Shanghai Yashi(SH:603329)2021-04-21 16:00Financial Performance - Operating revenue for the period was CNY 381,655,929.08, a 15.91% increase year-on-year[7] - Net profit attributable to shareholders was CNY 24,241,963.43, representing a 159.32% increase compared to the same period last year[7] - Basic earnings per share rose by 159.46% to CNY 0.1837[7] - The company reported a net profit margin improvement due to increased revenue and controlled costs, although specific net profit figures were not disclosed in the provided data[27] - The company's operating revenue for Q1 2021 was CNY 86,564,038.48, a significant increase from CNY 31,473,583.52 in Q1 2020, representing a growth of approximately 175.5%[30] - The net profit for Q1 2021 reached CNY 23,677,911.40, compared to CNY 9,009,550.40 in the same period last year, indicating an increase of about 162.5%[30] - The total profit for Q1 2021 was CNY 28,545,239.90, compared to CNY 12,214,514.23 in Q1 2020, marking an increase of around 134%[30] - The company's operating profit for Q1 2021 was CNY 28,395,644.81, significantly higher than CNY 12,159,605.36 in Q1 2020, showing an increase of approximately 133.4%[30] Assets and Liabilities - Total assets increased by 25.58% to CNY 1,691,950,744.66 compared to the end of the previous year[7] - Total liabilities increased by 85.50% to 68,675,397.95 RMB due to an increase in contract liabilities[14] - The total assets of the company reached 1,691,950,744.66 RMB, up from 1,347,349,663.74 RMB, reflecting growth in both current and non-current assets[20] - Total liabilities as of March 31, 2021, were ¥269,872,670.24, an increase from ¥226,553,545.37 in the previous year, marking a rise of about 19.2%[24] - Total equity reached CNY 789,595,394.41, remaining unchanged from the previous period[40] - Non-current liabilities increased to CNY 97,836,435.82, reflecting an increase of CNY 37,099,880.31[40] Cash Flow - Cash flow from operating activities was negative at CNY -42,345,316.53, an improvement from CNY -69,714,896.03 in the previous year[7] - The company reported a net cash flow from operating activities of -42,345,316.53 RMB, an improvement from -69,714,896.03 RMB in the previous year, indicating enhanced sales collection capabilities[16] - Cash inflows from operating activities totaled CNY 592,038,324.33 in Q1 2021, compared to CNY 413,753,504.38 in Q1 2020, representing a growth of about 43.2%[32] - In Q1 2021, the net cash flow from operating activities was positive at ¥17,052,450.14, compared to a negative cash flow of ¥44,653,772.56 in Q1 2020, indicating a significant improvement[36] - The company raised ¥257,914,968.09 from investments in Q1 2021, significantly higher than the ¥1,650,000.00 raised in Q1 2020, demonstrating enhanced capital attraction[33] Inventory and Expenses - Inventory increased by 77.27% to CNY 162,480,404.30, indicating a rise in stock levels[13] - Management expenses increased by 35.58% to 18,750,897.90 RMB, mainly due to rising employee compensation costs[15] - Financial expenses surged by 1,887.85% to 3,047,963.45 RMB, primarily driven by increased interest on short-term borrowings[15] - The company’s income tax expense rose by 51.87% to 4,867,328.50 RMB, correlating with the increase in current profits[15] - Total operating costs for Q1 2021 were ¥354,126,539.88, up from ¥315,377,277.81 in Q1 2020, indicating an increase of about 12.3%[27] Shareholder Information - The number of shareholders reached 13,130, with the top ten shareholders holding a significant portion of shares[11] - The company received government subsidies amounting to CNY 523,107.53, closely related to its normal business operations[7] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth, although specific strategies were not detailed in the provided data[27] - The company adjusted its financial statements in accordance with the new leasing standards effective January 1, 2021[41]