LYG(SH:600876)2021-04-29 16:00Financial Performance - Net profit attributable to shareholders reached CNY 140,710,410.87, a significant increase of 4,478.75% year-on-year[11] - Operating revenue for the quarter was CNY 794,337,982.90, representing a 96.77% increase compared to the same period last year[11] - The company reported a net profit excluding non-recurring gains and losses of CNY 136,026,866.05, a 72,470.26% increase year-on-year[11] - The company's net profit for the first quarter of 2021 was CNY 156,552,869.49, a significant increase from CNY 12,939,873.42 in the same period of 2020, representing a growth of approximately 1,113%[42] - Total comprehensive income for the first quarter was CNY 156,552,869.49, compared to CNY 12,939,873.42 in the previous year, showing a growth of approximately 1,113%[44] Revenue and Costs - The operating cost for the quarter was CNY 459,395,380.14, reflecting a 55.80% increase compared to the previous year due to higher production and sales volume[17] - The total operating costs for Q1 2021 were RMB 609,227,817.96, compared to RMB 386,956,237.69 in Q1 2020, reflecting an increase of about 57.2%[38] - The total revenue from sales of goods and services received in Q1 2021 was CNY 591,942,252.78, compared to CNY 300,640,589.29 in Q1 2020, marking an increase of approximately 96.7%[50] Cash Flow and Liquidity - Net cash flow from operating activities improved to CNY 37,336,075.86, a turnaround from a negative cash flow of CNY -37,488,584.74 in the previous year[11] - The net cash flow from operating activities reached ¥37,336,075.86, a remarkable increase compared to the previous period[19] - The total operating cash inflow for Q1 2021 was CNY 606,602,210.53, a significant increase from CNY 316,725,661.23 in Q1 2020, representing an increase of approximately 91.3%[50] - The cash and cash equivalents increased by 109.89% to ¥631,656,328.29, reflecting improved liquidity[19] - The cash and cash equivalents at the end of Q1 2021 amounted to CNY 469,160,242.21, up from CNY 233,236,238.34 at the end of Q1 2020, reflecting a year-over-year increase of approximately 100.9%[53] Assets and Liabilities - Total assets increased by 4.92% to CNY 5,880,536,551.76 compared to the end of the previous year[11] - The total liabilities rose to ¥3,928,702,055.83, an increase from ¥3,809,294,184.73, indicating a growth of 3.12%[30] - The total current assets reached RMB 983,656,968.17, an increase from RMB 826,131,633.09 in the previous year[36] - The total liabilities as of March 31, 2021, were RMB 1,745,906,850.03, compared to RMB 1,575,428,684.54 at the end of 2020, indicating an increase of approximately 10.8%[38] Shareholder Information - The number of shareholders at the end of the reporting period was 41,471, with the top ten shareholders holding a significant portion of shares[14] - The company reported a total equity attributable to shareholders of RMB 1,767,288,632.68, up from RMB 1,626,578,221.81[36] Research and Development - Research and development expenses surged by 262.83% year-on-year, amounting to ¥54,911,438.15, indicating a strong commitment to innovation[19] - Research and development expenses surged to CNY 54,911,438.15, up from CNY 15,134,144.68, indicating a growth of approximately 263%[42] Financial Ratios - The weighted average return on equity rose to 8.29%, an increase of 8.05 percentage points from the previous year[11] - Basic earnings per share increased to CNY 0.2565, up 4,480.36% year-on-year[11] - The company's basic earnings per share for Q1 2021 was CNY 0.2565, compared to CNY 0.0056 in Q1 2020, reflecting a substantial increase[44]