Fenglin Group(SH:601996)2021-04-29 16:00Financial Performance - Net profit attributable to shareholders was CNY 17,786,519.00, representing a significant increase of 252.93% year-on-year[6]. - Operating revenue reached CNY 390,719,674.35, marking a growth of 171.63% compared to the same period last year[6]. - Basic earnings per share increased to CNY 0.016, up 260.00% from a loss of CNY -0.010 in the same period last year[6]. - The weighted average return on equity improved to 0.62%, an increase of 1.04 percentage points compared to the previous year[6]. - The company reported a significant increase in other income, which rose by 315.89% to RMB 8,453,542.96, mainly due to increased VAT refunds[14]. - Operating profit for Q1 2021 was ¥17,448,393.92, recovering from a loss of ¥12,241,977.12 in Q1 2020[28]. - Net profit for Q1 2021 was ¥17,491,903.55, compared to a net loss of ¥12,832,080.05 in Q1 2020, marking a turnaround[28]. - The company experienced a comprehensive loss of ¥1,420,498.47 in Q1 2021, a significant improvement from a loss of ¥93,191,438.64 in Q1 2020[30]. Cash Flow - The net cash flow from operating activities was CNY 110,307,092.11, a turnaround from a negative cash flow of CNY -66,160,138.35 in the previous year, reflecting a 266.73% improvement[6]. - The net cash flow from operating activities improved to 110,307,092.11 RMB in Q1 2021, compared to a negative cash flow of -66,160,138.35 RMB in Q1 2020[35]. - Cash inflow from operating activities in Q1 2021 reached ¥598.77 million, a significant increase from ¥43.74 million in Q1 2020, representing a growth of approximately 1263%[37]. - Net cash flow from operating activities turned positive at ¥4.13 million in Q1 2021, compared to a negative cash flow of ¥55.81 million in Q1 2020[37]. - The company reported a net cash flow from investing activities of 767,849,180.95 RMB in Q1 2021, compared to 191,546,912.77 RMB in Q1 2020, indicating a substantial increase in investment cash flow[35]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,803,668,810.25, a decrease of 0.79% compared to the end of the previous year[6]. - The company's current assets totaled CNY 2,222,250,216.31, down from CNY 2,285,801,879.80, indicating a decrease of about 2.77%[20]. - Total liabilities rose to CNY 948,528,756.85 from CNY 926,630,332.91, which is an increase of about 2.2%[22]. - The company's equity attributable to shareholders decreased to CNY 2,850,152,090.61 from CNY 2,893,089,863.54, a decline of approximately 1.48%[22]. - Non-current liabilities totaled CNY 171,445,230.90, reflecting an increase of CNY 7,522,028.85[42]. - Total current assets were reported at ¥2.29 billion in Q1 2021, showing a minor increase from ¥2.28 billion in the previous year[41]. Shareholder Information - The total number of shareholders at the end of the reporting period was 29,372[9]. - The largest shareholder, Fenglin International Limited, held 40.06% of the shares, totaling 458,946,000 shares[9]. - The company has repurchased a total of 14,351,082 shares, accounting for 1.25% of the total share capital, with a total expenditure of RMB 40,780,639.45[17]. Operational Developments - The company has not disclosed any new product developments or market expansion strategies in this report[4]. - The company plans to invest a total of RMB 1.558 billion in the construction of a wood industry production base in Beihai, with the first phase costing RMB 886 million[15]. - The company has appointed Samuel Nian Liu as the new chairman of the board to enhance leadership and ensure sustainable development[15]. Other Financial Metrics - Operating costs for Q1 2021 were RMB 293,560,871.43, reflecting a 193.28% increase from RMB 100,095,177.43 in the same period last year[14]. - Financial expenses increased by 54.67% to RMB 4,446,753.49, attributed to foreign currency loan exchange losses[14]. - Research and development expenses for Q1 2021 were ¥5,332,318.00, slightly up from ¥5,268,618.24 in Q1 2020[28].