KCGJ(SH:600097)2021-04-27 16:00Financial Performance - Operating revenue for the period was CNY 380,909,652.22, representing a 2.92% increase year-on-year[7] - Net profit attributable to shareholders was CNY 8,360,101.51, a significant recovery from a loss of CNY 18,775,591.48 in the same period last year[7] - The company reported a significant decrease of 76.10% in accounts receivable, totaling CNY 1,729,550.89, due to the recovery of receivables from ALBO[13] - The company reported a significant decrease in financial expenses by 52.29%, amounting to ¥2,990,806.36, attributed to increased foreign exchange gains[20] - Other income surged by 300.06% year-on-year to ¥1,920,498.25, mainly due to increased pandemic subsidies from FCS[20] - Total operating revenue for Q1 2021 was CNY 380,909,652.22, a 2.2% increase from CNY 370,099,351.31 in Q1 2020[28] - Total operating costs decreased to CNY 368,102,121.44, down 4.1% from CNY 383,941,296.17 in the same period last year[28] - Operating profit for Q1 2021 was CNY 15,063,757.12, compared to an operating loss of CNY 17,757,834.49 in Q1 2020[28] - Net profit for Q1 2021 reached CNY 12,020,955.86, a significant recovery from a net loss of CNY 20,208,954.89 in Q1 2020[29] - The net profit attributable to shareholders of the parent company was CNY 8,360,101.51, compared to a loss of CNY 18,775,591.48 in the previous year[29] - Comprehensive income for Q1 2021 totaled CNY 143,651.39, recovering from a loss of CNY 15,709,949.84 in Q1 2020[29] - Basic and diluted earnings per share for Q1 2021 were CNY 0.03, compared to a loss of CNY 0.08 per share in Q1 2020[29] - The company reported a decrease in financial expenses to CNY 2,990,806.36 from CNY 6,268,592.44 in the previous year[28] - The company experienced an asset impairment loss of CNY 21,172.09, a significant improvement from a loss of CNY -4,395,944.25 in Q1 2020[28] Cash Flow - Net cash flow from operating activities surged by 343.21% to CNY 60,172,005.20 compared to the previous year[7] - The total cash inflow from operating activities in Q1 2021 was CNY 461,660,947.57, slightly down from CNY 466,756,890.91 in Q1 2020, indicating a decrease of about 1%[32] - The cash outflow for operating activities in Q1 2021 was CNY 401,488,942.37, compared to CNY 453,180,633.65 in Q1 2020, showing a reduction of approximately 11%[32] - The net cash flow from investment activities in Q1 2021 was CNY 44,819,342.82, a recovery from a negative cash flow of CNY 83,944,366.06 in Q1 2020[33] - The cash inflow from investment activities in Q1 2021 was CNY 97,913,164.00, a substantial increase from CNY 1,368,547.00 in Q1 2020, reflecting a growth of over 7,000%[33] - The cash outflow for investment activities in Q1 2021 was CNY 53,093,821.18, down from CNY 85,312,913.06 in Q1 2020, indicating a decrease of approximately 38%[33] - The net cash flow from financing activities in Q1 2021 was negative CNY 160,756,655.18, worsening from negative CNY 8,890,197.91 in Q1 2020[33] - The company's cash and cash equivalents at the end of Q1 2021 totaled CNY 698,473,153.65, compared to CNY 601,397,016.38 at the end of Q1 2020, representing an increase of about 16%[33] - The company reported a decrease in cash flow from operating activities for the parent company, with a net cash flow of negative CNY 93,945.94 in Q1 2021, compared to negative CNY 203,042.06 in Q1 2020[35] - The parent company's cash and cash equivalents at the end of Q1 2021 were CNY 4,761,686.12, up from CNY 4,505,518.47 at the end of Q1 2020, reflecting an increase of approximately 6%[35] Assets and Liabilities - Total assets increased by 6.94% to CNY 3,010,765,742.96 compared to the end of the previous year[7] - The company recognized a new asset for the right-of-use of leased vessels amounting to CNY 247,803,795.33 under new leasing standards[13] - Total liabilities rose to ¥1,098,001,262.76 from ¥900,747,927.32, representing an increase of approximately 22%[23] - Current liabilities decreased to ¥582,232,776.97 from ¥640,449,476.35, showing a reduction of about 9.1%[22] - The company’s total current assets as of March 31, 2021, were ¥1,401,533,776.49, a slight decrease from ¥1,433,154,763.41 at the end of 2020[20] - The company’s inventory increased to ¥486,964,558.01, up from ¥446,866,497.77 at the end of 2020, indicating a 8.96% rise[20] - Non-current assets totaled ¥1,609,231,966.47, up from ¥1,382,255,662.06, indicating an increase of about 16.4%[22] - The company’s total liabilities and equity amounted to ¥3,010,765,742.96, consistent with total assets[23] - Total assets increased from CNY 2,815,410,425.47 to CNY 3,066,332,964.73, reflecting an adjustment of CNY 250,922,539.26[38] - Current assets totaled CNY 1,433,154,763.41, with cash and cash equivalents at CNY 757,520,487.07 and accounts receivable at CNY 128,148,480.70[37] - Non-current assets rose to CNY 1,633,178,201.32, primarily due to the addition of right-of-use assets valued at CNY 250,922,539.26[39] - Total liabilities increased from CNY 900,747,927.32 to CNY 1,151,670,466.58, with current liabilities remaining at CNY 640,449,476.35[39] - Shareholders' equity remained stable at CNY 1,914,662,498.15, with retained earnings at CNY 746,161,651.79[39] - The company has CNY 1,731,828,824.18 in long-term equity investments, reflecting a strong investment position[42] - The company’s total liabilities to equity ratio stands at approximately 0.60, suggesting a balanced capital structure[39] - The company has a deferred tax asset of CNY 1,564,718.43, which may provide future tax benefits[38] Shareholder Information - The number of shareholders reached 15,116, with the top ten shareholders holding a combined 42.26% of shares[10] - The total equity attributable to shareholders was ¥1,875,926,120.97, a slight decrease from ¥1,879,796,333.34[23] - The company reported a decrease in other comprehensive income from ¥20,450,297.97 to ¥8,219,984.09[23] - The company did not apply new leasing standards retroactively[43] - There were no adjustments to prior comparative data[43] - The audit report was not applicable for this period[43] - The company reported no preferred shares or perpetual bonds in the equity section[43] - Long-term borrowings and other non-current liabilities were not detailed in the report[43]