Polaris Bay (SH:600155)2021-04-23 16:00Financial Performance - Total operating revenue for the period was ¥655,498,091.85, down 12.78% from ¥751,555,971.16 in the same period last year[4]. - Net profit attributable to shareholders of the listed company increased by 4.84% to ¥136,627,173.51[4]. - Net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 21.90% to ¥118,630,158.47[4]. - Basic earnings per share rose by 14.29% to ¥0.08[4]. - Diluted earnings per share also increased by 14.29% to ¥0.08[4]. - The company reported a net loss of ¥132,476,918.67, an improvement from a loss of ¥269,066,851.73 in the previous year[18]. - Net profit for Q1 2021 was RMB 137,235,044.21, representing an increase of 5.4% from RMB 130,052,713.34 in Q1 2020[25]. - The company reported an investment income of RMB 355,893,278.42 in Q1 2021, up from RMB 316,412,456.32 in Q1 2020, indicating a growth of 12.4%[25]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥48,970,015,520.61, an increase of 0.89% compared to the end of the previous year[4]. - Total liabilities amounted to ¥33,984,623,139.50, an increase from ¥33,291,268,154.60 year-over-year[18]. - Total equity attributable to shareholders was ¥14,916,176,182.06, down from ¥15,176,281,225.40 compared to the previous year[18]. - Current assets totaled ¥327,570,243.87, an increase from ¥260,038,466.72 year-over-year[20]. - Non-current assets reached ¥17,538,314,421.03, up from ¥16,845,642,007.43 compared to the previous year[21]. - The company’s total liabilities included a significant increase in lease liabilities, which reached ¥165,607,596.99 due to new leasing standards[8]. - The company’s long-term debt, including bonds payable, was ¥2,908,100,077.45, an increase from ¥1,910,704,623.44 year-over-year[21]. Cash Flow - Operating cash flow net amount for the period was ¥566,784,897.92, a significant decrease of 76.33% year-on-year[4]. - The net cash flow from operating activities was ¥566,784,897.92, down 76.33% from ¥2,394,057,837.06 in the previous year[11]. - The company’s investment activities generated a net cash flow of -¥585,334,184.61, a decrease of 1,111.22% compared to the previous year[11]. - Cash inflow from financing activities amounted to CNY 1,203,250,000.00, up from CNY 225,828,953.75 year-over-year[31]. - Net cash flow from financing activities was CNY 377,252,821.31, a recovery from a negative CNY -537,879,023.25 in the previous year[31]. Shareholder Information - The total number of shareholders at the end of the reporting period was 54,705[5]. - As of March 31, 2021, the company repurchased a total of 34,659,270 shares, accounting for 1.99% of the total share capital, with a total expenditure of RMB 394.26 million[12]. - The company has initiated a fourth round of share repurchase aimed at employee stock ownership plans, with a budget between RMB 250 million and RMB 500 million[12]. Other Financial Metrics - The weighted average return on net assets increased by 0.03 percentage points to 0.90%[4]. - The company reported a significant increase in other income, which rose by 910.84% to ¥1,492,939.84, mainly due to an increase in individual income tax refunds[9]. - Financial expenses increased by 43.78% to ¥35,065,406.16, attributed to interest expenses from newly issued corporate bonds[9]. - The company experienced a net credit impairment loss of RMB 38,357,969.36 in Q1 2021, a significant improvement from a loss of RMB 140,225,811.14 in Q1 2020[25]. - Other comprehensive income after tax for Q1 2021 was RMB -4,194,787.67, compared to RMB 8,159,671.08 in Q1 2020[25].