Qingdao Victall Railway (SH:605001)2021-04-27 16:00Financial Performance - Operating revenue fell by 61.05% to CNY 99,635,902.28 year-on-year[5] - Net profit attributable to shareholders decreased by 744.99% to CNY -67,090,857.61[5] - Basic earnings per share dropped by 540.00% to CNY -0.22[5] - The weighted average return on net assets decreased by 460.71 basis points to -2.36%[5] - The company's total revenue for Q1 2021 was ¥76,273,763.55, a decrease of approximately 61.1% compared to ¥195,987,918.70 in Q1 2020[31] - The net profit for Q1 2021 was a loss of ¥67,441,159.80, compared to a profit of ¥9,555,548.48 in Q1 2020, indicating a significant decline in profitability[31] - The total profit for Q1 2021 was a loss of ¥67,512,073.08, compared to a profit of ¥10,928,888.45 in Q1 2020[31] Cash Flow - Cash flow from operating activities worsened by 30.67%, resulting in CNY -32,272,508.14[5] - The net cash flow from operating activities was negative CNY 32,272,508.14 in Q1 2021, worsening from negative CNY 24,697,266.41 in Q1 2020[36] - The cash inflow from sales of goods and services of CNY 183,384,350.25 in Q1 2021, down from CNY 268,390,191.13 in Q1 2020, a decrease of approximately 31.7%[36] - The cash outflow for purchasing goods and services was CNY 60,815,321.58 in Q1 2021, significantly lower than CNY 140,825,384.86 in Q1 2020, a decrease of approximately 56.8%[36] - The cash inflow from investment activities totaled CNY 631,947,491.94 in Q1 2021, significantly higher than CNY 182,262.06 in Q1 2020[37] - The net cash flow from investment activities was negative CNY 343,283,618.48 in Q1 2021, compared to negative CNY 81,463,501.69 in Q1 2020[37] - The cash outflow from financing activities was CNY 178,381,535.66 in Q1 2021, compared to CNY 150,589,200.13 in Q1 2020, indicating an increase of approximately 18.5%[37] - The net cash flow from financing activities was negative CNY 178,381,535.66 in Q1 2021, a decline from positive CNY 89,381,703.12 in Q1 2020[37] Assets and Liabilities - Total assets decreased by 3.98% to CNY 4,687,022,635.15 compared to the end of the previous year[5] - Current assets totaled ¥3,211,927,723.21, down from ¥3,416,991,282.51, indicating a decrease of about 6.00%[24] - Total liabilities were reported at ¥1,874,369,561.53, down from ¥2,002,251,039.95, showing a reduction of approximately 6.38%[25] - The company's equity attributable to shareholders decreased to ¥2,808,055,396.03 from ¥2,874,353,374.86, a decline of about 2.29%[25] - Cash and cash equivalents decreased to ¥520,340,350.38 from ¥1,046,223,583.25, a significant drop of approximately 50.24%[24] - The company experienced a 50.26% decrease in cash and cash equivalents, down to ¥520,340,350.38 from ¥1,046,223,583.25[13] - The company's long-term payables decreased by 50.00% to ¥119,700,000.00 from ¥239,400,000.00[13] Shareholder Information - The total number of shareholders reached 23,415[10] - The largest shareholder, Su Qingyan, holds 24.91% of shares, totaling 75,284,558 shares[11] Research and Development - Research and development expenses increased to CNY 14,900,462.95 in Q1 2021, up from CNY 11,582,022.52 in Q1 2020, representing a growth of approximately 28%[30] - The company's research and development expenses for Q1 2021 were ¥7,049,425.65, an increase from ¥6,071,442.76 in Q1 2020[32] Other Financial Metrics - Non-recurring gains and losses totaled CNY 2,974,229.04 for the period[9] - The company reported a significant increase in trading financial assets, which rose by 72.60% to ¥740,000,000.00 from ¥428,727,022.68[13] - The company's accounts receivable decreased by 30.57% to ¥141,961,010.65 from ¥204,458,129.85[13] - The company anticipates a significant decline in cumulative net profit compared to the previous year, primarily due to reduced customer acceptance of goods caused by the pandemic[20]