Lianming(SH:603006)2021-04-28 16:00Financial Performance - Operating revenue increased by 100.93% to CNY 208,617,976.12 year-on-year[6] - Net profit attributable to shareholders surged by 2,092.15% to CNY 20,123,191.55 compared to the same period last year[6] - Cash flow from operating activities rose by 74.87% to CNY 91,242,645.53 year-on-year[6] - Basic and diluted earnings per share both increased by 2,100.00% to CNY 0.11[6] - Total operating revenue for Q1 2021 reached ¥208,617,976.12, a significant increase of 100.7% compared to ¥103,827,500.34 in Q1 2020[31] - Net profit for Q1 2021 was ¥21,110,277.03, up 563.5% from ¥3,185,370.17 in Q1 2020[32] - Total profit for Q1 2021 was ¥28,430,797.04, compared to ¥3,826,012.97 in Q1 2020, reflecting a substantial increase of 642.5%[32] Assets and Liabilities - Total assets decreased by 5.56% to CNY 1,902,090,218.60 compared to the end of the previous year[6] - Total current assets amounted to CNY 1,095,215,921.35 as of January 1, 2021[46] - Total non-current assets reached CNY 918,750,478.59, contributing to total assets of CNY 2,013,966,399.94[47] - Total liabilities decreased from CNY 497,270,028.02 to CNY 403,009,944.16, a decline of about 19.0%[28] - Non-current liabilities decreased significantly from CNY 109,186,707.93 to CNY 36,994,112.74, a reduction of about 66.1%[24] - Current liabilities decreased from CNY 458,367,058.11 to CNY 402,473,194.93, a decrease of approximately 12.2%[24] Shareholder Information - The total number of shareholders reached 10,124 at the end of the reporting period[10] - The largest shareholder, Shanghai Lianming Investment Group Co., Ltd., holds 59.97% of the shares and has pledged 50,000,000 shares[11] Cash Flow - Cash received from sales of goods and services increased by 54.73% to ¥262.01 million from ¥169.34 million year-on-year[16] - Cash flow from financing activities resulted in a net outflow of CNY 95,124,987.23, compared to negative CNY 33,328,495.13 in Q1 2020, reflecting a significant increase in cash outflow[41] - Cash outflow from investing activities totaled CNY 409,833,446.94, compared to CNY 294,190,078.91 in Q1 2020, indicating a 39% increase[41] Research and Development - Research and development expenses increased by 154.92% to ¥4.44 million from ¥1.74 million in the same period last year, indicating a strong focus on innovation[15] - Research and development expenses increased to ¥4,443,448.11 in Q1 2021, compared to ¥1,743,043.29 in Q1 2020, reflecting a growth of 154.5%[31] Investment Income - Investment income rose by 71.03% to ¥3.52 million from ¥2.06 million, attributed to higher returns from financial investments[15] - The company achieved an investment income of ¥3,522,337.68 in Q1 2021, compared to ¥2,059,460.44 in Q1 2020, showing an increase of 71.2%[31] Equity and Retained Earnings - Total equity increased from CNY 1,446,412,633.90 to CNY 1,462,622,910.93, reflecting a growth of about 1.1%[24] - The company's retained earnings increased from CNY 556,578,964.32 to CNY 565,464,782.74, a growth of approximately 1.6%[28] Other Financial Metrics - The weighted average return on equity increased by 1.63 percentage points to 1.71%[6] - The gross profit margin improved, with operating profit for Q1 2021 at ¥28,431,018.64, compared to ¥6,995,088.22 in Q1 2020, indicating a growth of 306.1%[31] - The company reported a financial expense of -¥228,045.84 in Q1 2021, a decrease from ¥3,090,754.02 in Q1 2020, indicating improved financial management[31]