同庆楼(605108) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue surged by 108.26% to CNY 403,783,177.35 year-on-year[17] - Net profit attributable to shareholders decreased by 17.79% to CNY 31,521,888.87 compared to the same period last year[17] - Basic earnings per share dropped by 38.46% to CNY 0.16 from CNY 0.26 in the same period last year[17] - The company's operating revenue reached ¥403,783,177.35, a 108.26% increase compared to ¥193,887,436.72 in the previous period, attributed to reduced pandemic impact this year[31] - Total operating revenue for Q1 2021 was approximately ¥403.78 million, a significant increase of 108.1% compared to ¥193.89 million in Q1 2020[55] - Net profit for Q1 2021 was approximately ¥31.52 million, a decrease of 17.8% from ¥38.34 million in Q1 2020[58] - The company reported a total profit of approximately ¥41.76 million for Q1 2021, compared to ¥51.47 million in Q1 2020, reflecting a decrease of 19.0%[55] - The company’s total profit for the first quarter of 2021 was CNY 20,800,996.00, down from CNY 59,335,870.43 in the first quarter of 2020, representing a decline of approximately 64.9%[61] Cash Flow and Liquidity - Net cash flow from operating activities improved significantly to CNY 48,619,378.51, compared to a negative cash flow of CNY -2,273,134.16 in the previous year[17] - The total cash received from operating activities was ¥409,713,094.41, a 103.12% increase from ¥201,711,916.79, reflecting recovery from pandemic disruptions[30] - Operating cash flow for the first quarter of 2021 was CNY 48,619,378.51, compared to a negative cash flow of CNY -2,273,134.16 in the first quarter of 2020, indicating a significant improvement[65] - The cash inflow from operating activities totaled CNY 417,734,944.08 in the first quarter of 2021, compared to CNY 202,021,248.24 in the first quarter of 2020, marking an increase of approximately 106.7%[65] - The company reported a net cash outflow from investing activities of CNY -27,195,477.77 in the first quarter of 2021, compared to CNY -41,727,185.20 in the same period of 2020, showing a reduced cash outflow[67] - The total cash and cash equivalents at the end of the first quarter of 2021 was CNY 424,284,190.25, compared to CNY 278,354,293.14 at the end of the first quarter of 2020, an increase of approximately 52.5%[67] Assets and Liabilities - Total assets increased by 17.49% to CNY 2,644,354,980.98 compared to the end of the previous year[17] - Non-current assets totaled CNY 1,488,975,732.98, up from CNY 998,502,134.70, indicating a significant increase of about 49.0%[46] - Current liabilities decreased to CNY 287,554,194.51 from CNY 344,831,763.23, reflecting a reduction of approximately 16.6%[46] - Total liabilities amounted to CNY 791,209,177.40, compared to CNY 344,831,763.23, showing a substantial increase[46] - Owner's equity totaled CNY 1,853,145,803.58, down from CNY 1,905,958,372.48, indicating a decrease of about 2.8%[46] - The company’s total current assets decreased to ¥1,155,379,248.00 from ¥1,252,288,001.01, indicating a reduction in liquidity[41] Expenses - The cost of goods sold was ¥193,941,905.75, reflecting a 126.53% increase from ¥85,615,456.85, also due to last year's pandemic-related shutdowns[31] - Research and development expenses surged by 577.91% to ¥302,965.40 from ¥44,691.39, as last year's expenses were significantly lower due to pandemic impacts[31] - The company's tax expenses increased by 144.30% to ¥43,424,609.70 from ¥17,775,095.78, driven by new store preparations and increased revenue[34] - The company’s management expenses rose by 299.41% to ¥28,089,023.69 from ¥7,032,548.41, again reflecting the low expenses in the previous year due to pandemic-related shutdowns[31] - Sales expenses for Q1 2021 were approximately ¥142.40 million, up 167.0% from ¥53.16 million in Q1 2020[55] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,783[23] - The largest shareholder, Ma'anshan Putian Investment Development Co., Ltd., holds 37.55% of the shares[23] Government Support - The company received government subsidies amounting to CNY 1,327,269.16 related to vocational training and development funds[19] New Standards and Adjustments - The company is adapting to the new leasing standards effective from January 1, 2021, which may impact future financial reporting and cash flow management[69] - The company reported a decrease in retained earnings by $81,828,440.15 due to adjustments related to the new leasing standards[69] - The total assets under the new leasing standard were adjusted to $373,250,552.99 as of January 1, 2021[69] - The company recorded a decrease in accounts payable by $5,348,120.65 following the implementation of the new leasing standard[69] - The company’s total liabilities related to leases were adjusted to $477,839,850.38 as of January 1, 2021[69]