QIANHE(SH:603027)2021-04-21 16:00Financial Performance - Operating income rose by 32.91% to CNY 477,648,276.60 year-on-year, driven by growth in condiment sales[21] - Net profit attributable to shareholders decreased by 43.34% to CNY 39,887,817.49, primarily due to increased advertising and promotional expenses[21] - Basic earnings per share fell by 60.36% to CNY 0.0599, mainly due to an increase in share capital[21] - The weighted average return on net assets decreased by 2.24 percentage points to 2.08%[21] - Total revenue for Q1 2021 reached ¥477,648,276.60, a 32.9% increase from ¥359,375,317.94 in Q1 2020[52] - Net profit for Q1 2021 was ¥39,887,817.49, down 43.4% from ¥70,396,189.07 in Q1 2020[56] - The total comprehensive income for Q1 2021 was CNY 35.50 million, a decrease of 47.9% from CNY 68.15 million in Q1 2020[64] Cash Flow - Net cash flow from operating activities decreased by 87.33% to CNY 10,808,373.69, attributed to higher payments for raw materials and advertising[21] - Cash flow from operating activities for Q1 2021 was CNY 10.81 million, a significant decrease from CNY 85.32 million in Q1 2020[64] - The net cash flow from operating activities for Q1 2021 was $16.59 million, a decrease of 82.3% compared to $93.35 million in Q1 2020[71] - The company received cash from operating activities totaling CNY 533.41 million in Q1 2021, compared to CNY 420.49 million in Q1 2020[64] Assets and Liabilities - Total assets increased by 1.95% to CNY 2,228,202,094.76 compared to the end of the previous year[18] - The company's current assets totaled CNY 1,054,809,737.12, slightly down from CNY 1,061,701,171.11 year-over-year[41] - The total liabilities of the company were CNY 290,006,968.29, up from CNY 287,583,201.48, indicating a slight increase of 0.5%[44] - The equity attributable to shareholders reached CNY 1,938,195,126.47, compared to CNY 1,897,911,349.00, showing an increase of approximately 2.1%[46] Investments and Expenses - Research and development expenses surged by 172.00% to ¥14,405,514.27, reflecting increased investment in condiment research and product development[30] - Sales expenses increased by 66.15% to ¥122,705,923.58, mainly due to higher promotional and advertising costs[30] - The company reported a 428.34% increase in investment income to ¥4,579,220.68, attributed to higher returns from financial products[30] - The company invested approximately $180 million in cash for investments in Q1 2021, down from $354.89 million in Q1 2020, reflecting a decrease of about 49.3%[71] Shareholder Information - The number of shareholders reached 62,456 by the end of the reporting period[24] - The top shareholder, Wu Chaoqun, holds 37.09% of the shares, totaling 246,917,280 shares[24] Government Support - The company received government subsidies amounting to CNY 141,708.03, which are closely related to its normal business operations[22] Inventory and Receivables - Inventory increased to CNY 448,900,204.82 from CNY 395,049,175.42, reflecting a growth of approximately 13.6%[41] - Accounts receivable rose to CNY 131,411,456.65, compared to CNY 124,069,455.07, marking an increase of about 5.4%[41]