巨星农牧(603477) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue surged by 824.33% to CNY 720,223,378.71 from CNY 77,918,476.05 in the same period last year[4] - Net profit attributable to shareholders reached CNY 231,104,189.75, a significant recovery from a loss of CNY 3,362,370.40 in the previous year[4] - Basic earnings per share increased to CNY 0.49 from a loss of CNY 0.01 in the same period last year[4] - Operating profit for Q1 2021 was ¥240,068,155.67, a turnaround from a loss of ¥3,678,431.39 in Q1 2020[17] - The net profit for Q1 2021 was CNY 1.07 million, compared to a net loss of CNY 0.28 million in Q1 2020[19] - The total profit for Q1 2021 was CNY 1.95 million, compared to a loss of CNY 0.30 million in Q1 2020[19] Cash Flow - Net cash flow from operating activities improved to CNY 73,144,387.68, compared to a negative cash flow of CNY 13,537,501.22 last year[4] - Operating cash inflow for Q1 2021 was CNY 797.50 million, significantly higher than CNY 100.82 million in Q1 2020[21] - Total cash inflow from financing activities was 437,218,483.45, with cash outflow totaling 340,709,042.54, resulting in a net cash flow of 96,509,440.91[23] - Net cash flow from investing activities was -159,378,763.02, indicating significant cash outflows for investments[22] Assets and Liabilities - Total assets increased by 14.04% to CNY 4,898,578,761.17 compared to the end of the previous year[4] - The company's total liabilities increased to approximately CNY 1.95 billion, up from CNY 1.59 billion, representing a growth of about 22.93%[14] - Long-term borrowings rose to approximately CNY 376.83 million from CNY 179.05 million, reflecting an increase of about 110.73%[13][14] - Total liabilities for Q1 2021 were ¥744,182,297.00, an increase from ¥720,788,391.74 in Q1 2020, representing a growth of approximately 3.2%[16] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,648, with significant stakes held by major shareholders[7] - Major shareholder Sichuan Hebang Investment Group holds 27.71% of the shares, indicating strong institutional support[7] Inventory and Receivables - Inventory increased significantly to approximately CNY 1.05 billion, compared to CNY 826.91 million, marking a rise of approximately 27.00%[12] - Accounts receivable decreased to approximately CNY 183.31 million from CNY 194.56 million, showing a decline of about 5.76%[12] - Accounts receivable decreased to ¥118,835,541.12 in Q1 2021 from ¥137,148,391.41 in Q1 2020, a decline of approximately 13.5%[15] Research and Development - Research and development expenses in Q1 2021 amounted to ¥3,535,688.82, up from ¥876,442.96 in Q1 2020, reflecting an increase of approximately 303.5%[17] - Research and development expenses increased to CNY 1.04 million in Q1 2021 from CNY 0.88 million in Q1 2020, reflecting a focus on innovation[19] Government Support and Risk Management - Government subsidies recognized in the current period amounted to CNY 1,244,908.83, contributing positively to the financial results[5] - The company reported a gain of CNY 5,365,127.50 from futures trading, indicating effective risk management strategies[5] Changes in Accounting Standards - The company adopted new accounting standards effective January 1, 2021, impacting various financial statement items[30] - The company is implementing new leasing standards effective from January 1, 2021, which may impact future financial reporting[35]