banbao(SH:603398)2021-04-28 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 245,352.14, a decrease of 96.78% year-on-year[12] - Operating income for the period was CNY 77,621,543.18, down 11.67% from the same period last year[12] - Basic earnings per share were CNY 0.01, a decrease of 66.67% compared to the same period last year[12] - Operating profit turned negative at -64,362.52 compared to a profit of 10,206,564.37 in the previous period, attributed to a decrease in accounts receivable and a decline in gross profit margin[21] - Total operating revenue for Q1 2021 was ¥77,621,543.18, a decrease of 11.5% compared to ¥87,876,971.81 in Q1 2020[55] - The net profit for Q1 2021 was CNY 245,352.14, compared to a net loss of CNY 7,613,844.54 in the previous period[57] - The total comprehensive income for Q1 2021 was CNY 245,352.14, compared to a total comprehensive loss of CNY 7,613,844.54 in the previous period[57] - The total profit for Q1 2021 was CNY -716,917.40, an improvement from CNY -2,851,511.22 in the same period last year[61] Cash Flow - Net cash flow from operating activities was CNY 13,027,022.67, an increase of 225.16% compared to the previous year[12] - Net cash flow from operating activities improved to 13,027,022.67 from -10,412,025.22, a change of -225.12% due to a decrease in payments for goods[23] - Total cash inflow from operating activities reached 74,003,772.42 RMB, compared to 54,520,774.11 RMB in the same quarter last year, indicating a year-over-year increase of approximately 35.7%[67] - Cash outflow for operating activities totaled 59,488,323.68 RMB, up from 46,929,745.54 RMB, reflecting a 26.7% increase year-over-year[67] - The company’s cash flow from financing activities showed a recovery with a net increase of 5,285,043.68 RMB compared to a net outflow of -9,519,971.69 RMB in the previous year[66] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,030,056,555.83, a decrease of 0.01% compared to the end of the previous year[12] - Total liabilities amounted to ¥249,677,275.81, down from ¥249,990,866.57 at the end of 2020, reflecting a decrease of about 0.1%[45] - The company's total equity as of March 31, 2021, was ¥780,379,280.02, an increase from ¥780,133,927.88 at the end of 2020, indicating a growth of approximately 0.3%[45] - Total liabilities increased to ¥237,809,929.87 from ¥220,840,030.11, indicating a rise of 7.7%[51] Shareholder Information - The total number of shareholders at the end of the reporting period was 12,169[18] - The largest shareholder, Shantou Bangling Trading Co., Ltd., held 28.33% of the shares, with 37,020,000 shares pledged[18] Government Subsidies and Other Income - The company reported a government subsidy of CNY 186,171.69 included in the current period's profit and loss[15] - Other income surged by 3986.09% from 14,164.19 to 578,762.04, mainly due to an increase in government subsidies received during the reporting period[23] Employee Compensation - Employee compensation payable decreased by 33.27% from 5,206,805.97 to 3,474,260.24, primarily due to the distribution of annual bonuses during the reporting period[21] - The company paid 11,251,939.15 RMB to employees, which is an increase from 7,609,771.05 RMB in the same quarter last year, reflecting a 48.5% rise in employee compensation[67] Credit and Impairment Losses - Credit impairment losses increased by 643.56% from -41,115.49 to -305,716.60 during the reporting period[21] - The company reported a credit impairment loss of CNY 829,820.12 in Q1 2021, significantly higher than CNY 7,622.60 in Q1 2020[60] Management Changes - The company appointed Lin Weizhong as the new Deputy General Manager and Secretary of the Board on January 5, 2021, indicating a strategic move in management[34] Research and Development - Research and development expenses increased to ¥4,218,783.89 in Q1 2021, compared to ¥3,510,585.46 in Q1 2020, reflecting a growth of 20.1%[55] - Research and development expenses for Q1 2021 were CNY 2,223,729.40, slightly down from CNY 2,253,585.99 in Q1 2020[60] Inventory and Accounts Receivable - Accounts receivable decreased to zero from 388,513.15, a change of -100.00% due to the maturity of receivables during the reporting period[21] - Accounts receivable stood at ¥80,360,982.44, slightly down from ¥83,512,471.62 at the end of 2020, indicating a decrease of about 2.6%[40] - Inventory as of March 31, 2021, was ¥194,050,783.20, showing a minor decrease from ¥194,440,181.51 at the end of 2020, a reduction of approximately 0.2%[40]