光明乳业(600597) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter reached CNY 6,985,625,527, representing a year-on-year increase of 36.07%[10] - Net profit attributable to shareholders was CNY 99,207,726, up 28.59% from the same period last year[10] - Basic earnings per share increased to CNY 0.08, reflecting a growth of 33.33% year-on-year[10] - The company's operating revenue increased to ¥6,985,625,527, representing a growth of 36.07% compared to the previous year[21] - Total operating revenue for Q1 2021 reached CNY 6,985,625,527, a 36.1% increase from CNY 5,134,028,633 in Q1 2020[46] - Net profit for Q1 2021 was CNY 85,836,264, a decrease of 43.0% compared to CNY 150,657,386 in Q1 2020[47] - The company recorded a total comprehensive income of CNY -133,799,909 for Q1 2021, compared to CNY -418,130,732 in Q1 2020[50] - Total profit for Q1 2021 reached CNY 44,107,081, while the total loss in Q1 2020 was CNY 76,530,371, showcasing a turnaround in financial performance[53] - Net profit for Q1 2021 was CNY 35,226,929, compared to a net loss of CNY 57,141,139 in the same period last year, reflecting improved profitability[53] Cash Flow - The net cash flow from operating activities improved to CNY -182,119,665, compared to CNY -476,690,878 in the previous year, indicating a significant recovery[10] - Cash inflow from operating activities in Q1 2021 was CNY 7,755,370,803, up from CNY 5,803,733,635 in Q1 2020, representing a growth of approximately 33.6%[56] - Cash outflow from operating activities in Q1 2021 totaled CNY 7,937,490,468, compared to CNY 6,280,424,513 in Q1 2020, indicating an increase of about 26.4%[56] - The net cash flow from operating activities for Q1 2021 was negative at CNY -182,119,665, an improvement from CNY -476,690,878 in Q1 2020[56] - Cash inflow from investment activities in Q1 2021 was CNY 33,674,001, down from CNY 38,073,023 in Q1 2020[56] - Cash outflow from investment activities in Q1 2021 was CNY 340,330,527, significantly lower than CNY 799,673,373 in Q1 2020, indicating reduced capital expenditures[56] - The net cash flow from financing activities in Q1 2021 was negative at CNY -434,212,034, compared to a positive inflow of CNY 553,240,557 in Q1 2020, reflecting changes in financing strategy[56] Assets and Liabilities - Total assets at the end of the reporting period were CNY 19,972,169,854, a decrease of 0.54% compared to the end of the previous year[10] - The company's current assets totaled ¥8,233,698,305, down from ¥8,976,852,381 at the end of 2020, indicating a decrease of about 8.27%[36] - Total liabilities stood at ¥11,228,162,758, slightly up from ¥11,165,573,760 at the end of 2020, marking an increase of approximately 0.56%[38] - The company's equity totaled ¥8,744,007,096, down from ¥8,915,264,086 at the end of 2020, indicating a decrease of about 1.92%[38] - Total liabilities decreased to CNY 6,445,286,222 from CNY 7,118,151,819 year-over-year[46] - The company reported a decrease in short-term borrowings to ¥911,226,585 from ¥1,314,421,625, a reduction of approximately 30.7%[38] Shareholder Information - The total number of shareholders at the end of the reporting period was 69,530[14] - The largest shareholder, Bright Food (Group) Co., Ltd., held 51.62% of the shares[14] Government Subsidies and Investments - The company reported a government subsidy income of CNY 21,568,714, which is closely related to its normal business operations[13] - The company plans to invest in new projects, including the establishment of a new dairy farm in Huaibei and acquisitions of agricultural companies[29] - The company has initiated a non-public offering of A-shares to support its strategic expansion plans[29] Operational Costs - Operating costs rose to ¥5,415,079,743, an increase of 58.05% year-on-year, primarily due to higher raw material prices[21] - Total operating costs for Q1 2021 were CNY 6,866,277,537, up 37.5% from CNY 4,999,051,225 in Q1 2020[47] Research and Development - Research and development expenses increased to CNY 21,610,674 in Q1 2021, up from CNY 20,638,537 in Q1 2020[47] Financial Adjustments - The company has implemented new leasing standards starting from 2021, affecting the financial statements[62] - The company did not adjust comparative data for the periods prior to the implementation of the new leasing standards[72]