新华文轩(601811) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 1,953,278,246.59, representing a growth of 31.25% year-on-year[5] - Net profit attributable to shareholders was CNY 156,421,466.70, a slight increase of 0.12% compared to the same period last year[5] - Basic earnings per share remained stable at CNY 0.13, unchanged from the previous year[5] - The company's operating revenue for Q1 2021 reached ¥1,953,278,246.59, representing a 31.25% increase compared to ¥1,488,264,946.40 in Q1 2020, driven by growth in mass publishing, reading services, and education services[12] - Net profit for Q1 2021 reached CNY 158,051,542.20, compared to CNY 151,874,836.51 in Q1 2020, reflecting a growth of 4.3%[24] - The total comprehensive income for Q1 2021 was CNY 152,992,214.55, compared to a loss of CNY 137,501,967.84 in Q1 2020[26] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 17,104,997,974.56, an increase of 0.80% compared to the end of the previous year[5] - Current assets totaled CNY 10,220,234,364.38, compared to CNY 9,969,754,834.05 in the previous period, reflecting a growth of approximately 2.5%[18] - Total liabilities decreased slightly to CNY 6,855,193,629.54 from CNY 6,940,685,993.24, a reduction of about 1.2%[19] - The total liabilities under contract increased by 32.68% to ¥587,557,469.66 from ¥442,825,006.30, indicating a growing commitment to future service delivery[11] - The company's equity attributable to shareholders increased to CNY 10,356,868,732.75 from CNY 10,136,844,480.57, marking an increase of approximately 2.2%[19] Cash Flow - Net cash flow from operating activities was negative at CNY -33,296,604.26, a decrease of 255.76% compared to the previous year[5] - Cash flow from operating activities showed a net outflow of CNY 33,296,604.26 in Q1 2021, a decline from a net inflow of CNY 21,376,495.19 in Q1 2020[27] - Cash outflow for purchasing fixed assets and intangible assets increased by 145.62% to ¥37,328,277.96, driven by higher investments in transportation equipment[15] - The total cash outflow from operating activities was $1,289,794,464.83, compared to $891,243,749.40 in the previous year[29] Shareholder Information - The number of shareholders at the end of the reporting period was 23,656[8] - The largest shareholder, Sichuan Xinhua Publishing Distribution Group Co., Ltd., held 51.10% of the shares[8] Expenses - The company's management expenses rose to ¥277,807,061.03, a 32.53% increase from ¥209,613,177.61, mainly due to higher labor costs and fixed asset depreciation[13] - The company reported a decrease in financial expenses, with interest expenses at CNY 7,220,385.25 in Q1 2021 compared to CNY 6,605,906.25 in Q1 2020[25] Investments - The cash outflow for investments surged by 183.04% to ¥617,142,864.83, largely due to increased purchases of bank wealth management products and an investment of ¥317 million in Hainan Phoenix Xinhua Publishing[15] - The net investment income decreased significantly to -¥10,979,982.47 from ¥10,171,429.16, reflecting a decline in returns from equity investments[13] Tax and Policy - The company continues to enjoy VAT preferential policies until December 31, 2023, which includes a 100% refund and 50% refund policy for the publishing sector[6]