Wanlin Logistics(SH:603117)2021-04-29 16:00Financial Performance - Operating revenue for the first quarter was CNY 153,758,787.53, a decline of 25.80% year-on-year[5] - Net profit attributable to shareholders decreased by 68.33% to CNY 4,131,813.64 compared to the same period last year[5] - Basic earnings per share decreased by 50.00% to CNY 0.01[5] - The weighted average return on equity dropped by 0.41 percentage points to 0.17%[5] - Total operating revenue for Q1 2021 was CNY 153,758,787.53, a decrease of 26.0% compared to CNY 207,211,192.76 in Q1 2020[25] - The net profit for Q1 2021 was CNY 12,717,629.05, significantly up from CNY 1,400,220.00 in Q1 2020, representing an increase of 809.4%[29] - The total profit for Q1 2021 reached CNY 9,523,378.43, compared to CNY 1,400,220.00 in the same period last year[29] - The company's operating revenue for Q1 2021 was CNY 23,831,118.38, a decrease of 11.5% compared to CNY 26,786,012.55 in Q1 2020[28] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 455,559,135.17, compared to a net outflow of CNY 300,867,423.22 in the previous year[5] - The net cash flow from operating activities was negative at -¥455,559,135.17, compared to -¥300,867,423.22 in the previous year[13] - In Q1 2021, the cash inflow from operating activities was CNY 995,737,945.26, a decrease of 28% compared to CNY 1,381,731,128.28 in Q1 2020[31] - The cash outflow from operating activities totaled CNY 1,451,297,080.43, down 13.7% from CNY 1,682,598,551.50 in the previous year[31] - The ending cash and cash equivalents balance was CNY 129,617,186.86, significantly lower than CNY 292,738,920.19 at the end of Q1 2020[32] Assets and Liabilities - Total assets decreased by 3.48% to CNY 5,379,674,942.17 compared to the end of the previous year[5] - The company's total liabilities decreased to CNY 2,864,773,974.26 in Q1 2021 from CNY 3,059,358,700.64 in Q4 2020, a decline of 6.4%[21] - Current liabilities totaled CNY 2,673,829,629.44 in Q1 2021, down from CNY 2,866,495,344.79 in Q4 2020, representing a decrease of 6.7%[21] - Non-current liabilities were CNY 190,944,344.82 in Q1 2021, slightly down from CNY 192,863,355.85 in Q4 2020, a decrease of 1.0%[21] - The total assets of the company as of March 31, 2021, were CNY 3,845,230,171.44, down from CNY 4,041,512,204.53 at the end of 2020, a decline of 4.9%[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 25,963[9] - The largest shareholder, Huang Baozhong, holds 11.63% of the shares, with 74,280,427 shares pledged[9] - The company plans to transfer a total of 93,045,057 shares, representing 14.57% of the total share capital, to a new controlling shareholder, changing the actual controller of the company[15] Operating Expenses and Income - Operating expenses decreased by 54.36% to ¥5,560,063.54 from ¥12,181,333.80, as freight costs were reclassified to operating costs[13] - Non-operating income decreased by 54.71% to ¥1,020,529.10 from ¥2,253,348.00, reflecting a significant decline in non-operating income[13] - Income tax expense decreased by 85.07% to ¥732,855.13 from ¥4,907,217.41, due to a decrease in profits[13] - The company reported non-recurring gains of CNY 525,934.88 during the quarter[8] Changes in Financial Position - Cash and cash equivalents decreased by 33.61% to ¥129,617,186.86 from ¥195,245,125.48 due to a reduction in bank deposit balances[12] - Prepayments increased by 45.25% to ¥63,221,812.49 from ¥43,525,811.25, attributed to higher prepayments to Jingjiang Port Group[12] - Contract liabilities decreased by 37.15% to ¥2,210,901.15 from ¥3,526,456.58, due to changes in the balance of advance payments received[12] - Employee compensation payable decreased by 44.04% to ¥13,506,966.28 from ¥24,136,623.82, as a result of significant annual bonus payments[12] - Tax payable decreased by 37.86% to ¥36,936,047.24 from ¥59,435,709.52, due to higher tax payments made during the period[12]