CNS(SH:601098)2021-04-26 16:00Financial Performance - Net profit attributable to shareholders of the listed company was ¥262.80 million, representing a growth of 30.06% year-on-year[4]. - Operating revenue for the period was ¥2.10 billion, an increase of 36.49% compared to the same period last year[4]. - Basic earnings per share increased to ¥0.15, up 36.36% from ¥0.11 in the same period last year[5]. - The weighted average return on net assets rose to 1.86%, an increase of 0.39 percentage points year-on-year[4]. - The company reported a net profit of ¥5.82 million from non-recurring gains and losses[5]. - Total operating revenue for Q1 2021 reached ¥2,095,917,122.98, a 36.5% increase from ¥1,535,565,390.79 in Q1 2020[20]. - Net profit for Q1 2021 was ¥279,044,630.41, compared to ¥216,387,932.01 in Q1 2020, reflecting a 28.9% increase[21]. - Total comprehensive income for Q1 2021 was ¥279,044,630.41, compared to ¥216,387,932.01 in Q1 2020[21]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥23.33 billion, an increase of 0.81% compared to the end of the previous year[4]. - Total current assets slightly decreased to CNY 20,045,192,856.79 from CNY 20,049,627,330.39[14]. - Non-current assets totaled CNY 3,284,369,981.07, up from CNY 3,092,288,268.24, indicating an increase of about 6.20%[15]. - Total liabilities amounted to CNY 8,248,282,756.92, down from CNY 8,335,699,567.34, showing a decrease of around 1.05%[16]. - Current liabilities decreased to CNY 7,738,547,731.92 from CNY 7,904,532,537.74, a reduction of approximately 2.10%[16]. - Shareholders' equity rose to CNY 15,081,280,080.94 from CNY 14,806,216,031.29, representing an increase of about 1.85%[16]. Cash Flow - The net cash flow from operating activities was -¥1.97 billion, a decline from -¥1.26 billion in the previous year[4]. - Cash flow from operating activities showed a net outflow of CNY -1,968,437,995.28 in Q1 2021, worsening from CNY -1,255,170,219.20 in Q1 2020[25]. - Total cash outflow from operating activities was CNY 4,333,100,428.71, compared to CNY 2,526,890,033.92 in Q1 2020, reflecting a substantial increase[25]. - The ending cash and cash equivalents balance for Q1 2021 was CNY 9,859,509,636.99, down from CNY 12,021,116,859.10 in Q1 2020[25]. Revenue and Costs - Operating costs increased by 48.01% to CNY 1,211,718,211.45, corresponding to the rise in operating revenue[10]. - Other income grew by 33.61% to CNY 8,775,903.67, mainly from VAT refunds in the publishing sector[10]. - Investment income surged by 64.99% to CNY 19,856,968.21, influenced by returns from joint ventures and financial investments[10]. - The company received government subsidies amounting to ¥5.78 million related to its normal business operations[5]. Shareholder Information - The total number of shareholders at the end of the reporting period was 27,582, with the largest shareholder holding 61.46% of the shares[6]. Other Financial Metrics - Accounts receivable increased by 39.35% to CNY 1,589,318,545.85 due to an increase in funds for free textbooks for compulsory education[9]. - Contract liabilities rose by 70.67% to CNY 1,499,250,364.49, reflecting increased prepayments for book sales through online subscriptions[9]. - Unappropriated profits increased to CNY 6,751,261,174.77 from CNY 6,488,461,823.91, showing a rise of about 4.05%[16]. - Research and development expenses for Q1 2021 were ¥10,225,841.52, up from ¥8,688,385.78 in Q1 2020, indicating a focus on innovation[20]. Company Developments - The company has not disclosed any new product developments or market expansion strategies in this report[3]. - The company has implemented new leasing standards starting from 2021, which may impact future financial reporting[27].