Peacebird(SH:603877)2021-04-21 16:00Financial Performance - Operating revenue surged by 93.10% to CNY 267,009.38 million year-on-year[14] - Net profit attributable to shareholders reached CNY 20,333.36 million, a significant increase of 2,222.25% compared to the previous year[14] - Basic and diluted earnings per share increased to CNY 0.43, up 2,050.00% from CNY 0.02 in the same period last year[14] - The company's operating revenue for the current period reached RMB 267,009.38 million, representing a 93.10% increase compared to the same period last year[25] - Net profit for Q1 2021 was ¥203,090,225.39, compared to ¥7,332,407.37 in Q1 2020, marking a substantial increase of 2,676.5%[51] - The company achieved an operating profit of ¥276,906,642.83 in Q1 2021, a significant increase from ¥19,796,401.28 in Q1 2020[51] Assets and Liabilities - Total assets increased by 4.63% to CNY 893,694.98 million compared to the end of the previous year[14] - Total current assets decreased from CNY 6,307,828,267.48 in December 2020 to CNY 5,676,580,806.65 in March 2021, a decline of approximately 10%[34] - Total non-current assets increased from CNY 2,233,532,847.03 in December 2020 to CNY 3,260,369,020.33 in March 2021, an increase of about 46%[37] - Total liabilities increased from CNY 4,640,963,774.26 in December 2020 to CNY 4,833,462,261.34 in March 2021, an increase of approximately 4.1%[39] - The company reported a total of ¥4,639,505,584.69 in total assets for Q1 2021, compared to ¥4,227,514,144.08 in Q1 2020, showing a growth of 9.7%[45] - The total liabilities increased to ¥2,011,509,167.50 in Q1 2021 from ¥1,646,184,769.12 in Q1 2020, representing a growth of 22.2%[45] Cash Flow - Net cash flow from operating activities was negative at CNY -19,678.34 million, compared to CNY -18,224.06 million in the previous year[14] - The net cash flow from operating activities was -¥196,783,381.00, slightly worse than the previous year's -¥182,240,557.60[63] - Total operating cash inflow was ¥2,957,713,680.88, up from ¥1,646,894,968.97 year-over-year, reflecting a growth of approximately 79.7%[61] - The company reported a total operating cash outflow of ¥3,154,497,061.88, which increased from ¥1,829,135,526.57 year-over-year[61] Shareholder Information - The total number of shareholders at the end of the reporting period was 7,212[22] - The largest shareholder, Peacebird Group Co., Ltd., holds 48.11% of the shares, with 229,362,000 shares pledged[22] Research and Development - Research and development expenses increased by 108.96% to RMB 3,205.34 million, reflecting a significant investment in design personnel and other R&D costs[25] - Research and development expenses for Q1 2021 were ¥32,053,425.61, compared to ¥15,339,430.30 in Q1 2020, reflecting a year-over-year increase of 108.5%[49] Store Operations - The company opened 42 new direct-operated stores and 88 franchise stores while closing 26 direct-operated stores and 88 franchise stores, resulting in a net increase of 16 stores[31] - The total number of offline stores reached 4,632, comprising 1,570 direct-operated stores and 3,062 franchise stores[31] Financial Expenses - The company's financial expenses surged by 424.91% to RMB 2,033.22 million due to the first-time implementation of new leasing standards[25] - The company’s financial expenses increased to ¥20,332,202.00 in Q1 2021 from ¥3,873,473.45 in Q1 2020, reflecting a rise of 424.5%[49]