Proya(SH:603605)2021-04-22 16:00Financial Performance - Total revenue for Q1 2021 reached RMB 905,464,673.13, representing a 48.88% increase compared to RMB 608,193,650.94 in the same period last year[4] - Net profit attributable to shareholders was RMB 109,895,944.66, up 41.38% from RMB 77,728,276.22 year-on-year[4] - Basic earnings per share rose to RMB 0.55, a 41.03% increase from RMB 0.39 in the same quarter last year[4] - Operating revenue increased by 48.88% to ¥905,464,673.13 from ¥608,193,650.94, mainly driven by a rise in online sales[10] - Net profit for Q1 2021 was ¥106,814,710.68, compared to ¥76,729,897.60 in Q1 2020, indicating a year-over-year growth of 39.1%[22] - The total comprehensive income for the period was ¥106,450,532.92, compared to ¥77,361,075.57 in the previous year, indicating a growth of 37.7%[23] Cash Flow - The net cash flow from operating activities was RMB 55,030,968.90, a significant recovery from a negative cash flow of RMB -134,873,267.48 in the previous year[4] - Cash received from sales of goods and services rose by 62.47% to ¥1,089,758,485.27 from ¥670,762,842.24, reflecting increased online sales and reduced accounts receivable[11] - The cash inflow from operating activities was ¥1,113,401,699.13, significantly higher than ¥688,857,662.26 in Q1 2020, showing an increase of 61.5%[26] - Total cash inflow from operating activities was $491,031,893.57, while cash outflow was $480,766,124.91, resulting in a net cash flow of $10,265,768.66[28] Assets and Liabilities - Total assets decreased by 4.50% to RMB 3,473,279,571.50 from RMB 3,636,882,185.29 at the end of the previous year[4] - Current assets totaled ¥2,184,524,976.26, down from ¥2,342,418,230.12, indicating a decrease of about 6.7% year-over-year[15] - Total liabilities were ¥881,010,294.03, down from ¥1,155,019,919.16, reflecting a decrease of about 23.7%[17] - The total assets decreased to ¥2,959,989,584.33 in Q1 2021 from ¥3,043,852,599.65 in Q1 2020, indicating a reduction in overall asset base[20] Shareholder Information - The total number of shareholders at the end of the reporting period was 20,423[7] - The top shareholder, Hou Jun Cheng, holds 35.74% of the shares, totaling 71,875,631 shares[7] Expenses - Sales expenses surged by 91.57% to ¥377,754,359.96 from ¥197,193,427.03, attributed to a significant increase in promotional expenses[10] - Research and development expenses increased to ¥17,656,819.49 in Q1 2021 from ¥15,919,825.38 in Q1 2020, showing a commitment to innovation[22] Other Financial Metrics - The company reported non-recurring gains of RMB 2,179,953.09, primarily from government subsidies and other income[6] - The company incurred a credit impairment loss of ¥32,993,248.87, compared to ¥5,412,972.27 in the same period last year, which is a significant increase[24] - The company’s deferred tax assets decreased by 35.75% to ¥29,979,586.33 from ¥46,660,550.76, mainly due to the unlocking of restricted stock[10] Future Outlook - The company plans to continue focusing on market expansion and new product development to sustain growth momentum in the upcoming quarters[22]