LYKL(SH:605086)2021-04-29 16:00Financial Performance - Operating income rose by 61.34% to CNY 62,938,500.77 year-on-year[5] - Net profit attributable to shareholders increased by 124.14% to CNY 23,837,756.75 compared to the same period last year[5] - Basic and diluted earnings per share both reached CNY 0.25, reflecting a 127.27% increase[7] - The company's operating revenue for Q1 2021 was CNY 62,938,500.77, representing a 61.34% increase compared to CNY 39,009,872.97 in the same period last year, primarily due to lower revenue in the previous year caused by the pandemic[12] - Operating profit for Q1 2021 was ¥31,774,936.11, up from ¥14,113,128.62 in Q1 2020, reflecting a growth of 125.5%[25] - Net profit for Q1 2021 was ¥23,837,756.75, compared to ¥10,635,020.58 in Q1 2020, representing an increase of 124.5%[25] - The company reported a total comprehensive income of CNY 23,907,210.81 for Q1 2021, compared to CNY 10,635,387.28 in Q1 2020[30] Cash Flow and Liquidity - Net cash flow from operating activities surged by 148.48% to CNY 31,727,814.14 year-on-year[5] - The net cash flow from operating activities increased by 148.48% to CNY 31,727,814.14, up from CNY 12,768,790.43 in the previous year, driven by increased cash receipts from sales of goods and services[13] - The cash flow from operating activities was CNY 31,727,814.14, significantly higher than CNY 12,768,790.43 in Q1 2020, indicating a 148% increase[33] - In Q1 2021, the company generated operating cash inflow of CNY 74,126,538.83, a 78.5% increase from CNY 41,572,108.39 in Q1 2020[36] - The net cash flow from operating activities was CNY 31,752,875.22, compared to CNY 12,769,157.13 in the same period last year, reflecting a significant growth[36] - Cash and cash equivalents increased by 157.12% to CNY 74,848,561.66 due to higher sales revenue and the redemption of financial products[11] - Cash and cash equivalents at the end of Q1 2021 totaled CNY 74,719,010.31, up from CNY 29,282,775.52 at the end of Q1 2020, indicating strong liquidity[37] - The net increase in cash and cash equivalents for Q1 2021 was CNY 45,763,087.86, compared to a decrease of CNY -3,489,317.46 in Q1 2020[37] Assets and Liabilities - Total assets increased by 3.18% to CNY 677,806,352.25 compared to the end of the previous year[5] - The company’s net assets attributable to shareholders increased by 4.08% to CNY 605,529,274.43 compared to the end of the previous year[5] - The total liabilities decreased to CNY 72,277,077.82 from CNY 75,094,583.84, indicating a reduction in the company's debt levels[17] - Total current assets as of March 31, 2021, amounted to ¥161,294,720.83, up from ¥137,783,029.14 at the end of 2020, indicating a growth of 17.0%[21] - Total assets reached ¥677,959,870.47 as of March 31, 2021, compared to ¥656,974,274.34 at the end of 2020, marking an increase of 3.0%[22] - Total liabilities decreased to ¥72,277,077.82 from ¥75,094,583.84 at the end of 2020, a reduction of 3.6%[22] Shareholder Information - The top shareholder, Longyan Investment Development Group, holds 80.05% of the shares[10] - The company reported a total of 3 shareholders at the end of the reporting period[10] Research and Development - Research and development expenses for Q1 2021 were ¥1,272,453.97, slightly up from ¥1,134,643.66 in Q1 2020, reflecting a growth of 12.2%[25] - The company received CNY 211,140.00 in other income during the reporting period, primarily from research and development funding subsidies[12] Financial Management - The company reported a significant decrease in financial expenses, with a net financial expense of CNY -99,154.96, compared to CNY 133,097.41 in the previous year, mainly due to no interest expenses incurred during the reporting period[12] - The company reported a decrease in financial expenses, with a net financial income of CNY -99,521.26 in Q1 2021 compared to CNY 132,730.71 in Q1 2020[29] - The company’s financial performance indicates a robust recovery and growth trajectory, positioning it well for future investments and expansions[36]