LYCG(SH:600491)2021-04-27 16:00Financial Performance - Operating revenue for the first quarter reached CNY 5.06 billion, a 7.25% increase from CNY 4.72 billion in the same period last year[7]. - Net profit attributable to shareholders was CNY 188.46 million, up 2.16% from CNY 184.48 million year-on-year[7]. - Net profit excluding non-recurring gains and losses decreased by 3.55% to CNY 175.96 million compared to CNY 182.43 million in the previous year[7]. - Total revenue for Q1 2021 reached ¥5,062,689,187.29, an increase of 7.25% compared to ¥4,720,294,164.25 in Q1 2020[25]. - Operating profit for Q1 2021 was ¥262,656,640.90, a decrease of 5.06% from ¥277,317,426.03 in Q1 2020[25]. - The company's total comprehensive income for Q1 2021 was CNY 192,778,904.70, compared to CNY 187,992,247.74 in Q1 2020, showing an increase of 2.0%[26]. - The net profit for Q1 2021 was CNY 180,675,178.65, slightly up from CNY 179,945,441.24 in Q1 2020, indicating a growth of 0.4%[26]. Assets and Liabilities - Total assets decreased by 1.64% to CNY 61.51 billion compared to the end of the previous year[7]. - The total assets as of March 31, 2021, were RMB 61.51 billion, down from RMB 62.54 billion at the end of 2020, indicating a decrease of approximately 1.65%[19]. - The total liabilities decreased to RMB 48.855 billion from RMB 50.019 billion, a reduction of about 2.33%[19]. - Total liabilities decreased to ¥29,037,161,739.25 in Q1 2021 from ¥30,063,385,810.68 in Q1 2020, indicating a reduction of 3.42%[23]. - Total liabilities were reported at ¥50,019,423,555.01, with non-current liabilities at ¥17,681,385,138.62[36]. - The company reported a total asset value of approximately ¥41.64 billion, reflecting a slight decrease from the previous period[40]. Shareholder Information - Net assets attributable to shareholders increased by 1.97% to CNY 11.60 billion year-on-year[7]. - The total number of shareholders at the end of the reporting period was 44,613[11]. - Major shareholders include Lai Zhenyuan with 27.06% ownership and Lai Chaohui with 8.10% ownership, both of whom have pledged their shares[11]. - The total equity attributable to shareholders increased to RMB 11.599 billion from RMB 11.375 billion, an increase of about 1.98%[19]. - Owner's equity totaled approximately ¥11.58 billion, with retained earnings of ¥4.91 billion and capital reserves of ¥4.04 billion[40]. Cash Flow - The company reported a net cash flow from operating activities of -CNY 167.70 million, compared to -CNY 151.09 million in the same period last year[7]. - The company's cash flow from operating activities was CNY 7,799,005,576.16 in Q1 2021, an increase of 54.7% from CNY 5,048,385,609.46 in Q1 2020[30]. - Total cash inflow from operating activities increased to 11,672,582,367.15 RMB in Q1 2021, up from 8,481,479,472.90 RMB in Q1 2020, representing a growth of approximately 37.5%[32]. - Cash outflow from operating activities totaled 11,809,426,823.21 RMB in Q1 2021, compared to 8,673,921,805.45 RMB in Q1 2020, indicating a rise of about 36.8%[32]. - The net cash flow from investing activities was 184,688,827.49 RMB in Q1 2021, a significant recovery from -270,494,496.68 RMB in Q1 2020[32]. - Cash inflow from financing activities was 1,303,051,000.00 RMB in Q1 2021, compared to 845,000,000.00 RMB in Q1 2020, marking an increase of approximately 54%[32]. Expenses and Investments - Total operating costs for Q1 2021 were ¥4,824,390,817.93, up from ¥4,387,702,806.93 in Q1 2020, reflecting a year-over-year increase of 9.95%[25]. - Research and development expenses increased to ¥27,799,658.73 in Q1 2021, compared to ¥16,074,309.54 in Q1 2020, marking a rise of 73.43%[25]. - Research and development expenses for Q1 2021 were CNY 7,346,532.08, up from CNY 6,832,662.43 in Q1 2020, indicating a focus on innovation[28]. - The investment income for Q1 2021 was CNY 33,019,986.48, significantly higher than CNY 14,524,865.01 in Q1 2020, showcasing effective investment strategies[28]. Other Financial Metrics - The weighted average return on equity decreased by 0.25 percentage points to 1.64%[7]. - Basic and diluted earnings per share remained unchanged at CNY 0.12[7]. - The gross profit margin for Q1 2021 was approximately 6.0%, compared to 5.0% in Q1 2020, reflecting improved cost management[28]. - The company has no overdue commitments or significant litigation matters pending[14]. - The company implemented the new leasing standards effective January 1, 2021, resulting in adjustments to financial statement items[41].