SPG(SH:600529)2021-04-26 16:00Financial Performance - Operating revenue for the period was CNY 926,085,579.22, representing a year-on-year growth of 21.71%[4] - Net profit attributable to shareholders was CNY 156,226,670.04, an increase of 14.90% compared to the same period last year[4] - Basic earnings per share increased to CNY 0.26, up 13.04% from CNY 0.23 in the previous year[4] - The weighted average return on equity rose to 3.60%, an increase of 0.15 percentage points compared to the previous year[4] - The company reported a profit before tax of CNY 153,443,835.74 for Q1 2021, an increase from CNY 142,972,234.18 in Q1 2020[23] - The net profit for Q1 2021 was CNY 130,026,989.27, which is a 6.5% increase from CNY 121,653,717.81 in Q1 2020[23] - The total comprehensive income for Q1 2021 was CNY 130,026,989.27, compared to CNY 121,653,717.81 in Q1 2020, indicating a growth of 6.5%[23] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 5,642,691,265.46, a slight increase of 0.38% compared to the end of the previous year[4] - Total liabilities decreased from approximately 1.37 billion to 1.23 billion, reflecting a reduction in short-term payables and tax liabilities[14] - Total assets as of March 31, 2021, amounted to approximately 5.64 billion, a slight increase from 5.62 billion at the end of 2020[12][13] - The company's total equity as of March 31, 2021, was ¥4,140,553,649.58, an increase from ¥4,008,474,391.49 at the end of 2020[17] Cash Flow - Net cash flow from operating activities was negative at CNY -61,359,543.88, a significant decline of 202.69% year-on-year[4] - The cash inflow from operating activities was CNY 760,900,096.11, an increase of 10.14% compared to CNY 690,493,147.93 in Q1 2020[24] - The total cash outflow from operating activities was CNY 822,259,639.99, which is an increase of 30.36% from CNY 630,741,951.07 in Q1 2020[24] - The cash inflow from sales of goods and services was CNY 752,816,754.48, up from CNY 663,646,542.85 in the same quarter last year, reflecting a growth of 13.41%[24] - The cash inflow from investment activities totaled CNY 131,358,782.30, down 57.85% from CNY 311,839,719.69 in Q1 2020[25] - The net cash outflow from investment activities was CNY -552,144,694.65, compared to CNY -178,825,779.90 in the previous year, indicating increased investment expenditures[25] Operating Costs and Expenses - Operating costs increased by 36.85% compared to the same period last year, mainly due to increased operating income and rising production costs[9] - R&D expenses increased by 35.12% compared to the same period last year, primarily due to increased investment in R&D projects[9] - Financial expenses increased by 79.38% compared to the same period last year, mainly due to a decrease in exchange gains[9] - The cost of goods sold for Q1 2021 was CNY 471,148,644.85, up from CNY 401,701,211.58 in Q1 2020, reflecting a 17.3% increase[21] - The company's sales expenses decreased to CNY 7,996,468.68 in Q1 2021 from CNY 30,284,677.60 in Q1 2020, showing a reduction of 73.5%[21] - The company’s management expenses decreased to CNY 25,720,609.92 in Q1 2021 from CNY 34,610,566.99 in Q1 2020, reflecting a decline of 25.7%[21] Shareholder Information - The total number of shareholders at the end of the reporting period was 127,508[6] - The largest shareholder, Shandong Luzhong Investment Co., Ltd., held 21.75% of the shares, amounting to 129,380,980 shares[6] Other Information - The company reported a total of CNY 5,331,819.73 in non-operating income and expenses for the period[5] - The company has not disclosed any new product developments or market expansion strategies in this report[4] - Cash and cash equivalents decreased by 61.85% compared to the beginning of the year, primarily due to increased purchases of bank wealth management products and higher payment outflows[9] - Trading financial assets increased by 146.20% compared to the beginning of the year, mainly due to increased purchases of bank wealth management products[9] - Other current assets increased by 588.05% compared to the beginning of the year, primarily due to an increase in deductible input VAT[9]