SHANGGONG GROUP(SH:900924)2021-04-29 16:00Financial Performance - Operating revenue for the period was CNY 736,884,066.61, representing a year-on-year growth of 16.95%[6] - Net profit attributable to shareholders was CNY 49,674,277.30, a significant increase of 1,871.37% compared to the same period last year[6] - Basic earnings per share reached CNY 0.0915, up 1,889.13% year-on-year[6] - The company's operating profit increased significantly to CNY 71,404,971.45, a rise of 896.64% compared to the previous year[15] - Investment income rose by 49.09% to CNY 3,919,405.75, driven by increased returns from joint ventures[15] - The company reported a total profit of ¥71,356,259.78 for Q1 2021, compared to ¥5,123,185.88 in Q1 2020, showing a significant increase[29] - Net profit for Q1 2021 reached ¥54,635,407.26, significantly higher than ¥1,066,486.41 in Q1 2020, marking a year-over-year increase of 5130.5%[29] - Total operating revenue for Q1 2021 was ¥736,884,066.61, an increase of 16.9% compared to ¥630,060,899.76 in Q1 2020[28] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 4,746,517,313.71, an increase of 1.49% compared to the end of the previous year[6] - The company's total current assets decreased to CNY 2,650,630,609.34 from CNY 2,870,133,883.36, indicating a reduction in liquidity[20] - Non-current assets totaled ¥2,095,886,704.37, up from ¥1,806,589,819.16, indicating a significant increase of about 15.99%[22] - Total liabilities reached ¥2,081,805,235.25, up from ¥2,022,679,924.06, indicating a growth of about 2.92%[22] - Current liabilities rose to ¥1,564,561,670.40 from ¥1,498,408,606.90, representing an increase of approximately 4.41%[22] - Total liabilities as of March 31, 2021, amounted to ¥1,028,833,247.71, an increase from ¥898,433,435.98 at the end of 2020[25] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 66,204,905.49, a decline of 297.65% compared to the previous year[6] - The net cash flow from operating activities decreased by 297.65% to -CNY 66,204,905.49, primarily due to increased production inputs and reduced tax refunds[17] - Cash inflow from operating activities in Q1 2021 was CNY 162,383,505.39, a 47.5% increase from CNY 110,030,405.36 in Q1 2020[36] - Net cash flow from operating activities turned positive at CNY 6,354,453.35 in Q1 2021, compared to a negative CNY 33,609,448.78 in Q1 2020[36] - Cash inflow from financing activities increased to CNY 135,376,781.60 in Q1 2021, up 101.1% from CNY 67,256,781.60 in Q1 2020[37] - Cash flow from financing activities improved to CNY 111,999,507.73, a turnaround from a negative cash flow of -CNY 15,525,329.73 in the previous year[17] Shareholder Information - The number of shareholders at the end of the reporting period was 46,724, with the top ten shareholders holding a combined 46.12% of the shares[9] Expenses and Income - The company's financial expenses decreased by 78.97% to CNY 1,128,161.82, indicating improved cost management[15] - The tax expenses surged by 312.18% to CNY 16,720,852.52, largely due to increased taxable income[15] - The company reported a significant increase in other income, which rose by 203.01% to CNY 3,539,360.13, attributed to various subsidies[15] - Research and development expenses for Q1 2021 were ¥26,344,607.10, compared to ¥21,155,203.36 in Q1 2020, indicating a 24.5% increase[28] Investment Activities - The company reported a significant increase in long-term equity investments, which rose by 106.53% to CNY 587,456,189.70[13] - The long-term equity investment increased significantly to CNY 587,456,189.70 from CNY 284,441,713.05, reflecting strategic investments in subsidiaries[20] - The company’s investment activities resulted in a net cash outflow of ¥401,002,093.71 in Q1 2021, compared to a net outflow of ¥101,130,787.12 in Q1 2020[34]