Shanghai Lonyer(SH:603003)2021-04-27 16:00Financial Performance - Net profit attributable to shareholders was CNY 16.78 million, a significant recovery from a loss of CNY 38.87 million in the same period last year[5]. - Operating revenue for the quarter was CNY 1.65 billion, representing a decrease of 11.77% year-on-year[5]. - Basic earnings per share were CNY 0.0423, recovering from a loss of CNY 0.0933 per share in the previous year[5]. - The company reported a total comprehensive income of ¥18,684,096.54 for Q1 2021, compared to a loss of ¥48,848,410.46 in Q1 2020[33]. - Net profit for Q1 2021 was ¥17,088,154.75, a significant recovery from a net loss of ¥53,297,285.28 in Q1 2020[33]. - The company achieved an investment income of ¥2,330,208.45 in Q1 2021, recovering from a loss of ¥9,433,749.56 in Q1 2020[32]. Assets and Liabilities - Total assets at the end of the reporting period reached approximately CNY 4.30 billion, an increase of 1.16% compared to the end of the previous year[5]. - Total liabilities increased from CNY 432,610,049.24 at the end of 2020 to CNY 504,480,466.37[26]. - Total current assets amounted to CNY 2,259,999,833.80, with cash and cash equivalents at CNY 554,479,601.73 and accounts receivable at CNY 560,753,755.93[44]. - Current liabilities were CNY 376,165,194.10, with short-term borrowings at CNY 198,795,469.00 and accounts payable at CNY 48,722,346.32[45]. - Total liabilities amounted to CNY 432,610,049.24, indicating a manageable debt level[45]. Cash Flow - The net cash flow from operating activities was negative at CNY 471.78 million, compared to a negative CNY 69.47 million in the previous year[5]. - Cash flow from operating activities showed a net outflow of RMB 471.8 million, worsening from a net outflow of RMB 69.5 million in the previous year[12]. - The total cash inflow from operating activities was 1,630,208,988.38 RMB, down from 2,604,948,097.16 RMB in the same period last year, reflecting a decrease of approximately 37%[37]. - The company experienced a net cash outflow from investing activities of 427,585,742.85 RMB, which is an increase from 265,879,140.54 RMB in Q1 2020, indicating increased investment expenditures[38]. - Cash and cash equivalents at the end of Q1 2021 were 368,794,179.80 RMB, down from 778,091,706.23 RMB at the end of Q1 2020, representing a decrease of about 53%[39]. Shareholder Information - The total number of shareholders reached 20,892 by the end of the reporting period[9]. - The top shareholder, Shanghai Longyu Holdings Co., Ltd., held 28.12% of the shares, totaling 117,142,149 shares[9]. - Shareholders' equity totaled ¥3,797,858,539.30 at the end of Q1 2021, slightly down from ¥3,841,327,774.56 in Q1 2020[29]. Expenses and Investments - Sales expenses increased by 49.15% from RMB 3.0 million to RMB 4.5 million due to new business development costs[12]. - Research and development expenses were reported at RMB 4.6 million, with no comparable figure from the previous year[12]. - The company incurred research and development expenses of ¥4,597,806.39 in Q1 2021[32]. - Investment cash outflow decreased by 95.61% from RMB 683.3 million to RMB 30.0 million as the company reduced temporary investments[12]. Future Outlook - The company is focusing on expanding its non-current asset investments, particularly in fixed and intangible assets, to support future growth[44]. - The company plans to enhance its market position through strategic investments and potential acquisitions in the upcoming quarters[44]. - Future guidance indicates a positive outlook for revenue growth driven by new product launches and market expansion strategies[44].