Financial Performance - Operating revenue fell by 39.35% to CNY 803.41 million year-on-year[4] - Net profit attributable to shareholders decreased by 43.03% to CNY 68.85 million compared to the same period last year[4] - Basic and diluted earnings per share both decreased by 50.00% to CNY 0.01[4] - Total operating revenue for Q1 2021 was RMB 803,411,331.38, a decrease of 39.4% compared to RMB 1,324,600,653.41 in Q1 2020[23] - Net profit for Q1 2021 was RMB 102,780,872.97, a decline of 44.1% from RMB 184,308,016.05 in Q1 2020[24] - Operating profit for Q1 2021 was RMB 141,894,445.63, down 24.4% from RMB 187,588,105.78 in Q1 2020[24] - Investment income for Q1 2021 was RMB 75,294,955.40, a decrease of 38.0% from RMB 121,509,433.74 in Q1 2020[24] Cash Flow - Net cash flow from operating activities improved to -CNY 10.65 million from -CNY 300.36 million in the previous year[4] - Cash flow from operating activities showed a net outflow of ¥10,649,727.75, an improvement from a net outflow of ¥300,355,740.99 in the previous year[12] - Cash inflow from operating activities totaled 21,574,671.45 RMB in Q1 2021, up from 16,910,439.09 RMB in Q1 2020[32] - Cash outflow from operating activities was 40,049,479.61 RMB in Q1 2021, compared to 33,076,182.71 RMB in Q1 2020, indicating higher operational costs[32] - The net cash flow from financing activities for Q1 2021 was -813,357,538.98 RMB, an improvement from -1,509,848,240.41 RMB in Q1 2020[31] Assets and Liabilities - Total assets decreased by 3.70% to CNY 47.52 billion compared to the end of the previous year[4] - Total liabilities decreased from CNY 31,880,115,772.93 to CNY 30,300,396,023.84, a reduction of approximately 4.95%[17] - Current liabilities totaled CNY 16,308,124,136.40, down from CNY 20,857,740,780.50, representing a decrease of about 21.88%[17] - Non-current liabilities increased from CNY 11,022,374,992.43 to CNY 13,992,271,887.44, an increase of approximately 26.93%[17] - The company reported a decrease in other payables from CNY 2,328,169,052.76 to CNY 1,744,892,137.08, a decline of approximately 25.06%[17] Shareholder Information - The total number of shareholders at the end of the reporting period was 67,284[6] - The company plans to repurchase between 25 million and 50 million shares, representing 0.41% to 0.82% of the total share capital, for employee incentive plans[13] Operating Costs - The company reported a 45.44% decrease in operating costs, amounting to ¥574,407,357.44 compared to ¥1,052,815,801.32 in the previous year[12] - Sales expenses increased by 43.58% to ¥26,284,917.81, attributed to higher sales agency service fees[12] - Financial expenses decreased by 37.09% to ¥40,716,541.82 due to a reduction in interest-bearing debt[12] Equity and Retained Earnings - Total equity attributable to shareholders increased from CNY 15,723,989,580.74 to CNY 15,776,325,709.52, a rise of about 0.33%[18] - The company's retained earnings increased from CNY 6,594,349,841.60 to CNY 6,663,203,178.93, an increase of about 1.04%[18] Investment Activities - Investment activities generated a net cash inflow of ¥1,348,099,332.71, a significant increase of 595.27% compared to ¥193,896,390.54 in the same period last year[12] - Total cash inflow from investment activities in Q1 2021 was 1,437,253,145.93 RMB, significantly higher than 194,181,742.43 RMB in Q1 2020[31] - The company achieved a net cash flow from investment activities of 35,325,829.00 RMB in Q1 2021, contrasting with a loss of -102,988,800.00 RMB in Q1 2020[32]
中华企业(600675) - 2021 Q1 - 季度财报