ITG(SH:600755)2021-04-29 16:00Financial Performance - Operating revenue rose by 79.60% to ¥90.86 billion year-on-year[12] - Net profit attributable to shareholders increased by 19.92% to ¥629.77 million compared to the same period last year[12] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥709.80 million, a substantial increase from a loss of ¥261.95 million in the previous year[12] - Basic earnings per share rose by 30.00% to ¥0.26, while diluted earnings per share increased by 31.58% to ¥0.25[12] - The company reported a significant increase in other operating income, reaching CNY 57.46 million, up 3364.47% from CNY 1.66 million in Q1 2020[32] - The net profit for Q1 2021 reached ¥695,538,556.90, compared to ¥607,384,788.90 in Q1 2020, marking an increase of about 14.5%[57] - The operating profit for Q1 2021 was ¥797,468,154.55, compared to ¥771,443,626.85 in Q1 2020, showing an increase of approximately 3.4%[55] Assets and Liabilities - Total assets increased by 36.10% to ¥154.36 billion compared to the end of the previous year[12] - The company’s financial assets increased by 102.74% to 7,394,319,792.02 RMB due to investments in financial products[26] - Total liabilities amounted to ¥119.84 billion, an increase from ¥78.55 billion, representing a growth of 52.5%[46] - Current liabilities totaled ¥106.18 billion, compared to ¥63.82 billion in the previous year, reflecting a significant increase of 66.5%[46] - Total current assets amounted to 94,596,215,537.90 CNY, showing a slight decrease from 94,593,248,453.11 CNY[71] - Total liabilities rose from ¥78,553,257,076.52 to ¥78,677,986,159.23, reflecting an increase of ¥124,729,082.71[73] Cash Flow - Net cash flow from operating activities showed a significant outflow of ¥15.02 billion, worsening from a previous outflow of ¥4.07 billion[12] - Net cash flow from operating activities for Q1 2021 was -CNY 15.02 billion, compared to -CNY 4.07 billion in Q1 2020, indicating increased cash outflow due to inventory and prepayment growth[35] - The cash flow from operating activities for Q1 2021 was -¥15,016,891,958.59, compared to -¥4,065,930,646.77 in Q1 2020, showing a worsening cash flow situation[65] - Cash inflow from financing activities totaled 28,936,957,864.59 CNY, up from 22,569,009,232.44 CNY in the same quarter last year[69] - The net cash flow from financing activities was 15,142,855,514.17 CNY, compared to 10,586,429,930.58 CNY in the previous year, showing a positive trend[69] Shareholder Information - Total number of shareholders at the end of the reporting period is 106,642[22] - The largest shareholder, Xiamen Guomao Holdings Group Co., Ltd., holds 754,480,986 shares, accounting for 38.77% of total shares[22] Inventory and Receivables - Accounts receivable rose by 48.49% to 5,635,261,372.02 RMB, attributed to the expansion of supply chain management business[26] - Inventory increased by 43.45% to 71,657,934,507.85 RMB, driven by the needs of supply chain management development[29] - Inventory as of March 31, 2021, was CNY 71.66 billion, compared to CNY 49.95 billion as of March 31, 2020[41] Operational Developments - The company’s supply chain management business expanded significantly, contributing positively to revenue growth despite challenges in the real estate sector[16] - The company plans to continue expanding its supply chain management services and financial investments in the future[26] Non-Recurring Items - Non-recurring gains and losses decreased by ¥867 million compared to the previous year, reflecting improved operational stability[16] - The fair value change loss was CNY -69.97 million, a drastic decline compared to a gain of CNY 991.60 million in the previous period[32] Financial Ratios - The weighted average return on net assets increased by 0.42 percentage points to 3.16%[12] - The company’s short-term borrowings rose significantly to ¥22.18 billion, compared to ¥11.32 billion, reflecting an increase of 95.5%[46]