CCD(002811)2021-04-28 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥372,541,177.50, a decrease of 3.20% compared to ¥384,850,264.40 in the same period last year[8] - Net profit attributable to shareholders increased by 35.33% to ¥17,040,982.77 from ¥12,592,602.37 year-on-year[8] - The net profit after deducting non-recurring gains and losses rose by 58.15% to ¥15,317,408.56 compared to ¥9,685,278.34 in the previous year[8] - Basic earnings per share increased by 20.00% to ¥0.06 from ¥0.05 year-on-year[8] - The company reported a 38.75% decrease in other income to ¥1,993,088.10, mainly due to receiving more government subsidies in the comparative period[16] - The total comprehensive income for Q1 2021 was CNY 18,753,799.20, an increase of 73.5% from CNY 10,808,959.43 in Q1 2020[41] - Net profit for Q1 2021 reached CNY 16,854,172.67, an increase of 37.5% from CNY 12,258,557.64 in Q1 2020[40] Cash Flow - The net cash flow from operating activities was ¥55,464,842.17, a significant improvement from a negative cash flow of ¥40,303,142.44 in the same period last year, marking a change of -237.62%[8] - Cash flow from operating activities was CNY 563,973,911.94, an increase from CNY 451,537,497.66 in the previous year[47] - Total cash inflow from operating activities was ¥576,216,308.27, while cash outflow was ¥520,751,466.10, resulting in a net cash inflow[48] - The company reported a net cash outflow from investing activities of ¥83,811,967.62, compared to a larger outflow of ¥301,393,996.52 in the previous year[49] - The total cash outflow for financing activities was ¥102,128,442.51, leading to a net cash outflow of ¥101,961,127.64[49] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,971,114,551.79, down 4.77% from ¥3,119,888,925.81 at the end of the previous year[8] - Total liabilities decreased to CNY 1,451,664,109.49 from CNY 1,598,030,390.11, indicating a reduction of about 9.2%[36] - Current liabilities totaled CNY 1,023,374,852.06, down from CNY 1,216,981,982.45, a decrease of approximately 15.9%[36] - The company's cash and cash equivalents decreased to CNY 557,956,112.68 from CNY 695,517,426.88, a decline of about 19.8%[33] - The total equity attributable to shareholders increased to CNY 1,475,044,181.93 from CNY 1,466,183,314.90, reflecting a growth of approximately 0.5%[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,131[12] - Net assets attributable to shareholders increased by 1.34% to ¥1,617,108,873.71 from ¥1,595,680,663.45 at the end of the previous year[8] Operational Changes - Accounts receivable financing increased by 102.90% to ¥12,437,554.96 due to clients adopting bill settlement methods[16] - Prepayments rose by 95.95% to ¥74,171,344.23 primarily due to advance payments for major project materials[16] - Short-term borrowings decreased by 54.02% to ¥88,254,831.00 as a result of repaying bank loans[16] - Financial expenses decreased by 66.91% to ¥3,206,659.28 due to significant changes in exchange gains and losses[16] - The company reported a significant decrease in credit impairment losses, with a loss of CNY -209,908.89 compared to CNY -6,550,105.77 in Q1 2020[40] Future Expectations - The company expects a significant change in net profit for the first half of 2021 compared to the same period last year[21] - The company has no significant changes in major contracts that affect contract amounts by more than 30%[21]