Langdi Group(SH:603726)2021-04-28 16:00Financial Performance - Net profit attributable to shareholders increased by 198.58% to CNY 38,392,501.35 year-on-year[6] - Operating revenue rose by 70.06% to CNY 406,163,909.24 compared to the same period last year[6] - Basic and diluted earnings per share increased by 200.00% to CNY 0.21[6] - Net profit for Q1 2021 was ¥38,392,501.35, representing a 198.5% increase from ¥12,858,359.47 in Q1 2020[24] - Total profit for Q1 2021 was CNY 4,913,011.90, an increase of 54.4% compared to CNY 3,179,714.33 in Q1 2020[26] - Net profit for Q1 2021 reached CNY 4,525,255.97, up 89.1% from CNY 2,391,875.37 in the same period last year[26] - Operating profit for Q1 2021 was CNY 5,118,281.14, compared to CNY 3,413,193.60 in Q1 2020, reflecting a growth of 49.9%[26] Assets and Liabilities - Total assets increased by 5.66% to CNY 1,873,523,624.26 compared to the end of the previous year[6] - The total current assets as of March 31, 2021, amounted to 1,048,623,854.42 RMB, an increase from 974,037,295.46 RMB at the end of 2020[14] - The total liabilities as of March 31, 2021, were 821,008,538.20 RMB, compared to 759,092,344.29 RMB at the end of 2020[16] - The total assets reached 1,873,523,624.26 RMB, an increase from 1,773,214,929.00 RMB at the end of 2020[16] - Total liabilities for Q1 2021 were ¥272,575,515.70, up from ¥228,313,901.95 in Q1 2020, reflecting a growth of 19.4%[20] - The total liabilities rose from 759,092,344.29 RMB to 781,656,265.62 RMB, marking an increase of about 3.0%[36] Cash Flow - The net cash flow from operating activities decreased by 493.63% to -CNY 40,686,322.32[6] - Cash flow from operating activities showed a net outflow of CNY -40,686,322.32 in Q1 2021, compared to a net inflow of CNY 10,336,312.42 in Q1 2020[29] - The company reported cash inflow from operating activities of CNY 218,259,923.34 in Q1 2021, compared to CNY 199,707,835.64 in Q1 2020, indicating a growth of 9.3%[29] - The net cash flow from investing activities was -37,341,244.62 RMB, compared to -24,745,773.01 RMB in the previous year, indicating a decline of approximately 50.5%[32] - The net cash flow from financing activities increased to 18,565,504.16 RMB, up from 7,292,690.16 RMB, representing a growth of about 154.5%[32] Shareholder Information - The total number of shareholders reached 10,818, with the largest shareholder holding 55.18% of the shares[9] - The company's equity attributable to shareholders remained stable at 1,014,122,584.71 RMB[37] Operating Costs and Expenses - Operating costs increased by 74.16% to CNY 311,799,867.32, in line with the rise in operating revenue[10] - Sales expenses decreased by 42.95% to CNY 9,754,477.90 as transportation costs were reclassified[10] - The company reported a significant increase in research and development expenses, totaling ¥17,954,441.87 in Q1 2021, compared to ¥12,381,900.12 in Q1 2020, marking a rise of 45.5%[23] Other Financial Metrics - The weighted average return on equity increased by 2.20 percentage points to 3.58%[6] - The company's long-term equity investments increased to 172,332,856.53 RMB from 168,970,868.34 RMB at the end of 2020[15] - The company's long-term equity investments stood at ¥505,332,856.53, slightly up from ¥501,970,868.34 in the previous year, indicating stability in investment strategy[20] Market and Product Development - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[21] - The company has not disclosed any new product or technology developments during this reporting period[11] - The company has not reported any new product developments or market expansion strategies in this quarter[41]