一汽解放(000800) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥45,100,267,622.18, representing a 57.89% increase compared to ¥28,563,529,423.06 in the same period last year[3]. - Net profit attributable to shareholders for Q1 2021 reached ¥1,787,552,509.24, a significant increase of 879.51% from ¥182,494,179.53 in the previous year[3]. - Basic earnings per share for Q1 2021 were ¥0.3878, up 879.29% from ¥0.0396 in the previous year[3]. - The net profit after deducting non-recurring gains and losses was ¥1,753,811,674.55, compared to a loss of -¥530,217,218.90 in the same period last year, marking a 430.77% increase[3]. - The net profit for Q1 2021 was ¥2,069,617,790.66, a substantial rise from ¥474,757,656.38 in Q1 2020, reflecting an increase of approximately 336.5%[27]. - Net profit attributable to shareholders was approximately ¥1.79 billion, a significant increase from ¥150 million in Q1 2020[28]. Cash Flow - The net cash flow from operating activities was ¥4,038,764,487.56, showing a 299.53% improvement compared to -¥2,024,154,380.07 in the same period last year[3]. - Cash and cash equivalents net increase reached ¥3,947,213,964.80, a 301.26% rise, mainly from cash generated from operating activities[15]. - The net cash flow from operating activities for the first quarter of 2021 was ¥4,038,764,487.56, a significant improvement compared to a net outflow of ¥2,024,154,380.07 in the same period last year[33]. - The company experienced a net increase in cash and cash equivalents of ¥3,947,213,964.80, compared to a net decrease of ¥1,961,293,947.45 in the previous year[33]. Assets and Liabilities - Total assets at the end of the reporting period were ¥87,855,553,732.14, a 36.77% increase from ¥64,237,522,674.22 at the end of the previous year[3]. - Total current assets reached ¥69.55 billion, up from ¥46.39 billion, indicating a growth of approximately 49.9%[22]. - Total liabilities increased to ¥61.47 billion from ¥39.68 billion, which is an increase of approximately 55.0%[24]. - The company's equity attributable to shareholders rose to ¥26.38 billion from ¥24.56 billion, showing an increase of approximately 7.4%[24]. - The total assets as of March 31, 2021, were ¥87.86 billion, compared to ¥64.24 billion at the end of 2020, reflecting an increase of approximately 36.8%[24]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 83,970, with the top 10 shareholders holding a combined 83.42% of the shares[6]. - The company did not engage in any repurchase transactions during the reporting period[9]. Inventory and Receivables - Accounts receivable increased by 151.98% to ¥1,954,720,934.62, primarily due to an increase in receivables from sales[12]. - Notes receivable surged by 752.55% to ¥30,315,808,765.47, mainly from an increase in bank acceptance bills received[12]. - Inventory decreased by 34.77% to ¥13,020,916,097.47, attributed to a reduction in finished vehicle inventory[12]. Operating Costs - Operating costs increased by 59.53% to ¥41,632,643,396.55, also due to higher sales volume[13]. - Operating costs for Q1 2021 were ¥43,210,888,392.83, compared to ¥28,198,358,936.85 in Q1 2020, indicating an increase of about 53.2%[27]. Other Financial Metrics - The weighted average return on equity increased to 7.02%, up 6.29 percentage points from 0.73% in the previous year[3]. - The company reported non-recurring gains of ¥41,067,302.55 mainly from government subsidies and other compensations[4]. - Research and development expenses for Q1 2021 were ¥524,143,671.57, up from ¥479,090,916.17 in Q1 2020, indicating an increase of approximately 9.4%[27]. Compliance and Adjustments - The company adjusted its financial statements in accordance with new leasing standards, impacting the balance sheet[35]. - The company implemented new leasing standards effective January 1, 2021, impacting the balance sheet with right-of-use assets of CNY 57,928,433.17[40]. - The company has not made any adjustments to prior period comparative data under the new leasing standards[43].