SUNSTONE(603612)2021-04-28 16:00Financial Performance - Operating revenue rose by 43.34% to CNY 1,697,990,701.23 year-on-year[11] - Net profit attributable to shareholders surged by 722.11% to CNY 109,657,476.66 compared to the same period last year[11] - Basic earnings per share increased by 525.00% to CNY 0.25 from CNY 0.04 in the same period last year[11] - The company reported a diluted earnings per share of CNY 0.25, consistent with the basic earnings per share[11] - Net profit for Q1 2021 was ¥135,983,005.59, up from ¥19,328,360.76 in Q1 2020, indicating a growth of 605.5%[53] - Operating profit for Q1 2021 was ¥178,743,345.21, compared to ¥28,254,812.42 in Q1 2020, reflecting a significant improvement[53] Assets and Liabilities - Total assets increased by 13.47% to CNY 9,631,443,852.82 compared to the end of the previous year[11] - Total liabilities reached ¥5,114,482,561.11, up from ¥4,111,102,391.06, indicating a rise of around 24.4%[37] - The company’s long-term borrowings rose to CNY 1,305,185,500.00, an increase of 84.82% from CNY 706,195,000.00, primarily due to project financing[23] - Total liabilities increased to ¥897,885,995.36 from ¥702,807,373.22, reflecting a growth of 27.7%[47] - Total equity attributable to shareholders rose to ¥3,776,396,763.34 from ¥3,663,263,177.38, an increase of about 3.1%[37] Cash Flow - Net cash flow from operating activities decreased by 384.93% to -CNY 544,626,771.10 compared to the previous year[11] - Cash flow from financing activities was CNY 940,168,392.46, a significant improvement from CNY -10,482,019.33 in the previous year, indicating increased borrowing[26] - Cash flow from operating activities in Q1 2021 was negative RMB 544.63 million, a decline from positive RMB 191.14 million in Q1 2020[68] - The net cash flow from financing activities for Q1 2021 was 92,360,719.78 RMB, up from 38,700,808.63 RMB in Q1 2020, reflecting a 138.5% increase[74] Shareholder Information - The total number of shareholders reached 24,311 by the end of the reporting period[17] - The largest shareholder, Lang Guanghui, holds 23.48% of the shares, amounting to 102,071,718 shares[17] Research and Development - Research and development expenses surged by 164.06% to CNY 26,051,258.00, up from CNY 9,865,696.25, indicating a significant investment in innovation[26] - Research and development expenses increased to ¥26,051,258.00 in Q1 2021, compared to ¥9,865,696.25 in Q1 2020, representing a 164.5% rise[49] Operational Costs - The gross profit margin improved, with operating costs rising to CNY 1,403,284,235.60, a 39.13% increase from CNY 1,008,620,658.39 in the previous year[26] - The total operating costs for Q1 2021 were ¥1,515,406,527.55, which is a 30.9% increase from ¥1,157,688,078.82 in Q1 2020[49] Other Financial Metrics - Weighted average return on equity rose by 2.44 percentage points to 2.95%[11] - Non-recurring gains and losses included government subsidies of CNY 5,939,467.85[14] - The company reported a financial income of RMB 9.76 million in Q1 2021, compared to RMB 2.41 million in Q1 2020, indicating a significant increase[57] - The company incurred a financial expense of RMB 2.19 million in interest for Q1 2021, down from RMB 14.21 million in Q1 2020, reflecting an 85% decrease[57]