BGE(SH:603588)2021-04-08 16:00Financial Performance - Operating revenue increased by 55.57% to CNY 1,264,614,148.79 year-on-year[12] - Net profit attributable to shareholders increased by 69.22% to CNY 119,219,094.05 compared to the same period last year[12] - Basic earnings per share increased by 37.74% to CNY 0.146 per share compared to the previous year[12] - Net profit doubled, increasing by 102.63% year-on-year to RMB 13,484.15 million, primarily due to higher operating income[22] - Net profit for Q1 2021 was CNY 134,841,504.58, up from CNY 66,546,123.56 in Q1 2020, indicating a growth of approximately 102.4%[46] - Total profit reached ¥45.71 million, up from ¥34.38 million, marking a year-over-year increase of 33.0%[52] - Net profit for the period was ¥39.25 million, compared to ¥29.09 million in the previous year, reflecting a growth of 35.1%[52] Cash Flow - Net cash flow from operating activities rose by 44.14% to CNY 120,828,729.10 year-on-year[12] - Cash flow from operating activities improved by 44.14% year-on-year, reaching RMB 12,082.87 million, mainly from the recovery of project payments[25] - Cash inflow from operating activities generated ¥120.83 million, an increase from ¥83.83 million year-over-year, indicating a growth of 44.4%[54] - Cash inflow from investing activities amounted to $57,747,126.15, while cash outflow was $42,327,358.17, resulting in a net cash inflow of $15,419,767.98[60] - Cash inflow from financing activities was $303,365,521.37, a decrease of 4% from $315,962,839.21 in the previous period[60] - The company reported a total cash decrease of $366,468,311.76, compared to a decrease of $321,597,675.80 in the prior year[60] Assets and Liabilities - Total assets decreased by 2.49% to CNY 15,045,557,279.90 compared to the end of the previous year[12] - Total liabilities decreased from 10,095,834,149.05 to 9,558,719,032.79, a reduction of approximately 5.3%[34] - Current liabilities decreased from 5,236,555,734.63 to 4,723,383,371.38, representing a decline of about 9.8%[34] - Total equity increased from 5,334,415,395.25 to 5,486,838,247.11, reflecting an increase of about 2.8%[36] - The total liabilities decreased to CNY 5,937,182,622.88 in Q1 2021 from CNY 6,814,370,962.48 in Q1 2020, a reduction of about 12.9%[46] Shareholder Information - The number of shareholders at the end of the reporting period was 30,141[17] - The largest shareholder, Li Weiguo, holds 19.36% of the shares, totaling 157,228,373 shares[17] Operating Costs and Expenses - Operating costs rose by 53.80% year-on-year to RMB 92,639.43 million, correlating with the increase in operating revenue[22] - Research and development expenses grew by 33.93% year-on-year to RMB 3,289.81 million, reflecting increased investment in R&D[22] - Other income saw a significant increase of 107.92% year-on-year, totaling RMB 837.92 million, mainly from government subsidies[22] - Research and development expenses for Q1 2021 totaled CNY 32,898,149.45, up from CNY 24,563,176.16 in Q1 2020, which is an increase of approximately 33.9%[46] Cash and Cash Equivalents - Cash and cash equivalents decreased by 30.92% to CNY 89,566,960.00 due to repayment of part of green corporate bonds[18] - Cash and cash equivalents decreased from 671,211,678.67 to 306,506,951.66, a decline of approximately 54.4%[36] - The company’s cash and cash equivalents at the end of the period totaled ¥818.78 million, compared to ¥763.20 million at the end of the previous year, showing an increase of 7.3%[56] - The ending cash and cash equivalents balance was $249,064,935.70, up from $193,762,838.99 in the previous period[60] Government Subsidies - The company received government subsidies amounting to CNY 4,719,568.61 during the reporting period[15] - Investment income rose by 77.00% year-on-year to RMB 3,027.30 million, attributed to the disposal of certain investments and profitable futures trading[22]