SCMF(SZ:000731)2021-04-26 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥781,927,197.57, representing a 37.60% increase compared to ¥568,276,647.01 in the same period last year[9] - Net profit attributable to shareholders for Q1 2021 reached ¥51,751,698.68, a significant increase of 635.27% from ¥7,038,490.67 in Q1 2020[9] - The net profit after deducting non-recurring gains and losses was ¥46,481,393.02, up 405.54% from ¥9,194,487.11 in the previous year[9] - Basic earnings per share for Q1 2021 were ¥0.0875, a 635.29% increase from ¥0.0119 in Q1 2020[9] - Net profit for Q1 2021 was CNY 60.61 million, compared to a net loss of CNY 2.81 million in Q1 2020, indicating a strong turnaround[38] - The profit attributable to shareholders of the parent company was CNY 51.75 million, compared to CNY 7.04 million in the previous year[38] Cash Flow - The net cash flow from operating activities improved to ¥15,008,822.46, compared to a negative cash flow of ¥102,565,422.47 in the same quarter last year, marking a 114.63% increase[9] - Net cash flow from operating activities increased by 117.57 million yuan, up 115%, due to higher cash received from sales exceeding cash paid for purchases[17] - The net cash flow from operating activities for Q1 2021 was ¥24,021,171.80, a significant improvement compared to a net outflow of ¥130,607,300.96 in the same period last year[43] - Total cash inflow from operating activities reached ¥556,984,241.62, up from ¥329,571,318.98 year-over-year, indicating a growth of approximately 69%[43] - The company reported cash inflow from investment activities of ¥503,397,734.05, with a net cash flow from investment activities of ¥963,389.79, a recovery from a net outflow of ¥279,467,916.10 in the previous year[43] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,890,262,698.11, a decrease of 2.84% from ¥4,004,158,093.60 at the end of the previous year[9] - Total liabilities decreased to CNY 856,020,251.63 from CNY 1,034,358,033.79, marking a reduction of about 17.2%[33] - The company's cash and cash equivalents decreased to CNY 553,061,861.26 from CNY 594,017,445.41, a decline of approximately 6.9%[31] - The total current liabilities decreased to CNY 570,735,419.34 from CNY 748,454,777.41, indicating a decline of approximately 23.8%[33] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 46,703[13] - The largest shareholder, Chengdu Huachuan Petroleum and Natural Gas Exploration and Development Co., Ltd., held 12.18% of the shares, totaling 72,053,552 shares[13] Research and Development - Research and development expenses increased by 0.89 million yuan, up 152%, indicating a rise in R&D investment[17] - Research and development expenses increased to CNY 1.47 million from CNY 0.58 million, highlighting the company's commitment to innovation[36] Inventory and Operating Costs - Inventory increased by 95.47 million yuan, up 52%, as the company plans to develop real estate on its owned land[17] - Total operating costs amounted to CNY 720.62 million, up from CNY 566.49 million, reflecting a significant increase in operating costs[36] Investment Income - Investment income increased by 5.19 million yuan, up 1467%, due to profits from equity-method accounted investees and structured deposits[17] - The company reported a significant increase in investment income, reaching CNY 5.54 million compared to CNY 0.35 million in the previous year[36] Other Financial Metrics - The company reported a decrease in sales expenses by 14.4 million yuan, down 52%, as transportation costs were reclassified into operating costs[17] - Other comprehensive income after tax was CNY 0.69 million, compared to a loss of CNY 0.82 million in the same period last year[38] - The company incurred a financial expense of -¥1,720,705.38, a decrease from ¥162,060.02 in the previous year, indicating improved financial management[39] Future Outlook - The company expects net profit attributable to shareholders to reach 6.5 million yuan, representing a growth of 60.11% to 109.38% compared to the previous year[23]