Toly Bread(SH:603866)2021-04-26 16:00Financial Performance - Net profit attributable to shareholders decreased by 16.27% to CNY 162,788,253.06 year-on-year[12] - Operating income slightly increased by 0.31% to CNY 1,326,819,821.26 compared to the same period last year[12] - Basic earnings per share decreased by 18.74% to CNY 0.2398 compared to the same period last year[12] - The weighted average return on net assets decreased by 1.75 percentage points to 3.31%[12] - Net profit for Q1 2021 was CNY 192,528,098.09, down from CNY 232,710,021.68 in Q1 2020, reflecting a decrease of approximately 17.3%[43] - The company's net profit for the first quarter of 2021 was CNY 162,788,253.06, a decrease of 16.3% compared to CNY 194,409,742.62 in the same period of 2020[47] - The total profit for the first quarter was CNY 208,248,474.71, down 16.8% from CNY 250,408,438.74 in the previous year[47] Assets and Liabilities - Total assets increased by 3.16% to CNY 5,864,678,412.02 compared to the end of the previous year[12] - Total assets increased from CNY 5,685,107,101.21 to CNY 5,864,678,412.02, reflecting a growth in both current and non-current assets[26] - Total liabilities rose from CNY 852,319,205.79 to CNY 866,713,110.76, with current liabilities accounting for a significant portion of this increase[33] - The total liabilities as of March 31, 2021, were CNY 329,870,272.87, compared to CNY 305,560,754.81 at the end of 2020, showing an increase of about 7.9%[42] Cash Flow - Net cash flow from operating activities decreased by 10.85% to CNY 175,563,076.02 compared to the previous year[12] - The net cash flow from operating activities for Q1 2021 was ¥175,563,076.02, a decrease of 10.8% compared to ¥196,937,984.14 in Q1 2020[58] - Cash inflow from operating activities totaled ¥1,535,658,471.18, up from ¥1,449,095,445.21 in the same period last year, representing a growth of 5.9%[58] - Cash outflow from operating activities increased to ¥1,360,095,395.16, compared to ¥1,252,157,461.07 in Q1 2020, marking a rise of 8.6%[58] - The net cash flow from investing activities was ¥39,190,522.84, a significant improvement from a negative cash flow of ¥103,107,809.72 in Q1 2020[60] - The total cash and cash equivalents at the end of Q1 2021 stood at ¥979,142,982.08, down from ¥1,170,968,848.33 at the end of Q1 2020, reflecting a decrease of 16.3%[60] Shareholder Information - The total number of shareholders at the end of the reporting period was 21,401[20] - The top shareholder, Wu Xuequn, holds 24.34% of the shares, totaling 165,562,114 shares[20] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 3,342,094.56 during the reporting period[15] - Other income decreased by 44.76% from CNY 6,451,883.39 to CNY 3,564,207.20, mainly due to a reduction in government subsidies received[24] - Non-operating income and expenses totaled CNY 15,349,973.54, reflecting various gains and losses[18] Investment and Financial Expenses - Investment income dropped by 100.00% to CNY 0, as no investment income from financial products was recorded during the period[24] - Financial expenses decreased by 173.82% from CNY 10,267,194.08 to CNY -7,579,076.74, primarily due to the absence of convertible bond interest expenses incurred in the previous period[24] - Fair value changes in investment income increased by 546.60% from CNY 1,235,821.92 to CNY 7,990,881.05, attributed to higher returns from financial products[24] Research and Development - Research and development expenses were CNY 26,638,175.86, a decrease of 22.6% from CNY 34,570,276.82 in the previous year[47] Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[48]