Rightway Holdings(SH:600321)2021-04-29 16:00Financial Performance - Operating revenue surged by 169.07% to CNY 226,296,089.99 from CNY 84,101,800.20 in the same period last year[5] - The net profit attributable to shareholders of the listed company was a loss of CNY 14,190,345.59, improving from a loss of CNY 35,600,498.29 year-on-year[5] - Basic and diluted earnings per share were both reported at -CNY 0.0094, showing improvement from -CNY 0.0236 in the previous year[5] - The net loss for Q1 2021 was CNY 14,155,970.62, compared to a net loss of CNY 35,691,077.81 in Q1 2020, showing an improvement of approximately 60.4%[40] - The company reported a gross profit margin of approximately -7.5% for Q1 2021, compared to -43.3% in Q1 2020[39] - Operating profit for Q1 2021 was CNY -13,461,677.15, an improvement from CNY -36,404,394.49 in Q1 2020[39] Cash Flow - Net cash flow from operating activities reached CNY 131,501,746.12, a significant recovery from a loss of CNY 785,727,808.29 in the previous year[5] - In Q1 2021, the company reported a net cash flow from operating activities of CNY 131,501,746.12, a significant improvement compared to a net outflow of CNY -785,727,808.29 in Q1 2020[45] - The total cash inflow from operating activities was CNY 354,419,076.77, up from CNY 138,078,259.31 in the same period last year, representing an increase of approximately 156%[44] - The company experienced a cash outflow of CNY 222,917,330.65 in operating activities, down from CNY 923,806,067.60 in Q1 2020, indicating a reduction of about 76%[45] - The net cash flow from investing activities was CNY -20,896,471.19, compared to a positive cash flow of CNY 2,003,494.72 in Q1 2020[45] - The net cash flow from financing activities was CNY -71,084,914.11, compared to a positive cash flow of CNY 678,416,288.45 in the previous year[45] Assets and Liabilities - Total assets increased by 6.00% to CNY 4,635,508,049.24 compared to the end of the previous year[5] - The total liabilities of the company were CNY 2,710,263,278.49, compared to CNY 2,433,615,489.30 at the end of 2020, representing an increase of about 11.4%[34] - The company's current assets totaled CNY 2,881,114,054.70, up from CNY 2,597,584,811.59 at the end of 2020, indicating an increase of about 10.9%[32] - The total liabilities as of Q1 2021 amounted to CNY 438,334,004.52, an increase from CNY 427,454,297.72 in the previous year[37] Shareholder Information - The total number of shareholders reached 65,487, indicating a stable shareholder base[9] - The top shareholder, Zhengyuan Real Estate Development Co., Ltd., holds 24.84% of shares, with a significant portion pledged[9] - The controlling shareholder's 375,235,863 shares are under judicial freeze due to bond trading disputes[25] - The second largest shareholder's 329,670,000 shares were released from judicial freeze on February 9, 2021[26] Government Support and Non-Recurring Gains - The company received government subsidies amounting to CNY 1,303,644.64, contributing to non-recurring gains[7] - The company reported a total non-recurring profit of CNY 2,581,178.32 for the period[8] Investments and Projects - The company plans to invest approximately 500 million RMB in the smart home high-end board project in Yibin City, covering an area of about 230 acres[18] - The fixed asset investment intensity for the smart home project is not less than 2 million RMB per acre[18] - The company has established Sichuan Yifengyuan Board Co., Ltd. for the smart home project, with relevant work proceeding as planned[18] Corporate Governance - The company has passed a special self-inspection report on corporate governance covering the period from January 1, 2018, to December 31, 2020[21] - The company has approved a share repurchase plan to buy back shares for employee stock ownership plans or equity incentives[23] Management Team - The company’s management team includes He Yanlong as the responsible person, Guo Buzhen as the accounting work supervisor, and Luo Jianhua as the accounting institution head[46]