YLT(SH:600197)2021-05-25 16:00Financial Performance - Net profit attributable to shareholders surged by 1,475.80% to CNY 131,448,095.89 from CNY 8,341,654.42 in the same period last year[17] - Operating revenue rose by 255.33% to CNY 544,265,775.73, compared to CNY 153,172,005.86 in the previous year[17] - Basic earnings per share increased by 1,363.09% to CNY 0.28106 from CNY 0.01921[17] - The diluted earnings per share reached CNY 0.29127, marking an increase of 1,416.24% from the previous year's CNY 0.01921[17] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which rose by 938.70% to CNY 131,502,875.31[17] - Net profit for Q1 2021 was ¥133,222,521.91, compared to ¥8,195,303.16 in Q1 2020, reflecting a growth of 1,525.5%[59] - Total operating revenue for Q1 2021 reached ¥544,265,775.73, a significant increase of 255.5% compared to ¥153,172,005.86 in Q1 2020[56] Asset and Liability Changes - Total assets increased by 1.70% to CNY 4,564,460,072.28 compared to the end of the previous year[17] - The accounts receivable balance 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 granted to distributors during the reporting period[26] - Current liabilities decreased to approximately ¥559.93 billion from ¥619.73 billion, a reduction of about 9.63%[44] - Total liabilities amounted to approximately ¥816.23 billion, down from ¥887.50 billion, representing a decrease of about 8.03%[46] - Owner's equity increased to approximately ¥3,748.23 billion from ¥3,600.64 billion, showing a growth of about 4.11% year-over-year[46] Cash Flow and Investments - The net cash flow from operating activities improved by 89.99% to -CNY 23,873,759.57, compared to -CNY 238,491,926.29 in the previous year[17] - Cash flow from operating activities showed a net outflow of CNY -23,873,759.57 in Q1 2021, an improvement from CNY -238,491,926.29 in Q1 2020[70] - The company incurred credit impairment losses of CNY -4,958,354.95 in Q1 2021, compared to CNY 1,683,785.68 in Q1 2020[67] - The company’s investment activities resulted in a net cash outflow of CNY -62,980,451.76 in Q1 2021, compared to CNY -35,410,107.28 in Q1 2020[72] Shareholder Information - The total number of shareholders at the end of the reporting period was 69,025[23] - The largest shareholder, Xinjiang Yili Group Co., Ltd., holds 42.04% of the shares[23] Compliance and Governance - The company has committed to avoiding related party transactions post-acquisition, ensuring compliance with legal and regulatory standards[33] - The company has pledged to not engage in business activities that compete with its own operations, maintaining operational independence[34] - The company reported a commitment to adhere to fair trading principles in any unavoidable related party transactions[34] - The company has established a framework to ensure that any potential conflicts of interest are managed effectively, protecting shareholder interests[33] - The company has committed to compensating any losses incurred by shareholders due to breaches of its commitments[33] Inventory and Other Assets - Inventory levels were reported at approximately CNY 847.51 million, down from CNY 872.08 million, showing a decrease of about 2.8%[41] - Other receivables increased to approximately ¥433.93 billion from ¥372.95 billion, indicating a growth of about 16.30%[50] - The company’s fixed assets were valued at approximately CNY 931.26 million, slightly decreasing from CNY 937.65 million[41]