LIBA(SH:603519)2021-04-28 16:00Financial Performance - Total revenue for Q1 2021 reached RMB 387.85 million, an increase of 57.36% compared to RMB 246.47 million in Q1 2020[5] - Net profit attributable to shareholders was RMB 34.27 million, up 28.77% from RMB 26.61 million in the same period last year[5] - Basic and diluted earnings per share were both RMB 0.15, representing a 25.00% increase from RMB 0.12 in Q1 2020[5] - Total operating revenue for Q1 2021 was ¥387,850,884.95, a 57.3% increase from ¥246,470,577.19 in Q1 2020[25] - Net profit for Q1 2021 reached ¥34,270,900.49, representing a 28.9% increase compared to ¥26,613,127.37 in Q1 2020[26] - Total profit for Q1 2021 was ¥38,936,604.55, a 26.3% increase from ¥30,856,257.19 in Q1 2020[26] Cash Flow and Liquidity - The net cash flow from operating activities was negative at RMB -55.61 million, a decrease of 325.11% compared to RMB 24.70 million in Q1 2020[5] - Cash and cash equivalents decreased by 39.97% to RMB 183.93 million, primarily due to increased procurement costs and long-term equity investments[10] - The company's cash and cash equivalents decreased to ¥183.93 million from ¥306.41 million, indicating a significant reduction in liquidity[16] - Cash outflows for purchasing goods and services amounted to CNY 299,238,366.21, significantly higher than CNY 100,375,344.05 in Q1 2020, indicating increased operational costs[33] - The company experienced a net cash outflow from investing activities of CNY -33,067,644.90, an improvement from CNY -130,654,265.40 in Q1 2020[32] - Cash and cash equivalents at the end of Q1 2021 stood at CNY 65,207,654.91, up from CNY 54,997,142.22 at the end of Q1 2020[34] Assets and Liabilities - Total assets at the end of the reporting period were RMB 1.42 billion, a decrease of 0.90% from RMB 1.43 billion at the end of the previous year[5] - Current liabilities totaled CNY 619,281,727.52, down from CNY 666,485,236.49, indicating a reduction of about 7.1%[22] - Total liabilities decreased to CNY 621,245,144.19 from CNY 668,448,653.16, indicating a decline of about 7%[22] - The company's net assets attributable to shareholders increased to RMB 795.08 million, reflecting a growth of 4.50% from RMB 760.81 million[5] - Owner's equity increased to CNY 795,081,001.72 from CNY 760,810,101.23, reflecting a growth of approximately 4.5%[22] Operating Costs and Expenses - Operating costs increased by 59.25% to ¥329.52 million from ¥206.92 million, attributed to the corresponding growth in sales[11] - R&D expenses rose significantly by 82.33% to ¥8.97 million from ¥4.92 million, mainly due to increased investment in research materials[11] - Tax expenses for Q1 2021 amounted to ¥4,665,704.06, compared to ¥4,243,129.82 in Q1 2020[26] - Other income surged by 547.86% to ¥557,159.58 from ¥86,000, driven by an increase in government subsidies received during the reporting period[11] - Credit impairment losses for Q1 2021 were -¥455,009.92, a decrease from ¥1,780,314.39 in Q1 2020[25] Shareholder Information - The number of shareholders at the end of the reporting period was 6,013, with the top ten shareholders holding a combined 79.11% of shares[8] - The company did not report any significant changes in its commitments or major events during the reporting period[13]