GREATTOWN(SH:900940)2021-04-27 16:00Financial Performance - Operating revenue fell by 33.90% to CNY 1.57 billion year-on-year[5] - Net profit attributable to shareholders decreased by 81.36% to CNY 20.26 million compared to the same period last year[5] - Cash flow from operating activities dropped significantly by 90.45% to CNY 198.64 million[5] - Basic earnings per share increased by 75.05% to CNY 0.0842[5] - The company reported a significant decrease in employee compensation payable by 74.21% to ¥6,891,565.88 from ¥26,721,617.62, due to salary payments made during the period[14] - The company reported a net profit margin decline due to reduced revenue and increased costs, impacting overall profitability[27] - The company's net profit for Q1 2021 was CNY 215,392,440.71, an increase from CNY 149,081,745.46 in Q1 2020, representing a growth of approximately 44.4%[28] - Total revenue for Q1 2021 was CNY 32,599,508.98, a significant decrease from CNY 110,708,648.13 in Q1 2020, reflecting a decline of about 70.5%[31] - Operating profit for Q1 2021 was CNY 4,397,290.91, down from CNY 96,439,803.48 in Q1 2020, indicating a decrease of approximately 95.4%[31] Assets and Liabilities - Total assets decreased by 2.67% to CNY 36.82 billion compared to the end of the previous year[5] - The total assets decreased to ¥36,822,266,254.95 from ¥37,832,958,123.19, indicating a reduction in overall asset value[20] - The company's total liabilities as of March 31, 2021, amounted to CNY 22,947,250,186.68, a slight decrease from CNY 23,713,018,816.13 at the end of 2020[22] - Non-current liabilities totaled CNY 7,901,804,155.18 as of March 31, 2021, compared to CNY 6,876,057,724.85 at the end of 2020, reflecting an increase of 14.9%[22] - Current liabilities amounted to CNY 16,836,961,091.28, with a decrease of CNY 13,420,775.65[43] - Non-current liabilities totaled CNY 6,876,057,724.85, reflecting a decrease of CNY 16,268,879.72[43] - Total liabilities amounted to ¥9,478,616,521.16, showing a slight decrease of ¥3,844,506.87 compared to the previous period[48] Shareholder Information - The number of shareholders reached 70,515 at the end of the reporting period[11] - The largest shareholder, Mingcheng Holdings Group, holds 9.52% of the shares, with 235.59 million shares pledged[11] - The company's equity attributable to shareholders was CNY 13,344,933,459.61 as of March 31, 2021, an increase from CNY 13,131,038,424.48 at the end of 2020[22] Cash Flow - The net cash flow from operating activities for Q1 2021 was ¥198,636,289.34, a significant decrease from ¥2,079,423,118.17 in Q1 2020, reflecting a decline of approximately 90.4%[35] - Cash received from sales of goods and services in Q1 2021 was CNY 1,815,978,016.58, a decrease from CNY 3,511,771,801.37 in Q1 2020, representing a decline of about 48.3%[34] - The cash and cash equivalents at the end of Q1 2021 stood at ¥2,209,821,040.49, a decrease from ¥5,149,237,258.24 at the end of Q1 2020, reflecting a decline of about 57.1%[36] - The company incurred financial expenses of CNY 91,583,032.74 in Q1 2021, down from CNY 161,959,873.01 in Q1 2020, indicating a reduction of approximately 43.3%[28] Future Plans - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[5] - The company plans to focus on market expansion and new product development in the upcoming quarters to drive growth[27]