舒华体育(605299) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue increased by 48.20% to CNY 321,806,481.24 year-on-year[6] - Net profit attributable to shareholders rose by 23.62% to CNY 12,735,337.02 compared to the same period last year[6] - Revenue for Q1 2021 reached ¥321.81 million, a 48.20% increase compared to ¥217.14 million in the same period last year, driven by growth in e-commerce and export sales[12] - The company's operating revenue for Q1 2021 was CNY 291,579,405.99, representing an increase of 45% compared to CNY 201,088,438.94 in Q1 2020[26] - The net profit for Q1 2021 was CNY 12,735,337.02, up from CNY 10,301,984.81 in Q1 2020, reflecting a growth of approximately 23.6%[24] - The total profit for Q1 2021 was CNY 17,484,207.38, an increase from CNY 12,840,441.19 in Q1 2020, indicating a growth of approximately 36.3%[22] - Gross profit for Q1 2021 was ¥20,476,358.08, compared to ¥11,812,014.93 in Q1 2020, indicating a growth of 73.4%[22] - The company's operating profit for Q1 2021 was CNY 17,958,499.49, compared to CNY 13,572,457.09 in Q1 2020, reflecting an increase of about 32.5%[22] - The total comprehensive income for Q1 2021 was CNY 12,735,337.02, compared to CNY 10,531,869.28 in Q1 2020, showing an increase of approximately 20.9%[24] Asset and Liability Changes - Total assets decreased by 8.58% to CNY 1,841,572,140.26 compared to the end of the previous year[6] - Total assets decreased to ¥1.84 billion from ¥2.01 billion, with current assets at ¥950.08 million[16] - The company's total assets as of March 31, 2021, amounted to ¥1,594,707,650.76, down from ¥1,758,794,851.64 at the end of 2020[21] - Total liabilities decreased to ¥536.57 million from ¥722.13 million, with current liabilities at ¥464.48 million[17] - The company's total liabilities decreased to ¥472,258,680.67 from ¥639,203,685.07 at the end of 2020, representing a reduction of 26.1%[21] - Cash and cash equivalents decreased by 63.87% to CNY 153,919,595.72 due to repayment of bank loans and purchase of financial products[11] - Cash and cash equivalents were reported at ¥108,969,067.83, down from ¥369,904,730.01 at the end of 2020[19] Cash Flow and Investment Activities - Cash flow from operating activities showed a net outflow of CNY 46,392,281.35, compared to a net outflow of CNY 14,759,596.97 in the previous year[6] - Cash flow from operating activities showed a significant increase of 164.78% to ¥2.63 million, indicating improved cash inflow from government subsidies and guarantees[12] - The net cash flow from operating activities was CNY -46.39 million in Q1 2021, compared to CNY -14.76 million in Q1 2020, indicating a decline in cash flow performance[31] - Total cash outflow from investing activities in Q1 2021 was CNY 114.70 million, significantly higher than CNY 16.78 million in Q1 2020, reflecting increased investment activity[31] - The company plans to invest ¥90 million in financial products during the period, indicating a strategy for capital allocation[12] - The company invested CNY 90 million in Q1 2021, with no comparable investment in Q1 2020, indicating a strategic shift towards expansion[31] Shareholder and Equity Information - The number of shareholders reached 16,537 at the end of the reporting period[9] - The equity attributable to shareholders increased to ¥1,122,448,970.09 from ¥1,119,591,166.57 at the end of 2020[21] - The company reported an increase in undistributed profits to ¥284,015,813.52 from ¥281,158,010.00 at the end of 2020[21] Operational Costs and Expenses - Operating costs increased by 54.79% to ¥238.00 million from ¥153.76 million, reflecting the rise in revenue and associated costs[12] - Tax and additional charges rose by 44.38% to ¥4.88 million, correlating with the increase in revenue[12] - Research and development expenses increased to CNY 7,442,247.58 in Q1 2021, compared to CNY 6,100,426.37 in Q1 2020, marking a rise of about 22%[23] - The company's sales expenses for Q1 2021 were CNY 26,553,510.83, up from CNY 18,655,871.10 in Q1 2020, representing an increase of approximately 42.5%[22] Financial Expenses and Income - Financial expenses decreased significantly by 103.95% to -¥111.16 thousand, due to the repayment of part of the loans and reduced interest expenses[12] - Other income increased by 44.65% to ¥1.36 million, attributed to higher government subsidies received[12] - Investment income of ¥955.46 thousand was recorded, reflecting the collection of funds occupied fees[12] - The company's financial expenses improved significantly, showing a net income of CNY -111,155.59 in Q1 2021, compared to CNY 2,815,229.43 in Q1 2020[22] - The company reported a decrease in credit impairment losses to CNY -1,515,273.05 in Q1 2021 from CNY 3,394,666.49 in Q1 2020, indicating improved asset quality[22]