Trendzone(SH:603030)2021-04-28 16:00Financial Performance - Operating revenue increased by 55.92% to CNY 901,706,668.00 year-on-year[5] - Net profit attributable to shareholders rose by 14.92% to CNY 26,285,361.40 compared to the same period last year[5] - Net profit after deducting non-recurring gains and losses surged by 69.73% to CNY 22,228,123.68[5] - Basic earnings per share rose by 66.67% to CNY 0.05 compared to CNY 0.03 in the previous year[5] - Total operating revenue for Q1 2021 reached ¥901,706,668, an increase of 55.8% compared to ¥578,325,807.89 in Q1 2020[22] - Net profit for Q1 2021 was ¥32,615,481.11, compared to ¥31,722,224.16 in Q1 2020, showing a growth of 2.8%[24] - Earnings per share for Q1 2021 were ¥0.05, up from ¥0.03 in Q1 2020, indicating a 66.7% increase[24] - The net profit for Q1 2021 was CNY 14,176,520.86, representing a 93.5% increase from CNY 7,331,788.90 in Q1 2020[26] - The total operating profit for Q1 2021 was CNY 16,614,159.50, up 180.0% from CNY 5,937,346.18 in Q1 2020[26] Asset and Liability Changes - Total assets decreased by 5.95% to CNY 9,883,293,625.65 compared to the end of the previous year[5] - Current assets totaled ¥8,386,516,388.26, down from ¥9,246,848,029.93, indicating a decrease of about 9.32%[14] - Total liabilities were reported at ¥7,189,065,505.60, down from ¥7,841,346,144.72, indicating a reduction of approximately 8.3%[16] - Current liabilities totaled ¥6,676,381,150.28, a decrease from ¥7,322,839,057.24, reflecting a decline of about 8.8%[15] - Non-current assets increased to ¥1,496,777,237.39 from ¥1,261,741,813.23, marking an increase of approximately 18.66%[15] - The company's equity attributable to shareholders rose to ¥2,331,558,688.89 from ¥2,309,667,600.85, an increase of about 0.95%[16] - Total liabilities for Q1 2021 were ¥1,960,512,331.33, down from ¥2,052,174,705.05 in Q1 2020, representing a reduction of 4.5%[20] Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of CNY -317,376,563.63, a significant decrease from CNY -199,898,699.65 in the previous year[5] - The company's cash and cash equivalents decreased to ¥1,778,116,720.47 from ¥2,098,612,223.96, a decline of 15.3%[20] - The cash flow from operating activities showed a net outflow of CNY -317,376,563.63 in Q1 2021, compared to CNY -199,898,699.65 in Q1 2020[30] - The cash inflow from sales of goods and services was CNY 1,277,713,669.16 in Q1 2021, an increase of 33.0% from CNY 960,180,464.85 in Q1 2020[28] - The ending balance of cash and cash equivalents was $76.02 million, down from $85.56 million year-over-year, indicating a decline in liquidity[32] Expenses and Investments - Research and development expenses increased to ¥21,106,610.67 in Q1 2021, compared to ¥15,625,071.99 in Q1 2020, marking a rise of 35%[23] - The company reported a credit impairment loss of ¥23,996,141.54 in Q1 2021, up from ¥14,896,645.95 in Q1 2020, indicating a significant increase of 60.5%[23] - The company incurred financial expenses of CNY 3,883,214.30 in Q1 2021, compared to a financial income of CNY -222,119.19 in Q1 2020[25] - The company’s investment cash outflow totaled $69.37 million, compared to $57.58 million in the previous year, indicating increased investment activity[32] Other Financial Metrics - The weighted average return on equity improved by 0.26 percentage points to 1.13%[5] - The company reported a decrease in inventory to ¥401,546,405.44 from ¥408,008,354.73, a decline of approximately 1.13%[14] - The total non-current liabilities slightly decreased to ¥512,684,355.32 from ¥518,507,087.48, reflecting a reduction of about 1.1%[16] - The company did not apply the new leasing standards for the current year, which may affect future financial reporting[32]