今创集团(603680) - 2021 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2021 reached RMB 967.55 million, an increase of 21.29% compared to the same period last year[14] - Net profit attributable to shareholders was RMB 80.28 million, representing a year-on-year growth of 8.39%[14] - Net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 69.59 million, up 56.20% year-on-year[14] - Basic and diluted earnings per share were both RMB 0.10, an increase of 11.11% year-on-year[14] - Operating profit for Q1 2021 was ¥89,100,320.15, up from ¥71,788,121.68 in Q1 2020, reflecting a growth of 24.1%[60] - Net profit attributable to shareholders for Q1 2021 was ¥80,283,743.11, compared to ¥74,069,186.33 in Q1 2020, representing an increase of 8.9%[60] - The net profit for Q1 2021 was CNY 126,358,866.19, representing an increase of 55.55% from CNY 81,248,333.43 in Q1 2020[66] - The total comprehensive income for Q1 2021 was CNY 126,358,866.19, compared to CNY 81,248,333.43 in the same period last year[66] Cash Flow - The net cash flow from operating activities was RMB -246.24 million, compared to RMB -43.09 million in the same period last year[14] - The cash flow from operating activities for Q1 2021 showed a net outflow of CNY -246,235,276.11, compared to CNY -43,090,413.62 in Q1 2020[70] - The company reported an investment cash inflow of CNY 352,956,941.72 in Q1 2021, down from CNY 1,086,080,172.35 in Q1 2020[70] - The financing cash flow for Q1 2021 resulted in a net outflow of CNY -151,833,047.04, compared to CNY -39,724,103.12 in Q1 2020[70] - The net cash flow from operating activities was -$203.72 million, a significant decrease compared to -$45.02 million in the previous period, indicating a worsening cash flow situation[75] - Total cash inflow from investment activities was $279.85 million, down from $1.09 billion, while cash outflow was $447.50 million, leading to a net cash flow of -$167.64 million compared to $76.74 million previously[75] - Cash inflow from financing activities was $671.32 million, a decrease from $1.92 billion, with cash outflow totaling $809.53 million, resulting in a net cash flow of -$138.21 million compared to -$55.94 million last period[75] Assets and Liabilities - The company's total assets at the end of the reporting period were RMB 8.99 billion, a decrease of 1.01% from the end of the previous year[14] - Total assets decreased to ¥6,988,808,814.36 from ¥7,158,013,192.79, a decline of 2.4%[55] - Total liabilities decreased to ¥2,747,432,059.40 from ¥3,047,975,883.91, a reduction of 9.8%[55] - Total liabilities decreased from RMB 4,568,910,362.90 to RMB 4,400,637,545.28, a reduction of about 3.69%[46] - The total liabilities were approximately $4.57 billion, with current liabilities at $3.38 billion and non-current liabilities at $1.19 billion[81] - The company's total current assets reached ¥4,687,672,120.58[89] - The total non-current assets of the company were ¥2,470,341,072.21[89] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,792[18] - Major shareholders include Yu Jinkun and Ge Jianming, holding 29.51% and 28.36% of shares respectively[18] - The company's total shareholder control is 66.35% by the two major shareholders[25] - The company's equity attributable to shareholders increased from RMB 4,516,088,068.31 to RMB 4,595,432,299.82, reflecting an increase of approximately 1.93%[48] - The total equity attributable to shareholders was ¥4,110,037,308.88[92] Expenses - Sales expenses increased by 86.65% to ¥75,038,403.02 from ¥40,201,800.04[31] - Financial expenses decreased significantly to ¥7,661,468.18 from ¥48,715,650.11, a reduction of 84.3%[56] - Research and development expenses for Q1 2021 were ¥41,335,117.27, up from ¥38,128,241.37 in Q1 2020, indicating a growth of 5.8%[56] - The company incurred research and development expenses of CNY 25,902,973.34 in Q1 2021, slightly up from CNY 25,218,349.47 in Q1 2020[64] Inventory and Receivables - The company reported a significant increase in accounts receivable, leading to higher credit impairment losses[31] - Accounts receivable increased from RMB 2,253,891,884.09 to RMB 2,635,770,893.81, representing an increase of about 16.93%[46] - Inventory rose from RMB 1,603,042,436.02 to RMB 1,661,981,242.45, marking an increase of approximately 3.65%[46] - The company's inventory stood at approximately $1.60 billion, reflecting the need for better inventory management[78] Other Financial Metrics - The weighted average return on equity was 1.76%, a decrease of 0.01 percentage points compared to the previous year[14] - Deferred income tax assets increased from RMB 89,251,493.16 to RMB 104,918,707.63, representing an increase of approximately 17.67%[46] - The company recognized "right-of-use assets" and "lease liabilities" of ¥54,157,273.81 due to the implementation of the new leasing standard[85] - The company's retained earnings stood at ¥1,340,263,906.65[92]