THGW(SH:600365)2021-04-29 16:00Financial Performance - Operating revenue increased by 4.30% to CNY 229,557,458.23 year-on-year[8] - Net profit attributable to shareholders was CNY 600,907.13, a significant turnaround from a loss of CNY 633,565.87 in the same period last year, representing a 194.85% increase[8] - Basic earnings per share improved to CNY 0.002 from a loss of CNY 0.002, marking a 200.00% increase[8] - Operating profit for Q1 2021 was ¥9,158,833.36, compared to ¥3,491,291.38 in Q1 2020, representing a significant increase[48] - Net profit for Q1 2021 was ¥5,639,139.81, compared to ¥1,611,351.50 in Q1 2020, indicating a strong performance improvement[49] Cash Flow - The net cash flow from operating activities was negative CNY 6,296,651.91, a decrease of 106.93% compared to the previous year[8] - Operating cash flow net amount decreased by 106.93% to -¥6,296,651.91, a decline of ¥97,202,194.85 from ¥90,905,542.94 in the previous year[26] - The company reported a cash inflow from financing activities of CNY 130,660,000.00 in Q1 2021, down from CNY 349,318,705.14 in Q1 2020[56] - The net cash flow from investing activities was -CNY 19,400.00 in Q1 2021, indicating no significant investment activity compared to the previous year[56] - The net cash flow from financing activities was -3,915,148.29, compared to -9,734,730.13 in the previous period[59] Assets and Liabilities - Total assets decreased by 11.23% to CNY 958,888,962.54 compared to the end of the previous year[8] - Total current assets decreased to CNY 624,598,238.28 from CNY 742,160,094.84, a decline of approximately 16% year-over-year[39] - Total liabilities decreased to CNY 279,579,693.87 from CNY 406,488,205.01, a decrease of approximately 31%[41] - Non-current assets totaled CNY 334,290,724.26, down from CNY 337,998,239.03, a decrease of about 1.5%[40] - Total assets as of the end of Q1 2021 were ¥725,504,550.29, slightly down from ¥729,255,302.51 at the end of Q1 2020[46] Expenses - Sales expenses decreased by 58.16% to ¥14,904,292.70 compared to ¥35,623,037.48 in the same period last year, primarily due to reduced shipping and promotional service fees[21] - Management expenses increased by 53.46% to ¥9,972,694.07, mainly due to higher rent, decoration, and depreciation costs[22] - Financial expenses decreased by 66.14% to ¥1,528,953.49, attributed to reduced interest payments by a subsidiary[23] - Total operating costs for Q1 2021 were ¥220,398,624.87, up from ¥216,601,293.05 in Q1 2020[48] - Total operating expenses for Q1 2021 were CNY 16,965,905.03, compared to CNY 18,809,707.99 in Q1 2020[52] Equity and Shareholder Information - The weighted average return on equity increased by 0.2 percentage points to 0.10%[8] - The company maintained its capital reserve at CNY 547,908,580.48, unchanged from the previous period[41] - The company’s total equity increased to CNY 679,309,268.67 from CNY 673,670,128.86, an increase of approximately 0.9%[41] - Basic and diluted earnings per share for Q1 2021 were both ¥0.002, compared to a loss of ¥0.002 per share in Q1 2020[49] Legal and Regulatory Matters - The company has resolved a total of ¥130 million in illegal guarantees, with a commitment to assist in resolving remaining issues[32] - The company is facing a new lawsuit related to a loan dispute, which is linked to previous legal matters[34] - The company did not apply the new leasing standards for the current financial statements[59]