万里股份(600847) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for the period reached CNY 152,348,701.63, representing a 55.37% increase year-on-year[6] - Net profit attributable to shareholders was CNY 1,253,455.87, a significant recovery from a loss of CNY 3,012,376.44 in the same period last year[6] - Basic and diluted earnings per share were both CNY 0.01, recovering from a loss of CNY -0.0197 in the same period last year[6] - Total operating revenue for Q1 2021 was CNY 152,348,701.63, an increase of 55.3% compared to CNY 98,053,690.02 in Q1 2020[28] - Net profit for Q1 2021 was CNY 1,253,455.87, recovering from a net loss of CNY 3,012,376.44 in Q1 2020[29] - The total comprehensive income for Q1 2021 was ¥2,123,483.30, a recovery from a loss of ¥1,585,863.70 in the same period last year[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 760,498,944.18, a 0.20% increase compared to the end of the previous year[6] - The total assets as of March 31, 2021, amounted to CNY 760,498,944.18, slightly up from CNY 758,969,096.38 at the end of 2020[21] - The company's total liabilities increased to CNY 59,974,258.56 from CNY 59,514,888.47, indicating a slight rise in financial obligations[21] - Total liabilities increased to CNY 66,848,397.67 in Q1 2021 from CNY 43,986,488.71 in Q1 2020, marking a rise of 52.0%[26] - The total equity attributable to shareholders was CNY 703,212,648.29 as of March 31, 2021, compared to CNY 701,089,164.99 at the end of 2020, showing a slight increase[26] Cash Flow - The net cash flow from operating activities was negative at CNY -48,088,009.05, compared to CNY -29,705,636.01 in the previous year, indicating a decline in cash generation[6] - The company's cash flow from operating activities showed a negative net amount of CNY -48,088,009.05, worsening by CNY -18,382,373.04 compared to CNY -29,705,636.01 in the previous year[13] - The net cash flow from operating activities was negative at -¥48,088,009.05, worsening from -¥29,705,636.01 in Q1 2020, highlighting cash flow challenges[35] - The total cash outflow from operating activities was ¥172,691,937.31, resulting in a net cash flow from operating activities of -¥45,746,662.72, worsening from -¥20,283,132.82 in the previous year[37] - The net cash flow from investing activities was -¥767,224.21, which is a decline from -¥131,430.00 in the same period last year[38] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,106[10] - The largest shareholder, Jiatiantian Asset Management Co., Ltd., held 11.55% of the shares, totaling 17,708,110 shares[10] Expenses - The company reported a significant increase in sales expenses, which rose by 117.44% to CNY 9,044,346.01 from CNY 4,159,373.18, primarily due to increased freight costs[13] - Total operating costs for Q1 2021 were CNY 149,963,360.43, up from CNY 101,236,259.64 in Q1 2020, representing a 48.0% increase[29] - The company incurred research and development expenses of CNY 465,273.00 in Q1 2021, a decrease from CNY 512,954.02 in Q1 2020[29] - The cash paid for taxes increased to ¥16,410,869.92 from ¥14,560,350.35, indicating a rise in tax obligations[37] Receivables and Inventory - Accounts receivable increased by 27.15% to CNY 116,943,063.58 from CNY 91,969,127.89, primarily due to an increase in credit sales[13] - The company reported a significant increase in accounts receivable, which reached CNY 147,871,432.06, compared to CNY 93,303,129.14 in the previous year, a growth of 58.5%[24] - Inventory levels rose to CNY 117,235,406.30 in Q1 2021, up from CNY 104,101,135.72 in Q1 2020, an increase of 12.0%[25] Government Support and Non-Recurring Items - The company received government subsidies amounting to CNY 201,784.95 during the reporting period[8] - The company reported a total of CNY 235,170.10 in non-recurring gains and losses[8] Future Considerations - The company has a receivable loss compensation amounting to CNY 155,567,888.90 from its major shareholder, which is to be compensated in case of any losses during the performance commitment period[15] - The company plans to strengthen communication with major shareholders to ensure compliance with the share transfer agreement and related obligations[15] - The company has not yet implemented the new leasing standards, which may impact future financial reporting[38]