LK(SH:600388)2021-04-27 16:00Financial Performance - Net profit attributable to shareholders was approximately ¥141.10 million, an increase of 108.02% year-on-year[12]. - Operating revenue for the quarter reached approximately ¥1.90 billion, reflecting a year-on-year growth of 26.14%[12]. - The company reported a net profit excluding non-recurring gains and losses of approximately ¥144.35 million, up 187.51% year-on-year[12]. - Basic earnings per share were ¥0.13, representing a year-on-year increase of 116.67%[12]. - Net profit for Q1 2021 was ¥143,898,796.07, representing a 109.9% increase compared to ¥68,676,821.59 in Q1 2020[45]. - The total comprehensive income for Q1 2021 was ¥131,447,186.36, compared to ¥60,671,564.20 in Q1 2020, reflecting a growth of 116.7%[49]. - Net profit for Q1 2021 was ¥132,201,289.62, representing a significant increase of 153.4% from ¥52,173,760.25 in Q1 2020[47]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥24.81 billion, a decrease of 1.27% compared to the end of the previous year[12]. - The total amount of contracts on hand at the end of the quarter was approximately ¥20.34 billion, providing a solid foundation for sustained performance growth[12]. - Total liabilities decreased from CNY 18,794,198,871.04 to CNY 18,328,676,443.37, a reduction of approximately 2.5%[34]. - Current liabilities totaled CNY 14,396,542,595.56, down from CNY 15,514,426,653.13, reflecting a decrease of about 7.2%[34]. - Non-current liabilities increased from CNY 3,279,772,217.91 to CNY 3,932,133,847.81, representing an increase of approximately 19.9%[34]. - The company's retained earnings increased from CNY 3,830,755,677.14 to CNY 3,971,857,913.77, reflecting a growth of approximately 3.7%[36]. - The total equity attributable to shareholders rose from CNY 6,196,900,542.16 to CNY 6,340,045,601.66, an increase of about 2.3%[36]. Cash Flow - The net cash flow from operating activities was approximately -¥245.39 million, compared to -¥102.51 million in the same period last year[12]. - The net cash flow from operating activities was negative at -¥245,387,789.53, compared to -¥102,509,145.55 in the previous period, indicating increased cash outflows[23]. - Cash inflow from operating activities for Q1 2021 was ¥2,561,002,854.67, compared to ¥1,782,537,111.57 in Q1 2020, marking an increase of 43.5%[49]. - The company reported a total cash outflow from operating activities of 2,553,235,476.38 RMB, compared to 1,796,542,072.31 RMB in the same quarter last year[54]. - The ending balance of cash and cash equivalents was 1,099,487,756.11 RMB, down from 2,046,802,382.46 RMB in the same quarter last year[56]. Investments and Expenses - R&D expenses increased by 30.46% to ¥90,174,694.56 from ¥69,118,856.15, indicating higher investment in research and development[23]. - Research and development expenses increased to ¥90,174,694.56 in Q1 2021, up 30.5% from ¥69,118,856.15 in Q1 2020[41]. - Financial expenses decreased by 32.15% to ¥33,796,877.02 from ¥49,811,885.82, due to reclassification of interest income under new financial instrument standards[23]. - The company reported a decrease in financial expenses to ¥26,540,093.95 in Q1 2021 from ¥41,885,064.59 in Q1 2020, a reduction of 36.6%[47]. Contracts and Shareholder Information - The company secured new engineering contracts worth approximately ¥3.13 billion, a year-on-year increase of 106.40%[12]. - The company’s major shareholder, Longjing Industrial Investment Group, holds 18.09% of the shares, with significant pledges on its holdings[12]. - Contract liabilities increased from CNY 6,264,031,649.01 to CNY 6,353,386,512.92, reflecting a growth of about 1.4%[39].