永安林业(000663) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥89,491,792.32, representing a 10.56% increase compared to ¥80,947,655.75 in the same period last year[9]. - Net profit attributable to shareholders was ¥14,838,676.78, a significant turnaround from a loss of ¥16,308,303.15 in the previous year, marking a 190.99% increase[9]. - The net profit after deducting non-recurring gains and losses was ¥14,090,216.21, compared to a loss of ¥26,498,625.06 last year, reflecting a 153.17% improvement[9]. - The basic earnings per share increased to ¥0.04 from a loss of ¥0.05, representing an increase of 180.00%[9]. - The weighted average return on net assets improved to 2.46% from -2.89%, an increase of 5.35 percentage points[9]. - The company reported a net profit of CNY 14,599,790.93 in Q1 2021, compared to a net loss of CNY 16,702,578.98 in the same period last year, marking a significant turnaround[48]. - The total profit for the quarter was CNY 14,736,953.30, a recovery from a total loss of CNY 16,680,382.62 in the prior year[48]. - The company achieved a comprehensive income total of CNY 14,599,790.93, recovering from a comprehensive loss of CNY 16,675,289.82 in the previous year[49]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,486,717,370.01, down 2.12% from ¥1,518,856,789.52 at the end of the previous year[9]. - Net assets attributable to shareholders increased by 2.49% to ¥611,293,337.30 from ¥596,454,660.52 at the end of the previous year[9]. - Total assets decreased to CNY 1,460,204,441.64 from CNY 1,493,779,587.97[43]. - Total liabilities decreased to CNY 818,205,085.06 from CNY 867,737,959.04[44]. - Cash and cash equivalents decreased by 45.93% to ¥75,466,029.25 due to repayment of bank loans[16]. - Cash and cash equivalents dropped to CNY 64,551,390.06 from CNY 126,356,792.07[41]. - Accounts receivable increased significantly to CNY 42,214,406.48 from CNY 20,458,592.95, representing an increase of about 106%[38]. - Accounts receivable increased by 106.34% to ¥42,214,406.48 compared to the previous period[16]. Cash Flow - Cash received from sales of goods and services decreased by 41.59% to ¥58,906,495.64 due to the non-consolidation of indicators related to the sale of subsidiaries[16]. - Cash inflows from operating activities totaled CNY 60,706,009.78, a decrease from CNY 133,286,750.46 in the same period last year[55]. - The net cash flow from operating activities was -22,241,156.50 CNY, compared to a positive cash flow of 4,783,804.81 CNY in the previous period, indicating a significant decline[56]. - The company reported a total cash outflow of 64,113,324.70 CNY for the period, compared to 12,368,837.91 CNY in the previous period[57]. - Cash inflow from financing activities totaled 7,000,000.00 CNY, a significant drop from 370,550,000.00 CNY in the previous period[57]. Expenses - Sales expenses decreased by 65.91% to ¥909,436.54 due to the non-consolidation of indicators related to the sale of subsidiaries[16]. - Management expenses decreased by 38.10% to ¥11,699,497.75 due to the non-consolidation of indicators related to the sale of subsidiaries[16]. - Financial expenses decreased by 50.11% to ¥7,575,219.02 due to the non-consolidation of indicators related to the sale of subsidiaries[16]. - The company reported a decrease in financial expenses from CNY 15,183,052.83 to CNY 7,575,219.02, with interest expenses dropping from CNY 15,069,460.56 to CNY 7,622,753.20[47]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,568[12]. - The largest shareholder, Zhonglin (Yong'an) Holdings Co., Ltd., held 19.27% of the shares, totaling 64,884,600 shares[12]. Compensation Commitments - The company has a profit commitment for the years 2015 to 2017, with net profit targets of CNY 110.3 million, CNY 135.15 million, and CNY 163.78 million respectively[20]. - If the actual cumulative net profit falls below the forecasted amount by the end of the commitment period, the responsible parties must compensate the company[21]. - Compensation will first be made through shares, and if insufficient, cash compensation will be provided[22]. - The formula for calculating the compensation amount is based on the difference between the forecasted and actual net profits divided by the total forecasted net profit for the commitment period[22]. - The company has provisions for adjusting compensation shares in case of stock splits or cash dividends during the commitment period[23]. - If the asset value decreases, the responsible parties must compensate the company with shares or cash based on the asset's impairment amount[24]. - The compensation shares will be repurchased by the company at a nominal price of CNY 1 per share[25]. - The responsible parties are required to bear the compensation proportionately, with specific obligations outlined for each party involved[25].