SJY.(SH:600676)2021-04-28 16:00Financial Performance - Operating revenue for the first quarter reached CNY 1,999,863,453.54, a significant increase of 56.44% year-on-year[7] - Net profit attributable to shareholders of the listed company was CNY 11,151,961.88, marking a 107.43% increase from a loss of CNY 150,141,073.37 in the same period last year[7] - Basic and diluted earnings per share improved to CNY 0.01, up 106.67% from a loss of CNY 0.15 per share in the same period last year[7] - Operating revenue increased by 56.44% to CNY 1,999,863,453.54 compared to the previous period, primarily due to the recovery from the impact of COVID-19[14] - Net profit attributable to shareholders reached CNY 11,151,961.88, a significant turnaround from a loss of CNY 150,141,073.37 in the previous period, representing a 107.43% increase[14] - Total revenue for Q1 2021 reached ¥1,999,863,453.54, a significant increase of 56.3% compared to ¥1,278,338,770.30 in Q1 2020[37] - Net profit for Q1 2021 was ¥4,446,194.53, recovering from a net loss of ¥172,170,264.13 in Q1 2020[38] Assets and Liabilities - Total assets increased by 6.64% to CNY 8,912,076,318.87 compared to the end of the previous year[7] - The total liabilities of the company as of March 31, 2021, were RMB 2,992,599,894.45, compared to RMB 2,424,915,288.47 at the end of 2020, representing an increase of about 23.4%[31] - The company's total assets increased to ¥4,700,147,288.57 as of March 31, 2021, compared to ¥4,359,654,769.22 at the end of 2020[36] - The total liabilities increased to ¥700,325,430.52, compared to ¥320,521,164.23 at the end of 2020, indicating a rise in financial obligations[36] - The total current assets were ¥4,990,550,002.91, with cash and cash equivalents being a significant component[50] - The total liabilities increased to approximately $345.56 million, with a notable rise in non-current liabilities due to the new leasing standards[56] Cash Flow - The net cash flow from operating activities decreased by 14.56% to CNY 62,093,186.78 compared to the previous year[7] - Investment activities generated a cash inflow of CNY 80,077,609.68, a 314.67% increase compared to the previous period, attributed to the same land reserve compensation[14] - The cash flow from operating activities for Q1 2021 was ¥62,093,186.78, down from ¥72,671,400.77 in Q1 2020, reflecting a decrease of about 14%[45] - The net cash flow from investing activities for Q1 2021 was ¥80,077,609.68, a recovery from a negative cash flow of ¥37,303,037.30 in Q1 2020[46] Shareholder Information - The total number of shareholders reached 40,659 by the end of the reporting period[11] - The largest shareholder, Shanghai Jiushi (Group) Co., Ltd., holds 36.34% of the shares, totaling 373,767,497 shares[11] Corporate Developments - The company has undergone a name change for one of its major shareholders, now known as Shanghai Jiushi Tourism (Group) Co., Ltd.[12] - The company has been included in the government land reserve program for the property located at 945 Jinshajiang Road, with a total compensation of CNY 343,820,500[15] - The ownership transfer of state-owned shares from Shanghai State-owned Assets Supervision and Administration Commission to Shanghai Jiushi Group Co., Ltd. was completed, with no change in the actual controller[17] Operational Efficiency - The company reported a weighted average return on equity of 0.20%, an increase of 2.81 percentage points compared to the previous year[7] - Employee compensation payable decreased by 57.70% to CNY 12,989,437.72, primarily due to the distribution of year-end bonuses in the reporting period[14] - Taxes payable decreased by 50.72% to CNY 36,558,265.97, mainly due to the payment of income tax accrued in the previous period[14] - The company maintained a stable employee base, contributing to operational stability during the ongoing recovery phase[26] - The company is actively focusing on reform and optimization of its core business to enhance efficiency and achieve better resource coordination[26] Research and Development - Research and development expenses for Q1 2021 were ¥17,493,202.52, slightly up from ¥17,453,469.83 in Q1 2020[38]