Kings(SH:603505)2021-04-28 16:00Financial Performance - Net profit attributable to shareholders of the listed company was ¥42,317,252.03, representing a growth of 24.05% year-on-year[9]. - Operating revenue for the period was ¥168,765,098.75, reflecting a year-on-year increase of 39.47%[9]. - The company reported a net profit excluding non-recurring gains and losses of ¥42,776,378.34, which is a 35.88% increase year-on-year[9]. - Net profit for Q1 2021 was CNY 43,449,180.62, representing a 25.8% increase compared to CNY 34,542,397.50 in Q1 2020[24]. - Basic earnings per share were ¥0.18, up 28.57% from ¥0.14 in the previous year[9]. - Basic and diluted earnings per share for Q1 2021 were both CNY 0.18, up from CNY 0.14 in Q1 2020[25]. - The company reported a profit before tax of CNY 50,450,165.08 for Q1 2021, compared to CNY 44,415,734.70 in Q1 2020[24]. Cash Flow and Liquidity - Net cash flow from operating activities amounted to ¥82,166,117.32, a significant increase of 652.34% compared to the same period last year[9]. - The company’s cash and cash equivalents increased to CNY 313,865,652.37 from CNY 275,161,996.01, reflecting a positive liquidity position[16]. - In Q1 2021, the company reported cash inflows from operating activities of CNY 231,189,076.91, an increase of 69.8% compared to CNY 136,253,345.80 in Q1 2020[26]. - The net cash flow from operating activities for Q1 2021 was CNY 82,166,117.32, significantly up from CNY 10,921,456.23 in the same period last year[27]. - The company’s cash inflow from sales of goods and services in Q1 2021 was CNY 230,578,588.09, up from CNY 122,665,108.18 in Q1 2020[26]. - The company paid CNY 50,184,658.83 in taxes during Q1 2021, up from CNY 30,838,215.24 in Q1 2020, reflecting a 62.5% increase[27]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,974,622,639.19, an increase of 0.50% compared to the end of the previous year[9]. - The total assets of the company as of March 31, 2021, amounted to CNY 1,974,622,639.19, compared to CNY 1,964,705,979.45 at the end of 2020[18]. - The total liabilities decreased to CNY 823,308,862.58 from CNY 860,457,117.83, indicating a reduction in financial obligations[20]. - The company’s total current liabilities amounted to CNY 595,925,618.85, a slight decrease from CNY 617,315,588.25[21]. - The total liabilities reached 860,457,117.83 CNY, with current liabilities accounting for 617,315,588.25 CNY[32]. - The total non-current liabilities decreased to CNY 227,383,243.73 from CNY 243,141,529.58, indicating a reduction of about 6.5%[20]. Shareholder Information - The total number of shareholders at the end of the reporting period was 15,280[11]. - Zhejiang Jinshi Industrial Co., Ltd. held 50.20% of the shares, making it the largest shareholder[11]. Expenses and Costs - Operating costs increased by 46.03% to CNY 75,300,301.42 in Q1 2021 from CNY 51,565,686.69 in Q1 2020, also driven by higher sales volume[14]. - Financial expenses increased by 30.37% to CNY 4,065,885.87, mainly due to higher interest expenses[14]. - The company’s management expenses increased by 40.90% to CNY 20,100,325.34, primarily due to the recognition of equity incentive expenses[14]. - Research and development expenses for Q1 2021 totaled CNY 1,236,788.59, an increase from CNY 731,019.73 in Q1 2020[22]. Other Financial Metrics - The weighted average return on equity increased by 0.40 percentage points to 3.83%[9]. - The company reported a significant decrease in contract liabilities, down 36.40% to CNY 5,987,541.22 from CNY 9,414,779.55, due to reduced advance payments[14]. - The company reported a decrease in other comprehensive income amounting to -RMB 19,227,100.00[37]. - The implementation of the new leasing standard from January 1, 2021, resulted in adjustments to the financial statements, impacting the non-current assets[37].