] Operational Insights - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[5] - Operating costs for Q1 2021 were ¥344,387,853.88, up 69.95% from ¥202,645,375.78 in Q1 2020, indicating improved scale efficiency as the cost increase was lower than revenue growth[16] - The company received government subsidies, resulting in other income rising by 35.18% to ¥1,890,590.74 compared to ¥1,398,559.06 in Q1 2020[16] - Research and development expenses for Q1 2021 were CNY 16,190,864.75, up from CNY 13,936,002.50 in Q1 2020, indicating a focus on innovation[32] Legal and Acquisition Matters - The company has terminated the acquisition of a 55% stake in Jiangsu Erhuajie Energy Equipment Co., Ltd. due to disagreements with other shareholders regarding business plans[21] - The company is currently involved in litigation related to a merger dispute, with no resolution as of the report date, which may impact future profits[19]