GYLS(600059)2021-04-29 16:00Financial Performance - Total revenue for Q1 2021 reached ¥501,049,309.13, an increase of 37.01% compared to ¥365,692,155.10 in the same period last year[12] - Net profit attributable to shareholders was ¥61,416,945.59, up 32.40% from ¥46,387,036.29 year-on-year[12] - Basic earnings per share rose by 33.33% to ¥0.08 from ¥0.06 in the same period last year[12] - The company reported a net profit of ¥1,008,355,799.88, an increase from ¥960,439,278.49, reflecting a growth of about 5%[39] - Net profit for Q1 2021 was ¥60,818,830.18, representing a 32.6% increase from ¥45,875,389.11 in Q1 2020[44] - The company reported a total profit of ¥80,006,712.87 for Q1 2021, up 31.5% from ¥60,975,212.77 in Q1 2020[44] Cash Flow - Operating cash flow improved significantly, with a net cash flow from operating activities of -¥95,729,774.95, a 49.90% improvement from -¥191,086,152.46 in the previous year[12] - The net cash flow from operating activities improved by 49.90%, reaching -¥95,729,774.95 compared to -¥191,086,152.46 in the previous year, mainly due to increased sales revenue[21] - Cash inflow from operating activities was CNY 484,611,771.51, up from CNY 305,002,413.59 in the same period last year, indicating a growth of about 59%[51] - Cash and cash equivalents at the end of the period were CNY 502,360,815.33, down from CNY 530,088,705.12 at the end of the first quarter of 2020[53] - The company’s cash flow from financing activities was -CNY 259,969.51, a decline from a positive cash flow of CNY 26,060,665.83 in the first quarter of 2020[53] Assets and Liabilities - The company's total assets decreased by 2.18% to ¥4,991,472,273.29 from ¥5,102,759,675.14 at the end of the previous year[12] - The total amount of funds raised from the non-public offering of A-shares was ¥950 million, which will be fully utilized for the construction of the Huangjiu Industrial Park project (Phase I)[22] - The total liabilities decreased to ¥627,829,766.60 from ¥802,188,113.67, showing a reduction in financial obligations[31] - Total liabilities amounted to ¥631,396,329.12, a decrease of approximately 21.4% from ¥804,145,415.63[33] - Total assets amounted to approximately $4.50 billion, with current assets at $2.48 billion and non-current assets at $2.02 billion[67] - Total liabilities reached approximately $577.66 million, with current liabilities at $570.20 million and non-current liabilities at $756.06 thousand[70] Operational Efficiency - Operating costs increased by 51.67% to ¥319,748,314.33 from ¥210,820,897.11, attributed to the rise in sales volume[21] - Research and development expenses rose by 42.21% to ¥3,416,694.44 from ¥2,402,515.36, reflecting increased investment in R&D[21] - The company reported a significant increase in accounts receivable, which rose by 65.31% to ¥165,473,313.24 from ¥100,097,037.83 year-on-year[19] - The company's inventory decreased slightly to ¥1,983,048,897.55 from ¥2,031,046,774.56, indicating better inventory management[28] - The company experienced a credit impairment loss of ¥4,474,018.47 in Q1 2021, compared to a loss of ¥2,916,834.66 in Q1 2020, indicating a deterioration in credit quality[43] Shareholder Information - The total number of shareholders at the end of the reporting period was 93,901, with the largest shareholder holding 41.39% of the shares[12] - Total equity attributable to shareholders reached ¥4,318,640,284.64, an increase of about 1.5% from ¥4,256,438,534.93[33] - Shareholders' equity totaled approximately $3.92 billion, with retained earnings of approximately $960.44 million[70]