GGITG(SH:601086)2021-04-29 16:00Financial Performance - Operating revenue rose by 52.81% to CNY 311,503,711.19 year-on-year[5] - Net profit attributable to shareholders increased by 235.86% to CNY 42,423,480.23 compared to the same period last year[5] - The company reported a net profit excluding non-recurring gains and losses of CNY 42,547,331.74, a 311.43% increase year-on-year[5] - Net profit for the reporting period reached 42.42 million yuan, an increase of 29.79 million yuan, or 235.86%, compared to the same period last year[14] - The company's operating revenue for Q1 2021 was CNY 67,493,257.02, a significant increase of 298.5% compared to CNY 16,895,253.07 in Q1 2020[33] - The net profit for Q1 2021 reached CNY 42,423,480.23, compared to a net profit of CNY 12,631,374.86 in Q1 2020, reflecting a growth of 236.5%[31] - The total comprehensive income for Q1 2021 was CNY 23,743,968.37, compared to a loss of CNY 19,369,959.41 in Q1 2020[31] - Basic and diluted earnings per share both increased by 200% to CNY 0.06[5] Assets and Liabilities - Total assets increased by 14.30% to CNY 2,989,691,299.17 compared to the end of the previous year[5] - The company’s total assets reached 2.99 billion yuan, an increase from 2.62 billion yuan at the beginning of the period[24] - Total liabilities as of March 31, 2021, were CNY 1,007,273,346.79, compared to CNY 564,059,722.33 at the end of 2020, indicating a significant increase[29] - The company’s non-current assets totaled CNY 1,518,020,509.59 as of March 31, 2021, an increase from CNY 1,379,466,439.70 at the end of 2020[28] Cash Flow - Net cash flow from operating activities improved significantly, reaching CNY 94,453,728.37, a 227.00% increase from the previous year[5] - Cash flow from operating activities increased by 168.83 million yuan, a growth of 227% compared to the same period last year, driven by increased revenue[16] - The net cash flow from operating activities for Q1 2021 was ¥151,580,929.43, recovering from a negative cash flow of ¥41,770,843.34 in the same period last year[39] - The company’s cash flow from financing activities was notably positive, contrasting with a negative cash flow of -¥2,223,049.19 in Q1 2020[40] Shareholder Information - The total number of shareholders reached 26,213 by the end of the reporting period[10] - The top shareholder, Zhang Guofang, holds 42.12% of the shares, amounting to 280,500,000 shares[10] Financial Expenses and Costs - The company recorded a financial expense increase of 575.93 thousand yuan, up 69.70%, mainly due to the first-time implementation of new leasing standards[15] - The company’s financial expenses for Q1 2021 were CNY 1,402,199.64, compared to CNY 826,265.35 in Q1 2020, reflecting an increase in financial costs[30] - The company incurred sales expenses of CNY 7,268,285.09 in Q1 2021, slightly higher than CNY 6,865,921.85 in Q1 2020[33] Other Financial Metrics - The weighted average return on equity increased by 1.56 percentage points to 2.26%[5] - Short-term borrowings increased by 100 million yuan, a rise of 200%, mainly due to increased working capital loans[13] - Other current liabilities rose by 7.04 million yuan, up 56.46%, primarily due to taxes on unconsumed membership cards[13] - Contract liabilities increased by 32.64 million yuan, up 34.12%, mainly due to an increase in unused membership cards[13]