SHBM(SH:900939)2021-04-27 16:00Financial Performance - Operating revenue rose by 2.72% to CNY 4,675,815.40 year-on-year[6] - Net profit attributable to shareholders decreased by 64.70% to CNY 1,754,552.30 compared to the same period last year[6] - Basic earnings per share dropped by 64.60% to CNY 0.0097[6] - The company's net profit attributable to shareholders was CNY -58,323,166.87, compared to CNY -57,029,635.36 in the previous year, indicating a slight increase in losses[21] - In Q1 2021, the company's net profit was CNY 1,743,418.87, a decrease of 64.8% compared to CNY 4,949,156.20 in Q1 2020[23] - The company reported a total comprehensive income of CNY 1,746,863.48 for Q1 2021, compared to CNY 4,966,842.29 in Q1 2020, reflecting a decrease of 64.8%[23] Cash Flow - Cash flow from operating activities declined by 27.30% to CNY 2,962,928.90[6] - The cash flow from operating activities for Q1 2021 was CNY 2,962,928.90, a decrease from CNY 4,075,402.94 in Q1 2020[26] - The net cash flow from operating activities was -¥450,211.23, worsening from -¥143,398.14 year-over-year, indicating a decline in operational efficiency[30] - The company reported a net increase in cash and cash equivalents of ¥33,209,040.18, compared to ¥17,432,485.42 in the previous year, marking an increase of approximately 90.2%[27] Assets and Liabilities - Total assets increased by 1.81% to CNY 124,882,912.13 compared to the end of the previous year[6] - Total assets as of March 31, 2021, were CNY 247,054,071.67, down from CNY 249,038,748.32 at the end of 2020[21] - Total liabilities amounted to CNY 44,629,613.53, a decrease from CNY 45,320,758.67 in the previous period[20] - Total equity attributable to shareholders was CNY 97,506,169.76, with total equity including minority interests at CNY 100,952,380.47[35] Shareholder Information - The total number of shareholders reached 11,304 at the end of the reporting period[9] - The largest shareholder, Shanghai Huili Group Co., Ltd., holds 28.64% of the shares[9] Investment Activities - Investment activities generated a net cash flow of ¥30,242,666.67, a 126.72% increase compared to ¥13,339,396.39 in the same period last year[12] - The company’s long-term equity investments decreased to ¥20,486,620.93 from ¥21,945,578.07, indicating a decline in investment value[17] - The company received ¥3,000,000.00 from other investment-related cash activities, down from ¥8,880,000.00 in the previous year, indicating a decline in investment returns[30] Tax and Expenses - The company reported a 56.08% decrease in income tax expenses to ¥1,049,718.40 from ¥2,390,148.45, attributed to reduced profitability of subsidiaries[11] - The company incurred management expenses of CNY 460,000.63 in Q1 2021, an increase from CNY 362,308.06 in Q1 2020, representing a rise of 27.1%[25] Future Outlook - The company anticipates uncertainty in cumulative net profit for the year due to the unpredictable performance of its joint venture, Shanghai Huili Paint Co., Ltd.[12] - The company plans to focus on market expansion and new product development in the upcoming quarters to improve financial performance[22]