LFX(SH:600612)2021-04-27 16:00Financial Performance - Net profit attributable to shareholders rose by 74.46% to CNY 648.47 million year-on-year[4] - Operating revenue grew by 18.70% to CNY 17.20 billion compared to the same period last year[4] - Basic earnings per share increased by 74.47% to CNY 1.2396[5] - The company reported a net profit excluding non-recurring gains and losses of CNY 433.66 million, a 12.97% increase year-on-year[4] - Net profit for Q1 2021 reached ¥797,174,296.33, a significant increase of 63.9% from ¥486,721,777.58 in Q1 2020[23] - The comprehensive income total for Q1 2021 was ¥804,589,938.52, compared to ¥485,480,272.52 in Q1 2020, reflecting a growth of 65.7%[23] Assets and Liabilities - Total assets increased by 11.62% to CNY 21.84 billion compared to the end of the previous year[4] - Cash and cash equivalents increased by 4,144,462,853.98 RMB, a growth rate of 73.95%, primarily due to increased bank deposits from subsidiaries[11] - Accounts receivable rose by 663,783,979.08 RMB, a growth rate of 442.22%, mainly due to uncollected receivables from a subsidiary[12] - Total current assets reached ¥20,628,855,732.82, up from ¥18,751,673,610.81, indicating a growth of approximately 10.0% year-over-year[17] - Total liabilities reached ¥11,618,285,653.28, compared to ¥10,148,840,217.15, indicating an increase of approximately 14.5% year-over-year[19] - Current liabilities increased to ¥10,308,802,391.77 from ¥9,169,688,550.19, representing a rise of about 12.4% year-over-year[19] Cash Flow - Net cash flow from operating activities slightly increased by 0.23% to CNY 2.93 billion[4] - Net cash flow from operating activities for Q1 2021 was ¥504,342,763.58, an increase of 67.5% compared to ¥301,235,728.82 in Q1 2020[31] - The total cash inflow from operating activities in Q1 2021 was ¥18,299,667,797.74, compared to ¥14,923,795,267.77 in Q1 2020, reflecting a growth of approximately 22.5%[29] - The cash flow from financing activities in Q1 2021 was a net inflow of ¥1,165,386,654.87, significantly higher than the net inflow of ¥495,833,284.48 in Q1 2020[30] Shareholder Information - The total number of shareholders reached 44,235 at the end of the reporting period[7] - The largest shareholder, Shanghai Huangpu District State-owned Assets Supervision and Administration Commission, holds 42.09% of the shares[7] Research and Development - R&D expenses for Q1 2021 increased by 2,201,215.24 RMB, a growth rate of 59.47%, due to increased investment in R&D by subsidiaries[13] - Research and development expenses increased to ¥5,902,464.13 in Q1 2021, up from ¥3,701,248.89 in Q1 2020, marking a rise of 59.7%[22] Other Financial Metrics - The weighted average return on equity improved by 2.66 percentage points to 7.82%[4] - The company reported a gross profit margin of approximately 4.5% for Q1 2021, compared to 9.5% in Q1 2020[22] - The company's management expenses decreased to ¥3,071,670.11 in Q1 2021 from ¥3,920,562.32 in Q1 2020, a reduction of approximately 21.7%[25] - The company's financial expenses improved to -¥2,938,166.85 in Q1 2021 from -¥4,953,987.24 in Q1 2020, indicating a positive change in financial management[25]