FLYCO(SH:603868)2021-04-22 16:00Financial Performance - Total revenue for Q1 2021 reached RMB 877,732,567.84, an increase of 23.15% compared to the same period last year[4] - Net profit attributable to shareholders was RMB 148,774,702.44, reflecting a growth of 15.05% year-on-year[4] - Basic earnings per share for the quarter were RMB 0.34, up 13.33% from RMB 0.30 in the same period last year[4] - The company reported a net profit of CNY 1,351,474,515.87 for the first quarter of 2021, up from CNY 1,214,832,720.33 in the same period of 2020, reflecting an increase of approximately 11.26%[20] - The company reported a total profit of ¥200,336,995.94 for Q1 2021, an increase of 17.0% compared to ¥171,275,450.51 in Q1 2020[23] Cash Flow - Net cash flow from operating activities was negative RMB 56,945,415.19, a decline of 144.01% compared to the previous year[4] - The net cash outflow from operating activities was approximately -$56.95 million, contrasting with a positive cash flow of $129.38 million in the same period last year[28] - The company paid approximately $951.38 million in cash outflows for operating activities, an increase of 19.4% compared to $796.58 million in Q1 2020[28] - The cash inflow from recovered investments was approximately $597.00 million, down from $948.00 million in Q1 2020, representing a decrease of 37.0%[28] Assets and Liabilities - The total assets at the end of the reporting period were RMB 3,724,657,787.70, down 4.23% from the end of the previous year[4] - Current liabilities totaled CNY 638,294,249.99, down from CNY 952,548,733.33, indicating a reduction of about 33.00%[14] - Total liabilities decreased to CNY 743,001,916.21 from CNY 1,056,295,831.09, indicating a reduction of about 29.54%[15] - Total liabilities reached approximately ¥653.7 million, with current liabilities at ¥653.3 million and non-current liabilities at ¥379.9 million[38] Shareholder Information - The company had a total of 9,517 shareholders at the end of the reporting period[6] - The largest shareholder, Shanghai Feike Investment Co., Ltd., held 80.99% of the shares[6] - Shareholders' equity increased to CNY 2,979,688,476.27 from CNY 2,830,587,950.70, reflecting a growth of approximately 5.25%[15] Expenses - Sales expenses surged by 84.45% to ¥140,323,195.57, mainly driven by higher advertising and promotional costs[10] - Research and development expenses in Q1 2021 amounted to ¥17,346,445.81, a rise of 24.0% from ¥13,911,621.99 in Q1 2020[23] - The company’s management expenses in Q1 2021 were ¥32,711,382.66, up 19.0% from ¥27,446,016.81 in Q1 2020[23] - The company’s tax expenses for Q1 2021 were ¥51,952,839.59, an increase of 22.7% from ¥42,287,405.37 in Q1 2020[23] Government Subsidies - Government subsidies recognized in the current period amounted to RMB 7,639,540.79[5] - The company received government subsidies related to non-operating activities amounting to ¥6,969,581.70, a 309.69% increase from the previous year[10] Investment Activities - Investment income increased by 43.88% to ¥4,945,019.49, attributed to new investments in joint ventures[9] - Cash inflows from investment activities totaled approximately $602.12 million, down from $951.58 million in Q1 2020, reflecting a decrease of 36.7%[28] Other Financial Metrics - The weighted average return on equity rose to 5.12%, an increase of 0.32 percentage points compared to the previous year[4] - Cash and cash equivalents increased by 50.41% to ¥621,624,616.05 compared to ¥413,293,847.53 at the end of 2020[9] - The company plans to use idle funds for wealth management, with a total limit of ¥1.3 billion approved by the board[11]