Ribo Fashion(SH:603196)2021-04-25 16:00Financial Performance - Operating income for the period was CNY 220,080,864.24, representing a growth of 35.71% year-on-year[5] - Net profit attributable to shareholders was CNY 15,152,984.36, a significant recovery from a loss of CNY 16,977,955.39 in the same period last year[5] - Basic and diluted earnings per share were CNY 0.0648, recovering from a loss of CNY 0.0686 per share in the same period last year[5] - Total operating revenue for Q1 2021 reached ¥220,080,864.24, a 35.7% increase from ¥162,170,773.86 in Q1 2020[23] - The company's operating revenue for Q1 2021 was CNY 129,536,379.62, an increase of 22.4% compared to CNY 105,829,803.88 in Q1 2020[26] - The net profit for Q1 2021 was CNY 15,629,318.30, a significant recovery from a net loss of CNY 19,252,488.19 in Q1 2020[25] - The total profit for Q1 2021 was CNY 20,829,998.03, reversing from a total loss of CNY 22,569,261.20 in Q1 2020[24] Cash Flow - Cash flow from operating activities increased by 149.70% to CNY 38,522,156.54 compared to CNY 15,427,546.21 in the previous year[5] - The net cash flow from operating activities for Q1 2021 was RMB 38,522,156.54, up from RMB 15,427,546.21 in Q1 2020, representing a 150.1% increase[30] - The company generated cash inflow from operating activities amounting to RMB 274,838,158.55, a 59.2% increase compared to RMB 172,726,997.68 in Q1 2020[30] - The company reported cash outflow from investing activities totaling RMB 215,491,541.07 in Q1 2021, compared to RMB 187,797,475.13 in Q1 2020, indicating a 14.8% increase[31] - The net cash flow from investing activities was negative at RMB -34,380,992.83 in Q1 2021, an improvement from RMB -62,933,647.66 in Q1 2020[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,071,325,734.31, a decrease of 1.92% compared to the end of the previous year[5] - Total assets as of March 31, 2021, amounted to ¥1,065,763,213.47, a decrease from ¥1,117,640,211.94 at the end of 2020[19] - Total liabilities as of March 31, 2021, were ¥149,205,186.03, down from ¥183,664,141.78 at the end of 2020, indicating a reduction in debt[19] - Total liabilities reached CNY 303,066,475.18, reflecting an increase of CNY 37,112,915.83[38] - Current liabilities totaled CNY 265,953,559.35, which is an increase of CNY 20,575,668.45 from the previous period[38] Shareholder Information - The total number of shareholders at the end of the reporting period was 16,621[9] - The largest shareholder, Shanghai Ribow Investment Holding Co., Ltd., held 52.71% of the shares, with 126,515,000 shares pledged[9] - Shareholders' equity as of March 31, 2021, was ¥916,558,027.44, compared to ¥933,976,070.16 at the end of 2020[20] Operational Efficiency - Cash received from sales and services increased by 59.46% to RMB 271,497,505.98 from RMB 170,260,870.04 in the same period last year[11] - The company reported a significant decrease in other income, down 64.18% to RMB 282,271.89 due to reduced government subsidies[11] - Total operating costs for Q1 2021 were ¥184,661,668.17, compared to ¥164,592,427.73 in Q1 2020, reflecting an increase of 12.2%[23] - Gross profit margin for Q1 2021 was approximately 16.1%, down from 20.5% in Q1 2020[23] - The company's prepayments rose by 71.03% to RMB 31,442,552.52 from RMB 18,383,871.16 year-over-year[10] Research and Development - Research and development expenses for Q1 2021 were ¥5,349,729.69, a decrease from ¥6,505,944.94 in Q1 2020, reflecting a potential shift in investment strategy[23] - The company's research and development expenses decreased to CNY 3,121,060.45 in Q1 2021 from CNY 4,938,638.20 in Q1 2020, reflecting a reduction of approximately 36.8%[26] Other Information - The company has not disclosed any new product or technology developments in this report[5] - There are no significant market expansion or acquisition strategies mentioned in the report[5]