GRIAM(SH:600206)2021-04-27 16:00Financial Performance - Operating revenue for the first quarter reached CNY 3,644,500,187.68, a 63.87% increase year-on-year[11] - Net profit attributable to shareholders surged by 803.19% to CNY 61,512,691.32 compared to the same period last year[11] - Basic earnings per share increased by 775.00% to CNY 0.07 from CNY 0.008 in the same period last year[11] - The net profit after deducting non-recurring gains was CNY 47,118,361.07, compared to a loss of CNY -444,196.85 in the previous year[11] - The total profit for Q1 2021 was 77,414,363.74, a significant increase from 9,589,952.97 in Q1 2020, representing a growth of approximately 707%[48] - The net profit for Q1 2021 reached 63,088,427.82, compared to 6,051,202.01 in Q1 2020, marking an increase of about 904%[48] - The company reported a net profit increase from investment income of ¥11,880,101.19 in Q1 2021, compared to ¥5,077,616.37 in Q1 2020[46] Assets and Liabilities - Total assets increased by 11.03% to CNY 4,732,176,421.51 compared to the end of the previous year[11] - The total liabilities as of March 31, 2021, were ¥1,166,189,886.38, compared to ¥759,975,644.72 at the end of 2020, reflecting a 53.3% increase[36] - The total assets reached ¥4,732,176,421.51, up from ¥4,262,151,668.74, marking an increase of approximately 11%[36] - Total liabilities rose from ¥759,975,644.72 to ¥764,836,856.67, an increase of ¥4,861,211.95[65] - The total amount of non-current liabilities reached $6,777,974.30, indicating a significant adjustment due to the new lease accounting standards[74] Cash Flow - The net cash flow from operating activities was negative at CNY -781,533,652.66, compared to CNY -479,656,085.02 in the previous year[11] - The total cash received from operating activities was ¥3,694,185,208.65, a 54.62% increase compared to ¥2,389,210,363.71 in the previous year[25] - The cash flow from operating activities in Q1 2021 was 3,694,185,208.65, compared to 2,389,210,363.71 in Q1 2020, representing an increase of approximately 54%[53] - The total cash flow for Q1 2021 showed a net decrease of ¥543,174,994.56, compared to a decrease of ¥295,144,453.76 in Q1 2020[58] Shareholder Information - The total number of shareholders reached 92,800 by the end of the reporting period[17] - The largest shareholder, Yuyuan Technology Group Co., Ltd., holds 33.09% of the shares[17] Research and Development - Research and development expenses grew by 50.73% to ¥32,707,489.49, indicating increased investment in innovation[25] - Research and development expenses in Q1 2021 amounted to ¥32,707,489.49, up from ¥21,699,427.14 in Q1 2020, representing a growth of 50.9%[46] Financial Ratios - The weighted average return on equity rose by 1.65 percentage points to 1.87%[11] - The net profit margin improved as operating costs increased by 62.01% to ¥3,483,737,328.04, which is lower than the revenue growth rate[25] Other Financial Metrics - The company reported non-recurring gains of CNY 14,394,330.25 for the quarter[16] - The company’s investment income increased by 133.97% to ¥11,880,101.19, mainly due to the disposal of a subsidiary[25] - Cash paid for debt repayment rose by 826.46% to ¥41,690,762.11, reflecting the repayment of maturing debts[28]