GEM(SZ:002340)2021-04-14 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥3,729,914,036.91, representing a 62.71% increase compared to ¥2,292,324,793.56 in the same period last year[3]. - Net profit attributable to shareholders for Q1 2021 was ¥275,854,499.12, a significant increase of 150.42% from ¥110,154,797.07 in the previous year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥253,745,110.44, up 155.34% from ¥99,375,774.29 year-on-year[3]. - Basic and diluted earnings per share for Q1 2021 were both ¥0.06, doubling from ¥0.03 in the previous year[3]. - The company expects a significant increase in net profit for the first half of 2021, projecting a growth of 120% compared to the same period last year[20]. - The net profit for the first quarter of 2021 was CNY 291,775,589.80, a significant increase from CNY 113,914,826.68 in the same period last year, representing a growth of approximately 156.5%[34]. - The total comprehensive income for the first quarter was CNY 292,819,616.58, compared to CNY 107,806,777.35 in the previous year, showing an increase of approximately 171.5%[35]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 65.18%, amounting to ¥30,248,957.00 compared to ¥86,865,959.41 in the same period last year[3]. - Cash received from sales of goods and services rose by 43.82% year-on-year, attributed to the expanded sales scale[12]. - The cash flow from operating activities was CNY 3,397,614,550.21, compared to CNY 2,362,483,243.57 in the previous year, reflecting an increase of about 43.7%[38]. - The ending balance of cash and cash equivalents was CNY 3,966,841,069.10, up from CNY 3,407,157,027.62 in the previous year, indicating a growth of about 16.4%[40]. - The company reported a net increase in cash and cash equivalents of CNY 44,255,319.01, a significant decrease from CNY 524,751,202.49 in the same quarter last year, reflecting a decline of approximately 91.6%[40]. Assets and Liabilities - Total assets at the end of the reporting period were ¥31,491,017,820.91, a 6.00% increase from ¥29,708,301,654.45 at the end of the previous year[3]. - The total liabilities of the company reached CNY 16.97 billion, compared to CNY 15.62 billion, reflecting a growth of about 8.66%[28]. - The company's long-term borrowings increased significantly to CNY 1.27 billion from CNY 911.50 million, indicating a rise of approximately 39.14%[28]. - The total liabilities as of March 31, 2021, were CNY 6,944,416,188.90, compared to CNY 6,708,790,741.45 at the end of 2020, indicating an increase of about 3.51%[32]. - The total assets as of March 31, 2021, amounted to CNY 17,586,923,170.61, up from CNY 17,319,343,206.05 at the end of 2020, reflecting a growth of approximately 1.54%[31]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 392,994[7]. - The largest shareholder, Shenzhen Huifengyuan Investment Co., Ltd., held 9.92% of the shares, amounting to 474,529,720 shares[7]. - The net assets attributable to shareholders at the end of the reporting period were ¥13,607,211,932.16, reflecting a 2.24% increase from ¥13,309,670,620.76 at the end of the previous year[3]. Research and Development - Research and development expenses surged by 104.09% year-on-year, reflecting increased investment in battery materials and raw materials[11]. - Research and development expenses for Q1 2021 were CNY 133,478,714.71, significantly higher than CNY 65,401,392.11 in Q1 2020, indicating a year-over-year increase of approximately 103.5%[33]. - Research and development expenses increased significantly to CNY 12,836,996.41 from CNY 1,215,031.06, representing a growth of about 958.5%[36]. Operational Highlights - Operating revenue grew by 62.71% year-on-year, primarily driven by the release of production capacity in the battery materials segment[11]. - Total operating costs for Q1 2021 were CNY 3,380,970,426.00, compared to CNY 2,183,298,184.49 in Q1 2020, indicating an increase of about 55%[33]. - The operating profit for the quarter was CNY 336,299,105.81, up from CNY 143,194,358.70, reflecting an increase of approximately 134.5%[34]. Government Support - The company received government subsidies amounting to ¥30,894,339.49 during the reporting period[4]. - Net cash flow from operating activities decreased by 65.18% year-on-year, primarily due to a reduction in government subsidies for electronic waste dismantling[12]. Strategic Initiatives - The company plans to increase its stake in the Indonesian nickel resource project to 72%, becoming the controlling shareholder[13]. - The company has engaged in discussions regarding its major development strategies during the "14th Five-Year Plan" period, focusing on next-generation product development and market expansion[25].