Yueda Inv.(SH:600805)2021-04-23 16:00Financial Performance - Operating revenue increased by 118.49% to CNY 909,570,757.31 compared to the same period last year[6] - Net profit attributable to shareholders was CNY -270,966,567.13, a decline from CNY -204,387,014.91 in the same period last year[6] - The company's operating revenue for Q1 2021 was CNY 909,570,757.31, an increase of 118.49% compared to CNY 416,306,849.91 in the same period last year[15] - The net profit attributable to shareholders of the parent company was a loss of CNY 270,966,567.13, compared to a loss of CNY 204,387,014.91 in the previous year[15][13] - Net loss for Q1 2021 was ¥272,483,979.37, compared to a net loss of ¥223,095,003.27 in Q1 2020, reflecting a decline in profitability[29] - The company's operating revenue for Q1 2021 was significantly impacted, resulting in a net loss of CNY 272,379,165.19, compared to a net loss of CNY 155,590,568.15 in Q1 2020, indicating an increase in losses of approximately 74.9% year-over-year[32][33] Assets and Liabilities - Total assets decreased by 8.27% to CNY 9,603,437,045.01 compared to the end of the previous year[6] - Net assets attributable to shareholders decreased by 5.49% to CNY 4,663,246,214.06 compared to the end of the previous year[6] - The company's total assets decreased to ¥9,998,197,524.13 as of March 31, 2021, down from ¥10,356,371,613.80 at the end of 2020[26] - Current assets totaled ¥2,234,222,783.64, a decrease of 9.6% from ¥2,471,846,314.97 at the end of 2020[25] - Non-current assets amounted to ¥7,763,974,740.49, down from ¥7,884,525,298.83 at the end of 2020[25] - Total liabilities decreased to ¥3,651,260,592.00 from ¥3,737,055,516.48 at the end of 2020[26] Cash Flow - Cash flow from operating activities was CNY -194,111,309.30, compared to CNY -161,136,414.98 in the same period last year[6] - The cash flow from operating activities showed a net outflow of CNY 194,111,309.30 in Q1 2021, compared to a net outflow of CNY 161,136,414.98 in Q1 2020, indicating a worsening cash flow situation[36] - Cash received from operating activities related to other cash was 30,912,933.70 in Q1 2021, an increase from 27,297,946.23 in Q1 2020, indicating growth in operational cash receipts[38] - Cash paid to employees in Q1 2021 was 20,573,427.53, a decrease from 23,269,167.36 in Q1 2020, suggesting cost control measures[38] - The net cash flow for Q1 2021 was -215,837,389.01, compared to -138,719,869.51 in Q1 2020, indicating a worsening cash position[39] Shareholder Information - The total number of shareholders was 43,981 at the end of the reporting period[10] - Jiangsu Yueda Group Co., Ltd. held 32.00% of the shares, with 136,123,281 shares pledged[10] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 9,631,324.98 related to normal business operations[8] Investment and Financial Performance - The investment loss reported was CNY 129,984,037.26 in Q1 2021, compared to a loss of CNY 114,809,726.67 in Q1 2020, indicating a worsening investment performance[32] - The fair value change income decreased significantly, amounting to a loss of CNY 124,197,530.74, primarily due to the decline in the market value of shares held in Altec[15][13] Changes in Assets and Liabilities - The company's financial assets decreased by 36.15% to CNY 218,594,309.66 from CNY 342,378,740.40 at the end of the previous year[15] - Prepayments decreased by 39.56% to CNY 165,138,012.32 from CNY 273,233,442.23, attributed to changes in bulk business at Yueda Zhixing[15] - Other payables decreased by 47.10% to CNY 255,650,576.47 from CNY 483,295,475.65, also due to changes in bulk business[15] - Deferred income tax liabilities decreased by 37.18% to CNY 52,469,286.40 from CNY 83,518,669.08, linked to the decline in the market value of Altec shares[15] Research and Development - The company incurred research and development expenses of ¥5,209,976.00 in Q1 2021, a decrease from ¥7,637,273.75 in Q1 2020[28] Leasing Standards - The company has not applied the new leasing standards, indicating a potential area for future financial reporting adjustments[39]