李子园(605337) - 2021 Q1 - 季度财报

Important Notice Important Notice The company's board of directors, supervisory board, and senior management ensure the truthfulness, accuracy, and completeness of this quarterly report, assuming corresponding legal liabilities, and the report has been reviewed by all directors but is unaudited - The company's board of directors, supervisory board, and all directors and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, with no false statements, misleading representations, or major omissions[4] - This company's Q1 2021 report is unaudited[4] Company Profile Key Financial Data In Q1 2021, the company achieved explosive growth with revenue up 127.30% and net profit attributable to shareholders up 306.77%, driven by a low base effect from the prior year's pandemic and stable business growth, while total assets increased 65.70% primarily due to IPO proceeds 2021 Q1 Key Financial Data | Indicator | Current Period | Prior Year Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | 330,668,838.63 | 145,475,042.11 | 127.30% | | Net Profit Attributable to Shareholders (CNY) | 53,443,442.73 | 13,138,506.78 | 306.77% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (CNY) | 51,721,734.75 | 11,885,316.93 | 335.17% | | Net Cash Flow from Operating Activities (CNY) | 65,051,225.54 | -8,853,519.21 | Not Applicable | | Basic Earnings Per Share (CNY/share) | 0.41 | 0.11 | 272.73% | | Weighted Average Return on Net Assets (%) | 5.42% | 2.52% | Increased by 2.90 percentage points | Balance Sheet End-of-Period Data | Indicator | End of Current Period | End of Prior Year | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets (CNY) | 1,882,239,438.50 | 1,135,931,566.72 | 65.70% | | Net Assets Attributable to Shareholders (CNY) | 1,473,741,897.65 | 729,575,454.92 | 102.00% | - Total non-recurring gains and losses for the period amounted to CNY 1,721,707.98, primarily comprising government subsidies of CNY 2,383,892.32[8][9] Shareholder Information As of the end of the reporting period, the company had 20,255 shareholders, with a highly concentrated equity structure where the top two shareholders, Zhejiang Jinhua Shuidiquan Investment Development Co., Ltd. and Li Guoping (actual controller), collectively hold over 53%, and the top ten shareholders include institutional investors like Maotai Jianxin Investment Fund - As of the end of the reporting period, the company had 20,255 common stock shareholders[11] Top Ten Shareholders' Holdings | Shareholder Name | Number of Shares (shares) | Proportion (%) | | :--- | :--- | :--- | | Zhejiang Jinhua Shuidiquan Investment Development Co., Ltd. | 49,620,000 | 32.05 | | Li Guoping | 33,553,800 | 21.68 | | Wang Xubin | 8,157,000 | 5.27 | | Jinhua Qianxiang Investment Management Partnership | 7,230,000 | 4.67 | | Maotai Jianxin (Guizhou) Investment Fund | 6,589,200 | 4.26 | - Actual controllers Li Guoping and Wang Xubin are a married couple and form a concerted action party through Shuidiquan Investment and Yuchengrui Investment[12] Significant Events Analysis of Significant Changes in Financial Indicators Multiple financial indicators experienced significant changes during the reporting period, with cash and cash equivalents substantially increasing by 246.57% due to IPO proceeds, construction in progress rising 51.42% from ongoing project investments, short-term borrowings decreasing 88.02%, revenue and costs growing significantly, financial expenses decreasing due to increased interest income, and operating cash flow turning positive while financing cash flow surged from IPO proceeds Major Balance Sheet Item Changes | Item | Change Rate (%) | Reason for Change | | :--- | :--- | :--- | | Cash and Cash Equivalents | 246.57 | Primarily due to IPO proceeds received | | Construction in Progress | 51.42 | Primarily due to ongoing investment in Hebi Liziyuan construction project | | Short-term Borrowings | -88.02 | Primarily due to reduction in bank loans | | Capital Reserve | 415.99 | Primarily due to the company's premium issuance of new shares | Major Income Statement Item Changes | Item | Change Rate (%) | Reason for Change | | :--- | :--- | :--- | | Operating Revenue | 127.30 | Lower revenue in the prior year period due to pandemic, stable growth in current period | | Selling Expenses | 85.60 | Increased revenue led to a proportional increase in related expenses and advertising costs | | Financial Expenses | Significant Change | Increased interest income from IPO proceeds accounts and reduced bank loans | | Non-operating Income | 433.15 | Strengthened management, increased penalties for relevant personnel | Major Cash Flow Statement Item Changes | Item | Change Rate (%) | Reason for Change | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | Significant Change | Increased operating revenue led to higher cash received from sales of goods | | Net Cash Flow from Investing Activities | Significant Change | Subsidiaries increased investment in long-term assets | | Net Cash Flow from Financing Activities | Significant Change | Cash received from IPO proceeds | Progress of Significant Events The company is actively advancing its capacity expansion plans, with its wholly-owned subsidiary Zhejiang Longyou Liziyuan proposing to invest approximately CNY 280 million in a new production line project, having signed the land use rights transfer contract in March 2021, laying a foundation for future business growth - The company's wholly-owned subsidiary, Zhejiang Longyou Liziyuan, plans to invest approximately CNY 280 million in a project to construct a 70,000-ton dairy beverage production line and a 240 million-unit HDPE bottle production line[16] - This expansion project was approved by the board of directors on February 26, 2021, and the "State-Owned Construction Land Use Rights Transfer Contract" was officially signed on March 30[16] - This investment uses the company's own funds, aligns with its strategic plan, and is not expected to have a significant impact on the company's financial position or operating results[17] Commitments and Forecasts The company has no unfulfilled commitments overdue in this reporting period and has not issued any warnings regarding potential significant changes in cumulative net profit for the next reporting period - There are no unfulfilled commitments overdue within the reporting period[18] - The company has not forecasted a potential loss or significant change in cumulative net profit from the beginning of the year to the end of the next reporting period compared to the same period last year[18] Appendix Financial Statements This section provides the unaudited consolidated and parent company financial statements for Q1 2021, including the balance sheet, income statement, and cash flow statement, offering detailed data to support the preceding financial analysis Consolidated Balance Sheet Parent Company Balance Sheet Consolidated Income Statement Parent Company Income Statement Consolidated Cash Flow Statement Parent Company Cash Flow Statement Adjustments for New Lease Standards Effective January 1, 2021, the company adopted new lease standards for the first time, adjusting its financial statements at the initial application date (January 1, 2021) by recognizing right-of-use assets and lease liabilities of CNY 572,447.01 each in the consolidated statements, with no impact on owners' equity - The company adopted new lease standards for the first time starting January 1, 2021, and adjusted its opening financial statements accordingly[42] Impact of New Lease Standards on Consolidated Opening Balances | Item | Before Adjustment (2020/12/31) | After Adjustment (2021/1/1) | Adjustment Amount | | :--- | :--- | :--- | :--- | | Right-of-Use Assets | 0 | 572,447.01 CNY | +572,447.01 CNY | | Lease Liabilities | 0 | 572,447.01 CNY | +572,447.01 CNY | Audit Report The financial statements in this quarterly report are unaudited - This report applies the "Audit Report Not Applicable" option, indicating that the financial data is unaudited[52]