FULONGMA(SH:603686)2021-04-29 16:00Financial Performance - Operating revenue increased by 31.52% to CNY 1,394,996,801.42, driven by higher sales of equipment and sanitation services[10] - Net profit attributable to shareholders rose by 52.43% to CNY 119,373,751.85 compared to the same period last year[6] - The company's net profit for Q1 2021 was CNY 143,112,228.04, representing a 37.03% increase compared to the previous year[11] - Net profit for Q1 2021 reached CNY 143.11 million, up 37% from CNY 104.44 million in Q1 2020[28] - The total comprehensive income for Q1 2021 was CNY 143.11 million, compared to CNY 104.44 million in Q1 2020, indicating a strong performance[28] Assets and Liabilities - Total assets decreased by 3.85% to CNY 5,256,569,205.73 compared to the end of the previous year[6] - The company's total assets as of March 31, 2021, were CNY 5,256,569,205.73, a decrease from CNY 5,467,120,986.12 at the end of 2020[21] - Total liabilities decreased to ¥1,771,563,331.12 from ¥1,953,127,824.63 at the end of 2020, indicating improved financial stability[25] - The company's retained earnings as of March 31, 2021, were ¥1,161,469,902.58, slightly up from ¥1,155,009,491.34 at the end of 2020[26] - Shareholders' equity totaled CNY 3,102,422,463.84, a decrease of CNY 16,946,723.39 compared to the previous period[41] Cash Flow - Cash flow from operating activities showed an improvement, with a reduction in outflow to CNY -233,172,689.84 from CNY -242,295,843.05[6] - The cash inflow from operating activities totaled CNY 1.24 billion, compared to CNY 879.13 million in Q1 2020, showing a significant increase[32] - The net cash flow from operating activities was negative at CNY -233.17 million, slightly improved from CNY -242.30 million in Q1 2020[32] - The cash flow from financing activities showed a significant decrease of 141.16%, amounting to CNY -89,832,807.74, mainly due to the repayment of bank loans[11] - The company reported a total cash and cash equivalents net decrease of -488,018,254.02 RMB in Q1 2021[37] Shareholder Information - The number of shareholders reached 43,742, with the top ten shareholders holding a combined 52.10% of shares[8] - The company has repurchased a total of 4,188,060 shares, representing 1.01% of the total share capital, with a total transaction amount of CNY 74,988,650.00[16] Research and Development - Research and development expenses increased by 152.10% to CNY 14,760,408.78 due to higher investment in R&D[11] - Research and development expenses rose significantly to ¥14,760,408.78, compared to ¥5,854,891.65 in Q1 2020, marking a 151.5% increase[27] Market and Operations - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[10] - The total annualized contract amount for sanitation service projects reached CNY 35.30 billion, with a total contract amount of CNY 297.46 billion[12] - The total sales volume of sanitation equipment was 1,797 units, with innovative and mid-to-high-end models accounting for 66.44% of total sales[13] - The company has successfully taken over several sanitation service projects, including those in Jin'an District and Dongsheng District[12] Investment and Income - The company recorded a non-operating income of CNY 10,972,431.29, primarily from government subsidies and other income[6] - Investment income decreased by 49.89% to CNY 1,715,343.18, primarily due to reduced returns from bank wealth management products[11]