Leysen(SH:603900)2021-04-28 16:00Financial Performance - Operating revenue surged by 98.20% to CNY 438,917,164.08 year-on-year[13] - Net profit attributable to shareholders increased by 421.83% to CNY 62,100,244.90 compared to the same period last year[13] - Basic earnings per share increased by 421.14% to CNY 0.1824[7] - Total revenue for Q1 2021 reached ¥438,917,164.08, a significant increase of 98.3% compared to ¥221,456,251.20 in Q1 2020[28] - Operating profit for Q1 2021 was ¥81,811,396.03, up from ¥13,686,766.07 in Q1 2020, reflecting a growth of 497.5%[28] - Net profit for Q1 2021 was ¥62,049,581.58, compared to ¥11,698,978.78 in Q1 2020, representing a year-over-year increase of 429.5%[28] Assets and Liabilities - Total assets increased by 5.10% to CNY 2,783,386,506.28 compared to the end of the previous year[7] - Total assets as of March 31, 2021, amounted to CNY 2,783,386,506.28, an increase from CNY 2,648,374,860.57 as of December 31, 2020[20] - Total liabilities increased to CNY 403,476,646.43 from CNY 330,711,071.69, indicating a rise in financial obligations[22] - The company's equity attributable to shareholders rose to CNY 2,379,664,336.99 from CNY 2,317,329,312.82, showing an increase of approximately 2.7%[22] - The company's total assets increased to ¥2,800,041,471.75 in Q1 2021, up from ¥2,715,948,244.02 in Q1 2020, marking a growth of 3.1%[25] - Total liabilities rose to ¥737,822,832.52 in Q1 2021, compared to ¥686,755,118.03 in Q1 2020, an increase of 7.4%[25] Cash Flow - Cash flow from operating activities decreased by 6.11% to CNY 54,936,684.80 compared to the previous year[13] - Investment activities generated a net cash flow of CNY 106,545,427.69, a significant improvement from the previous year's negative cash flow[13] - The company reported a net cash flow from investment activities affected by timing differences in financial management[18] - The cash flow from operating activities for Q1 2021 was RMB 54.94 million, slightly down from RMB 58.51 million in Q1 2020[34] - The company reported a net increase in cash and cash equivalents of ¥154,069,026.25, compared to an increase of ¥46,097,364.25 in Q1 2020[37] Expenses - Sales expenses rose by 37.88% to CNY 118,057,553.13 due to increased wages and bonuses[13] - The total operating costs for Q1 2021 were ¥360,182,677.67, an increase of 70.6% from ¥211,255,428.42 in Q1 2020[28] - The company incurred a total of RMB 83.31 million in selling expenses in Q1 2021, which is an increase of 40.6% from RMB 59.19 million in Q1 2020[32] Shareholder Information - The number of shareholders reached 16,161 at the end of the reporting period[11] - The company's total equity remained stable at ¥2,317,663,788.88, indicating consistent shareholder value[41] Governance and Management - The company is undergoing an audit due to investigations involving board members, which may impact future operations[17] - The actual controller of the company changed, with significant implications for governance and control[17] Research and Development - Research and development expenses for Q1 2021 amounted to ¥294,253.67, compared to ¥138,761.81 in Q1 2020, showing a growth of 112.5%[28] Market Strategy - The company plans to continue expanding its market presence and investing in new product development to sustain growth in the upcoming quarters[32]