Kersen(SH:603626)2021-04-12 16:00Financial Performance - Operating revenue reached CNY 1,035,113,467.92, a significant increase of 122.83% year-on-year[7] - Net profit attributable to shareholders surged by 316.08% to CNY 58,107,082.46 compared to the same period last year[7] - Basic earnings per share increased by 300% to CNY 0.12 from CNY 0.03 in the same period last year[7] - The net profit after deducting non-recurring gains and losses was CNY 37,482,257.07, reflecting a 200.78% increase year-on-year[7] - Total operating revenue for Q1 2021 reached ¥1,035,113,467.92, a significant increase of 123.5% compared to ¥464,532,665.58 in Q1 2020[24] - Net profit attributable to shareholders for Q1 2021 was ¥458,475,946.85, up from ¥369,736,961.61 in Q1 2020, representing a growth of 24%[21] - The net profit for Q1 2021 was CNY 88.74 million, compared to CNY 7.36 million in Q1 2020, reflecting an increase of 1,204.4%[28] - Operating profit for Q1 2021 was CNY 87.76 million, compared to CNY 6.80 million in Q1 2020, marking an increase of 1,187.5%[28] - The total comprehensive income for Q1 2021 was CNY 88.74 million, compared to CNY 7.36 million in Q1 2020, indicating a growth of 1,204.4%[28] Assets and Liabilities - Total assets increased by 3.78% to CNY 6,255,340,593.89 compared to the end of the previous year[7] - Total assets as of March 31, 2021, were ¥6,255,340,593.89, an increase from ¥6,027,604,602.07 at the end of 2020[16] - Total liabilities as of March 31, 2021, were ¥2,690,125,711.97, a decrease from ¥2,774,372,186.89 at the end of 2020, showing a reduction of 3%[21] - Total liabilities reached ¥3,900,972,588.20, showing a minor decrease of ¥2,822,041.30[39] - Non-current liabilities decreased by ¥19,568,301.73, totaling ¥936,515,655.72[39] - Shareholders' equity amounted to ¥2,126,632,013.87, remaining stable compared to the previous period[40] Cash Flow - The net cash flow from operating activities decreased by 96.85% to CNY 2,526,366.36 compared to the previous year[7] - Cash received from operating activities amounted to ¥484,905,658.12, up 87.85% due to increased operating revenue[13] - Cash inflow from operating activities in Q1 2021 was CNY 1,109.43 million, compared to CNY 573.78 million in Q1 2020, an increase of 93.2%[30] - Cash outflow from operating activities in Q1 2021 totaled CNY 1,106.90 million, compared to CNY 493.47 million in Q1 2020, reflecting an increase of 123.5%[31] - The company reported a net cash outflow from operating activities of -¥77,789,598.28, a decrease of 96.85% due to increased operational payments[13] - The company reported a net cash outflow from investing activities of ¥71,862,802.12, an improvement from a net outflow of ¥114,089,787.31 in Q1 2020[35] Shareholder Information - The number of shareholders reached 22,270 by the end of the reporting period[10] - The largest shareholder, Xu Jingen, holds 28.51% of the shares, with 139,932,561 shares pledged[11] Research and Development - Research and development expenses increased by 63.66% to ¥23,783,766.86, indicating a rise in investment in R&D projects[12] - Research and development expenses for Q1 2021 were ¥61,141,497.48, compared to ¥37,357,730.62 in Q1 2020, indicating a growth of 63.7%[24] - The company incurred R&D expenses of CNY 24.31 million in Q1 2021, slightly up from CNY 23.33 million in Q1 2020[27] Government Subsidies - The company received government subsidies amounting to ¥23,778,342.29, a staggering increase of 913.04% compared to the previous period[12]