Y.I.C.(SH:600119)2021-04-28 16:00Financial Performance - Operating revenue surged by 195.44% to CNY 242,144,003.02 year-on-year[5] - Net profit attributable to shareholders was CNY -234,431.90, showing improvement from CNY -13,036,743.40 in the same period last year[5] - The company reported a net profit excluding non-recurring items of CNY -2,770,473.29, an improvement from CNY -18,215,374.44 last year[5] - Basic and diluted earnings per share remained at CNY 0.00, compared to CNY -0.04 in the previous year[5] - The net profit for Q1 2021 was a loss of ¥664,030.83, an improvement from a loss of ¥15,337,390.64 in Q1 2020[22] - The total comprehensive income for Q1 2021 was a loss of CNY 664,030.83, compared to a loss of CNY 15,337,390.64 in Q1 2020, indicating a significant reduction in losses[23] - The company reported an operating profit loss of CNY 2,615,732.37 for Q1 2021, an improvement from a loss of CNY 7,083,199.99 in Q1 2020[26] Assets and Liabilities - Total assets increased by 14.89% to CNY 1,145,298,402.92 compared to the end of the previous year[5] - Accounts receivable increased by 24.29% to ¥415,935,303.85 compared to the end of the previous year, mainly due to an increase in receivables from logistics companies[9] - The company’s inventory increased by 16.14% to ¥40,512,518.79, primarily due to increased stock for meteorological products[9] - The company’s liabilities increased significantly, with accounts payable rising by 60.50% to ¥203,352,565.33, mainly due to increased payables in logistics[9] - Total liabilities amounted to CNY 478,323,766.34, with current liabilities at CNY 461,370,611.27 and non-current liabilities at CNY 16,953,155.07[36] - The total assets as of December 31, 2020, were 996,851,375.38 RMB, reflecting a decrease in total assets compared to the previous reporting period[35] Cash Flow - Cash flow from operating activities was CNY -9,771,681.92, slightly worse than CNY -9,744,992.51 in the previous year[5] - The net cash flow from operating activities was -471,385.13 RMB in Q1 2021, a stark contrast to the positive cash flow of 39,497,581.09 RMB in Q1 2020[31] - Cash inflows from operating activities totaled CNY 169,518,593.62, up from CNY 131,215,570.39 in the previous year, reflecting a 29.1% increase[28] - The net cash flow from financing activities was -11,639,659.15 RMB, compared to -54,728,003.21 RMB in Q1 2020, showing a reduction in cash outflow[30] Shareholder Information - The total number of shareholders reached 19,684 by the end of the reporting period[8] - The largest shareholder, Changjiang Economic United Development Group, holds 45.83% of the shares[8] Government Support - The company received government subsidies amounting to CNY 3,138,880.58, including CNY 1,903,000.00 for development support[7] - The company reported a significant increase in other income, which rose by 434.93% to ¥3,011,538.85, attributed to increased government subsidies related to business operations[9] Financial Management - The company’s financial expenses decreased by 66.67% to ¥1,996,085.08, mainly due to a decline in interest rates[9] - The company reported a financial expense of ¥1,996,085.08 in Q1 2021, a decrease from ¥5,988,783.61 in Q1 2020, showing a reduction of approximately 66.7%[22] - The company recorded investment income of CNY 1,357,054.33, compared to a loss of CNY 894,145.47 in the same period last year, showing a positive turnaround[26] Future Outlook - The company has not indicated any significant changes in its future profit forecasts or major commitments that remain unfulfilled[12]