King's Luck(SH:603369)2021-04-29 16:00Financial Performance - Net profit attributable to shareholders was CNY 805.41 million, representing a growth of 38.78% year-on-year[6]. - Operating revenue for the period was CNY 2.40 billion, marking a significant increase of 35.35% compared to the same period last year[6]. - Basic earnings per share rose to CNY 0.6420, reflecting a year-on-year increase of 38.78%[6]. - The weighted average return on net assets increased to 9.29%, up by 1.55 percentage points from the previous year[6]. - The company reported a significant increase in long-term equity investments to CNY 1,840,381,844.17 from CNY 1,788,450,188.25, indicating a growth of about 2.9%[17]. - The company's total revenue for Q1 2021 reached RMB 2,395,861,392.37, representing a 35.35% increase compared to RMB 1,770,100,967.71 in the same period last year[38]. - Net profit for Q1 2021 was ¥805,406,122.40, up 38.8% compared to ¥580,347,769.13 in Q1 2020[46]. - Operating profit for Q1 2021 was CNY 61,946,674.13, up 65.7% from CNY 37,400,932.12 in the same period last year[22]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 532.90 million, a substantial improvement of 325.40% compared to the previous year[6]. - The cash received from sales of goods and services surged by 109.89% to ¥2,118,990,010.58 from ¥1,009,587,587.85, reflecting revenue growth and changes in advance payments[13]. - The net cash flow from operating activities for Q1 2021 was CNY 532,901,256.21, compared to a negative cash flow of CNY -236,420,440.59 in Q1 2020[25]. - The company's cash and cash equivalents decreased by 35.28% to ¥2,201,352,241.36 from ¥3,401,543,430.74, primarily due to significant cash outflows from investment activities[11]. - The total cash and cash equivalents at the end of the period stood at CNY 1,348,440,357.64, down from CNY 2,284,034,918.31 at the beginning of the period[32]. - The cash inflow from sales of goods and services was CNY 1,202,183,653.50, an increase of 14.0% from CNY 1,055,087,978.60 in Q1 2020[53]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 11.86 billion, a slight increase of 0.08% compared to the end of the previous year[6]. - Total liabilities decreased to CNY 2,787,408,937.77 from CNY 3,583,761,444.62, showing a decline of approximately 22.2%[16]. - Current liabilities decreased to CNY 2,671,718,964.67 from CNY 3,470,718,043.51, a reduction of about 23%[15]. - The total liabilities decreased by 56.02% in contract liabilities to ¥482,049,240.13 from ¥1,096,180,460.46, influenced by seasonal factors[11]. - The company's retained earnings increased to ¥6,452,620,929.39 from ¥5,647,214,806.99, showing a growth in accumulated profits[43]. Investment and Expenses - The company reported a non-operating income of CNY 514,112.11, contributing to its overall financial performance[7]. - Research and development expenses for Q1 2021 were ¥5,342,096.36, up from ¥3,550,133.46 in Q1 2020, indicating a 50.4% increase[19]. - The company recorded a significant decrease in investment income, down 65.87% to RMB 19,297,949.60, due to prior year's cumulative fair value changes being realized[39]. - The company's total costs for Q1 2021 were ¥1,354,984,320.23, a 32.5% increase from ¥1,022,190,807.79 in Q1 2020[19]. - Tax expenses for Q1 2021 amounted to ¥266,221,975.55, up from ¥193,684,092.58 in Q1 2020, representing a 37.5% increase[19]. Shareholder Information - The total number of shareholders at the end of the reporting period was 561,049,038, with the largest shareholder holding 44.72% of the shares[9]. - The net profit after deducting non-recurring gains and losses was CNY 803,255,288.32, showing a year-on-year increase of 38.03%[33]. - The company's total equity increased to ¥7,122,344,704.02, up from ¥7,075,819,803.11, reflecting a growth of 0.7%[45]. Future Outlook - The company plans to focus on expanding its market presence and enhancing product development strategies in the upcoming quarters[40].