CHANGYU(000869)2021-04-28 16:00Revenue and Profitability - The company's revenue for Q1 2021 reached ¥1,134,006,251, representing a 40.75% increase compared to ¥805,715,048 in the same period last year[3] - Net profit attributable to shareholders was ¥286,745,340, up 22.28% from ¥234,499,910 year-on-year[3] - The basic earnings per share increased to ¥0.42, a rise of 23.53% compared to ¥0.34 in the previous year[3] - The company reported a significant increase in R&D expenses, which rose to CNY 1,322,003 from CNY 717,857, an increase of approximately 84.4%[25] - Operating profit for the current period was CNY 384,836,956, compared to CNY 312,504,138 in the previous period, showing an increase of about 23.1%[25] - The total profit for the current period was CNY 386,232,582, up from CNY 315,151,626, representing a growth of approximately 22.6%[26] - The company’s total comprehensive income for the current period was CNY 278,158,000, compared to CNY 225,946,921 in the previous period, indicating an increase of about 22.9%[26] Cash Flow and Liquidity - Cash flow from operating activities was ¥314,895,523, compared to a negative cash flow of ¥118,493,699 in the same period last year[3] - The cash inflow from operating activities reached CNY 1,143,967,450, a significant increase from CNY 798,049,059 in the previous period, representing a growth of approximately 43.3%[31] - The net cash flow from operating activities was CNY 314,895,523, compared to a negative cash flow of CNY -118,493,699 in the same period last year, indicating a turnaround[31] - The net increase in cash and cash equivalents was CNY 233,865,995, contrasting with a decrease of CNY -219,888,455 in the previous year[32] - The total cash and cash equivalents at the end of the period stood at CNY 1,286,531,101, up from CNY 1,177,511,014 at the end of the previous period[32] Assets and Liabilities - Total assets at the end of the reporting period were ¥13,456,572,813, reflecting a 2.70% increase from ¥13,102,481,541 at the end of the previous year[3] - Total liabilities rose to CNY 2,676,627,857, compared to CNY 2,598,050,907, indicating an increase of around 3%[19] - Current liabilities decreased slightly to CNY 2,212,767,203 from CNY 2,244,942,746, a reduction of approximately 1.4%[19] - Owner's equity increased to CNY 10,779,944,956 from CNY 10,504,430,634, marking a growth of about 2.6%[20] - The company’s total liabilities increased by CNY 125,716,975 due to the new leasing liabilities[37] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 53,529, with the largest shareholder, Yantai Zhangyu Group Co., Ltd., holding 50.40% of the shares[6] - The total equity attributable to shareholders reached CNY 10,267,832,644, with retained earnings of CNY 8,714,091,755[37] Expenses and Costs - Total operating costs amounted to CNY 763,383,605, up from CNY 503,718,024, indicating a rise of about 51.5%[25] - Marketing expenses surged by 79.84% due to increased investment in marketing efforts[10] - Financial expenses increased by 58.18% as a result of the new leasing standards implemented in 2021[10] - The company experienced a decrease in investment income, reporting a loss of CNY 834,725 compared to a loss of CNY 504,952 in the previous period[25] Inventory and Receivables - Inventory reached ¥3,003,633,671 as of March 31, 2021, compared to ¥2,945,548,651 at the end of 2020[17] - Accounts receivable decreased to ¥151,141,109 from ¥183,853,362 year-over-year[17] Other Financial Information - There were no major contracts or commitments that were not fulfilled during the reporting period[14] - The company has not engaged in any trust investment during the reporting period[14] - The company has no significant non-operating fund occupation by controlling shareholders or related parties during the reporting period[15] - The company reported a significant increase in cash inflow from investment income, reaching CNY 680,070,741 compared to CNY 82,242,639 in the previous year[33]