SUNNY LOAN TOP(SH:600830)2021-04-22 16:00Financial Performance - Net profit attributable to shareholders increased by 262.79% to CNY 19,626,339.76 compared to the same period last year[6]. - Operating revenue rose by 61.24% to CNY 33,274,946.25 compared to the previous year[6]. - Basic earnings per share increased by 258.33% to CNY 0.043 per share[6]. - The total revenue for the reporting period was CNY 60,176,205.40, a 34.98% increase year-on-year[6]. - The net profit after deducting non-recurring gains and losses was CNY 20,237,799.68, up 243.79% from the previous year[6]. - Net profit for Q1 2021 reached CNY 29,251,150.96, representing a 164.5% increase from CNY 11,064,928.39 in Q1 2020[39]. - Total operating revenue for Q1 2021 was CNY 60,176,205.40, an increase of 35.2% compared to CNY 44,580,426.16 in Q1 2020[38]. Assets and Liabilities - Total assets increased by 10.31% to CNY 3,292,927,020.49 compared to the end of the previous year[6]. - Current assets totaled 943,263,363.54 RMB as of March 31, 2021, down from 1,080,175,766.65 RMB at the end of 2020[32]. - The total liabilities increased to 581,168,003.03 RMB as of March 31, 2021, compared to 302,728,271.31 RMB at the end of 2020[33]. - Total liabilities rose to CNY 437,456,503.65 in Q1 2021, up from CNY 230,725,389.94 in Q1 2020, indicating an increase of 89.8%[36]. - The company's equity attributable to shareholders rose to 2,099,781,057.91 RMB from 2,080,154,718.15 RMB[33]. Cash Flow - Net cash flow from operating activities decreased by 2,588.57% to -CNY 278,646,160.84 compared to the same period last year[6]. - The company's net cash flow from operating activities turned negative at -278,646,160.84 RMB in Q1 2021, compared to a positive 11,197,035.15 RMB in Q1 2020[44]. - Cash inflow from operating activities decreased to 182,600,640.24 RMB in Q1 2021 from 216,335,136.56 RMB in Q1 2020, representing a decline of about 15.6%[43]. - The company reported a total cash outflow from operating activities of 461,246,801.08 RMB in Q1 2021, significantly higher than 205,138,101.41 RMB in Q1 2020[44]. - The ending cash and cash equivalents balance decreased to 521,234,995.06 RMB in Q1 2021 from 1,111,028,904.86 RMB in Q1 2020, reflecting a decline of approximately 53%[45]. Shareholder Information - The company reported a total of 32,642 shareholders at the end of the reporting period[10]. - The top shareholder, Zhejiang Xiangyi Holdings Co., Ltd., held 15.26% of the shares, totaling 69,342,233 shares[10]. Investments and Guarantees - Guarantee income increased by 104.25% year-on-year, amounting to ¥14,923,947.47, primarily due to the growth in non-financial guarantee business[12]. - The company recorded an investment income of ¥8,911,318.35, a remarkable increase of 758.68% year-on-year, due to returns from investment projects[12]. - The company has invested a total of ¥20,000,000 in the Hangzhou Yunhui Investment Partnership for new real estate projects, with fixed returns expected[19]. - The company confirmed guarantee income of ¥51.88 million from the "Xiangyi Loan Guarantee" business during the first quarter[18]. Legal Matters - The company initiated a lawsuit against Gao Weimin for a total claim of 34 million RMB in partnership share buyback, along with additional claims for investment returns and penalties[26]. - The company has ongoing litigation related to information disclosure violations, which may impact future financial performance[29]. - As of the report date, the company has received 28 lawsuits with a total claim amount of 8.9011 million RMB related to securities false statement disputes[29]. Operational Efficiency - The company reported a significant decrease in sales expenses by 65.02% to ¥499,155.57, reflecting reduced trade business activities[12]. - Operating costs decreased to CNY 26,854,476.22 in Q1 2021 from CNY 28,466,103.60 in Q1 2020, a reduction of 5.7%[38]. - The company reported a decrease in management expenses to CNY 18,379,756.32 in Q1 2021 from CNY 15,196,440.64 in Q1 2020, reflecting an increase of 21.5%[38].