Zhonggu Logistics(SH:603565)2021-04-26 16:00Financial Performance - Net profit attributable to shareholders was CNY 230,879,372.95, representing a significant increase of 208.94% year-on-year[4]. - Operating revenue for the period was CNY 2,635,547,479.58, reflecting a growth of 26.36% compared to the same period last year[4]. - Basic earnings per share rose to CNY 0.35, up 191.67% from CNY 0.12 in the same period last year[4]. - The company reported a significant increase in construction in progress by 51.10% to ¥7,476,784.12 from ¥4,948,337.80, attributed to increased fixed asset investments[10]. - Operating profit for Q1 2021 was ¥309,136,698.95, compared to ¥99,960,460.78 in Q1 2020, indicating a significant increase of 209.5%[20]. - Net profit for Q1 2021 reached ¥231,554,661.33, up from ¥74,712,385.32 in Q1 2020, representing a growth of 209.5%[20]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 11,623,518,305.68, an increase of 0.54% compared to the end of the previous year[4]. - Current assets totaled ¥5,187,080,952.87, a decrease from ¥5,631,569,099.76, indicating a decline of about 7.88%[14]. - Non-current assets amounted to ¥6,436,437,352.81, up from ¥5,929,324,837.32, representing an increase of approximately 8.54%[14]. - Total liabilities decreased to ¥6,189,695,108.83 from ¥6,358,629,710.67, showing a reduction of about 2.66%[15]. - Total liabilities increased to ¥6,892,282,855.70 in Q1 2021 from ¥5,401,327,474.71 in Q1 2020, marking a rise of 27.5%[18]. - The company’s total liabilities included accounts payable of CNY 1,752,571,683.29 as of Q1 2021[30]. Cash Flow - The net cash flow from operating activities was CNY 203,453,612.51, a decrease of 36.75% compared to the previous year[4]. - Cash flow from operating activities for Q1 2021 was CNY 203,453,612.51, down from CNY 321,656,770.07 in Q1 2020[25]. - The net cash flow from operating activities for Q1 2021 was CNY 1,457,970,098.10, a significant increase from CNY 379,771,802.79 in Q1 2020, representing a growth of approximately 284%[27]. - The company reported a decrease in net cash flow from investing activities, with a net outflow of CNY 2,275,408,120.55 in Q1 2021[25]. - The cash inflow from financing activities in Q1 2021 was CNY 100,000,000.00, down from CNY 350,000,000.00 in Q1 2020[28]. Shareholder Information - The total number of shareholders at the end of the reporting period was 10,620[6]. - The largest shareholder, Zhongguo Shipping Group Co., Ltd., held 63.45% of the shares[7]. - Shareholders' equity rose to ¥5,433,823,196.85 from ¥5,202,264,226.41, marking an increase of approximately 4.46%[16]. - Total equity attributable to shareholders reached ¥5,171,184,165.99, remaining stable with no significant changes[31]. Research and Development - Research and development expenses surged by 90.52% to ¥5,506,301.27 from ¥2,890,119.21, reflecting increased investment in R&D[11]. - Research and development expenses in Q1 2021 amounted to ¥5,506,301.27, which is an increase of 90.5% from ¥2,890,119.21 in Q1 2020[19]. - Research and development expenses increased to CNY 5,289,504.96 in Q1 2021, up from CNY 3,106,252.64 in Q1 2020, indicating a focus on innovation[22]. Government Subsidies and Other Income - The company received government subsidies amounting to CNY 26,875,310.94, which are closely related to its normal business operations[5]. - Other income decreased by 49.54% to ¥26,875,310.94 from ¥53,265,884.38, primarily due to a reduction in government subsidies received during the reporting period[11]. Taxation - Income tax expenses increased by 206.03% to ¥77,083,238.84 from ¥25,187,881.22, driven by a rise in profits compared to the previous year[11]. - The company’s tax expenses for Q1 2021 were CNY 53,487,823.12, significantly higher than CNY 5,093,844.58 in Q1 2020, indicating improved profitability[22].