LOPAL(SH:603906)2021-04-16 16:00Financial Performance - Operating revenue rose by 89.36% to CNY 595,096,783.47 year-on-year[10] - Net profit attributable to shareholders increased by 143.34% to CNY 60,515,712.37 compared to the same period last year[10] - Basic earnings per share increased by 125% to CNY 0.18 compared to the previous year[10] - Operating profit for Q1 2021 reached RMB 82,499,775.98, compared to RMB 35,104,938.12 in Q1 2020, reflecting a growth of 134.0%[39] - Net profit for Q1 2021 was RMB 69,912,245.78, up 110.5% from RMB 31,346,295.39 in Q1 2020[41] - The company reported a profit margin of 11.7% in Q1 2021, compared to 10.0% in Q1 2020[41] - The company’s total comprehensive income for Q1 2021 was RMB 69,961,658.67, compared to RMB 31,219,186.71 in Q1 2020, marking a growth of 123.5%[41] - The total comprehensive income for the first quarter of 2021 was CNY 23,343,564.96, compared to CNY 4,722,597.44 in the first quarter of 2020, indicating significant growth[46] Assets and Liabilities - Total assets increased by 7.37% to CNY 3,173,722,125.77 compared to the end of the previous year[10] - The total assets of the company as of March 31, 2021, were approximately ¥3.17 billion, an increase from ¥2.96 billion at the end of 2020[24] - Total liabilities increased to ¥986,709,122.49 from ¥840,652,620.65, representing a growth of approximately 17.4%[29] - Total equity attributable to shareholders rose to ¥1,986,458,631.80, up from ¥1,924,098,703.42, reflecting an increase of about 3.2%[29] - Current assets totaled ¥1,362,509,052.59, compared to ¥1,121,642,689.37, indicating a significant increase of approximately 21.4%[33] - Inventory increased to ¥177,960,584.43 from ¥153,100,974.63, marking a rise of about 16.3%[33] - Short-term borrowings increased by 32.49% to approximately ¥538.7 million, reflecting a rise in bank loans[24] Cash Flow - Net cash flow from operating activities decreased by 40.72% to CNY 92,014,339.95 year-on-year[10] - The net cash flow from operating activities was CNY 92,014,339.95, a decrease from CNY 155,210,691.96 in Q1 2020, showing a decline of about 40.6%[49] - Cash inflow from operating activities reached CNY 634,782,015.94, up from CNY 464,978,996.14 in the same period last year, reflecting a year-over-year increase of approximately 36.4%[49] - Cash outflow from investing activities totaled CNY 875,368,523.52, compared to CNY 568,279,743.53 in the previous year, representing an increase of approximately 54%[49] - The net cash flow from investing activities was -CNY 505,488,018.09, worsening from -CNY 367,319,862.09 in Q1 2020[49] - Cash inflow from financing activities was CNY 200,000,000.00, significantly higher than CNY 45,000,000.00 in the same quarter last year, marking an increase of over 344%[49] - The net cash flow from financing activities improved to CNY 126,835,289.67, compared to -CNY 35,686,083.75 in Q1 2020, indicating a positive turnaround[49] Shareholder Information - The number of shareholders at the end of the reporting period was 11,938[13] - The largest shareholder, Shi Junfeng, holds 44.11% of the shares[13] Government Support and Other Income - The company received government subsidies amounting to CNY 2,344,058.19 during the reporting period[12] - Non-operating income and expenses totaled CNY 1,894,555.14 after tax impacts[12] - Other income for Q1 2021 was RMB 2,262,572.88, down from RMB 3,664,328.46 in Q1 2020[39] Research and Development - Research and development expenses for Q1 2021 were approximately ¥23.7 million, an increase of 60.48% year-over-year, indicating a focus on innovation[20] - Research and development expenses increased to RMB 23,687,454.33 in Q1 2021, a rise of 60.5% from RMB 14,760,394.92 in Q1 2020[39] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[47]