SKSHU(SH:603737)2021-04-28 16:00Financial Performance - Operating revenue for the period was ¥1,483,058,231.97, representing a year-on-year growth of 241.20%[4] - Net profit attributable to shareholders was ¥8,067,028.85, a significant recovery from a loss of ¥126,384,012.18 in the same period last year[4] - The weighted average return on equity increased by 7.93 percentage points, reflecting improved profitability[4] - The basic earnings per share improved, moving from -0.68 to a positive figure, although specific values were not disclosed[4] - Net profit for Q1 2021 was ¥16,582,943.47, a turnaround from a net loss of ¥123,742,413.60 in Q1 2020[21] - Earnings per share for Q1 2021 was ¥0.03, compared to a loss per share of ¥0.68 in Q1 2020[21] - The company reported a significant increase in sales expenses, which rose to ¥298,690,491.85 in Q1 2021 from ¥219,546,942.65 in Q1 2020, an increase of about 35.9%[19] Cash Flow and Liquidity - The net cash flow from operating activities improved, with a net outflow of ¥448,173,910.04, a reduction of ¥381,138,400 compared to the previous year[5] - Cash and cash equivalents decreased to RMB 767,598,325.53, down 42.04% from RMB 1,324,293,833.46, mainly due to increased performance guarantee payments[9] - The cash flow from operating activities for Q1 2021 was a net outflow of approximately ¥448.17 million, an improvement from a net outflow of ¥829.31 million in Q1 2020[25] - The total cash outflow from operating activities in Q1 2021 was approximately ¥2.79 billion, compared to ¥1.69 billion in Q1 2020, reflecting an increase of 65.5%[25] - Cash inflow from operating activities for Q1 2021 was approximately ¥966.26 million, a significant increase from ¥466.59 million in Q1 2020, representing a growth of 106.5%[26] - The company’s cash inflow from operating activities was primarily driven by a significant increase in sales revenue, which reached ¥937.03 million in Q1 2021, compared to ¥459.58 million in Q1 2020, representing a growth of 103.5%[26] Assets and Liabilities - Total assets at the end of the reporting period reached ¥9,251,863,795.26, an increase of 1.73% compared to the end of the previous year[4] - Total liabilities rose to ¥6,582,298,009.22, up from ¥6,441,169,712.29, reflecting an increase of around 2.19%[15] - Current liabilities decreased slightly to ¥5,791,682,431.68 from ¥5,807,733,232.64, a reduction of approximately 0.28%[14] - Total liabilities as of Q1 2021 amounted to ¥3,144,515,373.92, up from ¥2,444,917,032.57 in Q1 2020, marking an increase of about 28.6%[18] - The company’s total liabilities included a significant increase in contract liabilities, which rose by 115.73% to RMB 190,078,065.73 from RMB 88,107,497.67, due to increased customer prepayments[9] - The company reported a decrease in long-term payables to zero, down from RMB 101,197,310.68, due to adjustments in accounting standards[9] Investments and Expenses - Research and development expenses rose by 38.35% to RMB 42,009,345.46 from RMB 30,363,724.86, indicating increased investment in innovation[10] - The company incurred research and development expenses of approximately ¥22.00 million in Q1 2021, slightly up from ¥21.37 million in Q1 2020, indicating a year-over-year increase of 3.0%[22] - The company’s cash outflow for employee compensation increased to ¥78.13 million in Q1 2021 from ¥60.19 million in Q1 2020, reflecting a rise of 29.9%[26] Market Position and Future Plans - The company plans to continue expanding its market presence and enhancing product offerings in the upcoming quarters[5] - The company received government subsidies amounting to ¥80,328,887.27, which positively impacted the financial results[6] - The number of shareholders at the end of the reporting period was 7,095, with the largest shareholder holding 67.02% of the shares[7]