GZRS(SH:600367)2021-04-22 16:00Financial Performance - Net profit attributable to shareholders reached CNY 12,774,787.40, a significant turnaround from a loss of CNY 10,618,676.54 in the same period last year[9] - Operating revenue for the quarter was CNY 381,048,074.00, representing a 52.84% increase year-on-year[9] - Basic and diluted earnings per share were both CNY 0.044, compared to a loss of CNY 0.036 in the same period last year[9] - The total operating profit for Q1 2021 was ¥17,781,310.97, compared to a loss of ¥3,529,279.18 in Q1 2020, indicating a significant recovery[41] - The net profit for Q1 2021 reached ¥14,394,216.77, while the company reported a net loss of ¥3,082,186.32 in the same period last year, reflecting a turnaround in financial performance[41] - The total comprehensive income for Q1 2021 was ¥13,394,216.77, compared to a loss of ¥3,082,186.32 in Q1 2020, showcasing improved overall financial health[42] Cash Flow - The net cash flow from operating activities improved to -CNY 22,792,876.14, compared to -CNY 51,543,489.61 in the previous year[9] - Cash inflows from operating activities amounted to ¥271,803,744.70 in Q1 2021, up from ¥236,890,449.39 in Q1 2020, representing a year-over-year increase of approximately 14.7%[45] - The net cash flow from operating activities was -¥22,792,876.14 in Q1 2021, an improvement from -¥51,543,489.61 in Q1 2020, indicating a narrowing of cash flow losses[46] - The company reported a cash flow from investing activities of -¥15,498,548.31 in Q1 2021, which is an improvement from -¥16,487,835.62 in Q1 2020, indicating better management of investment cash flows[46] - The net cash flow from investing activities was -4,300,895.41 RMB, compared to -10,204,300.77 RMB in the previous period, indicating an improvement of approximately 58.9%[51] - The net increase in cash and cash equivalents was 3,772,196.16 RMB, contrasting with a decrease of 49,011,337.93 RMB in the prior period, showing a significant recovery[51] Assets and Liabilities - Total assets increased by 1.59% to CNY 2,061,562,503.40 compared to the end of the previous year[9] - The company's total liabilities increased to ¥208,501,966.12 in Q1 2021 from ¥190,266,303.30 in Q1 2020, representing a growth of 9.7%[32] - Total current assets increased to ¥1,165,223,316.12 as of March 31, 2021, up from ¥1,128,507,668.64 at the end of 2020, representing a growth of approximately 3.1%[26] - Total liabilities amounted to ¥601,893,163.30, up from ¥584,480,916.71, indicating a rise of 3.5%[28] - The company's equity attributable to shareholders increased to ¥1,393,453,762.88 from ¥1,379,961,776.78, a growth of 1.0%[28] Shareholder Information - The total number of shareholders was 26,749 at the end of the reporting period[12] - The largest shareholder, Qingdao Hongxing Chemical Group Co., Ltd., held 35.56% of the shares[13] Government Subsidies and Other Income - The company received various government subsidies totaling CNY 3,015,037.96 during the quarter[10] - Other income rose by 115.16% to RMB 3,133,406, primarily due to increased government subsidies received[15] Research and Development - Research and development expenses decreased by 89.79% to RMB 12,427.55, reflecting reduced investment in R&D activities[14] - Research and development expenses decreased to ¥12,427.55 in Q1 2021 from ¥121,664.52 in Q1 2020, a reduction of 89.8%[35] Market Conditions and Future Outlook - The company anticipates better overall operating conditions in H1 2021 compared to the same period in 2020, driven by increased demand and sales volume[22] - The company decided to terminate its non-public issuance of A-shares originally planned in 2018, citing changes in market conditions and project progress[18] Leasing Standards - The total assets increased significantly due to the implementation of new leasing standards, with right-of-use assets amounting to RMB 9,283,807[17] - The company executed the new leasing standards starting January 1, 2021, impacting the financial statements accordingly[53] - The company adopted new leasing standards effective January 1, 2021, impacting financial reporting[63] - No significant adjustments were made to prior period comparative data under the new leasing standards[64]