Lafang(SH:603630)2021-04-27 16:00Financial Performance - The company reported a revenue of CNY 245,035,315.01 for Q1 2021, representing a year-on-year increase of 46.53%[11] - The net profit attributable to shareholders was CNY 16,755,300.91, reflecting a year-on-year growth of 3.93%[11] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 0.90% to CNY 16,312,074.47[11] - The company's operating revenue for Q1 2021 reached CNY 245,035,315.01, representing a 46.53% increase compared to CNY 167,221,490.38 in Q1 2020[15] - Total operating revenue for Q1 2021 was CNY 197,940,295.84, an increase of 34.9% compared to CNY 146,606,649.92 in Q1 2020[33] - Net profit for Q1 2021 reached CNY 16,543,144.96, representing a slight increase from CNY 16,194,677.94 in Q1 2020[32] - Operating profit for Q1 2021 was CNY 20,263,887.25, up from CNY 19,451,644.01 in the same period last year[31] - The total comprehensive income for Q1 2021 was CNY 16,543,144.96, compared to CNY 16,194,677.94 in Q1 2020[32] Revenue Breakdown - E-commerce and retail channels generated revenue of CNY 71,437,354.58, accounting for 29.15% of total revenue, with a significant year-on-year growth of 176.63%[12] - The distribution and supermarket channels achieved revenues of CNY 119,226,940.01 and CNY 54,097,214.25, with year-on-year increases of 27.54% and 15.20%, respectively[12] - The e-commerce and retail channel sales skyrocketed by 176.63% to CNY 71,437,354.58, highlighting a significant shift towards online sales[18] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 2,103,675,871.33, an increase of 3.12% compared to the end of the previous year[6] - The net assets attributable to shareholders increased by 1.08% to CNY 1,843,084,993.13 compared to the end of the previous year[6] - Total assets reached CNY 2,103,675,871.33, compared to CNY 2,040,093,123.91, indicating an increase of 3.1%[24] - Current liabilities increased to CNY 214,342,598.83 from CNY 177,373,546.01, representing a rise of 20.9%[24] - Total liabilities amounted to CNY 221,142,822.09, up from CNY 180,229,784.03, marking a growth of 22.7%[24] - Shareholders' equity totaled CNY 1,882,533,049.24, compared to CNY 1,859,863,339.88, reflecting an increase of 1.2%[24] Cash Flow - The net cash flow from operating activities was negative at CNY -2,010,944.26, a decline of 107.78% compared to the same period last year[6] - Cash generated from operating activities was CNY 309,271,520.04 in Q1 2021, up from CNY 226,568,009.41 in Q1 2020[36] - The net cash flow from operating activities was negative at CNY -2,010,944.26, compared to a positive CNY 25,852,541.09 in the same quarter last year[37] - The company reported a total cash outflow from operating activities of CNY 319,260,183.95, compared to CNY 206,445,050.49 in the previous year, reflecting an increase of about 54.5%[37] - The company reported a net cash outflow from investing activities of CNY -182,703,300.01, an increase of 114.57% compared to CNY -85,148,366.91 in the prior year[17] - The cash outflow for investment activities was CNY 328,290,271.11, up from CNY 135,418,914.86 year-over-year, indicating a rise of approximately 142.5%[37] Expenses - The gross profit margin improved, with operating costs increasing by 34.91% to CNY 107,018,410.56, driven by higher sales revenue[15] - Sales expenses surged by 68.92% to CNY 96,025,407.71, primarily due to increased promotional costs[15] - Research and development expenses for Q1 2021 were CNY 7,065,452.50, consistent with CNY 7,357,668.19 in Q1 2020[31] - Sales expenses increased to CNY 96,025,407.71 in Q1 2021 from CNY 56,848,088.14 in Q1 2020, reflecting a growth of 68.9%[31] Investments - The company reported investment income of CNY 2,344,156.08 in Q1 2021, compared to CNY 2,077,978.99 in Q1 2020[31] - The company’s long-term equity investments grew to CNY 250,609,999.52, up from CNY 237,540,568.75, indicating a strategic focus on long-term growth[22] Other Financial Metrics - The weighted average return on equity was 0.91%, a decrease of 0.02 percentage points from the previous year[6] - The basic and diluted earnings per share remained unchanged at CNY 0.07[6] - The company reported a decrease in credit impairment losses to CNY -1,604,520.63 in Q1 2021 from CNY 977,266.23 in Q1 2020[31]