Langsha(SH:600137)2021-04-29 16:00Financial Performance - Operating revenue increased by 37.38% to CNY 66,700,483.73 year-on-year[7] - Net profit attributable to shareholders rose by 22.57% to CNY 5,934,810.54 compared to the same period last year[7] - Basic and diluted earnings per share both rose by 22.00% to CNY 0.061[7] - The net profit after deducting non-recurring gains and losses increased by 32.02% to CNY 5,969,089.25[7] - Total operating revenue for Q1 2021 reached ¥66,700,483.73, a 37.4% increase from ¥48,553,000.08 in Q1 2020[39] - Net profit for Q1 2021 was ¥5,934,810.54, representing a 22.6% increase compared to ¥4,842,132.56 in Q1 2020[40] Cash Flow and Liquidity - Net cash flow from operating activities improved by 43.46%, reaching -CNY 15,161,953.80[7] - The company reported a net cash flow from operating activities of -15,161,953.80 RMB, an improvement of 43.46% compared to the previous year[27] - The net cash flow from operating activities for Q1 2021 was -15,161,953.80 RMB, an improvement from -26,816,041.54 RMB in Q1 2020[47] - Cash and cash equivalents were reported at ¥169,592,775.12, down from ¥393,476,343.01, indicating a significant decrease in liquidity[32] - The cash and cash equivalents at the end of Q1 2021 were 116,274,933.80 RMB, compared to 73,015,851.97 RMB at the end of Q1 2020, showing a significant increase[48] Assets and Liabilities - Total assets decreased by 4.51% to CNY 664,770,816.72 compared to the end of the previous year[7] - Total liabilities as of March 31, 2021, were ¥146,703,954.39, down 20.2% from ¥184,045,517.23 on December 31, 2020[33] - Total current assets amounted to ¥521,744,093.78, a decrease of 5.9% from ¥554,642,006.56 on December 31, 2020[32] - Total non-current assets reached ¥143,026,722.94, a slight increase of 1.1% from ¥141,535,562.46 on December 31, 2020[32] - Total equity as of March 31, 2021, was ¥469,129,316.54, slightly down from ¥469,221,467.53 at the end of 2020[36] Operational Metrics - The number of retail stores increased from 312 to 317, with 5 new franchise stores opened during the reporting period[13] - Domestic sales accounted for 97.43% of total revenue, with a year-on-year increase of 10.26%[22] - Online sales contributed 71.12% of total revenue, with a gross profit margin of 14.63%[22] - The overall gross profit margin decreased by 2.15 percentage points to 16.88%[25] - The operating cost for the same period was 55,330.99 million RMB, which increased by 44.55% compared to the previous year[25] Investment and Expenses - Research and development expenses for Q1 2021 were ¥1,498,268.61, compared to ¥1,406,174.95 in Q1 2020, indicating a focus on innovation[39] - The company invested 184,800,000.00 RMB in Q1 2021, slightly down from 200,000,000.00 RMB in Q1 2020, indicating a 7.6% decrease in investment activity[48] - The company incurred management expenses of 103,704.22 RMB in Q1 2021, up from 94,408.36 RMB in Q1 2020, reflecting a 9.4% increase[44] Accounting and Reporting Changes - The company implemented new lease accounting standards starting in 2021, affecting the financial statements from the beginning of the year[52] - There were no retrospective adjustments made to prior comparative data under the new lease accounting standards[52] - The audit report is not applicable for this quarter[52]