ZBJT(SZ:000759)2021-04-27 16:00Financial Performance - The company's revenue for Q1 2021 was ¥3,489,033,829.37, a decrease of 11.76% compared to ¥3,954,012,167.85 in the same period last year[8]. - Net profit attributable to shareholders was ¥2,430,116.70, representing a significant increase of 101.43% from a loss of ¥170,387,609.90 in the previous year[8]. - Basic and diluted earnings per share were both ¥0.004, up 101.58% from a loss of ¥0.253 per share in the previous year[8]. - The company achieved a total revenue of 3.489 billion yuan, a year-on-year decrease of 11.76%[16]. - Net profit attributable to shareholders increased to 0.02 billion yuan, a year-on-year increase of 101.43%[16]. - Operating profit for Q1 2021 was CNY 13,032,393.80, a significant recovery from a loss of CNY 158,290,825.83 in the previous year[40]. - Net profit for Q1 2021 reached CNY 2,395,697.86, compared to a net loss of CNY 169,678,402.41 in Q1 2020[40]. - The total comprehensive income for the first quarter was CNY 1.25 million, compared to a loss of CNY 9.48 million in the same period last year[44]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 65.91%, amounting to ¥508,650,054.39 compared to ¥1,492,131,624.12 in the same period last year[8]. - Operating cash flow net amount decreased by 65.91% to approximately 508.65 million yuan due to delays in procurement and expense settlements caused by the pandemic[16]. - The company's cash and cash equivalents decreased to CNY 1,163,308,631.22 from CNY 1,364,781,128.94, a decline of about 14.8%[31][34]. - The operating cash flow for the first quarter was CNY 508.65 million, down from CNY 1.49 billion in the same period last year, indicating a decline of 65.9%[47]. - The company raised CNY 700 million through borrowings, a decrease from CNY 980 million in the previous year[47]. - The company paid CNY 940 million in debt repayments, significantly higher than CNY 344.84 million in the previous year[47]. - In Q1 2021, the net cash flow from financing activities was -694,378,500.00 CNY, compared to a net inflow of 739,583,014.94 CNY in the previous period[50]. Assets and Liabilities - Total assets increased by 26.76% to ¥12,114,788,434.65 from ¥9,557,286,957.60 at the end of the previous year[8]. - The company's current assets totaled CNY 3,292,600,144.50, down from CNY 3,557,496,951.72 at the end of 2020, indicating a decrease of about 7.4%[31][34]. - The total liabilities increased to CNY 8,925,452,628.78 from CNY 6,093,103,807.60, reflecting an increase of approximately 46.4%[33][34]. - The company's non-current liabilities increased significantly to CNY 2,836,784,103.65 from CNY 54,645,251.69, indicating a substantial rise[33][34]. - The total current liabilities were reported at 6,038,458,555.91 CNY, indicating a stable short-term financial position[53]. Shareholder Information - The top shareholder, Wuhan Shangan (Group) Co., Ltd., holds 20.07% of the shares, totaling 136,684,090 shares[12]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[13]. - The total equity attributable to shareholders of the parent company decreased to CNY 3,134,220,585.17 from CNY 3,216,226,808.34, a decline of approximately 2.6%[34]. Operational Highlights - The number of chain outlets reached 1,436, including 196 for Zhongbai Warehouse, 696 for Zhongbai Supermarket, 517 for Zhongbai Lawson, 9 for Zhongbai Department Store, and 18 for Zhongbai Industrial and Trade Electric[16]. - The company plans to continue expanding its market presence and enhance its product offerings in the upcoming quarters[17]. - The board and supervisory board elections were successfully completed, ensuring continuity and stability in governance[17]. Government Support and Compliance - The company received government subsidies amounting to ¥31,951,251.00 during the reporting period[9]. - The company reported no instances of entrusted wealth management or violations of external guarantees during the reporting period[24][25]. - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[26]. Changes in Accounting Standards - The company has implemented a new leasing standard effective from January 1, 2021, which required adjustments to the financial statements[51]. - The company implemented the new leasing standards starting January 1, 2021, without retrospective adjustments to prior periods[58].