NINGBO FUDA(SH:600724)2021-04-23 16:00Financial Performance - Net profit attributable to shareholders of the listed company was RMB 82,180,997.71, representing a significant increase of 149.41% year-on-year[12]. - Operating revenue for the period was RMB 420,755,079.10, reflecting a growth of 20.38% compared to the same period last year[12]. - Basic earnings per share increased by 149.56% to RMB 0.0569 from RMB 0.0228 in the same period last year[12]. - The weighted average return on net assets rose to 2.7449%, an increase of 1.6233 percentage points year-on-year[12]. - Net profit for Q1 2021 reached ¥86,903,900.34, representing a 81.7% increase from ¥47,837,401.74 in Q1 2020[50]. - Net profit attributable to shareholders of the parent company was ¥82,180,997.71, compared to ¥32,949,707.62 in the same period last year, marking a 149.5% increase[50]. - Basic and diluted earnings per share for Q1 2021 were both ¥0.0569, up from ¥0.0228 in Q1 2020[50]. Assets and Liabilities - Total assets at the end of the reporting period reached RMB 4,169,077,380, an increase of 0.30% compared to the end of the previous year[12]. - Current assets totaled approximately ¥2.22 billion, a slight increase from ¥2.19 billion year-over-year[33]. - Total liabilities decreased to ¥592.67 million from ¥677.71 million, a reduction of 12.5%[38]. - Shareholders' equity increased to ¥3.04 billion from ¥2.95 billion, marking a growth of 3%[38]. - Total current liabilities were reported at ¥1,000,000,000.00, reflecting a significant increase compared to previous periods[65]. - Total liabilities amounted to 677,710,139.80, a decrease from 680,012,200.43, reflecting a reduction of 2,302,060.63[68]. Cash Flow - The net cash flow from operating activities decreased by 22.64% to RMB 83,836,748.55 compared to the previous year[12]. - Cash and cash equivalents decreased by 60.10% from the beginning of the period, primarily due to the purchase of structured deposits amounting to 1 billion[21]. - The cash flow from operating activities for Q1 2021 was 83,836,748.55, down from 108,371,289.15 in Q1 2020[59]. - The net cash flow from financing activities increased significantly, with a net cash inflow from debt repayment and borrowing decreasing by 538 million compared to the previous year[21]. - The net cash flow from investing activities decreased by 392.80%, primarily due to an increase in net purchases of financial products by 850 million[21]. - The total cash outflow from investing activities was 1,020,816,148.81 in Q1 2021, compared to 207,132,618.50 in Q1 2020, indicating aggressive investment strategies[59]. Shareholder Information - The total number of shareholders at the end of the reporting period was 33,007[16]. - The largest shareholder, Ningbo Urban Construction Investment Holding Co., Ltd., held 76.95% of the shares[16]. Investments and Projects - The Tianyi Plaza renovation project has a preliminary budget of 80 million, with 45 million already invested by the end of Q1 2021[24]. - The company plans to invest 258.2065 million in the relocation project of the cement grinding system, expecting annual revenue of 805.7 million and profit of 16.02 million[25]. - The company successfully sold 21% of its stake in Ningbo Yongshun Building Materials Technology Co., Ltd. for 10.411212 million[26]. Other Financial Metrics - Non-operating income for the period included RMB 9,979,293.04 from entrusted management fees[15]. - The company reported a total of RMB 2,045,728.85 in government subsidies related to normal business operations[15]. - Income tax expenses increased by 87.52%, mainly due to an increase in total profit[21]. - The company reported a financial income of ¥4,006,684.02, compared to ¥4,608,336.67 in the previous year[48]. - Research and development expenses were not explicitly detailed but are included in the total operating costs[48].