Yuancheng(SH:603388)2021-04-26 16:00Financial Performance - Operating revenue for the current period was ¥88,699,064.38, a decrease of 1.39% compared to ¥89,947,209.50 in the same period last year [6]. - Net profit attributable to shareholders of the listed company was -¥5,846,086.98, compared to -¥57,273.38 in the previous year, indicating a significant loss [6]. - Basic and diluted earnings per share decreased by 73.81%, from ¥0.0042 to ¥0.0011 [6]. - The company reported a weighted average return on net assets of 0.03%, a decrease of 0.09 percentage points from the previous year [6]. - Net profit for Q1 2021 was ¥321,374.74, a significant decline of 73.5% from ¥1,210,135.29 in Q1 2020 [24]. - The net profit for Q1 2021 was CNY 5,198,210.52, down from CNY 6,252,761.90 in Q1 2020, representing a decline of approximately 16.9% [26]. - Operating revenue for Q1 2021 was CNY 83,396,478.41, compared to CNY 88,865,544.54 in Q1 2020, indicating a decrease of about 6.6% [25]. - The operating profit for Q1 2021 was CNY 5,763,168.86, down from CNY 6,341,898.59 in Q1 2020, reflecting a decline of approximately 9.1% [26]. Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥113,226,917.82 from -¥129,143,482.70 year-on-year [6]. - Cash and cash equivalents decreased by 71.63% to ¥40,458,925.08 from ¥142,605,265.64 due to significant payments made at the beginning of the year [13]. - The company reported a significant increase in cash inflow from operating activities, which is a positive indicator for future growth and stability [31]. - The total operating cash inflow for Q1 2021 was CNY 168,012,637.36, slightly down from CNY 170,483,060.68 in Q1 2020 [28]. - Cash outflow from investing activities was 334,433.00 RMB, significantly reduced from 1,160,000.00 RMB in Q1 2020, showing a decrease of approximately 71% [32]. - Cash inflow from financing activities increased to 143,790,277.77 RMB, up from 110,650,000.00 RMB in Q1 2020, marking a 30% increase [32]. - The ending cash and cash equivalents balance was 23,734,364.48 RMB, up from 19,547,941.75 RMB in Q1 2020, representing a 21.3% increase [32]. Assets and Liabilities - Total assets decreased by 3.40% from the end of the previous year, amounting to ¥2,924,891,338.99 [6]. - Total assets decreased to ¥2,924,891,338.99 from ¥3,027,866,277.67, reflecting a reduction in both current and non-current assets [18]. - Total liabilities decreased to ¥1,800,341,986.22 from ¥1,903,661,233.79, primarily due to the payment of accounts payable [18]. - Total current assets decreased to ¥2,093,988,475.02 from ¥2,227,382,859.43, indicating a decline of 6% [21]. - Total liabilities decreased to ¥1,934,665,076.77 from ¥2,039,977,630.79, a reduction of 5.2% [21]. - Total liabilities decreased to 1,903,661,233.79 RMB from 1,944,786,783.22 RMB, indicating a reduction of approximately 2.1% [36]. Shareholder Information - The total number of shareholders at the end of the reporting period was 9,221 [11]. - The largest shareholder, Zhu Changren, holds 35.21% of the shares, with 81,960,004 shares pledged [11]. - Shareholders' equity increased slightly to ¥1,124,549,352.77 from ¥1,124,205,043.88, indicating stable retained earnings [18]. - The total equity attributable to the parent company was CNY 1,086,158,823.80 as of March 31, 2021 [37]. Expenses and Investments - Management expenses increased by 34.01% to ¥12,488,301.55 from ¥9,318,930.31, attributed to higher routine management costs [14]. - Financial expenses decreased by 48.71% to ¥4,991,551.58 from ¥9,732,897.85, mainly due to reduced financing costs from delayed project payments [14]. - Investment income surged by 669.58% to ¥1,306,533.15 from ¥169,772.89, driven by increased interest income from PPP project advances [14]. - The company reported a decrease in research and development expenses to ¥5,263,694.78 from ¥6,906,936.79, a reduction of 23.7% [23]. - Research and development expenses for Q1 2021 were CNY 4,394,936.16, a decrease from CNY 5,934,900.75 in Q1 2020, showing a reduction of about 25.9% [25]. Other Information - The company has not disclosed any new product developments or market expansion strategies in this report [6]. - The company has implemented new leasing standards affecting the financial statements as of January 1, 2021 [37].