CITIC Wine(SH:600084)2021-04-28 16:00Financial Performance - Operating revenue for the period was ¥51,178,532.34, representing a significant increase of 434.32% year-on-year[11]. - Net profit attributable to shareholders was ¥13,591,911.57, a turnaround from a loss of ¥19,262,509.95 in the same period last year[11]. - Basic earnings per share for the period was ¥0.0121, recovering from a loss of ¥0.0171 per share in the same period last year[11]. - The company reported a significant increase in other income, amounting to RMB 5,617,901.27, up 2856.79% year-over-year due to government subsidies[23]. - Operating profit for Q1 2021 was ¥13,599,422.44, a turnaround from a loss of ¥19,527,312.22 in Q1 2020[45]. - Net profit for Q1 2021 reached ¥13,599,422.44, compared to a net loss of ¥19,417,107.71 in Q1 2020, marking a significant recovery[45]. - The company reported a net loss of CNY 479,253.28 thousand for the period, compared to a net loss of CNY 5,345,860.69 thousand in the previous period, indicating a significant reduction in losses[50]. - The company’s total comprehensive loss for the period was CNY 479,253.28 thousand, reflecting ongoing challenges in profitability[50]. Cash Flow - Net cash flow from operating activities was ¥10,189,382.83, compared to a negative cash flow of ¥25,405,906.95 in the previous year[11]. - Operating cash inflow for the first quarter of 2021 was CNY 69,486,597.06, a substantial increase from CNY 12,941,247.39 in the first quarter of 2020[54]. - Total cash inflow from operating activities included CNY 58,493,655.47 from sales of goods and services, a significant increase from CNY 11,904,385.32 in the prior year[54]. - The net cash flow from operating activities was -21,841,344.20 RMB, compared to -5,049,833.22 RMB in the previous period, indicating a significant decline[60]. - Total cash and cash equivalents at the end of the period decreased to 24,614,493.41 RMB from 47,509,403.73 RMB, reflecting a net decrease of 21,919,340.20 RMB[60]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,289,541,716.75, an increase of 0.36% compared to the end of the previous year[11]. - The company's total assets at the end of Q1 2021 were RMB 1,721,564,508.89, slightly down from RMB 1,729,463,603.94 at the beginning of the year[27]. - Total liabilities decreased by RMB 24,432,010, a reduction of 31.7% compared to the beginning of the year[20]. - Current liabilities decreased to $125,401,580.31 from $140,036,203.93, a reduction of approximately 10.5%[33]. - Total liabilities amounted to $144,635,145.54, slightly down from $147,026,556.35, showing a decrease of about 2.7%[33]. - The total non-current liabilities increased to $19,233,565.23 from $6,990,352.42, a significant rise of approximately 174.5%[33]. - The company's equity attributable to shareholders rose to $2,157,623,959.65 from $2,146,859,307.84, an increase of approximately 0.8%[33]. - The company's total equity as of the reporting date was ¥3,001,014,792.05, slightly down from ¥3,001,494,045.33 in the previous period[42]. Shareholder Information - The total number of shareholders at the end of the reporting period was 39,822[17]. - The largest shareholder, CITIC Guoan Group Co., Ltd., held 34.48% of the shares, with 387,473,586 shares frozen[17]. Operational Efficiency and Future Outlook - The company has not disclosed specific future outlook or guidance in this report[11]. - The company is focusing on enhancing operational efficiency and exploring new market opportunities to improve future performance[50]. - The company has not disclosed any new product developments or technological advancements in the current report[74]. - There are no indications of market expansion or mergers and acquisitions in the latest financial disclosures[74]. - The financial report does not mention any new strategies being implemented at this time[74].