SPM(SH:601900)2021-04-27 16:00Financial Performance - Net profit attributable to shareholders increased by 39.43% to CNY 158,400,875.69 year-on-year[12] - Operating revenue rose by 18.46% to CNY 1,706,075,184.01 compared to the same period last year[12] - Basic earnings per share increased by 38.46% to CNY 0.18[12] - The company's operating profit for the current period reached ¥40,737,687.10, a significant increase from ¥21,053,019.75 in the previous period, representing a growth of approximately 93.5%[50] - The total profit amounted to ¥38,627,687.10, compared to ¥21,044,433.66 in the same period last year, indicating an increase of about 83.9%[50] - The net profit for the current period was ¥38,627,687.10, which is a substantial rise from ¥21,044,433.66, reflecting an increase of approximately 83.9%[50] - Total operating revenue for Q1 2021 reached ¥1,706,075,184.01, an increase of 18.5% compared to ¥1,440,199,094.91 in Q1 2020[44] - Net profit for Q1 2021 was ¥157,207,663.86, representing a 39.4% increase from ¥112,713,980.96 in Q1 2020[46] - Earnings per share for Q1 2021 were ¥0.18, compared to ¥0.13 in Q1 2020, reflecting a 38.5% increase[46] Assets and Liabilities - Total assets increased by 9.36% to CNY 12,528,659,371.36 compared to the end of the previous year[12] - Non-current assets totaled ¥6,497,969,965.14, compared to ¥6,245,500,595.86, indicating an increase of about 4.03%[34] - Current liabilities rose to ¥4,680,452,873.11 from ¥4,061,599,478.74, reflecting an increase of approximately 15.25%[34] - Total liabilities reached ¥5,601,131,557.47, up from ¥4,685,673,363.21, marking a growth of around 19.5%[34] - Owner's equity increased to ¥6,927,527,813.89 from ¥6,770,320,150.03, showing an increase of about 2.33%[34] - Total liabilities as of the reporting date amounted to ¥3,933,270,288.18, slightly up from ¥3,927,479,500.30 in the previous period[44] - Total equity increased to ¥4,748,231,967.93 from ¥4,709,604,280.83, indicating a growth of 0.82%[44] Cash Flow - Net cash flow from operating activities improved by 41.57%, reaching CNY -253,683,768.07[12] - Cash inflow from operating activities was ¥1,127,896,888.30, compared to ¥645,303,381.80 in the previous year, marking an increase of around 74.8%[52] - The net cash flow from operating activities was -¥253,683,768.07, an improvement from -¥434,152,291.95 in the previous year, showing a reduction in losses[52] - Cash inflow from investment activities totaled ¥372,994,892.80, significantly higher than ¥61,348,918.36 in the previous year, indicating a growth of approximately 508.5%[54] - Cash inflow from financing activities was ¥122,847,918.68, compared to ¥45,567,887.30 in the previous year, representing an increase of about 169.5%[54] - The ending cash and cash equivalents balance was ¥1,577,580,641.27, compared to ¥940,736,386.85 in the previous year, indicating an increase of approximately 77.5%[54] Shareholder Information - The total number of shareholders at the end of the reporting period was 28,087[18] - The largest shareholder, Guangdong Publishing Group Co., Ltd., held 54.71% of the shares[18] Other Financial Metrics - The weighted average return on equity increased by 0.52 percentage points to 2.38%[12] - The company reported a decrease in non-current asset disposal losses of CNY -114,139.70[15] - Non-recurring gains and losses included government subsidies of CNY 7,789,107.40[15] - Accounts receivable increased by 43.86% to CNY 2,105,929,855.44 from CNY 1,463,925,189.04, mainly due to outstanding payments for the 2021 spring teaching materials[22] - Other current assets rose significantly by 131.12% to CNY 149,178,612.14 from CNY 64,546,802.96, attributed to provisional estimates during the reporting period[22] - Long-term borrowings increased by 68.57% to CNY 254,290,085.62 from CNY 150,850,578.43, primarily due to loans for cultural property projects[23] - The company reported a significant increase in cash flow from financing activities, up 1565.01% to CNY 103,705,435.88 from CNY 6,228,522.31, due to increased loans for cultural property projects[23] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[42] - The company’s cash flow from operating activities remains strong, supporting ongoing investments and strategic initiatives[42]