Grace(SH:603256)2021-04-27 16:00Financial Performance - Operating revenue for the period was CNY 190,445,391.75, representing an increase of 28.61% year-on-year[12] - Net profit attributable to shareholders of the listed company was CNY 29,978,450.19, up 6.03% from the same period last year[12] - The net profit after deducting non-recurring gains and losses was CNY 28,311,507.31, an increase of 15.37% year-on-year[12] - The weighted average return on net assets increased by 0.05 percentage points to 2.01%[12] - Total operating revenue for Q1 2021 was 190,445,391.75, up from 148,079,963.47 in Q1 2020, representing a growth of approximately 28.6%[47] - Net profit for Q1 2021 was 29,978,450.19, compared to 28,274,037.56 in Q1 2020, indicating an increase of approximately 6.0%[49] - The total profit for Q1 2021 was 37,673,907.70, compared to 34,125,735.43 in Q1 2020, reflecting an increase of about 7.4%[49] - The total comprehensive income amounted to CNY 41,948,805.11, compared to CNY 31,003,238.13 in the previous year[54] Cash Flow - Net cash flow from operating activities was negative CNY 12,687,517.56, a decline of 165.70% compared to the previous year[12] - Cash inflows from operating activities totaled CNY 124,893,705.45, down from CNY 175,055,697.65 year-over-year[58] - The net cash flow from operating activities was negative at CNY -12,687,517.56, contrasting with a positive CNY 19,309,851.34 in the same period last year[58] - Cash outflows from investing activities reached CNY 346,317,955.51, compared to CNY 441,645,483.32 in the previous year[58] - The net cash flow from investing activities was CNY -344,673,852.63, compared to CNY -51,168,956.99 in the previous year[58] - Cash flow from financing activities showed a net outflow of -$833,787.14, a decrease from a net inflow of $41.27 million in the previous period[62] - Cash flow from operating activities was not detailed, but the overall cash and cash equivalents decreased by $393.98 million during the period[62] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,209,165,104.45, a decrease of 0.56% compared to the end of the previous year[12] - Total liabilities decreased from 742,208,124.07 to 699,890,407.82, a reduction of approximately 5.5%[41] - Total equity attributable to shareholders increased from 1,479,298,383.72 to 1,509,274,696.63, reflecting a growth of about 2.0%[41] - Current assets decreased from 1,110,541,191.86 to 926,507,033.11, a decline of approximately 16.5%[41] - Non-current assets increased from 617,487,526.44 to 870,949,813.96, representing an increase of about 40.9%[41] - The total assets rose from 1,728,028,718.30 to 1,797,456,847.07, an increase of approximately 4.0%[41] - The company's cash and cash equivalents decreased from 624,802,326.60 to 230,818,066.57, a decline of about 63.0%[41] - Accounts receivable increased from 193,135,424.85 to 226,085,616.16, reflecting a growth of approximately 17.1%[41] Shareholder Information - The total number of shareholders at the end of the reporting period was 25,284[20] - The largest shareholder, Far East International Limited, held 75.01% of the shares[20] Expenses - Operating costs rose by 34.64% to ¥121,893,117.90 due to increased sales revenue[25] - Financial expenses surged by 109.01% to ¥2,548,319.65, primarily due to increased bank interest expenses[25] - The company reported a 31.51% increase in income tax expenses to ¥7,695,457.51, driven by increased profits[28] - Research and development expenses for Q1 2021 were 6,333,693.95, slightly down from 6,468,965.84 in Q1 2020, a decrease of about 2.1%[47] Other Income and Gains - Government subsidies recognized in the current period amounted to CNY 1,319,766.16[15] - Other income increased by 51.05% to ¥2,163,394.43, attributed to government subsidies and sales of scrap[25] - The company reported investment income of 2,969,652.78 for Q1 2021[47] Miscellaneous - The company reported a loss of CNY 22,250.82 from the disposal of fixed assets[15] - The company reported a total of 311,225.13 in lease liabilities, indicating ongoing commitments[43] - The company did not apply the new leasing standards retroactively, indicating a stable accounting approach[62] - There were no significant changes in the audit report status, as it was marked as not applicable[62]