SMEIC(SH:900925)2021-04-28 16:00Financial Performance - Operating revenue for the period reached CNY 4,656,235,905.77, a significant increase of 49.21% compared to the same period last year[6] - Net profit attributable to shareholders surged by 136.42% to CNY 252,054,818.97 year-on-year[6] - Net profit excluding non-recurring gains and losses increased by 171.45% to CNY 240,990,106.44 compared to the previous year[6] - Basic and diluted earnings per share increased by 150.00% to CNY 0.25 per share[6] - Operating profit for Q1 2021 was ¥436,210,496.75, up 136.5% from ¥184,497,991.55 in Q1 2020[22] - Net profit for Q1 2021 amounted to ¥384,309,523.34, representing a 135.0% increase from ¥162,676,181.82 in Q1 2020[22] - Earnings per share for Q1 2021 were ¥0.25, compared to ¥0.10 in Q1 2020, reflecting a 150% increase[23] - The total profit for Q1 2021 was CNY 22,371,503.46, a decrease of 20.5% compared to CNY 27,989,275.80 in Q1 2020[24] - The net profit for Q1 2021 was CNY 21,300,450.67, down 20.4% from CNY 26,762,720.62 in Q1 2020[24] Assets and Liabilities - Total assets increased by 1.02% to CNY 36,540,802,779.35 compared to the end of the previous year[6] - Current assets totaled ¥29.98 billion, slightly up from ¥29.68 billion, indicating a growth of about 1.02%[15] - Total liabilities stood at ¥21.77 billion, a slight decrease from ¥21.78 billion, indicating a reduction of about 0.05%[16] - The company's equity attributable to shareholders increased to ¥12.18 billion from ¥11.93 billion, reflecting a growth of approximately 2.09%[16] - Total liabilities decreased to ¥603,190,751.43 in Q1 2021 from ¥612,643,442.12 in Q1 2020, a reduction of 1.5%[19] - Total equity increased to ¥10,421,472,362.15 in Q1 2021, up from ¥10,400,171,911.48 in Q1 2020, indicating a growth of 0.2%[19] Cash Flow - Cash flow from operating activities improved, with a reduction in outflow to CNY -1,452,306,255.20 from CNY -1,782,523,745.75 in the previous year[6] - Cash inflow from operating activities in Q1 2021 was CNY 5,718,135,106.34, an increase of 34.7% from CNY 4,246,185,380.94 in Q1 2020[27] - Cash outflow from operating activities in Q1 2021 totaled CNY 7,170,441,361.54, up 19.0% from CNY 6,028,709,126.69 in Q1 2020[27] - The net cash flow from operating activities for Q1 2021 was -CNY 1,452,306,255.20, an improvement from -CNY 1,782,523,745.75 in Q1 2020[27] - The cash and cash equivalents at the end of Q1 2021 were CNY 6,704,801,445.03, down from CNY 7,159,498,447.62 at the end of Q1 2020[28] - The company reported a decrease in cash inflow from investment activities, totaling CNY 290,282,664.30 in Q1 2021, down from CNY 1,273,658,524.32 in Q1 2020[28] Shareholder Information - The company reported a total of 68,767 shareholders at the end of the reporting period[9] - Shanghai Electric Group Co., Ltd. holds 48.02% of the shares, making it the largest shareholder[9] Research and Development - Research and development expenses for Q1 2021 were ¥121,820,093.71, an increase of 29.5% from ¥94,150,725.19 in Q1 2020[21] Accounting Standards and Reporting - The company implemented new lease accounting standards starting in 2021, with no applicable adjustments to prior financial statements[32] - The first quarter report for 2021 does not include any applicable audit reports[32] - There were no retrospective adjustments to prior comparative data due to the new lease accounting standards[32] - The company did not provide any specific performance summaries or user data in this document[32] - Future outlook and performance guidance were not discussed in the provided content[32] - There were no mentions of new product or technology developments in the report[32] - Market expansion and acquisition strategies were not addressed in the document[32] - The report indicates that the new lease standards were not applicable for retrospective adjustments[32] - The company did not disclose any new strategies in the provided content[32] - Overall, the document primarily focuses on the implementation of new accounting standards without detailed financial performance metrics[32]