WAZAM(SH:603186)2021-04-19 16:00Financial Performance - Operating revenue rose by 86.91% to CNY 769,586,422.92 year-on-year[7] - Net profit attributable to shareholders increased by 259.28% to CNY 63,350,984.43 compared to the same period last year[7] - Basic earnings per share increased by 221.43% to CNY 0.45[7] - The company reported a net profit of CNY 242,249,707.46 for the first quarter, up from CNY 231,465,316.50 in the previous period, indicating a growth of approximately 4.67%[26] - Net profit for Q1 2021 was ¥63.64 million, compared to ¥17.86 million in Q1 2020, representing a growth of 256%[28] - The company’s total profit for Q1 2021 was ¥71.74 million, up from ¥17.29 million in Q1 2020, reflecting a growth of 315%[28] Asset Management - Total assets increased by 10.32% to CNY 3,825,164,723.53 compared to the end of the previous year[7] - The company's total assets at the end of the reporting period were ¥1,500.67 million, with a notable increase in construction in progress by 155.56% to ¥505.42 million, driven by investments in the Zhuhai project[13] - Accounts receivable increased to ¥1,048.52 million, up from ¥883.21 million, indicating a rise in credit sales[20] - The company reported a decrease in financial assets by 42.24% to ¥110.84 million, mainly due to a reduction in entrusted wealth management balances[13] - The company’s total current assets amounted to CNY 2,191,866,772.53, up from CNY 2,109,430,730.58, reflecting a growth of about 3.91%[21] Cash Flow - Cash flow from operating activities surged by 600.33% to CNY 85,378,402.72 compared to the previous year[7] - The cash flow generated from operating activities was ¥85.38 million, a significant increase of 600.33% from ¥12.19 million in the previous year, attributed to higher cash receipts from sales[14] - Operating cash inflow for Q1 2021 was CNY 693,503,458.38, an increase from CNY 445,662,289.76 in Q1 2020, representing a growth of 55.6%[33] - The net cash flow from operating activities was CNY 144,743,474.07 in Q1 2021, a significant improvement from a net outflow of CNY -28,299,251.48 in Q1 2020[35] Liabilities and Equity - Current liabilities rose to CNY 2,007,421,063.40, compared to CNY 1,774,922,859.30, reflecting an increase of about 13.09%[22] - The total liabilities reached CNY 2,294,308,826.51, an increase from CNY 2,001,188,003.15, which is a growth of approximately 14.61%[22] - Owner's equity rose to CNY 1,530,855,897.02, compared to CNY 1,466,015,046.40, reflecting an increase of about 4.43%[22] - The total liabilities to assets ratio stands at approximately 57.7%, indicating a moderate leverage level[40] Shareholder Information - The total number of shareholders reached 13,785 by the end of the reporting period[10] - The largest shareholder, Huali Group Co., Ltd., holds 40.06% of the shares[10] Investment and R&D - Research and development expenses increased to ¥32.45 million in Q1 2021, up from ¥25.10 million in Q1 2020, indicating a 29.4% rise[27] - The company plans to continue investing in new technologies and market expansion to sustain growth in future quarters[29] Other Financial Metrics - The weighted average return on equity improved by 1.91 percentage points to 4.26%[7] - Government subsidies recognized in the current period amounted to CNY 2,393,762.20[8] - Non-recurring gains and losses totaled CNY 2,080,044.29 for the period[10]