GUIZHOU SANLI(SH:603439)2021-04-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 9.41% to CNY 23,440,996.58 year-on-year[12] - Operating income decreased by 12.36% to CNY 129,155,935.20 compared to the same period last year[12] - Basic earnings per share decreased by 14.29% to CNY 0.06[12] - Gross profit for Q1 2021 was ¥39,961,629.42, down from ¥49,304,582.13 in Q1 2020, indicating a decline in profitability[41] - Net profit for Q1 2021 was ¥28,247,559.38, compared to ¥32,576,932.91 in Q1 2020, reflecting a decrease of approximately 13.5%[41] - Operating profit for Q1 2021 was ¥21,652,743.69, down 33.8% from ¥32,691,138.02 in the same period last year[46] - Net profit for Q1 2021 was ¥19,068,347.67, representing a decline of 26.7% from ¥26,009,967.68 in Q1 2020[46] - The total profit for Q1 2021 was ¥21,282,743.69, down from ¥30,411,360.41 in Q1 2020, reflecting a decrease of 30.5%[46] Assets and Liabilities - Total assets increased by 3.73% to CNY 1,305,721,003.12 compared to the end of the previous year[12] - Total assets as of Q1 2021 were ¥1,297,893,787.61, up from ¥1,257,630,428.87 at the end of 2020[36] - Total liabilities increased to ¥298,010,937.97 in Q1 2021 from ¥276,815,926.90 at the end of 2020[36] - Shareholders' equity rose to ¥999,882,849.64 in Q1 2021 from ¥980,814,501.97 at the end of 2020[36] Cash Flow - Net cash flow from operating activities increased significantly by 432.16% to CNY 28,834,794.90[12] - Operating cash inflows totaled CNY 159,656,840.22, an increase from CNY 136,846,425.52 in the previous year, reflecting a growth of approximately 16.5%[52] - The net cash flow from operating activities was CNY 28,834,794.90, a significant improvement compared to a net outflow of CNY -8,681,071.22 in the same period last year[52] - Cash inflows from investment activities amounted to CNY 190,453,478.56, with a net cash flow from investment activities of CNY 46,973,261.40, contrasting with a net outflow of CNY -38,760.00 previously[52] - The total cash and cash equivalents at the end of the period reached CNY 523,683,798.04, up from CNY 230,895,047.89, marking an increase of approximately 126.6%[54] - The net increase in cash and cash equivalents for the period was CNY 73,633,056.30, a recovery from a decrease of CNY -8,719,831.22 in the previous year[54] Shareholder Information - The number of shareholders at the end of the reporting period was 20,847[16] - The largest shareholder, Zhang Hai, holds 46.32% of the shares, amounting to 188,668,440 shares[16] Expenses and Subsidies - The company received government subsidies amounting to CNY 960,000.00 during the reporting period[14] - Management expenses rose to $9,352,618.20 from $5,534,715.89, an increase of 68.98%[21] - Financial expenses increased by 113.30% to $88,525.76 from -$665,502.72[21] - The company incurred other expenses of ¥370,000.00 in Q1 2021, significantly lower than ¥2,279,777.61 in Q1 2020[46] - The company reported a tax expense of ¥2,214,396.02 for Q1 2021, compared to ¥4,401,392.73 in Q1 2020, indicating a reduction of approximately 49.8%[46] Inventory and Receivables - Accounts receivable financing decreased by 40.69% to CNY 22,683,292.75[18] - Prepayments increased to $11,693,425.26 from $2,697,949.30, a growth of 333.42%[21] - Other receivables rose to $5,507,118.83 from $858,611.62, marking an increase of 541.4%[21] - Inventory increased to $73,578,869.32 from $47,507,666.54, reflecting a growth of 54.88%[21] - Inventory increased significantly to ¥73,578,869.32 in Q1 2021 from ¥47,507,666.54 in Q1 2020, indicating potential stockpiling or slower sales[35] Future Plans - The company plans to conduct technical upgrades in the second quarter to ensure normal sales[21]