Tuopu Group(SH:601689)2021-04-26 16:00Financial Performance - Net profit attributable to shareholders rose by 116.41% to CNY 246,045,799.62 year-on-year[6] - Operating revenue surged by 100.80% to CNY 2,426,455,130.26 compared to the same period last year[6] - Basic and diluted earnings per share doubled to CNY 0.22 from CNY 0.11[6] - The company reported a significant increase in research and development expenses, which rose by 47.55% to ¥110,915,721.16, reflecting a commitment to innovation[12] - Net profit for Q1 2021 was ¥248,385,867.45, representing a 118.4% increase from ¥113,941,714.28 in Q1 2020[28] - The total comprehensive income for Q1 2021 was CNY 163,900,996.60, compared to CNY 85,659,090.83 in Q1 2020, showing a growth of approximately 91.3%[33] Assets and Liabilities - Total assets increased by 23.65% to CNY 14,980,110,297.65 compared to the end of the previous year[6] - Total liabilities amounted to CNY 4.94 billion, up from CNY 4.30 billion, which is an increase of around 15%[22] - The total assets of the company as of Q1 2021 amounted to ¥11,977,001,741.22, compared to ¥9,708,102,230.41 in the previous year, reflecting a growth of 23.3%[25] - Total liabilities increased to ¥1,997,343,906.15 in Q1 2021, up from ¥1,870,763,238.68 in Q1 2020, marking an increase of 6.8%[25] Cash Flow - Net cash flow from operating activities increased by 87.30% to CNY 156,558,517.95 year-on-year[6] - The cash inflow from operating activities amounted to CNY 2,552,970,530.87, a significant increase from CNY 1,357,116,637.15 in the previous year, representing a growth of approximately 88.4%[35] - The net cash outflow from investing activities was CNY -1,121,547,271.05, compared to a net inflow of CNY 62,571,994.63 in the same period last year, indicating a substantial shift in investment strategy[35] - The cash inflow from financing activities totaled CNY 2,078,168,244.82, a recovery from a net outflow of CNY -36,591,803.93 in the previous year, reflecting improved capital raising efforts[36] Shareholder Information - The total number of shareholders at the end of the reporting period was 33,807[8] - The largest shareholder, Maike International Holdings (Hong Kong) Limited, holds 62.94% of the shares[8] Government Support and Non-Operating Income - The company received government subsidies amounting to CNY 4,987,951.13 during the reporting period[7] - The company reported a non-operating income of CNY 6,212,191.83, which includes various non-recurring gains[7] Capital Expenditure and Investment - The company completed a private placement of 47,058,823 shares at ¥42.50 per share, raising a total of ¥1,999,999,977.50, with a net amount of ¥1,978,417,846.74 after expenses[17] - The company's investment cash outflow increased significantly by 1150.00% to ¥500,000,000.00, primarily due to increased purchases of financial products[14] - The company reported investment income of CNY 5,026,352.88 for Q1 2021, compared to CNY 3,024,203.44 in Q1 2020, representing an increase of about 66.1%[33] Operational Efficiency - The company's cash and cash equivalents increased by 149.57% to ¥1,964,412,793.20 as of March 31, 2021, primarily due to funds raised from a private placement[11] - The company's cash outflow for purchasing goods and services was CNY 1,905,620,180.14, which is a significant rise from CNY 956,695,013.82 in the previous year, reflecting increased operational activity[35] - The company's operating profit for Q1 2021 was CNY 192,145,174.47, up from CNY 103,833,175.70 in Q1 2020, which is an increase of about 84.8%[33]