GSMG(SH:600543)2021-04-27 16:00Financial Performance - Operating revenue for the period reached CNY 32,783,439.46, representing an increase of 89.34% year-on-year[7] - Net profit attributable to shareholders was a loss of CNY 5,834,015.52, an improvement from a loss of CNY 7,241,650.73 in the same period last year[7] - The net cash flow from operating activities was CNY 1,354,451.85, a significant recovery from a negative cash flow of CNY 22,845,134.43 in the previous year[7] - The company's operating revenue grew by 89.34%, with wine business sales reaching 16.794 million yuan, an increase of 93.05% year-over-year[14] - The company's operating costs increased by 141.62%, and selling expenses rose by 63.06%, mainly due to significant growth in wine and biodegradable materials businesses[15] - The net cash flow from operating activities increased by 24.1996 million yuan compared to the same period last year, driven by strong sales in the wine and biodegradable materials sectors[15] - The total operating revenue for Q1 2021 was CNY 32,783,439.46, a significant increase from CNY 17,314,913.01 in Q1 2020, representing an increase of approximately 89.5%[29] - The net profit for Q1 2021 was a loss of CNY 6,896,524.27, compared to a loss of CNY 7,925,163.18 in Q1 2020, showing an improvement of approximately 13.0%[30] - The company reported a gross profit margin of approximately -22.0% for Q1 2021, compared to -45.3% in Q1 2020, indicating an improvement in profitability[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,345,482,267.56, a decrease of 0.92% compared to the end of the previous year[7] - The total liabilities decreased from CNY 677,662,987.31 to CNY 644,621,654.07, reflecting a reduction of approximately 4.9%[27] - The company's total equity remained relatively stable at CNY 1,189,187,785.67 compared to CNY 1,189,411,334.97 in the previous quarter[27] Shareholder Information - The total number of shareholders at the end of the reporting period was 52,317[12] - The largest shareholder, Gansu Agricultural Reclamation Group Co., Ltd., held 14.27% of the shares, totaling 45,819,636 shares[12] Cash Flow - The company's cash and cash equivalents increased by 44.35%, while trading financial assets decreased by 100%, primarily due to the maturity of investment products[14] - The net cash flow from investing activities decreased by 113.0345 million yuan, mainly due to increased bank time deposits[15] - The net cash flow from financing activities decreased by 1.19303 million yuan, a decline of 61.63%, primarily due to a reduction in construction loans compared to the previous year[15] - The cash flow from operating activities generated a net inflow of ¥1,354,451.85, compared to a net outflow of ¥22,845,134.43 in the same period last year[36] - The total cash outflow from operating activities was ¥43,041,464.89, slightly lower than ¥44,408,662.83 in Q1 2020[37] Expenses - Research and development expenses for Q1 2021 were CNY 108,203.86, a decrease from CNY 140,122.71 in Q1 2020, indicating a reduction of about 22.7%[29] - The company's financial expenses decreased by 2.1246 million yuan, mainly due to an increase in bank time deposits[15] - The company incurred sales expenses of ¥9,766,277.23 in Q1 2021, an increase of 21.9% from ¥8,010,956.39 in Q1 2020[32] Future Outlook - The company expects a potential loss in cumulative net profit from the beginning of the year to the next reporting period due to a sluggish wine consumption market and significant increases in chemical raw material prices[16] - The company has not disclosed any new product developments or market expansion strategies in this report[10] - The company did not report any new product developments or market expansion strategies during this quarter[37] Earnings Per Share - The company reported a basic and diluted earnings per share of CNY -0.02, unchanged from the previous year[7] - The basic and diluted earnings per share for Q1 2021 were both CNY -0.02, unchanged from Q1 2020[30]