ANG(SH:603689)2021-04-28 16:00Financial Performance - Operating revenue for the first quarter reached CNY 1,445,570,337.38, representing a 23.27% increase year-on-year [5] - Net profit attributable to shareholders increased by 37.47% to CNY 66,604,095.14 compared to the same period last year [5] - Basic earnings per share rose by 42.86% to CNY 0.20 per share [5] - The company reported a net profit excluding non-recurring gains and losses of CNY 65,449,717.82, up 35.21% year-on-year [5] - Operating profit for Q1 2021 reached CNY 89,455,800.52, representing a 35.4% increase from CNY 66,062,093.06 in Q1 2020 [28] - The company's total profit for Q1 2021 was ¥60,002,006.24, up from ¥58,906,443.17 in Q1 2020, reflecting a growth of 1.9% [31] - The net profit for Q1 2021 was ¥45,044,410.28, up from ¥43,638,905.30 in Q1 2020, reflecting a growth of 3.2% [32] Assets and Liabilities - Total assets increased by 1.66% to CNY 3,751,849,571.87 compared to the end of the previous year [5] - Total assets as of March 31, 2021, amounted to CNY 2,627,785,981.67, an increase from CNY 2,568,066,030.98 at the end of 2020 [24] - Total liabilities as of March 31, 2021, were CNY 347,507,774.14, compared to CNY 333,828,196.83 at the end of 2020, indicating a growth of 4.0% [24] - Total equity reached CNY 2,637,759,095.85, with attributable equity to shareholders at CNY 2,348,334,977.26 [40] - The total assets as of March 31, 2021, were ¥3,690,697,961.96, a slight decrease from ¥3,699,989,982.63 at the beginning of the year [39] Cash Flow - The net cash flow from operating activities decreased by 61.36% to CNY 88,008,891.54 compared to the previous year [5] - The company's operating cash flow from operating activities decreased by 61.36% to ¥88,008,891.54 due to lower gas sales and higher collections from customers [14] - Cash inflow from operating activities was ¥1,566,628,715.76 in Q1 2021, compared to ¥1,370,071,969.29 in Q1 2020, marking an increase of 14.3% [33] - The net cash flow from investing activities was -¥103,799,876.83, worsening from -¥45,995,941.82 in the same period last year [34] - The net cash flow from financing activities was -¥8,894,419.46, compared to a positive cash flow of ¥51,110,566.15 in Q1 2020 [34] Shareholder Information - The total number of shareholders at the end of the reporting period was 19,142 [10] - The largest shareholder, Anhui Energy Group Co., Ltd., holds 43.31% of the shares [10] Research and Development - Research and development expenses surged by 10,004.50% to ¥5,343,280.17 as the company intensified innovation and increased R&D projects [14] - The company reported a significant increase in research and development expenses, which rose to CNY 5,343,280.17 from CNY 52,880.22 in the previous year [28] - Research and development expenses surged to ¥5,343,280.17 in Q1 2021, a significant increase from only ¥52,880.22 in Q1 2020 [31] Financial Expenses - Financial expenses rose by 113.13% to ¥3,268,251.73 mainly due to the cessation of capitalizing interest on project loans for the Xuanning Huang branch project [14] - The financial expenses decreased to ¥39,955.59 in Q1 2021 from ¥124,856.68 in Q1 2020, a reduction of 68.0% [31] Taxation - The income tax expense increased by 34.78% to ¥24,188,261.50 due to higher profits compared to the previous year [14] - The income tax expense for Q1 2021 was ¥14,957,595.96, slightly down from ¥15,267,537.87 in Q1 2020, a decrease of 2.0% [31] - The company paid ¥42,906,855.11 in taxes during Q1 2021, compared to ¥35,907,844.01 in the same period last year, reflecting a 19.1% increase [34] Other Financial Information - The company has not disclosed any new product developments or market expansion strategies in this report [12] - The construction in progress decreased by 63.83% to ¥132,738,905.28 due to the transfer of the Xuanning Huang branch project to fixed assets [13] - Other non-current assets increased by 31.79% to ¥176,547,334.68 primarily due to an increase in advance payments for engineering projects [13] - Short-term borrowings decreased by 34.93% to ¥42,335,302.59 as the company repaid short-term loans [13] - The company reported an investment income of ¥327,359.24, a 50.95% increase compared to the previous year, attributed to higher profits from associated companies [14] - Cash outflow for capital expenditures was ¥104,913,971.40, significantly higher than ¥44,824,754.52 in Q1 2020 [34] - The company has implemented new leasing standards, which may affect future financial reporting [44]