SBT(SH:600608)2021-04-26 16:00Financial Performance - The company's operating revenue for the first quarter of 2021 was CNY 119,821,453.08, a decrease of 42.15% compared to the same period last year[5] - The net profit attributable to shareholders of the listed company was a loss of CNY 675,614.79, representing a decrease of 201.66% year-on-year[5] - Basic and diluted earnings per share were both CNY -0.0021, a decrease of 205.00% year-on-year[5] - The net profit for Q1 2021 was a loss of ¥668,290.73, compared to a profit of ¥689,920.26 in Q1 2020, representing a significant decline[31] - The net profit attributable to shareholders of the parent company for Q1 2021 was a loss of ¥675,614.79, compared to a profit of ¥664,566 in Q1 2020[31] Cash Flow - The net cash flow from operating activities was a negative CNY 11,012,773.75, compared to a positive CNY 33,170,611.48 in the same period last year[5] - In Q1 2021, the net cash flow from operating activities was -11,085,235.70 RMB, a significant decrease compared to 33,036,148.53 RMB in Q1 2020[38] - Total cash inflow from operating activities was 237,664,227.86 RMB, down 18.3% from 290,762,318.21 RMB in the same period last year[38] - The ending cash and cash equivalents balance was 37,304,340.17 RMB, down from 98,882,496.36 RMB year-over-year[39] - The company received 60,550.67 RMB in other cash related to operating activities, a significant drop from 3,450,587.07 RMB in the previous year[38] Assets and Liabilities - Total assets increased by 11.65% to CNY 232,945,804.00 compared to the end of the previous year[5] - Total liabilities reached ¥165,861,282.73, compared to ¥140,892,727.35, marking an increase of around 17.7%[23] - Current liabilities totaled ¥163,578,515.71, up from ¥138,609,960.33, which is an increase of about 17.9%[22] - The total equity attributable to shareholders was ¥62,340,686.12, down from ¥63,016,300.91, indicating a decrease of approximately 1.1%[23] Operational Changes - The operating costs for the first quarter were CNY 120,479,505.66, down 41.03% from CNY 204,297,583.29 year-on-year, primarily due to adjustments in customer and business structure[12] - The company reported a significant increase in prepaid accounts to CNY 19,045,141.20, marking a 100% increase, attributed to the rise in procurement using prepayment methods[12] - Accounts payable increased to CNY 50,000,000.00, a 150% rise from CNY 20,000,000.00, due to increased financing scale and settlement through notes payable[12] Future Outlook - The company anticipates a potential net profit for the year, despite a shift from profit to loss in the current period due to business scale reduction[18] - The company has indicated that the performance forecast is subject to change based on market conditions and operational status, urging investors to be cautious[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 16,013[9] - The top shareholder, Kunming Transportation Investment Co., Ltd., held 39,486,311 shares, accounting for 12.01% of the total shares[10] Asset Restructuring - The company is actively progressing with a major asset restructuring involving the acquisition of 100% equity in Yunnan Kunjiantou Supply Chain Management Co., Ltd[13] - The company has completed various preparatory work for the asset restructuring, including audits and evaluations, and has received preliminary approval from relevant authorities[13] - The company is addressing historical debt issues with Nanjing Sweet Group by publicly transferring all debts held, aiming to eliminate potential risks[16]