黄山B股(900942) - 2021 Q1 - 季度财报

Visitor Statistics - In Q1 2021, the number of visitors to Huangshan increased to 314,900, a year-on-year increase of 182.29%[6] - The total revenue for the current period reached ¥147,090,427.22, a 110.76% increase compared to ¥69,792,009.71 in the same period last year, primarily due to a 182.29% increase in visitor numbers to the Huangshan scenic area[14] Financial Performance - Operating revenue for Q1 2021 reached RMB 147,090,427.22, representing a 110.76% increase compared to RMB 69,792,009.71 in the same period last year[6] - The net profit attributable to shareholders was a loss of RMB 31,909,189.56, an improvement from a loss of RMB 77,241,228.73 in the previous year[6] - The weighted average return on equity increased by 1.04 percentage points to -0.75% from -1.79% year-on-year[6] - The company anticipates a turnaround in its half-year performance for 2021, expecting to return to profitability compared to the loss in the same period last year, as the domestic COVID-19 situation has improved[15] - The company reported a total comprehensive loss of CNY -30,872,948.60 for Q1 2021, compared to CNY -45,371,041.75 in Q1 2020, indicating a 32.2% improvement[30] Cash Flow and Liquidity - The net cash flow from operating activities improved to -RMB 20,556,141.61 from -RMB 128,502,598.39 year-on-year[6] - Cash inflow from sales of goods and services was 72,622,212.79 RMB, significantly higher than 33,743,043.52 RMB in the same period last year[34] - Total cash inflow from operating activities was 179,806,377.22 RMB, while cash outflow was 200,362,518.83 RMB, resulting in a net cash outflow of 20,556,141.61 RMB[32] - The company reported a total cash and cash equivalents balance of 584,549,849.87 RMB at the end of Q1 2021, down from 1,972,691,242.26 RMB at the beginning of the period[33] Assets and Liabilities - The total assets at the end of the reporting period were RMB 5,054,790,401.00, a 3.29% increase from RMB 4,893,855,661.57 at the end of the previous year[6] - Total liabilities increased to CNY 597,660,577.12 in Q1 2021 from CNY 506,590,171.61 in Q4 2020, representing a rise of about 17.5%[24] - The company's total equity as of March 31, 2021, was CNY 4,171,266,487.52, slightly down from CNY 4,202,139,436.12 at the end of 2020, indicating a decrease of approximately 0.73%[24] - Total current liabilities were CNY 441,357,657.30, slightly down from CNY 446,859,459.72 in Q4 2020, indicating a decrease of about 1.1%[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 54,037[10] - Huangshan Tourism Group Co., Ltd. held 40.66% of the shares, making it the largest shareholder[11] Investment and Subsidiaries - The company established a wholly-owned subsidiary, Huangshan Yundian Investment Management Co., Ltd., with an investment of ¥500 million, which has completed business registration[14] - The company invested 1,360,000,000.00 RMB in Q1 2021, compared to 704,000,000.00 RMB in Q1 2020, indicating a substantial increase in investment activities[35] Financial Standards and Adjustments - The company adopted the new leasing standards effective January 1, 2021, impacting the recognition of right-of-use assets and lease liabilities[40] - The company reported a lease liability adjustment of approximately $97.02 million due to the implementation of the new leasing standard[43] - The implementation of the new leasing standard has impacted the financial statements without retrospective adjustments for prior years[44]