Jiangxi Changyun(SH:600561)2021-04-28 16:00Financial Performance - Operating revenue for the first quarter was ¥464,251,668.79, representing a significant increase of 41.10% year-on-year[7]. - Net profit attributable to shareholders was a loss of ¥20,444,056.95, an improvement from a loss of ¥159,034,812.36 in the same period last year[7]. - The company reported a net profit attributable to shareholders of -20.44 million yuan for Q1 2021, a decrease compared to the previous year[6]. - Net loss for Q1 2021 was CNY 21,049,021.63, compared to a net loss of CNY 184,257,973.34 in Q1 2020, showing a significant reduction in losses[32]. - The total comprehensive loss for Q1 2021 was CNY 25,098,282.76, compared to a loss of CNY 36,850,714.69 in Q1 2020[35]. - The company reported a decrease in undistributed profits to -40.99 million yuan compared to -20.54 million yuan at the end of the previous year[23]. Cash Flow - Cash flow from operating activities improved to -¥17,045,876.14, compared to -¥63,305,290.35 in the previous year[7]. - The company's cash flow from financing activities was positive at ¥89,596,124.67, a turnaround from -¥79,045,369.86 in the previous year[14]. - Net cash flow from operating activities increased due to a rise in operating revenue while operating costs only increased by 65 million yuan[10]. - Cash flow from financing activities increased by 263 million yuan due to new borrowings, while debt repayments only increased by 87 million yuan[12]. - The company reported a total cash inflow from financing activities of CNY 614,580,151.08, up from CNY 351,220,800.00 in Q1 2020[39]. - The net cash flow from financing activities was 84,592,966.33 RMB, a significant recovery from -78,274,320.41 RMB in Q1 2020[43]. - Cash received from operating activities related to other business activities was 101,623,061.05 RMB, a substantial increase from 18,481,687.88 RMB in Q1 2020[41]. - The total cash outflow from operating activities was 113,461,495.64 RMB, compared to 91,269,925.17 RMB in the previous year, indicating a rise of 24.4%[41]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,771,992,281.16, an increase of 0.44% compared to the end of the previous year[7]. - The company's total assets as of March 31, 2021, amounted to 5.77 billion yuan, a slight increase from 5.75 billion yuan at the end of 2020[22]. - The company's total liabilities were 4.38 billion yuan, compared to 4.32 billion yuan at the end of the previous year[23]. - Total liabilities increased to CNY 3,352,339,641.42 as of March 31, 2021, compared to 3,149,301,295.99 at the end of 2020[27]. - The total liabilities amounted to CNY 4,320,879,716.11, with a slight increase of CNY 2,008,934.17 compared to the previous period[48]. - The total liabilities and equity combined reached CNY 5,746,500,758.48, ensuring a balanced financial structure[48]. Equity and Return Metrics - The weighted average return on equity was -1.89%, a significant improvement from -14.53% in the previous year[7]. - The company's net assets attributable to shareholders decreased by 1.98% to ¥1,071,813,221.46 compared to the previous year[7]. - The total equity decreased to CNY 1,210,388,010.35 as of March 31, 2021, down from CNY 1,268,849,912.89 at the end of 2020[28]. - Basic and diluted earnings per share for Q1 2021 were both CNY -0.07, compared to CNY -0.67 in Q1 2020, indicating an improvement in per-share performance despite the loss[32]. - Basic and diluted earnings per share for Q1 2021 were both -0.09, an improvement from -0.16 in Q1 2020[35]. Operational Metrics - The company reported an increase in accounts receivable by 29.89%, amounting to ¥50,930,719.99[13]. - The construction in progress decreased by 32.07% to ¥153,962,611.76, primarily due to the completion of a project[13]. - Total operating costs for Q1 2021 were CNY 599,019,071.05, up from CNY 540,169,590.93 in Q1 2020, representing an increase of approximately 11%[31]. - The company incurred financial expenses of CNY 15,700,936.95 in Q1 2021, down from CNY 19,906,559.98 in Q1 2020[34]. - The company achieved investment income of CNY 2,139,788.55 in Q1 2021, a turnaround from a loss of CNY 118,784.58 in Q1 2020[34]. Other Financial Information - Non-operating income included government subsidies amounting to ¥26,745,744.13, contributing positively to the financial results[8]. - Deferred income decreased compared to the end of the previous year, mainly due to the completion of a construction project by a subsidiary[5]. - The net cash flow from investing activities changed mainly due to increased cash recovered from the disposal of fixed assets and other long-term assets[11]. - The cash flow from investment activities showed a net inflow of 1,069,776.41 RMB, recovering from a net outflow of -330,185.63 RMB in the same period last year[41]. - The company has implemented new leasing standards effective from January 1, 2021, impacting the recognition of lease liabilities and right-of-use assets[48].