TYGF(SH:600506)2021-04-27 16:00Financial Performance - Operating revenue for the period was CNY 14,086,846.35, representing an increase of 245.28% year-on-year[5] - Net profit attributable to shareholders of the listed company was CNY -1,741,388.37, a decrease of 185.72% compared to the same period last year[5] - Basic and diluted earnings per share were both CNY -0.012, a decrease of 185.71% year-on-year[5] - The company reported a net loss of CNY 1,741,388.37 for Q1 2021, compared to a net profit of CNY 2,031,473.66 in Q1 2020[18] - The cash flow from operating activities showed a net outflow of CNY 1,388,779.22, worsening from a net outflow of CNY 1,134,181.30 in the previous year[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 298,579,298.01, a decrease of 0.59% compared to the end of the previous year[5] - The total assets of the company as of March 31, 2021, were CNY 298,579,298.01, slightly down from CNY 300,357,065.76 at the end of 2020[15] - The total owner's equity was 278,520,204.25 RMB, with an accumulated deficit of -127,361,374.82 RMB[23] - The total current liabilities were reported at 10,913,475.74 RMB as of Q1 2021[23] - The total non-current liabilities were reported at 10,923,385.77 RMB as of Q1 2021[23] Shareholder Information - The total number of shareholders at the end of the reporting period was 22,410[8] - The largest shareholder, Xinjiang Rongsheng Investment Co., Ltd., held 23.88% of the shares[8] - The total share capital remained unchanged at 147,706,873 shares[5] Cash Flow and Investments - The company reported a net cash flow from operating activities of CNY -1,388,779.22 for the period[5] - In Q1 2021, the net cash flow from investing activities was -1,286,258.08 RMB, compared to 16,237,248.77 RMB in the previous period[21] - The total cash and cash equivalents at the end of Q1 2021 were 86,142,627.89 RMB, down from 102,404,890.52 RMB in the previous period, reflecting a net decrease of 2,675,037.30 RMB[21] - The company’s cash and cash equivalents at the beginning of Q1 2021 were 88,817,665.19 RMB[21] - The cash inflow from investment activities was recorded at 16,237,248.77 RMB in the previous period, indicating a strong investment performance[21] Operational Costs and Expenses - The operating cost for Q1 2021 was CNY 14,038,569.41, reflecting a 247.11% increase from CNY 4,044,387.05 in the same period last year[17] - Management expenses rose by 47.13% to CNY 1,828,529.05, attributed to increased employee compensation and operational costs[12] - Financial expenses decreased significantly by 81.58%, resulting in a net financial income of CNY -221,854.07 compared to CNY -1,204,656.58 in the previous year[12] Inventory and Prepaid Accounts - The company’s inventory increased to CNY 14,007,913.15, up from CNY 11,383,893.98, indicating a growth in stock levels[14] - Prepaid accounts increased by 486.45% to CNY 3,170,850.55, primarily due to increased advance payments for fruit purchases and office renovations[12] - The company’s prepaid accounts receivable increased by 205.58% to CNY 208,237.75, mainly due to increased rental prepayments[12] Accounting Standards - The company adopted the new leasing standards starting January 1, 2021, which will not have a significant impact on the financial statements[24] - The company has not made any retrospective adjustments for prior periods under the new leasing standards[24] Return on Assets - The weighted average return on net assets decreased by 1.37 percentage points to -0.627%[5]