Financial Performance - The company's operating revenue for Q1 2021 was ¥221,025,561.39, representing a 3.38% increase compared to ¥213,804,013.66 in the same period last year[8]. - The net profit attributable to shareholders decreased by 33.64% to ¥20,676,268.99 from ¥31,156,969.34 year-on-year[8]. - The net profit after deducting non-recurring gains and losses fell by 46.31% to ¥15,416,749.27 compared to ¥28,715,751.72 in the previous year[8]. - The basic earnings per share decreased by 40.26% to ¥0.460 from ¥0.770 in the same period last year[8]. - The diluted earnings per share also fell by 40.26% to ¥0.460 compared to ¥0.770 in the previous year[8]. - Net profit decreased by 32.62% year-on-year, with an 18.57% decline after excluding the impact of the new leasing standards[20]. - The company reported a net loss of ¥64,151,163.44 for the period, compared to a profit of ¥159,199,183.31 in the previous year[38]. - The total comprehensive income for the period was -3,873,655.58 CNY, compared to -1,887,185.34 CNY in the previous year, indicating a worsening performance[50]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 143.19% to ¥107,504,503.06 from ¥44,205,099.78 year-on-year[8]. - The company's cash and cash equivalents increased by 68.31% compared to the beginning of the period, mainly due to the arrival of raised funds[18]. - The cash inflow from operating activities totaled 263,693,159.46 CNY, compared to 173,985,590.75 CNY in the previous year, representing an increase of approximately 52%[53]. - The company paid 31,305,202.11 CNY in employee compensation, which increased from 23,884,399.98 CNY in the previous year, reflecting a rise of about 31%[53]. - The net cash flow from financing activities was CNY 638,524,164.29, a significant increase compared to a negative cash flow of CNY 392,659.52 in the previous period[60]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,084,315,516.05, a substantial increase of 182.28% from ¥1,446,902,824.93 at the end of the previous year[8]. - Total current assets reached ¥1,385,082,834.22, up from ¥748,286,125.40 at the end of 2020, indicating a significant increase of about 84.9%[35]. - Total liabilities increased to ¥2,726,868,640.62 from ¥494,177,587.92, marking a rise of about 450.5%[37]. - The total assets increased to CNY 3,433,634,339.02, reflecting an increase of CNY 1,986,731,514.09 compared to the previous period[61]. - The total liabilities rose to CNY 2,724,935,717.75, an increase of CNY 2,230,758,129.83 from the previous period[61]. Government Support and Subsidies - The company received government subsidies amounting to ¥5,463,662.86 during the reporting period[9]. Operational Efficiency and Management - The company’s management expenses rose by 56.25% year-on-year, mainly due to increased listing-related costs, travel expenses, and salaries[21]. - The company has implemented organizational capability building to enhance management foundations and improve talent quality and quantity[23]. - The company has not experienced any adverse effects from important risk factors or major difficulties in operations during the reporting period[25]. Market and Economic Environment - The overall macroeconomic environment is improving, with China's GDP growing by 18.3% year-on-year in Q1 2021, indicating a recovery from the impacts of the COVID-19 pandemic[22]. Investment and Financing Activities - The total amount of raised funds is 621.97 million RMB, with 7.45 million RMB invested in the current quarter and a cumulative investment of 46.29 million RMB[27]. - The company plans to utilize up to ¥580 million of idle raised funds for cash management starting from April 1, 2021[29]. - The company’s financing activities generated a net cash inflow of 558,840,412.24 CNY, contrasting with a net outflow of -2,742,427.69 CNY in the previous year, showing a turnaround in financing[54]. Changes in Accounting Standards - The company has adopted new leasing standards, which resulted in adjustments to the balance sheet, impacting both assets and liabilities significantly[58]. - The company’s long-term receivables increased by 100.00%, mainly due to the new leasing standards[18]. Customer and Supplier Relations - The company does not have significant reliance on a single supplier, and changes in the top five suppliers are normal and do not have a major impact on operations[23]. - There is no significant change in the top five customers, and the changes are considered normal sales variations without major operational impact[24].
德必集团(300947) - 2021 Q1 - 季度财报