妙可蓝多(600882) - 2021 Q1 - 季度财报

Important Notice The board of directors, supervisory board, and senior management guarantee the report's accuracy and completeness; financial statements are unaudited Report Authenticity and Audit Status Management ensures the report's truthfulness and completeness; Q1 2021 financial statements are unaudited - Management ensures this quarterly report contains no false statements, misleading representations, or material omissions[10][11] - This company's Q1 2021 report is unaudited[12] Company Profile Overview of the company's financial performance and shareholder structure for the reporting period Key Financial Data Q1 2021 saw operating revenue surge 140.58% to 951 million RMB and net profit increase 215.60% to 32.03 million RMB, despite an 84.88% drop in operating cash flow Key Financial Data for Q1 2021 | Indicator | Current Period (RMB) | Prior Period (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 950,926,004.79 | 395,263,404.14 | 140.58% | | Net Profit Attributable to Shareholders | 32,029,084.05 | 10,148,657.80 | 215.60% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 31,524,394.09 | 10,114,994.82 | 211.66% | | Net Cash Flow from Operating Activities | 3,179,566.77 | 21,028,978.60 | -84.88% | | Basic Earnings Per Share (RMB/share) | 0.0775 | 0.0248 | 212.50% | | Weighted Average Return on Net Assets (%) | 2.13% | 0.80% | Increased by 1.33 percentage points | - During the reporting period, non-recurring gains and losses totaled 504,689.96 RMB, primarily from government subsidies and non-operating income/expenses[17][20] Shareholder Information As of period-end, the company had 21,964 shareholders, with Chai Xiu and Mengniu Dairy as major holders - As of the end of the reporting period, the company had 21,964 common shareholders[20] Top Ten Shareholders' Holdings | Shareholder Name | Number of Shares (shares) | Shareholding Ratio (%) | | :--- | :--- | :--- | | Chai Xiu | 76,103,632 | 18.32% | | Inner Mongolia Mengniu Dairy (Group) Co., Ltd. | 45,978,153 | 11.07% | | Industrial Bank Co., Ltd. - Xingquan Trend Investment Mixed Securities Investment Fund | 14,028,378 | 3.38% | | Industrial Bank Co., Ltd. - Xingquan New Horizon Flexible Allocation... | 12,723,425 | 3.06% | | Wang Yongxiang | 10,395,557 | 2.50% | - Of the shares held by the largest shareholder, Chai Xiu, 72,000,000 shares are pledged, and the remaining shares are frozen[22] Significant Matters Key financial changes driven by sales growth and strategic initiatives, alongside progress on major corporate actions Analysis of Significant Changes in Key Financial Statement Items and Indicators Revenue grew 140.58% due to increased cheese sales, while expenses rose to support expansion, and operating cash flow decreased due to bill payments - Operating revenue increased by 140.58% year-on-year, primarily due to a significant increase in cheese product sales[25] - Selling expenses increased by 184.58% year-on-year, mainly due to increased advertising and promotional expenses from intensified channel investment and brand building[25] - Administrative expenses increased by 215.60% year-on-year, primarily due to a substantial increase in employee compensation expenses from the implementation of an equity incentive plan[25] - Net cash flow from operating activities decreased by 84.88% year-on-year, mainly due to the company's payment of matured bank acceptance bills[25] Progress of Significant Matters The 2020 non-public A-share issuance received CSRC and antitrust approval, awaiting final regulatory documents - The company's 2020 non-public issuance of A-shares has been approved by the CSRC Issuance Examination Committee and passed antitrust review, currently awaiting the final formal approval document[26] Appendix Contains the unaudited consolidated and parent company financial statements for Q1 2021 and an explanation of accounting standard changes Financial Statements Presents the unaudited consolidated and parent company financial statements for Q1 2021, including balance sheet, income statement, and cash flow statement Consolidated Balance Sheet Total assets grew 11.42% to 3.45 billion RMB, driven by construction in progress, with net assets attributable to shareholders increasing 3.72% to 1.54 billion RMB Key Items from Consolidated Balance Sheet (March 31, 2021) | Item | Period-end Balance (RMB) | Year-start Balance (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 3,445,245,959.03 | 3,092,175,507.59 | 11.42% | | Total Liabilities | 1,547,345,616.29 | 1,259,594,663.24 | 22.84% | | Equity Attributable to Parent Company Owners | 1,540,874,059.38 | 1,485,566,761.15 | 3.72% | Consolidated Income Statement Total operating revenue increased 140.58% to 951 million RMB, leading to a 215.60% rise in net profit attributable to parent company shareholders, reaching 32.03 million RMB Key Items from Consolidated Income Statement (Q1 2021) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 950,926,004.79 | 395,263,404.14 | 140.58% | | Total Operating Costs | 909,949,812.90 | 391,497,397.99 | 132.43% | | Operating Profit | 46,899,382.98 | 9,347,156.96 | 401.75% | | Net Profit Attributable to Parent Company Owners | 32,029,084.05 | 10,148,657.80 | 215.60% | Consolidated Cash Flow Statement Operating cash flow decreased 84.88% to 3.18 million RMB, while investing activities had a net outflow of 161.31 million RMB, and financing activities a net inflow of 117.75 million RMB Key Items from Consolidated Cash Flow Statement (Q1 2021) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 3,179,566.77 | 21,028,978.60 | -84.88% | | Net Cash Flow from Investing Activities | -161,311,608.60 | -130,904,316.52 | -23.23% | | Net Cash Flow from Financing Activities | 117,750,720.62 | 442,186,058.96 | -73.37% | | Net Increase in Cash and Cash Equivalents | -40,256,438.29 | 332,317,127.35 | -112.11% | Explanation of Accounting Standard Changes The company adopted new leasing standards from January 1, 2021, adjusting opening financial statements by recognizing right-of-use assets and lease liabilities - The company adopted new leasing standards from January 1, 2021, adjusting opening financial statement items based on cumulative impact without restating comparable prior period information[80] Major Impact of Initial Adoption of New Leasing Standards on Opening Consolidated Balance Sheet | Adjusted Item | Adjustment Amount (RMB) | Description | | :--- | :--- | :--- | | Right-of-Use Assets | +206,333,630.49 | New non-current assets | | Lease Liabilities | +215,356,228.33 | New non-current liabilities | | Retained Earnings | -24,961.02 | Cumulative impact adjustment |