YouFa(SH:601686)2021-04-29 16:00Financial Performance - Operating revenue rose by 69.17% to CNY 11,807,106,724.82 year-on-year[12] - Net profit attributable to shareholders increased by 119.80% to CNY 309,243,587.96 compared to the same period last year[12] - Basic earnings per share doubled to CNY 0.22, up 100% from CNY 0.11 in the previous year[15] - Net profit after deducting non-recurring gains and losses increased by 56.93% to CNY 273,357,023.07 compared to the same period last year[12] - The company's net profit tax expenses increased by 152.27% to ¥111,554,302.54, reflecting a rise in total profit compared to the previous period[26] - Net profit for Q1 2021 was ¥324,331,849.91, compared to ¥146,175,875.99 in Q1 2020, indicating an increase of about 121.5%[50] - The total comprehensive income for Q1 2021 was CNY 324.33 million, compared to CNY 146.18 million in Q1 2020, indicating significant growth[58] Assets and Liabilities - Total assets increased by 16.01% to CNY 13,736,214,976.92 compared to the end of the previous year[12] - The company's accounts receivable increased by 127.59% to ¥882,218,440.56, attributed to higher sales volume and price increases[21] - The company's inventory rose by 47.58% to ¥4,082,996,632.09, primarily due to stockpiling and rising inventory prices[23] - The company's short-term borrowings increased by 46.29% to ¥2,602,077,867.82, mainly due to increased bank loans[23] - The company reported a total equity of approximately ¥5.93 billion, a decrease from ¥6.26 billion year-over-year, primarily due to changes in retained earnings[38] - Total liabilities as of March 31, 2021, were ¥2,225,474,439.27, a decrease from ¥2,321,160,992.23 in the previous year[44] - Total current liabilities were approximately ¥4.84 billion, with short-term borrowings of ¥1.78 billion[70] Cash Flow - Net cash flow from operating activities improved by 2.18% to CNY -1,091,615,271.83 year-on-year[12] - Cash received from operating activities increased by 59.46% to ¥13,385,763,962.63, driven by higher sales and price increases[26] - Cash inflow from operating activities totaled CNY 13.55 billion, up from CNY 8.43 billion in Q1 2020, indicating strong operational cash generation[58] - Cash inflow from investment activities totaled 3,186,504,572.86 CNY, compared to 1,970,231,002.11 CNY in the previous year, indicating a significant increase[60] - The company reported a net decrease in cash and cash equivalents of -394,186,887.06 CNY, an improvement from -680,842,784.29 CNY in the previous year[63] Shareholder Information - The total number of shareholders at the end of the reporting period was 56,438[17] - The largest shareholder, Li Maojin, holds 19.51% of the shares, totaling 275,358,000 shares[17] Research and Development - The company's R&D expenses skyrocketed by 23268.74% to ¥1,552,499.62, as previous pandemic-related project reductions were reversed[26] - Research and development expenses for Q1 2021 were ¥1,552,499.62, compared to only ¥6,643.49 in Q1 2020, showing a substantial increase in investment in innovation[46] Future Plans - The company plans to continue expanding its market presence and investing in new technologies and products to drive future growth[30] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[42] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[58]