SONGZ(SZ:002454)2021-04-28 16:00Financial Performance - Revenue for Q1 2021 reached ¥940,837,294.28, an increase of 79.35% compared to ¥524,573,760.93 in the same period last year[8] - Net profit attributable to shareholders was ¥29,622,074.43, representing a significant increase of 898.20% from ¥2,967,547.96 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥21,965,320.44, up 467.16% from a loss of ¥5,982,454.72 in the previous year[8] - The company's net profit for the first quarter of 2021 is expected to show significant changes compared to the same period last year, although specific figures were not disclosed[20] - The net profit for the first quarter was CNY 38,018,493.73, compared to CNY 2,136,222.57 in the previous year, reflecting a substantial growth in profitability[38] - The comprehensive income totalled CNY 38,625,442.54, significantly higher than CNY 3,149,610.84 from the previous year, showcasing overall financial growth[39] - The company reported a total comprehensive income of CNY 16,964,311.19, compared to CNY 11,624,898.10 in the same quarter last year, marking a 45.6% increase[43] Cash Flow and Investments - Operating cash flow for the period was ¥130,464,146.67, a decrease of 38.62% compared to ¥212,551,369.81 in the same period last year[8] - The cash flow from operating activities generated a net amount of CNY 130,464,146.67, down from CNY 212,551,369.81 in the previous year[46] - The net cash flow from investing activities was negative at CNY -159,386,517.58, compared to CNY -53,546,797.55 in the same period last year[46] - The net cash flow from investment activities was -68,366,053.25 CNY, compared to -8,965,430.54 CNY in the previous year, indicating a significant increase in cash outflow[50] - The company received CNY 1,099,840,857.44 from investment recoveries, significantly higher than CNY 361,770,000.00 in the previous year[46] - The cash outflow for investment activities was 694,733,806.98 CNY, compared to 188,698,255.95 CNY in the previous year, reflecting a substantial rise in investment expenditures[50] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,719,083,804.38, an increase of 2.61% from ¥6,548,453,988.90 at the end of the previous year[8] - The company's total assets amounted to CNY 6,719,083,804.38, an increase from CNY 6,548,453,988.90 at the end of 2020[30] - The company's non-current assets totaled CNY 1,968,923,538.50, slightly down from CNY 1,984,686,025.74 at the end of 2020[28] - Total current liabilities increased to CNY 2,496,027,921.67 from CNY 2,379,490,519.82, marking a rise of about 4.9%[29] - The total liabilities increased to CNY 982,482,812.15 from CNY 954,599,723.54, indicating a rise in financial obligations[34] Equity and Shareholder Information - The total equity attributable to shareholders increased to CNY 3,666,689,710.52 from CNY 3,636,699,714.22, reflecting a growth of approximately 0.8%[30] - The equity attributable to shareholders rose to CNY 3,651,452,646.13, compared to CNY 3,634,488,334.94 in the previous year[34] - There were no overdue commitments from major shareholders or related parties during the reporting period[22] Operating Costs and Expenses - Operating costs increased by 91.08% year-on-year, attributed to improved market conditions and new consolidated entities[16] - Tax and additional charges rose by 114.31% compared to the previous year, driven by increased sales revenue[16] - The total operating costs amounted to CNY 906,700,814.67, up from CNY 527,498,649.73, indicating a significant rise in costs[37] - Research and development expenses for the quarter were CNY 40,896,564.80, slightly up from CNY 38,275,342.13, highlighting continued investment in innovation[37] Earnings and Profitability - The weighted average return on net assets was 0.81%, up from 0.09% in the previous year[8] - The gross profit margin improved, with operating profit reaching CNY 48,172,605.09, compared to CNY 5,967,697.11 in the prior year[38] - The company achieved a basic earnings per share of CNY 0.05, compared to CNY 0.00 in the same quarter last year, indicating improved earnings performance[39] - Earnings per share (EPS) increased to CNY 0.03 from CNY 0.02, representing a 50% growth[43] Other Financial Information - The company reported no significant financial investments or derivative investments during the reporting period[19][18] - The company did not undergo an audit for the first quarter report[51] - The company has not applied the new leasing standards for the first quarter of 2021[51]