春兰股份(600854) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue surged by 289.19% to CNY 125,924,735.28 year-on-year[5] - Net profit attributable to shareholders reached CNY 5,144,055.09, a significant recovery from a loss of CNY 5,090,728.09 in the same period last year[5] - Basic and diluted earnings per share were both CNY 0.0099, compared to a loss of CNY 0.0098 per share in the previous year[5] - Operating profit for Q1 2021 was ¥13,636,022.81, compared to a loss of ¥765,706.65 in Q1 2020[23] - Net profit for Q1 2021 was ¥8,401,049.46, recovering from a net loss of ¥4,470,415.66 in Q1 2020[23] - The company reported a total comprehensive income of ¥24,496,988.00 for Q1 2021, compared to ¥10,875,280.20 in Q1 2020[24] - The net profit for Q1 2021 reached ¥30,508,679.39, compared to a net loss of ¥11,088,974.08 in Q1 2020, indicating a turnaround in profitability[26] - The total comprehensive income for Q1 2021 was ¥46,604,617.93, a substantial increase from ¥4,256,721.78 in Q1 2020[26] Cash Flow and Liquidity - Net cash flow from operating activities improved to CNY 62,713,365.38, compared to a negative cash flow of CNY 17,704,588.14 in the previous year[5] - The cash flow from operating activities for Q1 2021 was ¥62,713,365.38, a significant improvement from a negative cash flow of ¥17,704,588.14 in Q1 2020[28] - The cash and cash equivalents at the end of Q1 2021 amounted to ¥616,782,102.43, up from ¥462,963,333.77 at the end of Q1 2020, reflecting a net increase of ¥62,555,974.87[29] - The total cash and cash equivalents at the end of Q1 2021 reached ¥368,983,498.23, up from ¥255,189,361.94 at the end of Q1 2020, indicating a year-over-year increase of approximately 44.5%[31] Assets and Liabilities - Total assets increased by 4.35% to CNY 2,309,860,368.03 compared to the end of the previous year[5] - The total liabilities increased to ¥376,695,060.78 from ¥304,877,853.39, reflecting a growing financial obligation[16] - Total assets as of March 31, 2021, amounted to ¥2,963,221,258.07, up from ¥2,902,405,390.73 at the end of 2020[20] - Total liabilities increased to ¥115,338,213.03 in Q1 2021 from ¥101,121,620.63 in Q1 2020[19] - The total current liabilities include accounts payable of $38,251,319.84 and contract liabilities of $443,796.05[39] Shareholder Information - The total number of shareholders was 27,046, indicating a stable shareholder base[8] - The largest shareholder, Chunlan Group, holds 25.34% of the shares, indicating strong control by the major shareholder[9] Operating Costs and Expenses - Operating costs surged to ¥81,212,903.54, reflecting a 439.94% increase from ¥15,041,148.17 in the same period last year, primarily due to increased air conditioning sales[11] - The company recorded a significant increase in sales expenses, which reached ¥22,072,127.09, a 606.55% rise from ¥3,123,914.48 in Q1 2020, linked to the growth in air conditioning sales[11] - The total operating expenses for Q1 2021 were ¥30,179,980.09, compared to ¥6,622,102.76 in Q1 2020, reflecting an increase in costs associated with business growth[25] Research and Development - The company reported a 200% increase in development expenses, totaling ¥213,962.26, up from ¥71,320.75 in the previous year, attributed to higher software development costs[11] - Research and development expenses for Q1 2021 were ¥212,319.06, a decrease from ¥282,713.50 in Q1 2020, reflecting a focus on cost management[22] Other Financial Metrics - Non-recurring gains and losses totaled CNY 425,584.45, including government subsidies of CNY 303,413.87[7] - The weighted average return on equity was 0.2497%, a recovery from -0.2538% in the same period last year[5] - The company recorded a credit impairment loss of ¥49,462,375.19 in Q1 2021, indicating potential challenges in asset quality[26] - The company reported a financial income of ¥3,459,558.34 in Q1 2021, compared to ¥2,468,070.07 in Q1 2020, showing an increase in interest income[25] New Standards and Regulations - The company implemented a new leasing standard starting January 1, 2021, which resulted in the recognition of right-of-use assets and lease liabilities[35] - The company has not made any adjustments to comparative data prior to the implementation of the new leasing standards[40]