CHIC(SH:601608)2021-04-26 16:00Financial Performance - Operating revenue for the period reached CNY 1.89 billion, representing a significant increase of 74.66% year-on-year[4] - Net profit attributable to shareholders was CNY 63.29 million, up 201.23% from the same period last year[4] - Basic earnings per share increased to CNY 0.0146, reflecting a growth of 204.17% year-on-year[4] - The weighted average return on net assets rose to 0.86%, an increase of 0.57 percentage points compared to the previous year[4] - The company reported non-recurring gains of CNY 38.51 million during the period[6] - Total operating revenue for Q1 2021 was ¥1,885,394,875.02, a 74.5% increase from ¥1,079,456,899.56 in Q1 2020[21] - Net profit for Q1 2021 reached ¥67,698,585.60, compared to ¥21,237,605.78 in Q1 2020, representing a 218.5% increase[22] - The company’s total comprehensive income for Q1 2021 was ¥57,672,972.08, compared to ¥16,614,129.63 in Q1 2020, reflecting a 246.5% increase[22] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -389.95 million, compared to CNY -202.81 million in the previous year[4] - Cash and cash equivalents decreased by 30.35% to ¥1,728,935,891.17 from ¥2,482,460,615.04 due to increased expenditures in emerging business operations[12] - The company reported a net cash inflow from operating activities of ¥2,021,692,766.66, a 39.31% increase from ¥1,451,168,901.96, attributed to higher revenue[14] - Cash and cash equivalents decreased to CNY 1,515,468,902.55 from CNY 2,175,388,530.19, a significant drop of about 30.3%[18] - The company’s cash inflow from operating activities totaled approximately ¥2.09 billion in Q1 2021, compared to ¥1.57 billion in Q1 2020, an increase of 32.8%[25] - The total cash outflow from operating activities in Q1 2021 was 1,615,623,226.58 RMB, compared to 1,141,210,698.07 RMB in Q1 2020, reflecting increased operational expenses[28] Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 20.17 billion, a decrease of 0.11% compared to the end of the previous year[4] - The total current assets amounted to ¥11,910,235,762.81, slightly up from ¥11,904,672,180.51, indicating stable liquidity[16] - Current liabilities decreased to CNY 10,753,634,231.78 from CNY 10,822,593,476.08, a reduction of about 0.64%[17] - Non-current liabilities totaled CNY 1,726,340,548.48, down from CNY 1,737,416,407.68, reflecting a decrease of approximately 0.52%[18] - The total liabilities decreased to CNY 12,479,974,780.26 from CNY 12,560,009,883.76, a decline of about 0.64%[18] - The total equity attributable to shareholders increased to CNY 7,358,058,683.20 from CNY 7,304,796,977.73, reflecting a growth of approximately 0.73%[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 107,857[7] - The largest shareholder, China CITIC Limited, held 60.49% of the shares[7] Research and Development - Research and development expenses rose by 51.05% to ¥126,072,153.12 from ¥83,465,589.64, indicating a commitment to new product development[13] - The company has not disclosed any new product developments or market expansion strategies in this report[3] - Research and development expenses for Q1 2021 totaled ¥126,072,153.12, a significant increase from ¥83,465,589.64 in Q1 2020, marking a 51.1% rise[21] Operational Challenges - The company reported a decrease in other comprehensive income, which worsened to CNY -72,609,363.27 from CNY -62,583,749.75[18] - The net cash flow from operating activities showed a significant decline, highlighting potential challenges in maintaining operational efficiency and profitability[28]