SGP(SH:603586)2021-04-27 16:00Financial Performance - Operating revenue for the current period was CNY 305,424,976.23, representing a decrease of 10.77% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 23,568,729.76, a decline of 193.70% compared to the same period last year[6] - Basic and diluted earnings per share were both CNY -0.12, reflecting a 200.00% decrease from the previous year[6] - The company anticipates a potential decline in cumulative net profit compared to the same period last year due to the impact of exchange rate changes and high raw material costs[16] - Total operating revenue for Q1 2021 was ¥305,424,976.23, a decrease of 10.74% compared to ¥342,291,972.91 in Q1 2020[28] - Net profit for Q1 2021 was a loss of ¥23,567,067.82, compared to a profit of ¥25,147,958.17 in Q1 2020, representing a significant decline[29] - Basic and diluted earnings per share for Q1 2021 were both -¥0.12, compared to ¥0.12 in Q1 2020[30] - The total profit for Q1 2021 was a loss of ¥36,088,620.07, compared to a profit of ¥28,383,155.06 in Q1 2020[29] - The company’s total comprehensive income for Q1 2021 was a loss of ¥23,567,067.82, compared to a profit of ¥25,147,958.17 in Q1 2020[30] Cash Flow - Net cash flow from operating activities decreased by 69.47% to CNY 36,004,192.82[6] - The net cash flow from operating activities decreased by 69.47% from CNY 117,932,316.88 to CNY 36,004,192.82 due to reduced accounts receivable collections[14] - Cash flow from operating activities in Q1 2021 was ¥36,004,192.82, a significant drop of 69.5% compared to ¥117,932,316.88 in Q1 2020[32] - Cash inflow from operating activities totaled ¥341,376,511.47 in Q1 2021, down 22.5% from ¥440,533,217.10 in Q1 2020[32] - Cash outflow from operating activities was ¥305,372,318.65 in Q1 2021, a decrease of 5.3% compared to ¥322,600,900.22 in Q1 2020[32] - The net cash flow from investing activities was -¥234,846,871.26 in Q1 2021, slightly worse than -¥234,584,401.07 in Q1 2020[33] - Cash flow from financing activities generated a net inflow of ¥57,066,327.79 in Q1 2021, compared to a net outflow of -¥34,596,291.90 in Q1 2020[33] - In Q1 2021, the net cash flow from operating activities was ¥23,950,834.06, a decrease of 70.0% compared to ¥79,801,942.14 in Q1 2020[35] - Total cash inflow from operating activities was ¥220,433,815.53, down 22.8% from ¥285,616,506.10 in the same period last year[35] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 2,630,561,625.92, an increase of 0.74% compared to the end of the previous year[6] - The company reported a decrease in net assets attributable to shareholders by 0.71% to CNY 2,153,212,126.49[6] - The total number of shareholders at the end of the reporting period was 15,849[10] - The largest shareholder, Shandong Jinqilin Investment Management Co., Ltd., held 44.52% of the shares[10] - The total current liabilities rose to ¥400,909,850.74 from ¥358,059,134.30, marking an increase of around 11.9%[25] - Total liabilities increased to ¥409,255,725.77 from ¥367,681,134.30, representing a rise of about 11.3%[26] - The company's total equity as of March 31, 2021, was ¥1,774,804,439.10, compared to ¥1,748,631,831.13 at the end of 2020, indicating an increase of approximately 1.5%[26] Expenses - Sales expenses decreased by 50.46% from CNY 25,717,680.53 to CNY 12,740,127.14 due to changes in revenue recognition standards[14] - Research and development expenses increased to ¥15,364,181.71 in Q1 2021, up 20.06% from ¥12,799,481.31 in Q1 2020[28] - Financial expenses turned negative at CNY -7,224,534.45 compared to CNY 1,920,367.66 in the previous year, primarily due to exchange rate fluctuations[14] - The company reported an investment loss of ¥2,380,300.13 in Q1 2021, contrasting with a gain of ¥2,154,144.85 in Q1 2020[28] Investments - Derivative financial assets decreased by 41.09% from CNY 70,579,913.49 to CNY 41,581,129.42 due to fluctuations in the value of futures and forward contracts[13] - Prepayments decreased by 44.73% from CNY 8,294,174.93 to CNY 4,584,405.47 primarily due to invoicing in the current period[13] - Other current assets increased significantly by 1,441.42% from CNY 11,092,450.18 to CNY 170,981,043.92 mainly due to an increase in bank wealth management products[13] - Short-term borrowings increased by 100% to CNY 60,000,000.00 as a result of additional bank loans taken during the period[13]