YBTI(SH:600883)2021-04-29 16:00Financial Performance - Net profit attributable to shareholders increased by 208.85% to CNY 11,721,419.39 compared to the same period last year[7]. - Operating revenue decreased by 22.32% to CNY 3,003,534.84 compared to the same period last year[7]. - Operating profit rose by 204.86% to ¥11,569,958.89 from ¥3,795,178.78, driven by increased long-term equity investment income[15]. - Net profit increased by 208.85% to ¥11,721,419.39 from ¥3,795,178.78, reflecting higher operating profit[15]. - Basic earnings per share rose by 208.07% to CNY 0.0496[7]. - Total comprehensive income increased by 52.44% to ¥12,350,634.43 from ¥8,102,180.86, driven by higher net profit[15]. - Total revenue for Q1 2021 was CNY 3,003,534.84, a decrease of 22.3% compared to CNY 3,866,586.34 in Q1 2020[41]. - Net profit for Q1 2021 was CNY 11,721,419.39, significantly higher than CNY 3,795,178.78 in Q1 2020, marking an increase of 208.5%[42]. - Basic and diluted earnings per share for Q1 2021 were CNY 0.0496, up from CNY 0.0161 in Q1 2020, representing an increase of 208.7%[42]. Assets and Liabilities - Total assets increased by 1.83% to CNY 738,148,450.10 compared to the end of the previous year[7]. - The company's total liabilities as of March 31, 2021, were CNY 34,485,647.49, compared to CNY 35,104,539.00 at the end of 2020, indicating a decrease in liabilities[32]. - Total equity attributable to shareholders as of March 31, 2021, was CNY 703,662,802.61, up from CNY 689,756,957.54 at the end of 2020, reflecting an increase of approximately 2.6%[32]. - Cash and cash equivalents decreased to CNY 107,653,859.42 from CNY 130,473,425.56 at the end of 2020, representing a decline of about 17.4%[30]. - The company's trading financial assets increased to CNY 232,199,878.35 from CNY 198,822,086.06, marking an increase of approximately 16.7%[30]. - Accounts receivable rose to CNY 181,998.05 from CNY 27,784.55, showing a significant increase of over 555%[30]. - Inventory decreased to CNY 10,760,815.01 from CNY 12,092,619.23, indicating a decline of about 10.9%[30]. Cash Flow - Net cash flow from operating activities improved to CNY -2,420,655.14, a significant reduction from CNY -4,982,738.29 in the previous year[7]. - Cash flow from operating activities decreased by 36.54% to ¥6,118,468.61 from ¥9,641,674.81, primarily due to reduced raw material expenditures[15]. - The company reported a net cash outflow from operating activities of CNY -2,420,655.14 in Q1 2021, an improvement from CNY -4,982,738.29 in Q1 2020[46]. - Cash and cash equivalents at the end of Q1 2021 were CNY 100,835,729.29, down from CNY 129,131,866.46 at the end of 2020, a decrease of 21.9%[35]. - The total cash inflow from operating activities was 3,645,414.58 RMB in Q1 2021, down from 7,813,609.31 RMB in Q1 2020, reflecting a decrease of approximately 53.4%[50]. Shareholder Information - The number of shareholders reached 12,115 at the end of the reporting period[10]. - The largest shareholder, Shenzhen Derong Investment Development Co., Ltd., holds 17.15% of the shares[10]. - The fourth largest shareholder, Baoshan Yongchang Investment Development (Group) Co., Ltd., holds 6.58% of the shares after a transfer of shares[12]. Legal Matters - There are no significant litigation or arbitration matters reported during the period[22]. - The company received a civil mediation document from the People's Court of Longyang District, Baoshan City, Yunnan Province, regarding a case with document number (2019) Yun 0502 Min Chu 4011, indicating a mediation agreement was reached[23]. - The company has been involved in multiple legal proceedings, including mediation and enforcement actions, indicating ongoing litigation issues[24]. - The company is actively pursuing legal remedies to recover outstanding debts, reflecting a proactive approach to financial management[24]. - The company continues to monitor and report on litigation developments, demonstrating commitment to stakeholder communication[24].