LSGC(SH:600738)2021-04-29 16:00Financial Performance - Net profit attributable to shareholders was CNY 43,996,908.13, representing a year-on-year increase of 34.29%[4] - Operating income for the period was CNY 167,948,417.37, reflecting a growth of 0.90% compared to the same period last year[4] - Basic earnings per share increased by 35.71% to CNY 0.057 from CNY 0.042 in the previous year[4] - The weighted average return on net assets rose to 2.58%, an increase of 0.55 percentage points year-on-year[4] - Total revenue for Q1 2021 was CNY 167,948,417.37, a slight increase of 0.9% compared to CNY 166,449,131.37 in Q1 2020[24] - Net profit for Q1 2021 reached CNY 43,996,908.13, representing a 34.3% increase from CNY 32,762,347.96 in Q1 2020[25] - Earnings per share (EPS) for Q1 2021 was CNY 0.057, up from CNY 0.042 in Q1 2020, indicating improved profitability[25] Cash Flow - Cash flow from operating activities was CNY 39,090,487.60, a significant recovery from a negative cash flow of CNY -41,655,699.91 in the same period last year[4] - The net cash flow from operating activities increased by CNY 80.75 million in Q1 2021 compared to the same period last year, driven by increased cash receipts from sales and reduced tax payments[14] - The net cash flow from operating activities for Q1 2021 was 39,090,487.60 RMB, compared to a net outflow of -41,655,699.91 RMB in Q1 2020, indicating a significant turnaround[28] - The company’s financing activities resulted in a net cash outflow of -8,229,260.02 RMB in Q1 2021, compared to -18,257,388.38 RMB in Q1 2020, showing an improvement in cash management[28] - The company reported a total cash outflow of $50,685,230.10 for the quarter, reflecting ongoing financial challenges[32] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,341,159,929.27, a decrease of 0.12% compared to the end of the previous year[4] - The total assets as of March 31, 2021, amounted to CNY 3,341.16 million, slightly down from CNY 3,345.21 million at the end of 2020[19] - The total liabilities as of March 31, 2021, were CNY 1,612.39 million, compared to CNY 1,660.45 million at the end of 2020, indicating a reduction in liabilities[20] - Total liabilities amounted to CNY 1,025,264,524.59, a minor decrease from CNY 1,025,670,800.30 at the end of 2020[24] - Shareholders' equity totaled CNY 1,674,190,059.07, compared to CNY 1,674,631,846.89 at the end of 2020, reflecting a stable equity position[24] Operating Costs and Expenses - The company reported a decrease in operating costs by 36.58% to CNY 49,071,435.14 compared to CNY 77,369,856.87 in the previous year[12] - In Q1 2021, the company's operating costs decreased by CNY 28.30 million, a decline of 36.58%, primarily due to reduced sales of office buildings[13] - Sales expenses in Q1 2021 decreased by CNY 5.77 million, a decline of 37.17%, mainly attributed to reductions in advertising, employee salaries, and electricity costs[13] - Management expenses increased by CNY 6.57 million in Q1 2021, an increase of 31.39%, primarily due to higher depreciation costs for self-owned properties[13] - The company incurred sales expenses of 10,360.38 RMB in Q1 2021, significantly lower than 29,136.99 RMB in Q1 2020, indicating improved cost management[27] Future Plans and Strategies - The company plans to continue focusing on market expansion and new product development to drive future growth[4] - The company plans to continue focusing on cost reduction strategies and enhancing operational efficiency to drive future growth[25] Shareholder Information - The number of shareholders at the end of the reporting period was 23,789[9] - The company’s major shareholder, Honglou Group Co., Ltd., holds 36.29% of the shares, with 215,350,000 shares pledged[9] Compliance and Reporting - The company did not apply the new leasing standards for the current reporting period, indicating a potential area for future compliance[33] - There were no adjustments made for prior period comparative data under the new leasing standards, suggesting stability in accounting practices[33] - The company has not issued an audit report for this quarter, which may affect investor confidence[33]