SPEG(SH:900916)2021-04-27 16:00Financial Performance - Operating revenue surged by 151.05% to CNY 540,330,382.26 year-on-year[5] - Net profit attributable to shareholders reached CNY 21,269,315.56, a significant recovery from a loss of CNY 75,429.68 in the same period last year[5] - The weighted average return on net assets improved to 1.1123% from -0.0055% year-on-year[5] - Basic earnings per share increased to CNY 0.0457 from a loss of CNY 0.0002 in the previous year[5] - Total operating revenue for Q1 2021 reached ¥540,330,382.26, a significant increase of 150.0% compared to ¥215,227,904.08 in Q1 2020[18] - Net profit for Q1 2021 was ¥19,680,101.90, compared to a net profit of ¥757,322.62 in Q1 2020, representing a year-over-year increase of 2,496.5%[19] - Operating profit for Q1 2021 was ¥27,650,355.86, compared to ¥2,862,794.55 in Q1 2020, reflecting an increase of 867.5%[18] - Total comprehensive income for Q1 2021 was ¥25,575,505.73, compared to a loss of ¥14,339,039.67 in Q1 2020[19] Assets and Liabilities - Total assets increased by 14.45% to CNY 3,075,659,450.05 compared to the end of the previous year[5] - The total assets increased significantly, with trading financial assets rising by 186.51% to ¥78,097,723.36 from ¥27,258,246.80 due to the purchase of structured deposits[9] - Total liabilities increased to RMB 1,128,766,634.26 from RMB 755,273,767.11, marking a rise of around 49.3%[13] - The company's total liabilities remained stable, with no significant changes reported in the short-term borrowings and accounts payable[25] - Current liabilities were CNY 290,104,422.44, with short-term borrowings at CNY 2,000,000.00[29] - Non-current liabilities rose to CNY 46,707,520.38, primarily due to the implementation of new leasing standards[29] Cash Flow - The company reported a net cash flow from operating activities of -CNY 40,141,968.50, compared to -CNY 31,264,996.54 in the same period last year[5] - In Q1 2021, the company's cash inflow from operating activities was CNY 680,558,560.99, a significant increase from CNY 238,427,313.11 in Q1 2020, representing a growth of approximately 185.5%[22] - The net cash flow from operating activities was -CNY 40,141,968.50, compared to -CNY 31,264,996.54 in the same period last year, indicating a worsening performance[22] - Cash inflow from financing activities was CNY 256,620,000.00, with a net cash flow of CNY 214,469,793.17, a significant improvement from -CNY 563,643.89 in the previous year[22] Shareholder Information - The total number of shareholders reached 40,403 by the end of the reporting period[8] - The top shareholder, Shanghai Jinshan District State-owned Assets Supervision and Administration Commission, holds 25.20% of shares[8] - Jiangsu Meile Investment Co., Ltd. is the second-largest shareholder with 13.90% of shares, with 25,404,217 shares pledged[8] Research and Development - R&D expenses rose significantly by 215.81% to ¥4,000,284.42 from ¥1,266,657.83, reflecting increased investment in R&D projects[9] - Research and development expenses for Q1 2021 were ¥4,000,284.42, up from ¥1,266,657.83 in Q1 2020, marking an increase of 216.5%[18] Government Support - The company received government subsidies amounting to CNY 65,077.92 during the reporting period[6] Acquisitions - The company completed the acquisition of Tianjin Aisike, Tianjin Tianren, and Phoenix Bicycle, making them wholly-owned subsidiaries[10] Taxation - The company reported a 266.80% increase in income tax expenses to ¥7,005,345.05 from ¥1,909,866.45, driven by higher total profits[10]