Juewei Food (SH:603517)2021-04-26 16:00Financial Performance - Net profit attributable to shareholders was ¥235,892,881.70, representing a significant increase of 274.69% year-on-year[11]. - Operating revenue for the period was ¥1,505,976,719.65, up 41.22% from the same period last year[11]. - Basic earnings per share rose to ¥0.39, a 290.00% increase from ¥0.10 in the same period last year[11]. - The company reported a net profit of ¥319,065,120.17 for Q1 2021, compared to a net profit of ¥122,993,505.71 in Q1 2020[44]. - Net profit for Q1 2021 reached ¥232,176,533.25, compared to ¥62,280,376.74 in Q1 2020, marking an increase of about 273%[49]. - The company reported a total profit of ¥315,283,128.55 for Q1 2021, compared to ¥102,511,648.63 in the same period last year, indicating a growth of approximately 208%[49]. - Operating profit for Q1 2021 was ¥313,252,935.28, a substantial rise from ¥111,861,502.49 in Q1 2020, which is an increase of around 180%[49]. Cash Flow - The net cash flow from operating activities was ¥350,907,421.28, reflecting a 46.69% increase compared to the previous year[11]. - The company reported a net cash outflow from investing activities of CNY -224,760,446.10, a 50.72% improvement from CNY -456,130,449.86 in the previous period, mainly due to reduced cash payments for investments[25]. - In Q1 2021, the cash inflow from operating activities was approximately ¥1.70 billion, an increase of 36.3% compared to ¥1.25 billion in Q1 2020[57]. - The net cash flow from operating activities for Q1 2021 was approximately ¥350.91 million, up 46.7% from ¥239.22 million in Q1 2020[57]. - The cash outflow for purchasing goods and services in Q1 2021 was approximately ¥908.65 million, a rise of 39.3% from ¥652.48 million in Q1 2020[57]. - The cash outflow from investment activities in Q1 2021 was approximately ¥255.62 million, down 44.1% from ¥456.51 million in Q1 2020[60]. - The net cash flow from financing activities in Q1 2021 was approximately ¥99.23 million, compared to a net outflow of ¥1.98 million in Q1 2020[60]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥6,226,387,890.02, an increase of 5.13% compared to the previous year[11]. - The company’s total assets increased to CNY 6,226,387,890.02 from CNY 5,922,316,622.50, indicating overall growth in the asset base[34]. - The company’s total liabilities decreased, with accounts payable down by 32.68% to CNY 291,091,611.94 from CNY 432,389,579.43, reflecting a reduction in payable amounts[34]. - Total liabilities amounted to ¥931,972,538.45, reflecting the company's financial obligations[72]. - Current liabilities totaled ¥903,889,980.79, with accounts payable at ¥432,389,579.43 and contract liabilities at ¥149,563,427.03[72]. - The company's equity totaled ¥4,990,344,084.05, with retained earnings of ¥2,457,369,155.49[72]. Shareholder Information - The total number of shareholders at the end of the reporting period was 14,246[18]. - The top ten shareholders held a total of 34.79% of the shares, with Shanghai Jucheng Enterprise Development Partnership holding the largest share at 211,748,200 shares[18]. Research and Development - R&D expenses for Q1 2021 amounted to ¥3,456,011.46, an increase from ¥2,742,311.05 in Q1 2020[44]. - Research and development expenses for Q1 2021 were ¥692,820.74, up from ¥400,234.14 in Q1 2020, reflecting a growth of approximately 73%[51]. Other Financial Metrics - The weighted average return on equity increased by 3.27 percentage points to 4.64%[11]. - The company reported non-operating income of ¥2,301,186.19 for the period[14]. - The company incurred a credit impairment loss of ¥972,358.08 in Q1 2021, compared to ¥76,536.32 in Q1 2020, showing a significant increase in losses[49]. - The company reported a decrease in investment income, with losses of ¥6,888,907.99 in Q1 2021 compared to losses of ¥3,652,629.01 in Q1 2020[51]. - Other comprehensive income after tax for Q1 2021 was ¥282,118.71, down from ¥2,394,426.79 in Q1 2020, indicating a decline of about 88%[49]. - The total comprehensive income for Q1 2021 was ¥232,458,651.96, compared to ¥64,674,803.53 in Q1 2020, representing an increase of approximately 259%[50].