丰山集团(603810) - 2021 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 40.12% to CNY 50,375,579.42 year-on-year[8] - Total profit decreased by 39.02% to CNY 60,009,839.28, mainly due to a decline in sales gross margin[13] - Basic earnings per share dropped by 57.43% to CNY 0.43[8] - Net profit for Q1 2021 was CNY 50,375,579.42, a decrease of 40.19% compared to CNY 84,120,583.20 in Q1 2020[28] - Operating profit for Q1 2021 was ¥64.36 million, down 37.47% from ¥102.87 million in Q1 2020[31] - Net profit for Q1 2021 was ¥54.32 million, a decline of 37.00% compared to ¥86.25 million in Q1 2020[31] Revenue and Costs - Operating revenue increased slightly by 0.82% to CNY 454,318,728.70 compared to the same period last year[8] - Total operating revenue for Q1 2021 was CNY 454,318,728.70, a slight increase of 0.15% compared to CNY 450,623,121.84 in Q1 2020[27] - Total operating costs increased to CNY 391,714,150.25, up 13.14% from CNY 346,177,246.22 in the same period last year[27] - The company's operating revenue for Q1 2021 was ¥383.30 million, a decrease of 2.37% compared to ¥393.23 million in Q1 2020[30] Cash Flow and Liquidity - Cash flow from operating activities showed a significant decline of 165.98%, resulting in a net outflow of CNY 47,489,648.54[8] - The cash flow from operating activities showed a net outflow of CNY 47,489,648.54, a decrease of 165.98% compared to the previous year[15] - Cash flow from operating activities reflects the company's ability to generate cash from its core business operations[39] - The company maintained a healthy cash position, which is crucial for future investments and operational stability[39] - The company reported a significant increase in cash and cash equivalents, indicating strong liquidity management[39] Assets and Liabilities - Total assets increased by 4.02% to CNY 2,077,228,615.85 compared to the end of the previous year[8] - The total current liabilities decreased by 32.24% to CNY 35,692,550.68, primarily due to a reduction in advance payments from customers[14] - The accounts payable decreased to CNY 160,780,022.09, down from CNY 167,712,860.43, indicating improved cash management[19] - Total liabilities increased to CNY 606,451,824.02, up 3.41% from CNY 586,582,585.19[23] Shareholder Information - The number of shareholders reached 12,056 at the end of the reporting period[10] Tax and Refunds - The company received tax refunds amounting to CNY 13,054,941.72, representing a 251.15% increase year-on-year due to increased export tax rebates[14] - The company received ¥13.05 million in tax refunds during Q1 2021, compared to ¥3.72 million in Q1 2020, showing improved cash flow management[35] Research and Development - The company reported a significant increase in research and development expenses to CNY 10,130,613.97, up from CNY 9,284,010.12, reflecting a focus on innovation[27] - Research and development expenses increased to ¥10.08 million in Q1 2021, compared to ¥9.31 million in Q1 2020, reflecting a focus on innovation[30] Other Financial Metrics - The weighted average return on net assets decreased by 3.66 percentage points to 3.69%[8] - Sales expenses decreased by 38.41% to CNY 9,481,025.26, attributed to the reclassification of shipping and export fees[13] - The company reported a significant increase in other current liabilities, which rose by 70.72% to CNY 86,641,854.16, attributed to increased provisions for sales of formulation products[14] - The deferred income tax liabilities increased by 70.42% to CNY 2,161,944.95, primarily due to an increase in estimated return costs for new formulation sales[14] Cash Management - The cash paid for purchasing goods and services was CNY 195,214,883.51, a 79.56% increase compared to the previous year, mainly due to the payment of matured bank drafts[15] - The company’s cash and cash equivalents decreased to CNY 415,694,343.10 from CNY 644,221,917.06, indicating a liquidity contraction[17] Financial Reporting - The financial report did not include any audit report, indicating that the financials were not subject to external audit scrutiny[40] - The company did not apply the new lease accounting standards for the first quarter of 2021[40]