LBX(SH:603883)2021-04-27 16:00Financial Performance - Operating revenue for the first quarter reached CNY 3.64 billion, a year-on-year increase of 10.85%[4] - Net profit attributable to shareholders was CNY 227.54 million, reflecting a growth of 16.03% year-on-year[4] - Basic and diluted earnings per share increased by 14.29% to CNY 0.56[5] - The weighted average return on equity rose to 4.50%, an increase of 0.59 percentage points from the previous year[4] - The net profit after deducting non-recurring gains and losses was CNY 191.71 million, up 13.06% year-on-year[4] - Total operating revenue for Q1 2021 reached RMB 3,638,107,166, an increase of 10.9% compared to RMB 3,282,152,609 in Q1 2020[30] - Net profit for Q1 2021 was RMB 256,973,163, representing a 11.8% increase from RMB 229,844,314 in Q1 2020[31] - The total net profit for Q1 2021 was CNY 51,303,566, a decrease of 26% compared to CNY 69,079,443 in Q1 2020[34] Cash Flow - Net cash flow from operating activities surged by 121.96% to CNY 446.88 million compared to the same period last year[4] - The net cash flow from operating activities was CNY 446,879,815, up from CNY 201,335,909 in Q1 2020, indicating a significant improvement[36] - Cash inflow from financing activities totaled CNY 1,440,084,903, significantly higher than CNY 682,283,719 in Q1 2020[37] - The company reported a net cash outflow from investing activities of CNY (683,483,360), worsening from CNY (522,747,958) in Q1 2020[37] - The total operating cash inflow was CNY 4,147,766,316, compared to CNY 3,877,341,120 in Q1 2020, reflecting a growth in operational efficiency[36] Assets and Liabilities - Total assets increased by 23.55% to CNY 13.94 billion compared to the end of the previous year[4] - Total liabilities increased to ¥9,349,947,751, up from ¥6,478,731,148, reflecting a significant growth in financial obligations[25] - Current liabilities increased to ¥5,411,128,931 from ¥4,763,735,409, reflecting higher short-term financial obligations[28] - The company reported a significant increase in accounts receivable financing, rising by 70.18% to approximately 30 million yuan[12] - Cash and cash equivalents amounted to 1,043,665,905, down from 1,372,221,708 at the end of the previous year[23] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,328[8] - The largest shareholder, Laobai People Medical Group Co., Ltd., holds 30.94% of the shares, with 126,452,741 shares pledged[8] - Owner's equity totaled ¥3,751,213,730, up from ¥3,718,952,613, indicating a slight increase in shareholder value[28] Store Operations - The company opened 793 new stores in the reporting period, bringing the total number of stores to 7,268[14] - The company opened 582 new direct stores and 211 franchise stores during the reporting period, while closing 58 stores due to strategic adjustments[19] - The number of stores at the end of the reporting period was 7,268, with 5,439 direct stores and 1,829 franchise stores[19] Product and Sales Performance - The online retail sales for new retail services amounted to 123 million yuan, a year-on-year increase of 144%[14] - The company launched 71 new self-owned brand products, with total sales of self-owned brand products reaching 413 million yuan, up 119% year-on-year[15] - The company’s commercial insurance sales reached 55.62 million yuan, a year-on-year growth of 97.2%[15] Financial Adjustments and Standards - The company implemented a new leasing standard, resulting in a significant adjustment in non-current assets, increasing from 5,649,434,701 RMB to 7,955,647,927 RMB, an increase of 2,306,213,226 RMB[41] - The company adopted new leasing standards effective January 1, 2021, impacting the recognition of lease liabilities and right-of-use assets[44]