凤竹纺织(600493) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for the year-to-date reached CNY 229,942,644.60, a 19.07% increase year-on-year [5] - Net profit attributable to shareholders increased by 212.90% to CNY 4,879,768.76 compared to the same period last year [5] - The company reported a 385.77% increase in net profit attributable to shareholders after deducting non-recurring gains and losses, totaling CNY 6,794,526.98 [5] - The company has not reported any significant changes in net profit expectations compared to the previous year, indicating stable financial performance [23] - The company reported a net profit of CNY 204,657,094.74, slightly up from CNY 200,919,672.32, indicating a growth of about 2.3% in retained earnings [28] - Net profit for Q1 2021 was CNY 4,879,768.76, up 212.5% from CNY 1,559,505.16 in Q1 2020 [36] - Earnings per share for Q1 2021 were CNY 0.0179, compared to CNY 0.0057 in Q1 2020, indicating significant growth [36] - The net profit for the first quarter of 2021 was CNY 4,473,736.55, an increase from CNY 2,894,749.54 in the same period of 2020, representing a growth of approximately 54.6% [38] Assets and Liabilities - Total assets increased by 3.63% to CNY 1,980,270,127.75 compared to the end of the previous year [5] - Current assets totaled CNY 978,012,339.18, up from CNY 935,531,866.50 at the end of 2020, indicating an increase of about 4.6% [26] - Non-current assets reached CNY 1,002,257,788.57, compared to CNY 975,301,417.28 at the end of 2020, marking an increase of about 2.5% [27] - Total liabilities were CNY 1,208,463,238.21, up from CNY 1,143,898,367.39, reflecting an increase of approximately 5.6% [28] - The company's total liabilities increased to CNY 1,120,897,449.83 in Q1 2021 from CNY 1,048,622,181.45 in Q1 2020 [35] - Short-term borrowings rose to CNY 253,285,965.00 from CNY 240,909,012.22, an increase of about 5.7% [27] - Long-term borrowings rose to CNY 362,500,000.00 in Q1 2021, up from CNY 344,000,000.00 in Q1 2020 [35] Cash Flow - The net cash flow from operating activities showed a significant decline of 12,914.16%, resulting in a net outflow of CNY 41,847,139.08 [5] - Cash inflow from operating activities was CNY 320,353,910.59, significantly higher than CNY 171,117,737.87 in Q1 2020, marking an increase of approximately 87.2% [41] - The net cash flow from operating activities was negative at CNY -41,847,139.08, contrasting with a positive CNY 326,569.40 in the previous year [41] - Cash outflow from investing activities was CNY 27,918,287.84, a decrease from CNY 111,281,591.63 in Q1 2020, showing a reduction of approximately 75.1% [41] - The net cash flow from investing activities was -19,980,070.61 CNY, compared to -97,846,165.03 CNY in the previous year [44] - The total cash inflow from financing activities was 29,500,000.00 CNY, an increase from 21,640,000.00 CNY year-over-year [44] - The net cash flow from financing activities was 16,213,188.11 CNY, slightly down from 17,998,269.32 CNY in the previous year [44] - The cash and cash equivalents at the end of the period were 59,222,342.58 CNY, down from 112,863,544.21 CNY year-over-year [44] Inventory and Contract Liabilities - Inventory increased by 50.76% to CNY 31,810.93 due to increased sales leading to higher raw material purchases [13] - Contract liabilities surged by 420.55% to CNY 2,102.26, reflecting an increase in customer prepayments due to higher sales [13] Investments and Projects - The company plans to relocate its new factory in Fujian Jinjiang Economic Development Zone with a total production capacity of 100,000 tons of knitted dyeing fabric, 7,500 tons of knitted printed fabric, and 3,000 tons of yarn, with a total investment of approximately 850 million RMB [15] - The company has approved an investment of around 300 million RMB for the "Henan Fengzhu (Anyang) 30,000 tons dyeing project," with construction progressing steadily and necessary permits obtained [19] - The company has established a joint venture with CITIC Environment to invest in the Anyang North District dyeing demonstration park, adapting to new environmental regulations [18] - The company is focusing on upgrading its product structure and enhancing competitiveness to meet government urban construction needs [15] - The company is actively coordinating construction work and equipment installation for the new factory, despite uncertainties due to the ongoing global pandemic [16] Financial Management - The total amount of entrusted financial management for the first quarter is 192.2 million RMB, with a total income of approximately 2.04 million RMB from these investments [21] - The company experienced a significant reduction in financial expenses, decreasing to CNY 2,269,947.87 in Q1 2021 from CNY 6,156,410.34 in Q1 2020 [35] - The company distributed dividends and interest payments totaling 4,370,634.03 CNY during the period [44] - The impact of exchange rate changes on cash and cash equivalents was -3,736,913.09 CNY [44]