Aokanginternational(SH:603001)2021-04-26 16:00Financial Performance - Total revenue for Q1 2021 reached CNY 843,630,164.85, representing a 92.15% increase compared to CNY 439,043,602.46 in the same period last year[5] - Net profit attributable to shareholders was CNY 46,966,499.92, a significant increase of 1,738.42% from CNY 2,554,714.23 in Q1 2020[5] - Basic and diluted earnings per share were both CNY 0.1227, up 1,731.34% from CNY 0.0067 in the same quarter last year[5] - Operating revenue for Q1 2021 reached ¥843.63 million, a 92.15% increase compared to ¥439.04 million in Q1 2020, primarily due to the impact of COVID-19 in the previous year[12] - Operating profit for Q1 2021 was ¥56,122,331.85, compared to ¥10,793,518.91 in Q1 2020, indicating a growth of 419.5%[33] - Net profit for Q1 2021 was ¥59,519,890.54, a substantial rise from ¥11,677,586.12 in Q1 2020, marking an increase of 409.5%[33] - The company reported a total comprehensive income of ¥50,155,081.90 for Q1 2021, compared to ¥5,244,306.25 in Q1 2020[35] Cash Flow and Liquidity - The net cash flow from operating activities was -CNY 204,810,934.43, slightly improved from -CNY 208,992,456.09 in the previous year[5] - Cash received from sales of goods and services was ¥647.68 million, a 40.22% increase from ¥461.90 million in the same period last year, reflecting recovery from the pandemic[14] - Cash inflow from operating activities was ¥706,389,508.03 in Q1 2021, up from ¥519,858,770.62 in Q1 2020[40] - The total cash inflow from operating activities was 150,659,761.70 RMB, up from 121,648,164.48 RMB in the same period last year, representing an increase of about 23.9%[42] - The total cash and cash equivalents at the end of Q1 2021 were 358,513,648.35 RMB, compared to 212,297,938.55 RMB at the end of Q1 2020, showing an increase of about 68.8%[43] - Cash and cash equivalents were reported at ¥411,634,949.22, down from ¥713,130,356.62, indicating a decrease of 42.3%[29] Assets and Liabilities - Total assets decreased by 3.33% to CNY 4,192,458,218.09 from CNY 4,336,947,326.95 at the end of the previous year[5] - Total liabilities decreased to ¥506,173,337.36 from ¥571,023,866.53, representing a reduction of 11.4%[31] - Shareholders' equity increased to ¥3,922,032,063.78 from ¥3,894,836,371.23, reflecting a growth of 0.7%[31] - Total assets as of March 31, 2021, amounted to ¥4,428,205,401.14, slightly down from ¥4,465,860,237.76 at the end of 2020[31] Expenses and Costs - Sales expenses surged by 196.30% to ¥216.82 million from ¥73.17 million, mainly due to the implementation of new revenue standards and increased service fees[12] - The cost of goods sold was ¥477,317,488.96, reflecting a year-over-year increase of 60.91%[18] - Total operating costs for Q1 2021 were ¥763,280,942.73, up from ¥438,744,497.13 in Q1 2020, reflecting a 74.0% increase[33] Market and Growth Strategy - The company plans to continue expanding its market presence and investing in new product development to drive future growth[12] - The company plans to continue investing in new product development and market expansion strategies in the upcoming quarters[39] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,065[9] - The largest shareholder, Aokang Investment Holdings Co., Ltd., held 27.73% of the shares, with a total of 111,181,000 shares[9] Other Financial Metrics - The weighted average return on equity rose to 1.30%, an increase of 1.23 percentage points compared to 0.07% in the previous year[5] - The company reported non-operating income of CNY 9,708,957.79, primarily from government subsidies and other income sources[7] - The company reported a 179.91% increase in taxes payable, reaching ¥39.93 million, due to increased uncollected value-added tax[12] - Research and development expenses increased to ¥7,430,657.34 in Q1 2021, compared to ¥5,368,829.59 in Q1 2020, reflecting a focus on innovation[37]