Wencan(SH:603348)2021-04-27 16:00Financial Performance - Operating revenue for the period was CNY 1,050,665,806.84, representing a significant increase of 307.41% year-on-year[11]. - Net profit attributable to shareholders was CNY 50,154,358.15, up 389.15% from the same period last year[11]. - Basic earnings per share increased to CNY 0.1938, a rise of 317.67% year-on-year[11]. - The net profit after deducting non-recurring gains and losses was CNY 48,827,338.56, reflecting a year-on-year increase of 1,515.36%[11]. - Total operating revenue for Q1 2021 reached ¥1,050,665,806.84, a significant increase of 307.5% compared to ¥257,886,483.39 in Q1 2020[45]. - Net profit for Q1 2021 was ¥50,154,358.15, compared to ¥10,253,431.76 in Q1 2020, representing an increase of 388.5%[48]. - Basic earnings per share for Q1 2021 were ¥0.1938, up from ¥0.0464 in Q1 2020, indicating a growth of 317.2%[48]. Cash Flow - Net cash flow from operating activities was CNY 168,721,795.02, an increase of 32.25% compared to the previous year[11]. - Cash flow from operating activities netted RMB 168,721,795.02, a 32.25% increase from RMB 127,579,356.37[24]. - Cash flow from investing activities showed a net outflow of RMB -95,329,706.12, a 134.26% increase in outflow compared to RMB -40,693,399.74[24]. - Cash flow from financing activities recorded a net outflow of RMB -202,218,471.78, a significant increase in outflow of 455.86% from RMB 56,825,953.11[24]. - The net cash flow from operating activities was -126,796,410.47 RMB, a significant decrease compared to 245,340,040.38 RMB in the same period last year[60]. - Cash inflow from operating activities totaled 172,053,784.29 RMB, a decline from 298,022,179.85 RMB in the previous year[60]. - Cash outflow from operating activities increased to 298,850,194.76 RMB, compared to 52,682,139.47 RMB in the same quarter last year[60]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 5,623,759,446.71, a 0.41% increase compared to the end of the previous year[11]. - Total current assets amounted to RMB 2,136,188,117.01, up from RMB 2,081,708,489.41[31]. - Total liabilities decreased to ¥2,999,452,366.47 from ¥3,019,805,484.82, representing a decline of approximately 0.67%[36]. - Owner's equity increased to ¥2,624,307,080.24 from ¥2,580,795,781.84, marking an increase of about 1.68%[36]. - The total assets decreased to ¥3,364,949,993.59 in Q1 2021 from ¥3,541,463,033.97 in Q1 2020, a decline of approximately 5.0%[45]. - The total liabilities were 2,081,708,489.41 RMB, remaining stable compared to the previous year[65]. Shareholder Information - The total number of shareholders at the end of the reporting period was 19,142[18]. - The top five shareholders each hold 30,000,000 shares, representing 11.56% of the total shares[18]. Research and Development - Research and development expenses for Q1 2021 were ¥31,226,527.92, compared to ¥11,738,858.12 in Q1 2020, marking an increase of 166.6%[45]. - Research and development expenses increased to ¥4.17 million in Q1 2021, up from ¥2.62 million in Q1 2020, reflecting a 59.5% rise[52]. Tax and Other Expenses - Tax expenses for Q1 2021 were ¥9,137,017.26, up from ¥2,191,607.36 in Q1 2020, reflecting an increase of 316.5%[48]. - Other comprehensive income after tax for Q1 2021 was -¥33,777,054.38, compared to ¥50,047.15 in Q1 2020[48]. Compliance and Standards - The company is in compliance with the new leasing standards effective from January 1, 2021, which may impact future financial reporting[76].