KEDA GROUP(SH:600986)2021-04-27 16:00Financial Performance - Total revenue for Q1 2021 reached CNY 2,814,817,951.45, representing a 24.53% increase compared to the same period last year[11] - Net profit attributable to shareholders was CNY 47,784,961.88, a significant increase of 184.91% year-on-year[11] - Basic and diluted earnings per share were both CNY 0.04, reflecting a 300% increase year-on-year[11] - Operating profit for Q1 2021 reached CNY 63,690,938.93, a significant increase from CNY 31,910,139.38 in the same period last year[42] - The total profit for Q1 2021 was CNY 63,116,350.17, compared to CNY 31,404,810.10 in Q1 2020, marking an increase of 100.5%[42] - The total comprehensive income for Q1 2021 was CNY 49,092,330.93, compared to CNY 17,622,544.36 in Q1 2020, reflecting an increase of 178.5%[44] Cash Flow - The net cash flow from operating activities was negative CNY 328,174,828.14, a decrease of 225.83% compared to the previous year[11] - In Q1 2021, the company's cash inflow from operating activities was CNY 2,752,808,595.98, a decrease of 20.5% compared to CNY 3,464,455,737.50 in Q1 2020[54] - Cash inflow from financing activities was CNY 364,242,615.53, significantly higher than CNY 150,000,000.00 in Q1 2020, representing a growth of 142.8%[54] - The net cash flow from financing activities was CNY 210,023,191.49, recovering from a negative CNY -40,608,783.92 in the previous year[56] - The company's cash and cash equivalents at the end of Q1 2021 were CNY 769,546,729.10, down from CNY 1,262,197,921.68 at the end of Q1 2020[56] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 6,960,195,689.38, a decrease of 0.73% from the end of the previous year[11] - Current liabilities decreased from ¥3,243,772,658.95 to ¥3,102,231,188.29, a reduction of about 4.36%[29] - Non-current liabilities decreased from ¥3,266,224,702.46 to ¥3,164,660,059.90, a decrease of approximately 3.11%[29] - Total liabilities and equity decreased from ¥4,822,785,199.43 to ¥4,728,255,757.90, a decrease of about 1.95%[39] - The company reported accounts receivable of approximately ¥3.29 billion, indicating a stable collection of receivables[61] Investments and Expenses - R&D expenses decreased by 59.98% to CNY 19,156,913.74, reflecting reduced investment in research and development[18] - Investment income surged by 1382.77% to CNY 26,757,412.84, mainly from the disposal of Binzhou Real Estate[18] - The company reported a significant increase in investment income, which rose to CNY 26,757,412.84 in Q1 2021 from CNY 1,804,561.00 in Q1 2020[42] Shareholder Information - The total number of shareholders at the end of the reporting period was 71,347[14] - The company reported a net loss of ¥1,232,546,367.65 in retained earnings, an improvement from a loss of ¥1,303,067,903.58[37] - Total equity increased from ¥3,745,297,220.15 to ¥3,795,535,629.48, an increase of about 1.34%[31] Regulatory and Compliance - The company is in the process of adjusting its non-public issuance of A-shares, pending approval from the China Securities Regulatory Commission[22] - The company has implemented new leasing standards starting from January 1, 2021, which may impact future financial reporting[66]