SHIBEI HI-TECH(SH:600604)2021-04-29 16:00Financial Performance - Net profit attributable to shareholders of the listed company was -¥62,419,715.11, a decrease of 137.79% year-on-year[11]. - Operating revenue for the period was ¥119,849,039.00, representing a significant decline of 83.09% compared to the same period last year[11]. - Basic earnings per share were -¥0.0333, down 137.76% from ¥0.0882 in the same period last year[11]. - The company reported a significant decrease in net profit attributable to shareholders compared to the same period last year, primarily due to the lack of industrial carrier sales, with expectations of continued decline in performance for the first half of the year[22]. - The net profit for Q1 2021 was -61,206,378.77, compared to a net profit of 166,852,884.87 in Q1 2020, reflecting a negative shift of 136.7%[44]. - The operating profit for Q1 2021 was -61,824,519.94, a stark contrast to the operating profit of 239,272,795.17 in Q1 2020, marking a decline of 125.8%[42]. - The total profit for Q1 2021 was -61,174,398.13, compared to a total profit of 239,436,469.00 in Q1 2020, reflecting a decrease of 125.6%[44]. - The company reported a total comprehensive income of -74,018,006.39 RMB in Q1 2021, compared to -51,312,236.72 RMB in Q1 2020, reflecting a worsening financial performance[53]. Cash Flow - The net cash flow from operating activities was -¥367,530,720.37, compared to -¥173,417,677.53 in the previous year, indicating a worsening cash flow situation[11]. - The net cash flow from operating activities for Q1 2021 was -367,530,720.37 RMB, compared to -173,417,677.53 RMB in Q1 2020, indicating a decline in operational cash flow[53]. - Total cash inflow from operating activities was 183,568,832.97 RMB in Q1 2021, down from 721,615,565.27 RMB in Q1 2020, reflecting a significant decrease of approximately 74.5%[53]. - The total cash outflow from operating activities was 551,099,553.34 RMB in Q1 2021, compared to 895,033,242.80 RMB in Q1 2020, showing a reduction of about 38.4%[53]. - The net cash flow from investing activities was -25,132,161.25 RMB in Q1 2021, compared to -1,124,668.50 RMB in Q1 2020, indicating increased investment outflows[53]. - The net cash flow from financing activities was 469,058,268.84 RMB in Q1 2021, down from 961,159,060.73 RMB in Q1 2020, representing a decrease of approximately 51.2%[53]. - The total cash and cash equivalents at the end of Q1 2021 were 848,228,038.54 RMB, down from 2,926,025,892.74 RMB at the end of Q1 2020, indicating a significant reduction in liquidity[56]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥19,254,634,560.05, an increase of 0.76% compared to the end of the previous year[11]. - The company’s total assets as of March 31, 2021, were ¥19,254,634,560.05, an increase from ¥19,109,142,594.55 at the end of the previous year[30]. - Total liabilities increased to ¥10,970,301,510.03, up from ¥10,730,914,367.24, reflecting a growth of approximately 2.2%[32]. - Total equity attributable to shareholders decreased to ¥6,375,782,240.84 from ¥6,467,810,714.84, a decline of about 1.4%[32]. - Total current assets decreased to ¥4,506,429,950.68 from ¥4,558,329,367.22, a reduction of about 1.1%[36]. - Total non-current assets slightly decreased to ¥9,455,684,486.20 from ¥9,468,646,151.31, a decline of approximately 0.1%[36]. - The company’s short-term borrowings increased to ¥2,498,400,000 in Q1 2021 from ¥1,949,500,000 in the previous year, indicating a rise in financing needs[30]. - Total liabilities increased from ¥10,730,914,367.24 to ¥10,888,576,722.59, indicating a rise in financial obligations[64]. Shareholder Information - The total number of shareholders at the end of the reporting period was 120,650[17]. - The largest shareholder, Shanghai Beihigh New (Group) Co., Ltd., held 694,465,512 shares, accounting for 37.07% of the total shares[17]. Government Support - The company reported government subsidies recognized in the current period amounting to ¥636,593.55[14].