DAZZLE FASHION(SH:603587)2021-04-27 16:00Financial Performance - Operating revenue for the first quarter reached CNY 656,581,967.38, a 61.08% increase year-on-year[11]. - Net profit attributable to shareholders increased by 60.14% to CNY 195,474,819.25 compared to the same period last year[11]. - Basic earnings per share increased by 64.00% to CNY 0.41[11]. - The company reported a net profit of ¥1,199,953,137.51 for the first quarter of 2021, up from ¥1,070,393,273.25 in the same period of 2020, reflecting an increase of 12.0%[38]. - Total revenue for Q1 2021 reached ¥656.58 million, a 61.0% increase from ¥407.62 million in Q1 2020[42]. - Operating profit for Q1 2021 was ¥224.22 million, up 77.6% from ¥126.15 million in Q1 2020[42]. - Net profit attributable to shareholders for Q1 2021 was ¥195.47 million, representing a 60.2% increase compared to ¥122.07 million in Q1 2020[44]. - The company reported a total profit of ¥261.27 million for Q1 2021, up 55.0% from ¥168.91 million in Q1 2020[42]. Cash Flow - Net cash flow from operating activities rose by 24.71% to CNY 180,726,649.21 year-on-year[11]. - The net cash flow from investment activities was RMB 252,872,553.17, a recovery from a negative cash flow of RMB -164,525,568.14 in the previous year[22]. - Cash inflow from operating activities totaled ¥747,120,486.25 in Q1 2021, up from ¥600,049,632.58 in Q1 2020, reflecting a growth of approximately 24.5%[52]. - Cash outflow from operating activities was ¥566,393,837.04 in Q1 2021, compared to ¥455,134,530.01 in Q1 2020, which is an increase of about 24.5%[52]. - The cash flow from financing activities showed a net inflow of ¥166,369,117.11 in Q1 2021, compared to ¥97,721,111.11 in Q1 2020, representing an increase of approximately 70.4%[55]. Assets and Liabilities - Total assets increased by 11.20% to CNY 4,557,979,584.97 compared to the end of the previous year[11]. - The company reported a significant decrease in accounts payable by 32.59%, from RMB 104,318,961.45 to RMB 70,326,421.48, due to partial payment of goods[20]. - As of March 31, 2021, total liabilities amounted to ¥926,279,892.98, an increase of 40.7% from ¥658,143,634.17 on December 31, 2020[32]. - The total equity attributable to shareholders reached ¥3,630,185,377.09, up from ¥3,439,121,491.31, reflecting a growth of 5.5%[32]. - The company's long-term equity investment was recorded at RMB 600,000.00, reflecting the establishment of a joint venture[20]. Shareholder Information - The number of shareholders reached 17,925 at the end of the reporting period[17]. - The top shareholder, Ma Ruimin, holds 53.86% of the shares, totaling 259,181,965 shares[17]. Comprehensive Income - Other comprehensive income increased by 64.56% to RMB 1,289,683.24, influenced by changes in exchange rates[20]. - The total comprehensive income for Q1 2021 was ¥136,654,864.26, an increase from ¥105,520,974.09 in Q1 2020, representing a growth of approximately 29.5%[50]. Operating Costs and Expenses - Operating costs rose by 38.18% to RMB 142,136,805.92, reflecting the increase in operating revenue[22]. - Total operating costs for Q1 2021 were ¥422.24 million, an increase of 52.5% from ¥276.91 million in Q1 2020[42]. - Research and development expenses for Q1 2021 amounted to ¥14.38 million, a slight increase from ¥13.16 million in Q1 2020[42]. - Tax expenses for Q1 2021 were ¥65.79 million, compared to ¥46.84 million in Q1 2020, reflecting an increase of 40.5%[42]. Changes in Accounting Standards - The company is implementing new leasing standards starting from 2021, which may impact future financial reporting and asset management strategies[61]. - The company adopted new lease accounting standards, resulting in adjustments to prior period comparative data[74].