万通发展(600246) - 2021 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY -24,849,945.65, a decline of 1,314.94% year-on-year[10] - Operating revenue increased by 24.15% year-on-year, reaching CNY 271,373,659.30[10] - Basic earnings per share were CNY -0.0126, a decrease of 1,360.00% year-on-year[10] - The total comprehensive loss amounted to CNY 23.55 million, a decline of 402.24% compared to the previous year[29] - The net loss for Q1 2021 was CNY 24.47 million, a decrease of 530.04% compared to the previous year[27] - The company reported a gross profit margin decrease, with operating profit for Q1 2021 at a loss of RMB 14,218,440.93, down from a profit of RMB 22,652,901.43 in Q1 2020[61] - The company reported a total comprehensive income for Q1 2021 was a loss of RMB 23,554,426.71, compared to a profit of RMB 7,793,277.14 in Q1 2020, indicating a substantial decline in overall financial performance[63] Cash Flow - Net cash flow from operating activities was CNY -172,124,802.97, a decrease of 571.57% compared to the same period last year[10] - The net cash flow from operating activities for Q1 2021 was -172,124,802.97 RMB, compared to 36,499,989.70 RMB in Q1 2020, indicating a significant decline[72] - Total cash inflow from operating activities was 285,073,708.64 RMB, while cash outflow was 457,198,511.61 RMB, resulting in a net cash flow deficit[72] - The company received 71,151,291.81 RMB from investment recoveries, marking a positive cash inflow from investment activities[72] - The net cash flow from investing activities was 19,191,943.53 RMB, a recovery from a negative cash flow of -45,310,133.72 RMB in the previous year[72] - Cash outflow from financing activities totaled 265,182,467.05 RMB, compared to 126,516,309.48 RMB in Q1 2020, indicating increased financing costs[72] Assets and Liabilities - Total assets at the end of the reporting period were CNY 11,095,541,844.79, a decrease of 4.20% compared to the end of the previous year[10] - As of March 31, 2021, the company's total current assets amounted to approximately RMB 5.75 billion, a decrease from RMB 6.26 billion at the end of 2020[45] - The company's cash and cash equivalents were approximately RMB 2.13 billion as of March 31, 2021, down from RMB 2.54 billion at the end of 2020[45] - Total liabilities decreased from ¥3,977,660,485.37 to ¥3,746,681,305.17, a decline of approximately 5.8%[50] - Current liabilities decreased from ¥1,720,826,598.45 to ¥1,472,429,257.52, a reduction of about 14.4%[48] - The company holds inventory valued at 2,316,988,221.63 RMB, which is crucial for operational efficiency[76] Shareholder Information - The total number of shareholders at the end of the reporting period was 27,314[14] - The top shareholder, Jia Hua Dong Fang Holdings, held 35.66% of the shares[16] - The company has repurchased a total of 35,288,586 shares, accounting for 1.7180% of the total share capital, with a total expenditure of approximately RMB 232.14 million[33] - The company reported a total equity attributable to shareholders of ¥6,878,248,609.04 as of March 31, 2021[50] - Shareholders' equity reached approximately $6.63 billion, with paid-in capital at $2.05 billion and capital reserves at approximately $3.71 billion[90] Operational Highlights - The company received government subsidies amounting to CNY 798,512.17 during the reporting period[12] - The company has established a joint venture, Wanpu (Beijing) Enterprise Development Management Co., Ltd., with a registered capital of RMB 10 million, where the company holds a 50% stake[41] - The company has approved a plan to increase its business scope to include "technology development, technology services, internet information services, and comprehensive energy management" among other activities[40] - The company has resolved to terminate a previous agreement regarding the transfer of rights and obligations related to a real estate project, allowing for a restructuring of project resources[36] Financial Ratios and Metrics - The weighted average return on equity was -0.31%, down by 0.34 percentage points from the previous year[10] - The financial expenses for Q1 2021 were RMB 20,323,609.78, a decrease from RMB 35,550,223.95 in Q1 2020, showing a reduction of approximately 42.8%[61] - The tax expenses for Q1 2021 were RMB 10,836,232.87, down from RMB 16,895,085.97 in Q1 2020, which is a decrease of about 35.8%[61] - The company incurred an investment loss of RMB 2,488,307.76 in Q1 2021, compared to a loss of RMB 1,162,050.62 in Q1 2020, indicating a worsening investment performance[61]