YLT(SH:600197)2021-04-27 16:00Financial Performance - Net profit attributable to shareholders increased by 1,475.80% to CNY 131,448,095.89 from CNY 8,341,654.42 in the same period last year[11] - Operating revenue surged by 255.33% to CNY 544,265,775.73 compared to CNY 153,172,005.86 in the previous year[11] - Basic earnings per share rose to CNY 0.28106, an increase of 1,363.09% compared to CNY 0.01921 in the same period last year[11] - Net profit for Q1 2021 was CNY 73,142,230.37, compared to CNY 9,900,750.47 in Q1 2020, representing a significant increase[58] - Operating profit for Q1 2021 reached CNY 78,573,409.41, up from CNY 18,894,998.09 in the same period last year[58] - The total comprehensive income for Q1 2021 was ¥133,222,521.91, significantly higher than ¥8,195,303.16 in Q1 2020[54] Assets and Liabilities - Total assets increased by 1.70% to CNY 4,564,460,072.28 compared to the end of the previous year[11] - Current liabilities decreased to approximately ¥559.93 billion from ¥619.73 billion, representing a decline of about 9.63%[37] - Total liabilities decreased from approximately ¥887.50 billion to ¥816.23 billion, a decline of about 8.02%[39] - Total assets reached approximately ¥4,564.46 billion, up from ¥4,488.13 billion, indicating a year-over-year increase of around 1.70%[37] - The company’s total assets amounted to ¥4,211,483,931.16, up from ¥4,087,710,684.26, indicating a growth of approximately 3%[45] Cash Flow - Net cash flow from operating activities improved by 89.99% to -CNY 23,873,759.57 from -CNY 238,491,926.29 year-on-year[11] - Cash inflow from sales of goods and services was CNY 447,721,301.50 in Q1 2021, compared to CNY 184,708,210.17 in Q1 2020, showing a substantial increase[59] - Cash flow from operating activities showed a net outflow of CNY -23,873,759.57 in Q1 2021, compared to CNY -238,491,926.29 in Q1 2020, indicating an improvement[59] - Cash outflow from operating activities totaled CNY 481,275,615.31 in Q1 2021, compared to CNY 436,016,835.34 in Q1 2020[61] - The net increase in cash and cash equivalents was $96,298,693.33, contrasting with a decrease of -$135,967,839.99 in the prior period[65] Shareholder Information - The total number of shareholders reached 65,771 by the end of the reporting period[17] - The largest shareholder, Xinjiang Yili Group Co., Ltd., holds 42.04% of the shares[17] Inventory and Receivables - Accounts receivable at the end of the reporting period increased by 3441.57% compared to the beginning of the period, mainly due to the new credit sales limits for newly added distributors[20] - Inventory stood at approximately CNY 847.51 million, down from CNY 872.08 million, showing a decrease of about 2.8%[34] - Accounts receivable increased significantly to approximately CNY 162.88 million from CNY 4.60 million, indicating a substantial rise of over 3,400%[34] Company Commitments and Practices - The company committed to avoiding related party transactions post-acquisition, ensuring compliance with legal and regulatory standards[27] - The company pledged to not engage in business activities that compete with its own operations, maintaining operational independence[28] - The company reported a commitment to fair and reasonable commercial practices in any unavoidable related party transactions[28] - The company’s management has committed to ensuring that executive compensation is linked to the execution of return compensation measures[31] Other Financial Data - The company reported non-recurring gains of CNY 1,057,270.70 during the period[16] - The company’s fixed assets were valued at approximately CNY 931.26 million, slightly down from CNY 937.65 million, reflecting a decrease of about 0.5%[34] - The company’s long-term equity investments remained stable at approximately CNY 205.88 million, unchanged from the previous period[34] - Research and development expenses for Q1 2021 were ¥4,380,125.67, compared to ¥3,843,372.25 in Q1 2020, indicating an increase of about 14%[49]