Western Region Gold (SH:601069)2021-04-20 16:00Financial Performance - Operating revenue for the period was ¥1,216,404,460.49, representing a significant increase of 78.84% year-on-year[12] - Net profit attributable to shareholders was -¥22,979,928.34, an improvement from -¥54,312,256.57 in the same period last year[12] - The total operating revenue for Q1 2021 was CNY 1,216,404,460.49, a significant increase from CNY 680,172,580.71 in Q1 2020, representing a growth of approximately 79.5%[47] - The net profit for Q1 2021 was a loss of CNY 22,979,928.34, an improvement from a loss of CNY 54,312,256.57 in Q1 2020, reflecting a reduction in losses of approximately 57.7%[49] - The operating profit for Q1 2021 was reported at a loss of CNY 22,553,758.92, compared to a loss of CNY 51,241,521.17 in Q1 2020, showing a decrease in losses of about 56.0%[47] Cash Flow - The net cash flow from operating activities was -¥211,355,032.99, a decrease compared to -¥185,973,427.92 in the previous year[12] - The net cash flow from operating activities decreased by 25,381,605.07 yuan year-on-year, due to increased cash outflows for purchasing goods and services[28] - Cash flow from operating activities for Q1 2021 was -211,355,032.99 CNY, compared to -185,973,427.92 CNY in Q1 2020, reflecting a decline of approximately 13.7%[55] - Cash outflow for purchasing goods and services in Q1 2021 was 1,312,553,687.87 CNY, compared to 792,819,229.34 CNY in Q1 2020, which is an increase of approximately 65.6%[55] - The net cash flow from financing activities for Q1 2021 was 105,324,748.93 CNY, down from 244,691,050.70 CNY in Q1 2020, reflecting a decrease of about 56.9%[57] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,754,537,581.72, an increase of 1.05% compared to the end of the previous year[12] - Total liabilities rose to ¥1,002,530,456.89 from ¥952,102,412.09, an increase of approximately 5.3%[37] - Current assets increased to ¥930,093,855.27 as of March 31, 2021, up from ¥883,076,329.95 on December 31, 2020, representing a growth of approximately 5.7%[32] - The company's total equity decreased to ¥1,752,007,124.83 from ¥1,773,766,274.08, a decline of approximately 1.2%[37] - The total liabilities as of the reporting date were CNY 946,219,741.25, an increase from CNY 915,870,025.72 in the previous period[47] Inventory and Sales - The company experienced an increase in gold sales volume and prices, contributing to the rise in operating revenue[15] - Inventory increased by 47.99% compared to the beginning of the year, mainly due to the purchase of high-quality gold during the reporting period[25] - Operating costs increased by 81.28% year-on-year, primarily due to the increased sales volume of purchased gold[23] - Other income rose by 182.47% year-on-year, mainly due to an increase in the amortization of government subsidies related to assets[28] Shareholder Information - The total number of shareholders at the end of the reporting period was 55,008, with the largest shareholder holding 66.55% of the shares[19] - The company's total equity attributable to shareholders reached CNY 1,773,766,274.08[68] Research and Development - Research and development expenses doubled compared to the same period last year, reflecting increased investment in R&D projects[25] - Research and development expenses for Q1 2021 totaled CNY 4,210,537.52, with no prior year data available for comparison[47] Government Support - The company received government subsidies amounting to ¥706,662.44, which were closely related to its normal business operations[15] Financial Ratios - The weighted average return on net assets was -1.30%, an improvement from -3.23% year-on-year[12] - The basic earnings per share for Q1 2021 was reported at -0.0361, an improvement from -0.0854 in Q1 2020[49]