SOFE(SZ:000852)2021-04-29 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥1,278,115,845.20, representing a 0.90% increase compared to ¥1,266,737,054.58 in the same period last year[8] - Net profit attributable to shareholders was ¥1,695,917.43, a significant turnaround from a loss of ¥14,226,149.16, marking an increase of 111.92%[8] - The company's operating profit for the current period is 6,065,644.75, compared to 1,019,494.24 in the previous period, indicating a significant increase[64] - Net profit for the current period is 4,016,241.23, a turnaround from a net loss of -3,133,303.52 in the previous period[64] - The company's total profit for the current period is 5,811,870.49, compared to 621,882.48 in the previous period, showing a substantial increase[64] - Basic earnings per share for the current period is 0.0022, recovering from a loss of -0.0183 in the previous period[67] Cash Flow - The net cash flow from operating activities was -¥106,251,047.46, a decline of 186.60% compared to ¥122,693,623.78 in the previous year[8] - Cash flow from operating activities is reported at 722,839,944.85, down from 824,973,963.32 in the previous period[75] - The company reported a net cash flow from operating activities of -¥125,019,119.09, compared to a positive cash flow of ¥160,885,930.84 in the prior year[82] - Cash inflow from financing activities increased to ¥1,390,770,000.00 from ¥858,000,000.00, marking a growth of approximately 62%[81] - Cash outflow for debt repayment was ¥1,220,000,000.00, up from ¥675,000,000.00, indicating a rise of about 80.8%[81] - Cash inflow from investment activities was ¥1,463,250,266.02, down from ¥1,655,336,729.56, reflecting a decline of approximately 11.6%[85] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,383,253,803.63, up 2.18% from ¥8,204,689,194.21 at the end of the previous year[8] - Total liabilities increased to RMB 6,427,678,255.63 from RMB 6,241,304,655.26, marking a rise of approximately 3.0%[47] - The company's current liabilities totaled RMB 6,372,338,263.56, compared to RMB 6,189,795,085.32, reflecting an increase of about 3.0%[46] - Total assets as of March 31, 2021, were RMB 8,383,253,803.63, up from RMB 8,204,689,194.21 at the end of 2020, indicating an increase of about 2.2%[44] Shareholder Information - The total number of shareholders at the end of the reporting period was 32,713[12] - The largest shareholder, China Petroleum & Chemical Corporation, holds 58.74% of the shares, totaling 456,756,300 shares[19] - The company plans to issue non-public shares to no more than 35 specific investors, including Sinopec Group Capital Co., with a total fundraising amount not exceeding RMB 1 billion and a maximum of 233,281,499 shares to be issued[24] Research and Development - The company's R&D expenses decreased by 62.90% to ¥34,398,740.17 from ¥92,717,020.00 in the previous year[23] - Research and development expenses for the quarter were CNY 34,398,740.17, significantly lower than CNY 92,717,020.00 in the previous period[61] - The company’s research and development expenses decreased to 7,466,624.16 from 9,812,824.47, a decline of about 24%[68] Other Financial Metrics - The weighted average return on equity improved to 0.09% from -79.39% in the previous year, an increase of 79.48%[8] - The net profit margin for the first quarter was impacted by an increase in operating costs, which totaled CNY 1,277,620,707.69, compared to CNY 1,266,337,144.41 in the previous period[61] - The company reported a decrease in unallocated profits, with a figure of CNY -448,318,775.30 compared to CNY -461,654,957.13 previously[57]