Headman(SH:688577)2021-04-25 16:00Financial Performance - Operating revenue surged by 146.27% to CNY 113,530,293.96 from CNY 46,100,008.65 year-on-year[5] - Net profit attributable to shareholders increased by 1,079.25% to CNY 15,410,707.47 from CNY 1,306,818.95 year-on-year[5] - Basic earnings per share rose by 866.67% to CNY 0.29 from CNY 0.03 year-on-year[5] - The company reported non-recurring gains of CNY 1,207,801.97 during the period[9] - The company’s operating profit increased by 951.25% to ¥18,339,854.38, reflecting the overall growth in sales revenue[14] - Net profit surged by 1079.25% to ¥15,410,707.47, reflecting significant growth in sales revenue[14] - Total operating revenue for Q1 2021 reached ¥113,530,293.96, a significant increase of 146.5% compared to ¥46,100,008.65 in Q1 2020[26] - Operating profit for Q1 2021 was ¥18,352,449.67, up from ¥1,744,568.65 in Q1 2020, reflecting a growth of 950.5%[27] - Net profit for Q1 2021 was ¥15,410,707.47, compared to ¥1,306,818.95 in Q1 2020, representing an increase of 1,080.5%[27] Assets and Liabilities - Total assets increased by 4.84% to CNY 1,098,814,054.82 compared to the end of the previous year[5] - Total liabilities increased by 46.18% to ¥66,196,450.23, attributed to a rise in orders and received advance payments[13] - The company's total assets amounted to CNY 1,098,814,054.82, an increase from CNY 1,048,060,187.74 as of December 31, 2020, reflecting a growth of approximately 4.8%[20] - The total liabilities of the company were CNY 318,052,624.49, up from CNY 282,324,759.85, which is an increase of about 12.7%[19] - Total liabilities increased to ¥310,259,690.96 in Q1 2021 from ¥274,448,585.15 in Q1 2020, marking a rise of 13.0%[24] Cash Flow - Cash flow from operating activities decreased by 74.23% to CNY 6,221,421.49 compared to CNY 24,138,953.80 in the same period last year[5] - Cash and cash equivalents decreased by 66.79% to ¥73,341,039.03 due to idle funds being used to purchase financial products[13] - The net cash flow from operating activities decreased to CNY 6,221,421.49 in Q1 2021 from CNY 24,138,953.80 in Q1 2020, a decline of approximately 74.2%[32] - The cash and cash equivalents at the end of Q1 2021 were CNY 299,361,220.53, down from CNY 24,650,241.57 at the end of Q1 2020, a decrease of approximately 1,214.5%[32] - The cash outflow from investing activities was CNY 31,374,528.98 in Q1 2021, compared to CNY 2,105,086.80 in Q1 2020, indicating an increase of about 1,394.5%[32] - The cash outflow from financing activities was CNY 536,902.28 in Q1 2021, a decrease from CNY 67,422,024.93 in Q1 2020, representing a reduction of approximately 99.2%[32] Shareholder Information - The total number of shareholders reached 3,391 at the end of the reporting period[11] - The largest shareholder, Gao Changquan, holds 24.04% of the shares, totaling 12,976,733 shares[11] Research and Development - Research and development expenses as a percentage of operating revenue decreased by 3.27 percentage points to 5.05%[6] - Research and development expenses rose by 49.54% to ¥5,734,686.67, indicating increased investment in new product development[14] - Research and development expenses for Q1 2021 were ¥5,734,686.67, compared to ¥3,834,809.28 in Q1 2020, an increase of 49.5%[27] Other Financial Metrics - Investment income increased by 546.76% to ¥1,372,623.52, resulting from returns on idle funds invested in financial products[14] - Sales expenses increased by 98.13% to ¥9,447,514.58, driven by higher employee compensation and logistics costs[14] - The company reported a significant increase in cash received from tax refunds, rising by 269.31% to ¥1,075,405.55[14] - The company reported a total comprehensive income of CNY 14,511,373.50 for Q1 2021, compared to CNY 1,635,123.20 in Q1 2020, indicating a growth of around 786.5%[31] Accounting and Compliance - The company did not apply the new leasing standards for the first time in 2021, and there were no retrospective adjustments to prior comparative data[35] - The financial report did not include an audit report, indicating that it was not applicable for this period[35] - There were no significant changes in accounting policies or practices reported for this quarter[35] - The management team remains focused on maintaining financial stability and compliance with accounting standards[35]