KINGFA(SH:600143)2021-04-27 16:00Financial Performance - Net profit attributable to shareholders rose by 438.79% to CNY 764.53 million year-on-year[4] - Operating revenue surged by 63.60% to CNY 9.06 billion compared to the same period last year[4] - Basic earnings per share increased by 439.20% to CNY 0.2971[4] - The company reported a significant increase in net profit excluding non-recurring items, which rose by 718.10% to CNY 713.13 million[4] - Operating profit for Q1 2021 was ¥906,021,100.48, compared to ¥202,788,033.99 in Q1 2020, reflecting a substantial growth[28] - Net profit for Q1 2021 amounted to ¥767,550,819.35, up from ¥142,952,800.99 in the same period last year, indicating a year-over-year increase of 436.5%[28] - Total revenue for Q1 2021 reached ¥9,057,347,670.83, a significant increase of 63.5% compared to ¥5,536,313,856.36 in Q1 2020[26] Assets and Liabilities - Total assets increased by 9.99% to CNY 35.70 billion compared to the end of the previous year[4] - Total assets increased to ¥35,696,625,334.75, up from ¥32,454,896,472.95, representing a growth of approximately 6.8% year-over-year[22] - Current assets totaled ¥17,197,382,670.58, compared to ¥14,665,825,806.11, reflecting an increase of about 10.4%[21] - Total liabilities reached ¥19,924,106,652.31, compared to ¥17,438,528,555.09, showing an increase of approximately 14.2%[21] - Long-term borrowings surged to ¥8,277,132,020.98, up from ¥6,213,218,446.34, representing a significant increase of about 33.2%[21] - Total liabilities rose to ¥14,645,878,897.67 in Q1 2021, compared to ¥12,128,287,123.98 in Q1 2020, marking an increase of 20.7%[25] Cash Flow - Net cash flow from operating activities decreased by 133.39% to -CNY 223.21 million[4] - The net cash flow from operating activities was negative at -¥223,206,112.76, a decline of 133.39% compared to ¥668,571,283.86 in the previous year[15] - Cash flow from operating activities showed a net outflow of approximately ¥223.21 million, a decrease from a net inflow of ¥668.57 million in Q1 2020[33] - Cash inflow from financing activities was 2,554,647,201.45 RMB, an increase from 2,166,210,107.72 RMB in the previous year, marking a growth of approximately 17.9%[34] - The net cash flow from financing activities improved significantly to 1,101,390,138.13 RMB, compared to -517,311,397.63 RMB in Q1 2020[34] Shareholder Information - The total number of shareholders reached 207,065 by the end of the reporting period[7] - The top two shareholders, Yuan Zhimin and Xiong Haitao, hold 19.83% and 8.40% of shares respectively[7] Research and Development - R&D expenses increased by 40.65% to ¥340,585,139.43, up from ¥242,146,664.66, reflecting a focus on innovation[12] - Research and development expenses for Q1 2021 were ¥340,585,139.43, up from ¥242,146,664.66 in Q1 2020, reflecting a growth of 40.6%[26] - Research and development expenses increased to approximately ¥129.77 million, up from ¥72.09 million in the same period last year, reflecting an increase of 79.9%[30] Other Financial Metrics - The weighted average return on equity improved by 3.68 percentage points to 5.02%[4] - The company's retained earnings rose to ¥9,386,752,219.35 from ¥8,622,223,421.54, reflecting an increase of approximately 8.9%[22] - The total equity attributable to shareholders increased to ¥15,595,338,056.21 from ¥14,841,977,473.93, indicating a growth of about 5.1%[22] - The company's other comprehensive income showed a decrease in foreign currency translation differences, with a loss of -¥28,634,009.58 compared to -¥17,068,600.80 last year[11]