Bohai Ferry (SH:603167)2021-04-25 16:00Financial Performance - Operating revenue increased by 45.56% to CNY 301,054,065.78 year-on-year[5] - Net profit attributable to shareholders was CNY 36,397,822.35, a significant recovery from a loss of CNY 52,788,084.00 in the same period last year[5] - Basic and diluted earnings per share were both CNY 0.08, recovering from a loss of CNY -0.11 in the same period last year[5] - The company's operating revenue for Q1 2021 was CNY 301,054,065.78, representing a 45.56% increase compared to CNY 206,823,416.71 in Q1 2020, primarily due to the gradual easing of COVID-19 impacts[12] - The net profit attributable to shareholders for Q1 2021 was CNY 36,397,800, a significant recovery from a net loss of CNY 52,788,100 in the same period last year[14] - Total operating revenue for Q1 2021 was ¥301,054,065.78, an increase of 45.5% compared to ¥206,823,416.71 in Q1 2020[26] - Net profit for Q1 2021 was ¥40,823,904.68, a significant recovery from a net loss of ¥50,579,538.18 in Q1 2020[27] - Earnings per share for Q1 2021 was ¥0.08, compared to a loss per share of ¥0.11 in Q1 2020[27] Cash Flow - Cash flow from operating activities turned positive with a net amount of CNY 109,048,046.62, compared to a negative cash flow of CNY -14,824,945.00 in the previous year[5] - The net cash flow from operating activities was CNY 109,048,046.62, a substantial increase of 835.57% compared to a negative cash flow of CNY 14,824,945.00 in Q1 2020, driven by increased revenue[13] - The cash flow from operating activities for Q1 2021 was ¥109,048,046.62, a recovery from a negative cash flow of ¥14,824,945.00 in Q1 2020[33] - The cash inflow from operating activities totaled ¥367,247,193.97 in Q1 2021, a decrease of 64.7% from ¥1,036,944,086.53 in Q1 2020[34] - The cash outflow from operating activities was ¥191,212,490.90 in Q1 2021, down 54.5% from ¥420,810,963.49 in Q1 2020[34] Assets and Liabilities - Total assets decreased by 4.67% to CNY 5,012,604,633.52 compared to the end of the previous year[5] - Current liabilities decreased to ¥791,687,417.38 from ¥1,017,407,771.34, reflecting a reduction of approximately 22.19%[20] - The total liabilities amounted to ¥1,383,499,651.68, down from ¥1,673,163,234.84, which is a decrease of approximately 17.30%[20] - Total liabilities decreased to ¥1,108,845,714.45 as of March 31, 2021, down from ¥1,217,977,053.03 at the end of 2020, a decline of 9.0%[24] - Total assets decreased by 29,056,497.87 RMB, from 4,653,630,604.97 RMB to 4,624,574,107.10 RMB[43] Shareholder Information - The total number of shareholders reached 34,611 by the end of the reporting period[9] - The largest shareholder, Liaoyu Group Co., Ltd., holds 38.74% of the shares, totaling 183,158,705 shares[9] Government Subsidies - The company received government subsidies amounting to CNY 4,520,574.41, which are closely related to its normal business operations[8] Financial Expenses - Financial expenses decreased by 127.84% to -CNY 6,207,924.34 from CNY 22,296,038.23, mainly due to increased foreign exchange gains during the reporting period[13] - The company recorded a financial expense of -¥6,207,924.34 in Q1 2021, a significant improvement compared to ¥22,296,038.23 in Q1 2020[26] Inventory and Receivables - Accounts receivable decreased by 74.50% to CNY 7,001,195.28 from CNY 27,460,524.19, mainly due to the recovery of transportation ticket payments during the reporting period[11] - The company reported a total of ¥12,998,893.54 in inventory, down from ¥14,257,952.79, which is a decrease of approximately 8.84%[23] Future Outlook - The company expects continued growth in production and operations in Q2 2021, with a significant increase in cumulative net profit compared to the same period last year[14] New Standards - The company is implementing new leasing standards starting in 2021, which may impact future financial reporting[35] - The company adopted a new leasing standard effective January 1, 2021, impacting the financial statements[40]