Lifan(SH:601777)2021-04-28 16:00Financial Performance - Operating revenue for the first quarter was CNY 840,059,069.45, representing an increase of 48.89% year-on-year[11]. - Net profit attributable to shareholders was CNY 15,863,382.23, a significant recovery from a loss of CNY 197,380,256.94 in the same period last year[11]. - Basic and diluted earnings per share were both CNY 0.0035, recovering from a loss of CNY 0.1510 per share in the previous year[11]. - Total operating revenue for Q1 2021 was approximately ¥840.06 million, a 49% increase from ¥564.23 million in Q1 2020[63]. - Net profit for Q1 2021 was approximately ¥12.76 million, a significant recovery from a net loss of ¥199.27 million in Q1 2020[65]. - Earnings per share for Q1 2021 were ¥0.0035, compared to a loss per share of ¥0.1510 in Q1 2020[65]. Cash Flow - Net cash flow from operating activities was CNY 663,773,214.98, a turnaround from a negative cash flow of CNY 120,176,792.26 in the previous year[11]. - Cash inflow from operating activities reached 1,563,156,482.54, an increase from 1,390,769,480.22 in the same quarter last year[77]. - Total cash outflow from operating activities was 899,383,267.56, down from 1,510,946,272.48 in the previous year[77]. - The net cash flow from investing activities was -6,060,750.13, compared to a positive 12,682,591.87 in the previous year[78]. - Net cash flow from financing activities was -302,424,309.15, a decrease from 106,949,666.23 in the same quarter last year[78]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 17,630,301,454.94, a decrease of 1.73% compared to the end of the previous year[11]. - The company's net assets attributable to shareholders increased slightly by 0.21% to CNY 10,096,788,918.78 compared to the end of the previous year[11]. - Total liabilities decreased from 6,728,554,623.02 to 6,400,063,890.90, representing a decrease of approximately 4.88%[49]. - Non-current liabilities decreased from 4,342,494,366.72 to 4,153,691,631.30, a reduction of about 4.35%[49]. - Total current liabilities decreased from 2,386,060,256.30 to 2,246,372,259.60, a decline of approximately 5.86%[48]. Shareholder Information - The total number of shareholders at the end of the reporting period was 44,485, with the largest shareholder holding 29.81% of the shares[18]. - The company's equity attributable to shareholders increased from 10,075,401,049.68 to 10,096,788,918.78, an increase of approximately 0.21%[49]. - The company's total equity increased from 11,211,948,830.08 to 11,230,237,564.04, representing an increase of about 0.16%[49]. Cost Management - The company's financial expenses decreased by 78.80%, from RMB 154,682,160.10 to RMB 32,799,021.09, indicating reduced interest expenses due to a smaller financing amount[23]. - The company reported a decrease in sales expenses by 40.73%, from RMB 66,663,150.00 to RMB 39,508,029.82, primarily due to reduced labor and after-sales service costs[23]. - Research and development expenses decreased to approximately ¥14.92 million in Q1 2021 from ¥20.86 million in Q1 2020, a reduction of about 28.5%[63]. Future Outlook - The company plans to continue expanding its market presence and invest in new product development to drive future growth[11]. - The company has not reported any significant changes in its commitments or forecasts for net profit for the upcoming reporting period[42].