ZPEC(SH:603637)2021-04-15 16:00Financial Performance - Operating revenue for the reporting period reached CNY 174,979,482.76, representing a significant increase of 90.08% year-on-year[5]. - Net profit attributable to shareholders of the listed company was CNY 9,654,382.67, up 135.14% compared to the same period last year[5]. - Basic and diluted earnings per share both increased to CNY 0.04, a 100% increase from CNY 0.02 in the same period last year[5]. - The company's operating revenue for Q1 2021 reached CNY 174,979,482.76, representing a 90.08% increase compared to CNY 92,055,404.25 in Q1 2020, primarily due to significant growth in engineering contracting business[13]. - The net profit for Q1 2021 reached CNY 9,654,382.67, compared to CNY 4,105,851.56 in Q1 2020, indicating a growth of about 135%[25]. - The total profit for Q1 2021 was CNY 11,352,237.23, compared to CNY 4,757,303.89 in Q1 2020, showing an increase of approximately 138%[24]. Cash Flow - Net cash flow from operating activities was CNY 34,579,009.88, a turnaround from a negative cash flow of CNY -37,312,213.13 in the previous year, marking an increase of 192.67%[5]. - The company's cash inflow from operating activities in Q1 2021 was CNY 254,131,171.45, an increase of 20.7% compared to CNY 210,576,776.60 in Q1 2020[29]. - The net cash flow from operating activities was CNY 34,579,009.88, a significant improvement from a negative CNY 37,312,213.13 in the same period last year[29]. - The company experienced a net decrease in cash and cash equivalents of CNY 17,440,401.56 during the quarter, an improvement from a decrease of CNY 74,704,636.09 in Q1 2020[30]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,355,767,999.48, a decrease of 2.10% compared to the end of the previous year[5]. - The total assets as of March 31, 2021, were CNY 1,339,469,091.49, down from CNY 1,370,331,593.32 at the end of 2020[22]. - Total liabilities as of March 31, 2021, were CNY 559,720,330.59, slightly decreased from CNY 560,000,946.94 at the end of 2020[22]. - The company's equity attributable to shareholders was CNY 779,748,760.90 as of March 31, 2021, down from CNY 810,330,646.38 at the end of 2020[23]. Shareholder Information - The total number of shareholders at the end of the reporting period was 8,640[10]. - The largest shareholder, Ningbo Shuntong Group Co., Ltd., held 27,990,505 shares, accounting for 11.49% of the total shares[10]. - The company repurchased 4,992,496 shares as part of its share buyback plan, with a total expenditure of CNY 60 million, aiming to enhance shareholder value[15]. Research and Development - Research and development expenses increased by 55.41% to CNY 4,212,706.94 from CNY 2,710,720.29, indicating a focus on innovation and technology development[13]. - Research and development expenses for Q1 2021 amounted to CNY 4,212,706.94, compared to CNY 2,710,720.29 in Q1 2020, representing a 55.2% increase[23]. Investment Activities - Investment income surged to CNY 6,146,488.78, a staggering increase of 614,548.88% compared to CNY 1,000.00, due to the sale of equity in a subsidiary[14]. - The company plans to transfer its equity in two subsidiaries for a total of CNY 36.38 million, indicating a strategic move to optimize its investment portfolio[15]. - The company's long-term equity investments decreased to CNY 0 from CNY 28,916,377.51, reflecting the sale of a subsidiary's equity[19]. Inventory and Operating Costs - Inventory levels rose significantly by 169.69% to CNY 5,342,768.50 from CNY 1,981,077.62, primarily due to increased materials for contracting projects[13]. - The gross profit margin increased as operating costs rose to CNY 164,879,304.18, an 85.16% increase from CNY 89,048,191.05 in the previous year, reflecting the corresponding rise in revenue[13]. - Total operating costs for Q1 2021 were CNY 170,995,804.18, up from CNY 89,861,917.07 in Q1 2020, reflecting an increase of 90.5%[23].