Financial Performance - Operating revenue for the period was CNY 317,526,836.54, representing a year-on-year increase of 24.41%[6] - Net profit attributable to shareholders was CNY 16,653,839.13, down 46.58% from the same period last year[6] - The weighted average return on equity decreased by 0.81 percentage points to 1.03%[6] - Basic earnings per share were CNY 0.0336, a decrease of 49.32% compared to CNY 0.0663 in the previous year[8] - The net profit after deducting non-recurring gains and losses was CNY 8,208,476.81, down 51.28% year-on-year[6] - The company reported a significant decrease in investment income by 78.93% to ¥504,101.03 from ¥2,392,602.74, mainly due to reduced investments[17] - Net profit for Q1 2021 was CNY 27,314,980.38, compared to a net profit of CNY 28,808,626.56 in Q1 2020, reflecting a decrease of 5.2%[30] - The net profit for Q1 2021 was CNY 629,220.18, down 85.6% from CNY 4,383,883.10 in Q1 2020[35] - The total profit for Q1 2021 was CNY 648,088.85, a decline of 87.5% compared to CNY 5,157,509.53 in Q1 2020[34] Cash Flow - The net cash flow from operating activities was negative CNY 177,177,452.92, an improvement from negative CNY 267,020,220.81 in the previous year[6] - The cash inflow from operating activities was CNY 220,340,003.03 in Q1 2021, compared to CNY 226,917,884.41 in Q1 2020, indicating a decrease of 2.5%[37] - The net cash flow from operating activities for Q1 2021 was -132,372,550.40 RMB, compared to -113,352,653.68 RMB in Q1 2020, indicating a decline of approximately 16.5% year-over-year[41] - The total cash outflow from operating activities was 220,843,555.81 RMB, down from 286,307,413.62 RMB in the previous year, indicating a reduction of approximately 22.9%[41] - The company reported a net increase in cash and cash equivalents of -42,498,066.65 RMB for Q1 2021, compared to -99,573,072.63 RMB in Q1 2020, showing an improvement of about 57.3%[42] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,949,661,765.76, a decrease of 0.70% compared to the end of the previous year[6] - Total assets decreased to ¥2,949,661,765.76 from ¥2,970,465,721.79, reflecting a decline in non-current assets[22] - Current liabilities decreased by 43.50% in accounts payable to ¥103,526,159.79 from ¥183,236,022.07, due to payments for summer order stock[16] - Total liabilities as of March 31, 2021, were CNY 1,345,477,989.47, a decrease from CNY 1,384,518,184.57 at the end of 2020[29] - Shareholders' equity as of March 31, 2021, was CNY 1,184,226,315.39, slightly up from CNY 1,183,597,095.21 at the end of 2020[29] Shareholder Information - The total number of shareholders at the end of the reporting period was 34,031[12] - The largest shareholder, Hong Kong Qibu International Group Co., Ltd., held 192,731,934 shares, accounting for 38.86% of the total shares[12] Operating Costs and Expenses - Operating costs rose by 32.54% to ¥217,225,573.16 compared to ¥163,888,878.89, primarily due to increased revenue[17] - Sales expenses increased by 40.23% to ¥44,315,045.00 from ¥31,601,486.06, mainly due to higher advertising costs[17] - Financial expenses increased by 42.50% to ¥9,533,179.87 from ¥6,690,078.54, attributed to interest accrued on convertible bonds[17] - The company's financial expenses increased to CNY 9,199,859.29 in Q1 2021 from CNY 6,614,472.07 in Q1 2020, representing an increase of 39.9%[34] - The research and development expenses for Q1 2021 were CNY 4,306,787.22, slightly up from CNY 4,294,483.87 in Q1 2020[34] Inventory and Receivables - Total accounts receivable increased by 50.62% to ¥510,433,006.71 from ¥338,896,105.70 due to returns reducing prior period receivables[15] - Accounts receivable decreased to CNY 100,514,554.92 from CNY 328,026,732.20, a significant drop of 69.4%[27] - Inventory increased to CNY 74,550,179.02 from CNY 71,121,588.75, reflecting a growth of 5.4%[27]
ST起步(603557) - 2021 Q1 - 季度财报