VVFB(600300)2021-04-23 16:00Financial Performance - Net profit attributable to shareholders decreased by 30.41% to CNY 64,171,925.64 year-on-year[6] - Operating income increased by 0.83% to CNY 1,073,703,308.85 compared to the same period last year[6] - The company reported a net profit excluding non-recurring gains and losses of CNY 60,957,540.27[6] - The weighted average return on equity decreased by 1.54 percentage points to 2.14%[6] - Investment income showed a loss of 2,121,547.88 compared to a gain of 873,812.87, marking a decline of 342.79% due to losses from the sale of trading financial assets[12] - The income tax expense decreased by 38.96% to 21,943,276.97 from 35,946,445.94, influenced by taxable profits from previous government demolition gains[12] - The fair value change income decreased by 48.37% to 843,090.00 from 1,633,060.00 due to changes in the fair value of trading financial assets[12] Cash Flow - Net cash flow from operating activities worsened by 305.96% to -CNY 285,834,899.30 compared to the previous year[6] - The net cash flow from operating activities was -285,834,899.30, a decrease of 305.96% from -70,409,311.57, attributed to grain auction activities[12] - The net cash flow from investing activities improved by 98.15% to -7,600,490.44 from -411,213,559.49, indicating a significant recovery[12] - The net cash flow from financing activities decreased by 231.05% to -519,620,947.23 from -156,961,667.55 due to reduced borrowings[12] Assets and Liabilities - Total assets decreased by 9.44% to CNY 6,084,880,421.90 compared to the end of the previous year[6] - Inventory increased by 40.73% to CNY 953,192,157.66 due to grain purchases[11] - Cash and cash equivalents decreased by 38.87% to CNY 1,361,752,510.32 due to procurement and debt repayment[11] - Contract liabilities decreased by 46.15% to 115,533,589.17 from 214,546,047.70 as a result of sales realization[12] - The company reported a significant decrease in other current liabilities by 53.98% to 14,487,266.03 from 31,480,574.57 due to sales realization[12] Shareholder Information - The number of shareholders reached 103,251 at the end of the reporting period[8] - The largest shareholder, Xuzhou Xinsong Investment Holding Group Co., Ltd., holds 17% of the shares[8] Construction and Financial Expenses - The construction in progress increased by 68.83% to 16,759,513.76 from 9,926,703.59 due to the new family milk production line[12] - Financial expenses decreased significantly by 71.93% to 13,122,699.40 from 46,756,491.60 due to reduced borrowings[12]