QM HOME(SH:603818)2021-04-27 16:00Financial Performance - In Q1 2021, the company's operating revenue reached CNY 1,149,115,901.46, representing a 36.89% increase compared to the same period last year[10] - The net profit attributable to shareholders was CNY 61,402,125.16, a significant increase of 281.33% year-on-year[10] - The net profit excluding non-recurring gains and losses was CNY 49,626,101.85, up 242.26% from the previous year[10] - The basic earnings per share rose to CNY 0.11, a 257.14% increase from the previous year[10] - Operating profit for Q1 2021 was ¥84,526,941.01, compared to a loss of ¥41,152,825.12 in Q1 2020[27] - Net profit for Q1 2021 was ¥69,555,076.56, reversing a loss of ¥33,496,556.26 in Q1 2020[28] - The company reported a total comprehensive income of ¥67,856,125.62 for Q1 2021, compared to a loss of ¥304,911,230.15 in Q1 2020[28] - The company reported a total comprehensive income of ¥3.79 million for Q1 2021, recovering from a loss of ¥21.49 million in Q1 2020[32] Asset and Liability Management - The company's total assets increased by 2.13% to CNY 7,846,190,772.80 compared to the end of the previous year[10] - Total assets as of March 31, 2021, amounted to CNY 7,846,190,772.80, an increase from CNY 7,682,310,985.52 as of December 31, 2020, representing a growth of approximately 2.14%[20] - Non-current assets totaled CNY 5,702,243,270.09, up from CNY 5,517,291,532.34, indicating an increase of about 3.35%[20] - The total liabilities as of March 31, 2021, were CNY 5,169,288,480.64, compared to CNY 5,073,264,818.98 at the end of 2020, showing a slight increase of about 1.9%[21] - The equity attributable to shareholders increased from CNY 2,160,512,617.15 to CNY 2,219,745,263.01, representing a growth of approximately 2.74%[21] - Total liabilities increased from ¥5,073,264,818.98 to ¥5,280,926,684.68, a rise of ¥207,661,865.70[40] Cash Flow and Liquidity - The cash flow from operating activities showed a net outflow of CNY 52,975,023.50, which is a 50.49% decrease compared to the same period last year[10] - Cash and cash equivalents decreased by 28.00% to ¥511,075,198.68 from ¥709,871,744.26, resulting from loan repayments and procurement payments[16] - Cash flow from operating activities for Q1 2021 was negative at ¥52.98 million, worsening from a negative cash flow of ¥35.20 million in Q1 2020[32] - The company’s cash and cash equivalents position improved, contributing to a stronger liquidity profile[24] - The ending cash and cash equivalents balance for Q1 2021 was $168.50 million, compared to $153.55 million at the end of Q1 2020, reflecting an increase of 9.7%[36] Operating Costs and Expenses - Operating costs increased by 39.39% to ¥647,411,210.60 from ¥464,468,654.50, attributed to the rise in sales orders[15] - Research and development expenses rose by 14.32% to ¥17,971,422.79, driven by increased investment in personnel and materials[15] - Financial expenses surged by 121.97% to ¥53,839,421.75, primarily due to reduced foreign exchange gains compared to the previous year[15] - The total operating costs for Q1 2021 were ¥1,081,586,073.01, an increase from ¥820,421,358.24 in Q1 2020[27] - The company incurred R&D expenses of ¥9.30 million in Q1 2021, an increase from ¥7.82 million in Q1 2020[31] Market and Business Growth - The company experienced rapid growth in both domestic and overseas businesses, with a notable increase in retail sales and B2B engineering business[7] - The company benefited from the recovery of the domestic market post-COVID-19, leading to increased sales and order volumes[7] - Cash inflow from sales of goods and services was ¥1.24 billion in Q1 2021, up from ¥840.52 million in Q1 2020[32] - The company raised ¥781.12 million through borrowings in Q1 2021, compared to ¥128.80 million in Q1 2020[33]