SDHH(SZ:000822)2021-04-28 16:00Financial Performance - The company's operating revenue for Q1 2021 was CNY 1,145,525,587.73, representing a 32.69% increase compared to CNY 863,291,826.18 in the same period last year [8] - Net profit attributable to shareholders was CNY 65,160,824.09, a significant increase of 416.28% from a loss of CNY 20,602,334.41 in the previous year [8] - Basic and diluted earnings per share were both CNY 0.07, a 450.00% increase from a loss of CNY 0.02 per share in the previous year [8] - The company's net profit attributable to shareholders increased to ¥292,323,845.76, compared to ¥229,218,866.68 in the previous year, reflecting a growth of 27.6% [42] - The company reported a significant increase in tax expenses, reaching ¥23,710,278.46, a 433.25% rise from a tax benefit of ¥-7,114,790.64 in the prior period [18] - The company reported a tax expense of ¥26,747,899.95, which is significantly higher than ¥13,492,623.11 from the previous year, indicating increased profitability [43] Cash Flow - The net cash flow from operating activities reached CNY 115,889,319.56, marking a 265.46% improvement from a negative cash flow of CNY 70,042,080.62 in the same period last year [8] - Cash inflows from operating activities totaled CNY 584,706,156.35, up from CNY 409,548,632.93 in the prior period, reflecting a growth of approximately 42.7% [53] - Cash outflows from operating activities decreased to CNY 468,816,836.79 from CNY 479,590,713.55, indicating a reduction of about 2.5% [53] - The company reported a significant increase in cash received from sales, amounting to CNY 551,272,506.32, compared to CNY 388,441,228.51 in the previous period [53] - The company’s cash inflow from tax refunds was CNY 7,210,882.92, an increase from CNY 5,293,924.12 in the prior period [53] - The cash outflow for employee payments rose to CNY 181,262,891.97 from CNY 115,504,241.53, reflecting a growth of approximately 56.8% [53] - The cash outflow for taxes paid increased to CNY 49,661,701.80 from CNY 21,130,681.03, indicating a rise of about 134% [53] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,368,464,999.06, a 1.45% increase from CNY 4,306,175,297.29 at the end of the previous year [8] - Total liabilities decreased slightly to ¥1,153,342,323.34 from ¥1,127,151,968.59, a decline of 2.3% [42] - Total liabilities rose from CNY 1,293,045,663.82 to CNY 1,304,231,625.57, an increase of CNY 11,185,961.75 [59] - Non-current liabilities totaled 103,393,635.43, down by 10,431,471.75 from the previous period [63] - The company maintained a strong receivables position with accounts receivable totaling CNY 12,590,000.60, unchanged from the previous period [59] Investments and Expenses - The construction in progress increased by 35.89% to ¥46,928,794.53 from ¥34,535,336.36, indicating ongoing investment in projects [18] - Financial expenses decreased by 42.06%, resulting in a net financial income of ¥-1,955,131.65 compared to ¥-3,374,617.30 previously [18] - Research and development expenses were not specified but are critical for future growth and innovation strategies [43] Changes in Financial Position - Accounts receivable increased significantly to ¥269,137,189.55 from ¥12,590,000.60, a change of 2037.71%, primarily due to increased sales on credit [18] - Other current assets decreased by 80.05% to ¥1,858,200.01 from ¥9,313,148.18, mainly due to a reduction in input VAT [18] - The company reported deferred revenue of 29,305,920.93 [63] Compliance and Standards - The company implemented new leasing standards, adjusting "right-of-use assets" by CNY 11,185,961.75 and "lease liabilities" by CNY 10,431,471.75 [61] - The company chose a simplified approach for the transition to the new leasing standards [63] - The first quarter report was not audited [64]