DSL(SH:603233)2021-04-28 16:00Financial Performance - Operating revenue for the first quarter reached CNY 4.06 billion, a year-on-year increase of 20.73%[4] - Net profit attributable to shareholders was CNY 340.55 million, reflecting a growth of 21.51% year-on-year[4] - Basic earnings per share rose by 20.93% to CNY 0.52[4] - The company reported a significant increase in total liabilities, indicating potential leverage for future growth opportunities[25] - Total revenue for Q1 2021 reached ¥4,059,026,978.30, a 20.7% increase from ¥3,362,201,694.67 in Q1 2020[29] - Operating profit for Q1 2021 was ¥456,742,142.98, compared to ¥388,626,388.54 in Q1 2020, indicating a growth of 17.5%[31] - Net profit for Q1 2021 was ¥347,990,629.92, an increase of 22.2% from ¥284,749,138.62 in Q1 2020[31] - The company's net profit attributable to shareholders for Q1 2021 was approximately ¥340.55 million, an increase of 21.5% compared to ¥280.27 million in Q1 2020[32] Assets and Liabilities - Total assets increased by 25.74% to CNY 15.51 billion compared to the end of the previous year[4] - The company's net assets attributable to shareholders increased by 2.93% to CNY 5.54 billion compared to the end of the previous year[4] - Total liabilities reached ¥9,729,421,094.79, up from ¥6,759,026,117.38, indicating an increase of approximately 43.5%[25] - Non-current assets amounted to ¥7,540,276,420.09, significantly higher than ¥4,034,616,280.25, representing an increase of approximately 86.8%[25] - Current liabilities decreased to ¥4,287,127,330.70 from ¥4,393,172,489.69, a reduction of 2.4%[28] - Long-term liabilities rose to ¥1,535,087,199.68 from ¥1,219,987,859.81, representing a 26% increase[29] Cash Flow - Net cash flow from operating activities increased by 59.55% to CNY 512.32 million compared to the same period last year[4] - Cash flow from operating activities for Q1 2021 was approximately ¥4.96 billion, an increase from ¥4.44 billion in Q1 2020[36] - The net cash flow from operating activities was 512,323,191.39 RMB, an increase from 321,096,892.21 RMB in the previous year, reflecting a growth of approximately 59.5%[37] - Cash outflow from investing activities totaled 1,156,182,430.99 RMB, significantly higher than 730,302,090.34 RMB in the previous year, representing an increase of approximately 58.2%[37] - Cash flow from financing activities resulted in a net outflow of -359,415,032.97 RMB, compared to a net inflow of 84,173,942.99 RMB in the same quarter last year, showing a substantial change in financing strategy[37] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,254[8] - Major shareholders include Ke Jinlong and Ke Yunfeng, each holding 21.32% of the shares[8] Store Operations - As of March 31, 2021, the company operated 6,451 stores, including 394 franchise stores, with a total operating area of 533,080.35 square meters[13] - In Q1 2021, the company added 431 stores, comprising 294 new openings, 76 acquisitions, and 79 franchise stores, while closing 18 stores[13] Research and Development - Research and development expenses surged by 1,159.50% to RMB 1,929,524.57, primarily due to increased investment in the new internet hospital system[11] - The company reported an R&D expense of ¥1,929,524.57, significantly higher than ¥153,197.67 in Q1 2020, indicating a focus on innovation[31] Acquisitions and Investments - The company completed 14 investment and acquisition projects in the reporting period, involving a total of 371 stores, with 295 stores signed but not yet delivered[18] - The company acquired 51% equity in Heilongjiang Lingzhifeng Pharmacy Chain Co., Ltd. for 94.61 million RMB, with 13 stores involved, completed in March 2021[18] - The company is in the process of acquiring 51% equity in Henan Yanhua Pharmacy Chain Co., Ltd. for 68.34 million RMB, involving 59 stores[21] Accounting Standards - The company implemented the revised accounting standards for leases, affecting asset and liability recognition[5] - The company adopted the revised Accounting Standards for Leases from January 1, 2021, impacting financial reporting[48]