LONCIN(SH:603766)2021-04-23 16:00Financial Performance - Operating income for the period was CNY 2,843,249,686.32, representing an increase of 82.82% year-on-year[19] - Net profit attributable to shareholders of the listed company was CNY 170,216,913.98, up 60.29% from the previous year[19] - Basic earnings per share increased by 60.35% to CNY 0.0829[21] - The company achieved revenue of CNY 2.84 billion in Q1 2021, an increase of 82.82% year-on-year, with export revenue reaching CNY 1.98 billion, up 93.58%[33] - Net profit attributable to the parent company was CNY 170 million, a year-on-year increase of 60.29%, while the net profit after deducting non-recurring items was CNY 157 million, up 91.11%[33] - The motorcycle and engine business generated revenue of CNY 1.67 billion, a 72% increase, with the "Wujie" series motorcycle sales rising to 7,300 units, up 115%[33] - Total revenue for Q1 2021 reached ¥2,843,249,686.32, a significant increase of 83% compared to ¥1,555,181,701.67 in Q1 2020[73] - Net profit for Q1 2021 was ¥171,414,643.90, compared to ¥91,463,085.92 in Q1 2020, representing an increase of 87%[75] Cash Flow - Net cash flow from operating activities was CNY 76,492,197.02, a significant improvement of 130.47% compared to a negative cash flow of CNY 251,014,850.89 in the same period last year[19] - The company's cash inflow from operating activities in Q1 2021 was CNY 2,697,329,164.30, compared to CNY 2,058,577,314.87 in Q1 2020, marking a growth of approximately 31.0%[88] - Cash flow from operating activities generated a net amount of ¥76,492,197.02, a significant improvement from a net outflow of ¥251,014,850.89 in the previous year[92] - The total cash outflow for operating activities was ¥2,620,836,967.28, compared to ¥2,309,592,165.76 in the previous year, indicating an increase of approximately 13.4%[92] Assets and Liabilities - Total assets at the end of the reporting period were CNY 13,161,353,849.63, a decrease of 0.07% compared to the end of the previous year[19] - Total liabilities decreased to ¥5,417,648,906.22 from ¥5,570,971,582.05, indicating a reduction of approximately 2.7%[58] - The company's total equity increased to ¥7,743,704,943.41 from ¥7,599,007,374.52, representing a growth of about 1.9%[61] - The total assets as of March 31, 2021, were ¥13,161,353,849.63, slightly down from ¥13,169,978,956.57[61] - The company's long-term investments remained stable at ¥1,944,597,370.84, showing no significant change from the previous period[68] Shareholder Information - The total number of shareholders at the end of the reporting period was 45,583[29] - The largest shareholder, Longxin Holdings Co., Ltd., held 50.07% of the shares, with a total of 1,028,236,055 shares[29] Research and Development - Research and development expenses for Q1 2021 were ¥67,839,755.47, compared to ¥55,999,752.45 in Q1 2020, showing an increase of about 21%[73] - Research and development expenses for Q1 2021 amounted to CNY 26,227,678.63, which is an increase from CNY 13,926,208.98 in Q1 2020, representing an increase of about 88.5%[81] Other Financial Metrics - The company reported non-recurring gains and losses totaling CNY 13,263,172.27 for the period[25] - The weighted average return on equity rose to 2.33%, an increase of 0.81 percentage points from the previous year[19] - The company reported a financial income of -¥8,608,125.79 in Q1 2021, an improvement from -¥18,177,604.49 in Q1 2020[73] - The company recorded a fair value loss of CNY -9,096,700.00 in Q1 2021, compared to a loss of CNY -2,160,273.98 in Q1 2020, representing a significant increase in losses[81]