Forest Packaging(SH:605500)2021-04-26 16:00Financial Performance - Operating revenue for the period reached CNY 553,600,588.18, representing a 100.88% increase year-on-year[5] - Net profit attributable to the parent company was CNY 55,678,181.39, a significant increase of 250.56% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was CNY 55,508,896.39, reflecting a 271.00% increase year-on-year[5] - Revenue for Q1 2021 reached ¥553.6 million, a 100.88% increase compared to ¥275.6 million in Q1 2020, primarily due to a low base from the previous year impacted by COVID-19[14] - Net profit for Q1 2021 was ¥55.62 million, compared to ¥15.88 million in Q1 2020, representing an increase of 249.5%[28] - The company's operating revenue for Q1 2021 was CNY 85,361,279.40, representing a 82.6% increase from CNY 46,668,942.41 in Q1 2020[31] - The total comprehensive income for Q1 2021 was CNY 55,620,637.47, compared to CNY 15,882,673.07 in Q1 2020, showing substantial improvement[29] Cash Flow - The net cash flow from operating activities was negative CNY 45,854,124.33, a decline of 174.45% year-on-year[5] - Cash flow from operating activities showed a net outflow of ¥45.9 million, a decline of 174.45% compared to a net inflow of ¥61.6 million in the previous year[15] - Cash inflows from operating activities in Q1 2021 amounted to CNY 687,262,298.12, an increase from CNY 405,447,894.08 in Q1 2020[32] - In Q1 2021, the company reported a net cash flow from operating activities of -192,891.87 RMB, a decrease from 120,807.10 RMB in Q1 2020[36] - Total cash inflow from operating activities was 97,019,166.23 RMB, compared to 63,833,900.40 RMB in the same period last year, representing a growth of approximately 52.0%[36] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,400,768,394.20, a decrease of 3.17% compared to the end of the previous year[5] - Total assets decreased to ¥2.4 billion from ¥2.5 billion at the end of 2020, reflecting a reduction in current assets[19] - Total liabilities as of March 31, 2021, were ¥98.19 million, down from ¥138.10 million at the end of 2020, indicating a reduction of 28.9%[24] - Cash and cash equivalents decreased by 63.98% to CNY 312,630,943.35 due to the utilization of raised funds[13] - Cash and cash equivalents decreased to ¥138.69 million from ¥811.27 million at the end of 2020, a decline of 83.0%[22] Shareholder Information - The number of shareholders at the end of the reporting period was 27,181[10] - Shareholders' equity totaled ¥1,405.51 million as of March 31, 2021, compared to ¥1,397.50 million at the end of 2020, showing a growth of 0.8%[24] Research and Development - R&D expenses surged by 190.84% to ¥20.3 million, up from ¥7.0 million, indicating a significant increase in investment in new product development[14] - Research and development expenses for Q1 2021 were ¥20.29 million, significantly higher than ¥6.98 million in Q1 2020, marking an increase of 190.5%[28] - The company's research and development expenses for Q1 2021 were CNY 3,463,900.09, up from CNY 1,946,654.08 in Q1 2020, indicating a focus on innovation[31] Other Financial Metrics - Basic earnings per share increased to CNY 0.28, up 154.55% from CNY 0.11 in the previous year[6] - The weighted average return on equity rose to 2.62%, an increase of 76.84 percentage points compared to the previous year[5] - Other income increased by 121.65% to ¥23.4 million, primarily due to a rise in VAT refunds[14] - The company reported a substantial increase in minority interests, reaching ¥38.6 million, indicating new investments during the reporting period[14] - The company received tax refunds of CNY 25,895,241.76 in Q1 2021, compared to CNY 9,851,797.35 in Q1 2020, reflecting improved cash flow management[32]