Anzheng Fashion(SH:603839)2021-04-26 16:00Financial Performance - Operating revenue for the current period reached CNY 821,071,243.07, an increase of 44.16% year-on-year[5] - Net profit attributable to shareholders was CNY 78,784,888.22, reflecting a growth of 1.82% compared to the same period last year[5] - The company reported a net profit of CNY 72,033,026.10 after deducting non-recurring gains and losses, which is a 43.72% increase compared to the previous year[5] - Total revenue for Q1 2021 reached ¥821,071,243.07, a 44.1% increase from ¥569,551,507.24 in Q1 2020[29] - Net profit for Q1 2021 was ¥80,958,331.18, a decrease of 17.2% compared to ¥97,746,678.06 in Q1 2020[30] - The company’s total comprehensive income for Q1 2021 was ¥107.24 million, compared to ¥36.45 million in Q1 2020, showing a growth of 194.5%[32] Cash Flow - Cash flow from operating activities improved significantly to CNY 32,250,401.79, a turnaround from a negative cash flow of CNY -345,614,746.82 in the previous year, marking a 109.33% increase[5] - The company’s cash flow from operating activities remains a focus for future growth strategies[29] - Cash flow from operating activities generated a net inflow of ¥32.25 million in Q1 2021, a turnaround from a net outflow of ¥345.61 million in Q1 2020[35] - The net cash flow from operating activities for Q1 2021 was ¥84,887,237.38, a decrease from ¥253,219,733.39 in Q1 2020, representing a decline of approximately 66.5%[39] - The net cash flow from investing activities was ¥11,450,518.50 in Q1 2021, compared to a negative cash flow of ¥298,132,937.25 in Q1 2020, indicating a significant improvement[39] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,623,822,681.63, a decrease of 2.23% compared to the end of the previous year[5] - The company's current assets totaled CNY 2,804,285,131.88, down from CNY 2,991,178,158.34 at the end of 2020, indicating a decline of approximately 6.25%[21] - Total liabilities decreased to CNY 1,545,504,415.57 from CNY 1,702,109,706.29, a reduction of approximately 9.23%[23] - The total liabilities rose from ¥1,702,109,706.29 to ¥1,808,166,696.44, reflecting an increase of approximately 6.2%[43] - Total current assets reached approximately 1.59 billion, with cash and cash equivalents at approximately 422.33 million[45] Shareholder Information - The number of shareholders at the end of the reporting period was 21,462, with the top ten shareholders holding a significant portion of shares[7] - The largest shareholder, Zheng Anzheng, holds 151,165,218 shares, accounting for 37.78% of the total shares[7] - Shareholders' equity rose to ¥2,848,318,073.10 in Q1 2021, compared to ¥2,749,998,105.67 in Q1 2020, marking a 3.6% increase[29] Operational Metrics - Gross profit margin for the overall business was 53.87%, reflecting a year-on-year increase of 4.16%[11] - Online sales accounted for 44.46% of total revenue, with a gross profit margin of 35.96%[15] - The Northeast region saw a remarkable revenue increase of 210.91%, contributing CNY 5,379.32 to total sales[17] - The company opened 114 new stores while closing 151, resulting in a total of 2,416 stores by the end of the reporting period[10] Investment and Expenses - Investment income decreased by 50.96% to CNY 14,900,531.81, primarily due to fewer equity transfer gains compared to the previous year[9] - Research and development expenses for Q1 2021 were ¥18,254,590.33, up 11.7% from ¥16,339,560.66 in Q1 2020[29] - The company reported a decrease in other receivables by ¥6,448,863.90, from ¥94,310,589.43 to ¥87,861,725.53, which may impact liquidity[41] Financial Strategy - The company has not disclosed any new product or technology developments in this report[8] - There are no significant mergers or acquisitions reported during this quarter[8] - The company adopted new leasing standards starting in 2021, which may affect future financial reporting and asset valuations[40]