S-KING(SH:688328)2021-04-28 16:00Financial Performance - Revenue for the first quarter reached CNY 206,171,197.56, a significant increase of 260.97% year-over-year[5] - Net profit attributable to shareholders was CNY 21,055,507.10, compared to a loss of CNY 5,779,236.02 in the same period last year[5] - The net profit after deducting non-recurring gains and losses was CNY 20,843,446.79, a recovery from a loss of CNY 7,243,515.12 in the previous year[5] - Basic and diluted earnings per share were both CNY 0.35, recovering from a loss of CNY 0.10 per share in the same period last year[5] - Operating profit for Q1 2021 was ¥26,202,820.51, recovering from a loss of ¥6,178,216.49 in Q1 2020[26] - Net profit for Q1 2021 was ¥24,902,283.57, compared to a net loss of ¥5,945,867.41 in the same period last year[27] - Total revenue for Q1 2021 reached ¥206,171,197.56, a significant increase of 261.5% compared to ¥57,115,749.68 in Q1 2020[26] Assets and Liabilities - Total assets increased by 28.88% to CNY 1,405,915,768.03 compared to the end of the previous year[5] - The company’s total assets increased significantly, with construction in progress rising by 35.17% to ¥5,024,127.25[13] - Current assets totaled ¥1,254,532,487.17, up from ¥965,748,903.57, indicating a growth of about 30% year-over-year[19] - Total liabilities amounted to ¥619,615,412.83, slightly up from ¥606,503,963.22, indicating a marginal increase of around 2%[20] - Total liabilities decreased to ¥391,398,141.93 in Q1 2021, down from ¥451,625,466.38 in Q1 2020, a reduction of 13.3%[25] Cash Flow - The net cash flow from operating activities improved to -CNY 52,215,402.75, a 12.39% improvement from -CNY 59,596,599.82 in the previous year[5] - Cash flow from operating activities showed a net outflow of RMB 52,215,403 in Q1 2021, an improvement from RMB 59,596,600 in Q1 2020[32] - Cash flow from financing activities generated a net inflow of RMB 301,279,879 in Q1 2021, significantly higher than RMB 24,219,513 in Q1 2020[33] - The net cash flow from financing activities was ¥278,189,190.31, compared to ¥8,190,750.13 in the previous year, reflecting a significant increase of about 3,292.5%[36] Shareholder Information - The total number of shareholders reached 7,876 as of the report date[10] - The top shareholder, Huang Yihong, holds 16.49% of the shares, totaling 13,359,716 shares[10] Research and Development - Research and development expenses accounted for 6.81% of revenue, a decrease of 14.63 percentage points compared to the previous year[5] - Research and development expenses for Q1 2021 were ¥14,044,829.66, up from ¥12,244,241.21 in Q1 2020, indicating a focus on innovation[26] Market and Growth - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[26] - The company reported a significant increase in sales revenue, indicating strong market demand and potential for future growth[29]