DEPPON(SH:603056)2021-04-26 16:00Financial Performance - Operating revenue for Q1 2021 was RMB 7.37 billion, representing a year-on-year growth of 63.13%[12] - Net profit attributable to shareholders was RMB 0.11 billion, a significant increase of 111.66% compared to the same period last year[12] - The cash flow from operating activities was RMB 855.48 million, up 454.54% year-on-year[12] - Total revenue for Q1 2021 reached RMB 7,370,427,778.12, a 63.13% increase compared to RMB 4,518,080,602.55 in the same period last year[30] - The company reported a significant increase in sales expenses, which rose by 72.06% to RMB 125,744,879.02, driven by higher employee compensation and advertising costs[30] - The company reported a net profit of ¥3,061,629,495.85 in retained earnings, slightly up from ¥3,046,828,843.57, indicating a marginal increase of about 0.5% year-over-year[48] - Net profit for Q1 2021 was ¥11,380,092.51, a recovery from a net loss of ¥94,386,443.39 in Q1 2020[61] - Comprehensive income attributable to the parent company for Q1 2021 was ¥15,545,179.79, compared to a loss of ¥92,430,144.53 in Q1 2020[63] Assets and Liabilities - Total assets at the end of the reporting period reached RMB 12.52 billion, an increase of 22.82% compared to the end of the previous year[12] - Total liabilities to total assets ratio decreased to 58.07%, down 5.51 percentage points from the beginning of the year, indicating stronger solvency[15] - The company managed 132 warehouses with a total area of approximately 1.016 million square meters, a year-on-year increase of 17.94%[17] - Total liabilities increased to ¥7,268,012,638.41, up from ¥5,567,443,221.02, representing a growth of approximately 30.6% year-over-year[48] - Current liabilities rose to $6.25 billion, an increase of $1.13 billion compared to the previous period[80] - The company’s total liabilities increased, reflecting a rise in short-term borrowings and accounts payable[80] Cash Flow - The net cash flow from operating activities was approximately ¥855.48 million, an increase of 454.54% year-on-year, primarily due to business expansion and improved profitability[34] - The net cash flow from investing activities was approximately -¥483.38 million, a decrease of 28.88% year-on-year, mainly due to increased purchases of long-term assets such as vehicles and sorting equipment[34] - The net cash flow from financing activities was approximately ¥347.29 million, a decrease of 63.30% year-on-year, primarily due to the completion of a private placement of shares during the reporting period[34] - The company reported a significant increase in cash received from operating activities, totaling 8,362,567,781.19 RMB in Q1 2021, compared to 5,163,848,159.04 RMB in Q1 2020[69] - Total cash inflow from investment activities in Q1 2021 was 3,018,965,408.26 RMB, down from 6,304,113,150.67 RMB in Q1 2020[71] Expenses - The total period expenses amounted to RMB 815 million, a year-on-year increase of 71.29%[21] - Operating costs increased by 57.26% to RMB 6,652,408,244.71, primarily due to growth in business volume and rising labor and transportation costs[30] - Research and development expenses for Q1 2021 were ¥7,576,695.95, slightly down from ¥7,698,469.17 in Q1 2020[58] - Management expenses rose to ¥633,512,805.58 in Q1 2021, compared to ¥367,941,763.44 in Q1 2020, marking an increase of about 72.2%[58] Shareholder Information - The number of shareholders reached 30,420 as of the end of the reporting period[25] - The company’s capital reserve increased by 160.86% to RMB 878,838,481.83, mainly due to the non-public issuance of shares during the reporting period[31] Future Outlook - Future outlook indicates a commitment to expanding market presence and exploring potential acquisitions[94] - The company plans to increase R&D investment by 20% to support innovation[94] - Market expansion strategies include targeting emerging markets with tailored offerings[94] - The company is assessing potential mergers to strengthen its competitive position[94]