Shanghai Jahwa(600315)2021-04-21 16:00Financial Performance - Net profit attributable to shareholders rose by 41.92% to CNY 169,223,907.69 year-on-year[12] - Operating revenue grew by 27.04% to CNY 2,114,840,292.22 compared to the same period last year[12] - Basic earnings per share increased by 38.89% to CNY 0.25 compared to the same period last year[12] - The total comprehensive income amounted to CNY 219,018,060.34, compared to CNY 21,818,154.52 in the previous period[61] - Net profit for Q1 2021 was ¥169,223,907.69, compared to ¥119,240,351.71 in Q1 2020, representing a 42% increase[53] - Earnings per share for Q1 2021 were ¥0.25, up from ¥0.18 in Q1 2020[53] Assets and Liabilities - Total assets increased by 6.41% to CNY 12,019,576,756.28 compared to the end of the previous year[12] - The company's total current assets reached RMB 6,733,777,889.79, up from RMB 6,154,909,020.01 in the previous year, indicating a growth of 9.38%[33] - The company's total liabilities due within one year increased significantly to RMB 163,618,948.41, a rise of 1,507.94% from RMB 10,175,685.77 in the previous year[27] - Total liabilities increased to 4.80 billion, reflecting a growth of approximately 10.7%[37] - The total liabilities were reported at 4,796,096,564.81 RMB, increasing to 4,922,450,496.19 RMB[77] Cash Flow - Net cash flow from operating activities increased by 45.65% to CNY 495,766,578.41 year-on-year[12] - Cash inflow from operating activities was CNY 2,431,062,843.33, an increase from CNY 1,981,912,476.84 year-over-year[65] - Cash outflow for investing activities totaled CNY 1,264,336,060.76, compared to CNY 1,229,194,553.82 in the previous year[66] - The ending cash and cash equivalents balance was CNY 1,510,547,197.29, down from CNY 1,796,663,822.96 year-over-year[66] Shareholder Information - The number of shareholders reached 21,819 by the end of the reporting period[19] - The largest shareholder, Shanghai Jahwa United Co., Ltd., holds 49.37% of the shares[19] Government Support - The company received government subsidies amounting to CNY 499,139.10 during the reporting period[15] Investment and Expenses - The investment income for the first quarter of 2021 was RMB 49,161,465.40, a substantial increase of 306.18% compared to RMB 12,103,418.13 in the same period last year[29] - The company's sales expenses for the first quarter of 2021 were RMB 917,159,172.25, an increase of 37.88% from the previous year[29] - Research and development expenses for Q1 2021 were ¥41,747,109.60, an increase from ¥33,186,965.93 in Q1 2020[51] Financial Standards and Changes - The company adopted a new leasing standard effective January 1, 2021, impacting the recognition of lease liabilities and right-of-use assets[82] - The company has implemented the new leasing standards starting January 1, 2021, affecting the financial statements without restating prior periods[81] - The right-of-use assets recognized amounted to ¥34,250,594.70 as of January 1, 2021, reflecting the present value of future minimum lease payments[94]