OBM(SH:603729)2021-04-29 16:00Financial Performance - Net profit attributable to shareholders increased by 81.78% year-on-year, amounting to CNY 7,585,735.07[5] - Operating cash flow net amount for the period was CNY 76,230,797.19, representing a significant increase of 227.78% compared to the same period last year[5] - Basic earnings per share doubled to CNY 0.08, up 100% from CNY 0.04 in the same period last year[5] - Operating profit increased by 73.09% to ¥704.64 million, attributed to enhanced cost management and reduced unnecessary expenses[10] - The company reported non-recurring gains of CNY 40,424.99 for the period[8] - The company reported an investment income of CNY 7,382,093.03 for Q1 2021, up from CNY 6,646,118.98 in Q1 2020[23] Revenue and Costs - Revenue for the reporting period was CNY 173,503,073.33, a decrease of 3.94% year-on-year[5] - Total operating costs for Q1 2021 were CNY 176,516,120.30, down 4.8% from CNY 185,463,244.88 in Q1 2020[22] - Sales expenses grew by 37.30% to ¥446.43 million as the company intensified efforts to expand sales operations[10] - Other income rose by 170.69% to ¥160.44 million, primarily from increased VAT deductions[10] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,054,063,386.50, a 0.53% increase compared to the end of the previous year[5] - Total assets as of March 31, 2021, amounted to CNY 1,209,893,085.02, up from CNY 1,176,453,296.61 at the end of 2020[20] - Total liabilities as of March 31, 2021, were CNY 283,927,241.08, an increase from CNY 259,832,350.08 at the end of 2020[20] - The company executed new leasing standards, resulting in the recognition of lease liabilities of ¥4,293,031.22[15] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,143[9] - The largest shareholder, Duan Peizhang, holds 24.74% of the shares, totaling 23,094,300 shares[9] Cash Flow - Cash flow per share from operating activities was CNY 0.82, an increase of 228.00% compared to CNY 0.25 in the previous year[5] - Net cash flow from operating activities surged by 227.78% to ¥7,623.08 million, driven by improved collection of receivables[11] - The ending cash and cash equivalents balance for Q1 2021 was $112.50 million, up from $92.86 million in Q1 2020, representing a growth of 21%[34] - Cash inflow from operating activities for Q1 2021 was $211.59 million, a decrease of 40% compared to $353.53 million in Q1 2020[33] Inventory and Receivables - Accounts receivable increased by 501.66% to ¥3,620,810.42 due to customer bill settlements during the reporting period[10] - Inventory rose by 44.19% to ¥5,898,777.86 as a result of increased procurement by the newly established wine company[10] - Accounts receivable rose to CNY 191,739,259.03 from CNY 182,684,471.07, indicating an increase of 5.8%[19] Employee Compensation - The company reported a 99.78% decrease in employee compensation payable to ¥4,729.72 due to the payment of deferred social security contributions from the previous year[11] - The company’s cash outflow for employee payments increased to $13.01 million in Q1 2021 from $7.84 million in Q1 2020, reflecting a rise of 66%[33] Management and Expenses - The company incurred a credit impairment loss of ¥727,536.76 in Q1 2021, compared to a gain of ¥1,226,718.63 in Q1 2020[27] - The company reported a decrease in management expenses to ¥7,805,753.82 in Q1 2021 from ¥12,659,734.03 in Q1 2020, reflecting a cost-cutting strategy[26]