M&G(SH:603899)2021-04-28 16:00Financial Performance - Operating revenue for the period was ¥3,812,032,207.40, representing an impressive growth of 82.96% year-on-year[4] - Net profit attributable to shareholders was ¥328,287,641.63, reflecting a 42.50% increase compared to the same period last year[4] - The company reported a net profit excluding non-recurring gains and losses of ¥294,898,619.82, which is a 69.49% increase year-on-year[4] - The company's operating revenue for Q1 2021 reached RMB 3,812,032,207.40, an increase of 82.96% compared to RMB 2,083,587,295.14 in Q1 2020[11] - The company reported a net profit attributable to shareholders of RMB 328,287,641.63, up 42.05% from RMB 230,373,494.44 in Q1 2020[12] - The total profit for Q1 2021 was CNY 408,578,267.63, compared to CNY 270,061,944.66 in Q1 2020, marking a 51.5% increase[24] - The company reported a net profit margin of approximately 9.5% for Q1 2021, reflecting improved operational efficiency[23] Cash Flow - The net cash flow from operating activities was ¥164,242,625.68, a significant recovery from a negative cash flow of ¥258,692,211.83 in the previous year[4] - The cash inflow from operating activities reached CNY 4,719,246,035.93, a significant increase from CNY 2,581,496,280.94 in Q1 2020, representing a growth of approximately 83.8%[28] - The net cash flow from investment activities improved to CNY 454,473,428.01, compared to a negative cash flow of CNY -56,475,429.30 in the previous year[29] - The total cash inflow from operating activities was CNY 1,835,316,695.93, compared to CNY 1,133,225,098.93 in Q1 2020, marking an increase of approximately 62%[30] Assets and Liabilities - Total assets at the end of the reporting period reached ¥9,713,199,096.73, a slight increase of 0.03% compared to the end of the previous year[4] - Current assets decreased to ¥6,933,155,752.70 from ¥7,241,147,373.69 year-over-year, reflecting a decline of approximately 4.26%[18] - Total liabilities increased due to the implementation of new leasing standards, resulting in a rise in lease liabilities to RMB 153,552,273.73[10] - Total liabilities decreased to ¥3,888,774,734.51 from ¥4,268,921,575.72, a reduction of about 8.88%[20] - Non-current assets increased to ¥2,780,043,344.03 from ¥2,468,761,062.63, representing a growth of about 12.59%[19] - The company's equity attributable to shareholders rose to ¥5,552,442,945.87 from ¥5,193,568,712.05, an increase of approximately 6.93%[20] Shareholder Information - The number of shareholders at the end of the reporting period was 28,556, with the largest shareholder holding 57.79% of the shares[6] - Basic earnings per share rose to ¥0.3552, marking a 41.85% increase from ¥0.2504 in the same period last year[4] - The total comprehensive income attributable to shareholders of the parent company was CNY 329,200,163.17, up from CNY 230,755,132.84, a 42.5% increase[25] Expenses and Costs - The company experienced a 49.35% increase in selling expenses, totaling RMB 333,807,288.03, driven by personnel and marketing costs[12] - Total operating costs for Q1 2021 were ¥3,449,124,278.65, up 82.2% from ¥1,891,076,005.84 in the same period last year[23] - Research and development expenses for Q1 2021 were ¥47,129,063.66, slightly up from ¥44,636,542.99 in Q1 2020[23] Government Support - The company received government subsidies totaling ¥34,169,738.13 during the reporting period, contributing positively to financial performance[5] Retail Expansion - The company expanded its retail presence, operating 442 retail stores nationwide, including 68 Morning Glory Living stores and 374 Jiwu Miscellaneous stores[16]