Lion(SH:605358)2021-04-28 16:00Financial Performance - Operating revenue for the period was RMB 461,540,348.83, representing a growth of 49.21% year-on-year[4] - Net profit attributable to shareholders was RMB 75,794,468.19, a significant increase of 133.38% compared to the same period last year[4] - Basic earnings per share for the period was RMB 0.19, up 111.11% from RMB 0.09 in the previous year[5] - The net profit after deducting non-recurring gains and losses was RMB 66,146,597.71, reflecting a year-on-year increase of 229.34%[4] - The net profit attributable to shareholders for the first half of 2021 is expected to grow by over 100% compared to RMB 76,211,200 in the first half of 2020[14] - Net profit for Q1 2021 was ¥79,779,960.93, representing a 109.3% increase compared to ¥38,125,719.84 in Q1 2020[22] - The company reported a total comprehensive income of RMB 16,604,534.40 for Q1 2021, compared to RMB 4,266,225.59 in Q1 2020[24] Assets and Liabilities - Total assets at the end of the reporting period reached RMB 6,884,500,962.88, an increase of 7.99% compared to the end of the previous year[4] - The company’s total liabilities increased by 85.76% to RMB 645,417,416.66 from RMB 347,443,416.38 in the previous year due to increased long-term borrowings[13] - Total current assets as of March 31, 2021, amounted to CNY 2,979,500,494.68, a slight increase from CNY 2,967,910,876.68 in the previous year[16] - Total non-current assets reached CNY 3,905,000,468.20, compared to CNY 3,407,435,437.86, representing a growth of approximately 14.6%[17] - The company's total assets as of March 31, 2021, were CNY 6,884,500,962.88, up from CNY 6,375,346,314.54, reflecting a growth of approximately 8.0%[18] - The company's total liabilities increased to CNY 4,288,405,771.13 from CNY 3,862,652,776.70, marking an increase of about 11.0%[18] Cash Flow - The net cash flow from operating activities was negative at RMB -84,263,353.34, a decline of 448.17% year-on-year[4] - The company reported a significant increase in cash flow from operating activities, with cash received from operations decreasing by 64.25% to RMB 19,589,739.43 compared to RMB 54,798,185.63 in the previous year[12] - The net cash flow from operating activities was negative at RMB -84,263,353.34, a decline from RMB 24,201,735.80 in Q1 2020[26] - Cash and cash equivalents at the end of Q1 2021 totaled RMB 830,372,973.88, down from RMB 1,529,865,297.80 at the beginning of the quarter[27] - The company incurred cash outflows for investment activities totaling ¥56,379,459.76, compared to ¥10,485,319.61 in Q1 2020, indicating an increase of about 438%[28] - The net cash flow from investment activities was -¥56,151,548.44, worsening from -¥10,425,319.61 in the same quarter last year[28] Shareholder Information - The total number of shareholders at the end of the reporting period was 41,397[8] - The largest shareholder, Wang Minwen, holds 19.88% of the shares, totaling 79,615,720 shares[8] Research and Development - The company's research and development expenses rose by 68.63% to RMB 38,142,257.82 compared to RMB 22,619,307.03 in the previous year[12] - Research and development expenses for Q1 2021 totaled ¥38,142,257.82, an increase of 68.5% from ¥22,619,307.03 in Q1 2020[21] Market and Operational Outlook - The company’s gross profit margin improved due to increased sales orders driven by strong market demand in the semiconductor industry[14] - The company is focusing on enhancing its core technology R&D capabilities and cost control measures across its factories[14] - The company anticipates a steady improvement in profitability and operational performance due to favorable market conditions and increased production capacity[14]