JIANGSU SAINTY(SH:600287)2021-04-28 16:00Financial Performance - Operating revenue increased by 31.46% to CNY 1,053,947,642.50 compared to the same period last year[16] - Net profit attributable to shareholders decreased by 107.04%, resulting in a loss of CNY 4,709,339.10[9] - Operating revenue increased by 31.46% year-on-year, mainly due to the recovery from the pandemic and growth in the import seafood business[17] - Net profit attributable to shareholders decreased by 107.04% year-on-year, primarily due to a decline in the price of Huazhong Securities stocks held by the company, impacting net profit by -25.28 million yuan[17] - Net profit for Q1 2021 was CNY 3,310,528.50, a decrease of 95.1% from CNY 67,190,804.87 in Q1 2020[28] - Basic earnings per share for Q1 2021 was CNY -0.0108, compared to CNY 0.1531 in Q1 2020[28] - The total comprehensive income for Q1 2021 was a loss of ¥203.27 million, contrasting with a gain of ¥86.01 million in Q1 2020[29] Cash Flow - Cash flow from operating activities improved, with a net outflow of CNY 240,570,463.55, an improvement from a net outflow of CNY 392,728,141.19 in the previous year[9] - Cash flow from operating activities increased by 152 million yuan year-on-year, attributed to growth in business scale[17] - Cash flow from investing activities decreased by 99.14% year-on-year, mainly due to the sale of part of Huazhong Securities stocks in the previous year[17] - Cash flow from financing activities decreased by 209.09 million yuan year-on-year, primarily due to reduced borrowings from financial institutions this year[17] - The net cash flow from operating activities for Q1 2021 was -191,900,584.05 RMB, an improvement from -335,145,450.17 RMB in Q1 2020, indicating a 42.6% reduction in cash outflow[32] - Total cash inflow from operating activities in Q1 2021 was 823,983,130.08 RMB, compared to 639,901,911.27 RMB in Q1 2020, representing a 28.7% increase[32] - Cash flow from financing activities in Q1 2021 was -55,519,208.39 RMB, compared to 153,981,897.22 RMB in Q1 2020, indicating a shift from positive to negative cash flow[32] Assets and Liabilities - Total assets decreased by 12.01% to CNY 5,258,573,090.92 compared to the end of the previous year[9] - As of March 31, 2021, total assets amounted to 5.26 billion yuan, a decrease from 5.98 billion yuan at the end of 2020[24] - Total liabilities as of March 31, 2021, were 2.61 billion yuan, down from 3.14 billion yuan at the end of 2020[25] - The company's total assets decreased to CNY 4,704,096,564.50 as of March 31, 2021, down from CNY 5,340,720,864.19 at the end of 2020[26] - Total liabilities decreased to CNY 2,452,374,048.31 as of March 31, 2021, compared to CNY 2,886,608,409.34 at the end of 2020, a reduction of 15.1%[27] - The company's total equity decreased to CNY 2,251,722,516.19 as of March 31, 2021, down from CNY 2,454,112,454.85 at the end of 2020[27] Shareholder Information - The number of shareholders at the end of the reporting period was 26,905[12] - Shareholders' equity totaled approximately 2.45 billion, with retained earnings at approximately 913.36 million[39] Investment Income - The company reported a significant decline in investment income, down 100.33% to CNY -125,338.44[16] - The company reported a significant loss in investment income of CNY -125,338.44 in Q1 2021, compared to a profit of CNY 37,609,287.81 in Q1 2020[28] - Investment income for Q1 2021 was ¥154.23 million, a significant drop from ¥37.67 million in Q1 2020[29] - The company experienced a fair value loss of ¥33.86 million in Q1 2021, compared to a gain of ¥26.43 million in Q1 2020[29] Operational Changes - The company did not report any new product developments or market expansion strategies during this period[14] - The company implemented a restricted stock incentive plan, which was approved by the Jiangsu Provincial Government on January 13, 2021[19] - The company has implemented new leasing standards starting January 1, 2021, affecting the recognition of right-of-use assets and lease liabilities[34]