SAILUN GROUP(SH:601058)2021-04-26 16:00Financial Performance - Net profit attributable to shareholders rose by 47.10% to CNY 400,087,123.18 year-on-year[4] - Operating revenue grew by 28.20% to CNY 4,149,101,226.21 compared to the same period last year[4] - Basic earnings per share increased by 36.36% to CNY 0.15 per share[5] - The weighted average return on equity improved by 0.82 percentage points to 4.61%[4] - Total operating revenue for Q1 2021 was CNY 4,149,101,226.21, an increase of 28.2% compared to CNY 3,236,490,963.64 in Q1 2020[23] - Net profit for Q1 2021 reached CNY 403.09 million, up 49.7% from CNY 268.89 million in Q1 2020[26] - Total comprehensive income for Q1 2021 was CNY 446.87 million, compared to CNY 261.88 million in Q1 2020, marking a 70.6% increase[26] Assets and Liabilities - Total assets increased by 9.87% to CNY 23,134,439,642.72 compared to the end of the previous year[4] - The total assets of the company reached CNY 23,134,439,642.72, an increase from CNY 21,056,209,712.01 at the end of the previous year[18] - The total liabilities decreased slightly from CNY 10,866,939,288.64 to CNY 10,514,342,109.05, reflecting a reduction in short-term borrowings[18] - Total liabilities amounted to CNY 5,712,360,642.25, slightly increased from CNY 5,636,237,049.18, indicating a growth of 1.4%[23] - The total liabilities rose from 12,246,028,752.93 RMB to 12,361,201,539.61 RMB, reflecting an increase of 115,172,786.68 RMB[38] Cash Flow - Net cash flow from operating activities increased by 19.22% to CNY 256,417,977.74[4] - In Q1 2021, the company reported a net cash inflow from operating activities of ¥256,417,977.74, compared to ¥215,071,478.16 in Q1 2020, representing an increase of approximately 19.5%[31] - The total cash inflow from operating activities was ¥4,070,598,481.99, up from ¥3,035,567,779.08 in the same period last year, indicating a growth of about 34.2%[31] - The company generated ¥3,951,585,166.09 in cash from sales of goods and services, compared to ¥2,900,866,597.77 in Q1 2020, marking an increase of about 36.2%[29] Shareholder Information - The total number of shareholders reached 48,981 by the end of the reporting period[9] - The largest shareholder, Ruiyuan Dingshi Investment Co., Ltd., holds 13.51% of shares[9] Expenses and Costs - The company's operating costs rose by 33.49% to CNY 3,245,494,994.66, compared to CNY 2,431,278,431.18 in the same period last year, driven by increased sales volume[13] - Research and development expenses surged by 86.50% from CNY 51,536,828.60 to CNY 96,115,073.07, reflecting higher investment in R&D[13] - Total operating costs for Q1 2021 were CNY 3,728.76 million, up 27.5% from CNY 2,922.62 million in Q1 2020[25] Government Support and Non-Recurring Items - The company received government subsidies amounting to CNY 8,768,416.33 related to normal business operations[6] - Non-recurring gains and losses totaled CNY 8,049,203.23 for the reporting period[8] Financial Position Changes - Deferred tax assets increased by 30.25% from CNY 114,197,951.52 to CNY 148,744,179.58, primarily due to the recognition of deductible temporary differences[12] - Employee compensation payable decreased by 62.79% from CNY 307,258,092.66 to CNY 114,318,068.79, mainly due to the payment of performance bonuses accrued at the end of the previous year[12] - Long-term borrowings increased by 53.94% from CNY 1,202,759,580.47 to CNY 1,851,549,948.20, primarily due to an increase in bank long-term loans[12] Inventory and Current Assets - Inventory increased to CNY 704,388,744.42 from CNY 582,633,084.69, reflecting a growth of 20.9%[20] - The company's total current assets amounted to 10,305,991,626.39 RMB, remaining stable compared to the previous period[36] Retained Earnings and Equity - The company maintained a stable level of retained earnings at CNY 1,298,607,017.97 compared to CNY 1,350,259,596.37, showing a slight decrease of 3.8%[23] - Shareholders' equity totaled CNY 10,491,368,008.00, up from CNY 8,810,180,959.08, indicating a growth of 19.1%[23]