恒顺醋业(600305) - 2021 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders increased by 3.89% to CNY 78,874,187.65 year-on-year[11] - Operating revenue rose by 10.98% to CNY 517,293,919.97 compared to the same period last year[11] - The company reported a total profit of approximately ¥94.58 million for Q1 2021, compared to ¥92.74 million in Q1 2020, marking an increase of 1.97%[48] - Net profit for Q1 2021 reached approximately ¥79.66 million, representing a 2.26% increase from ¥77.78 million in Q1 2020[48] - Basic earnings per share for Q1 2021 was ¥0.0786, compared to ¥0.0757 in Q1 2020, reflecting a growth of 3.84%[48] - The total comprehensive income for the first quarter of 2021 was 72,181,389.38 RMB, compared to 65,350,166.39 RMB in the same period of 2020, representing an increase of approximately 12.5%[54] Assets and Liabilities - Total assets increased by 0.86% to CNY 3,259,039,430.50 compared to the end of the previous year[11] - Total liabilities amounted to ¥690,211,285.21, a decrease of 7% from ¥742,060,421.15[36] - Total equity increased to ¥2,568,828,145.29, up from ¥2,489,168,516.42, reflecting a growth of approximately 3.2%[36] - Current liabilities decreased to ¥492,327,170.46, down from ¥549,239,119.14, mainly due to a reduction in short-term borrowings[34] - Non-current liabilities for long-term borrowings remained stable at ¥116,174,932.85, reflecting consistent financing strategies[34] - Total current assets decreased to ¥1,174,803,674.95 from ¥1,184,175,288.72, a decline of approximately 0.9%[40] Cash Flow - Net cash flow from operating activities decreased by 53.27% to CNY 34,895,824.96 compared to the previous year[11] - Cash inflow from operating activities amounted to 614,527,442.58 RMB, up from 564,994,351.49 RMB in the first quarter of 2020, indicating a growth of about 8.5%[57] - The net cash flow from operating activities was 34,895,824.96 RMB, a decrease of approximately 53% compared to 74,671,830.90 RMB in the first quarter of 2020[57] - Cash inflow from investment activities totaled 225,419,452.05 RMB, significantly higher than 101,593.35 RMB in the same period last year[57] - The net cash flow from investment activities was -38,738,853.31 RMB, an improvement from -295,212,313.23 RMB in the first quarter of 2020[57] - Cash inflow from financing activities was 4,100,000.00 RMB, down from 142,000,000.00 RMB in the first quarter of 2020[57] Shareholder Information - The number of shareholders reached 105,882 at the end of the reporting period[14] - Jiangsu Hengshun Group Co., Ltd. holds 44.63% of the shares, making it the largest shareholder[14] Research and Development - R&D expenses rose by 33.40% to ¥17,977,324.25, primarily due to increased spending on research and development[24] - Research and development expenses for Q1 2021 amounted to approximately ¥17.98 million, an increase of 33.06% from ¥13.48 million in Q1 2020[46] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 7,224,500.00 during the reporting period[11] - Other income increased by 224.11% to ¥7,224,500.00, largely due to an increase in government subsidies received[24] - Other income for Q1 2021 was approximately ¥7.22 million, significantly higher than ¥2.23 million in Q1 2020, indicating a growth of 224.66%[46] Financial Expenses - Financial expenses surged by 121.89% to ¥2,360,798.08, mainly attributed to higher interest costs[24] - The company’s financial expenses for Q1 2021 were approximately ¥2.36 million, an increase of 121.67% from ¥1.06 million in Q1 2020[46] Borrowings - Short-term borrowings decreased by 62.41% to CNY 58,079,297.87 compared to the previous year[20] - Long-term borrowings increased significantly to ¥116,174,932.85, a rise of 828.08% compared to the previous period[23]