粤桂股份(000833) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥598,004,710.71, a decrease of 32.58% compared to ¥887,022,837.53 in the same period last year[8] - Net profit attributable to shareholders was ¥1,193,068.72, a significant improvement of 103.89% from a loss of ¥30,662,718.59 in the previous year[8] - Basic and diluted earnings per share increased to ¥0.0018 from a loss of ¥0.0459, reflecting a 103.89% improvement[8] - Total profit increased by 116.81% year-on-year, driven by favorable market conditions for the company's main products, with both volume and price rising[17] - The total profit for Q1 2021 was CNY 5,118,130.51, significantly improved from a loss of CNY 30,440,607.50 in the prior year[42] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,030,339,026.20, up 3.07% from ¥4,880,555,146.27 at the end of the previous year[8] - The total assets as of March 31, 2021, amounted to CNY 3,222,041,744.04, compared to CNY 3,570,796,752.19 at the end of 2020[36] - The total liabilities as of March 31, 2021, were CNY 2,170,066,801.80, compared to CNY 2,023,874,730.45 in the previous period[36] - The equity attributable to shareholders of the parent company was CNY 2,866,305,158.18, slightly up from CNY 2,863,801,555.94[34] - The company reported a total asset value of 4,880,555,146.27 yuan, with total liabilities amounting to 2,023,874,730.45 yuan, resulting in total equity of 2,856,680,415.82 yuan[57] Cash Flow - Cash flow from operating activities showed a net outflow of ¥198,534,465.15, an improvement of 23.47% compared to a net outflow of ¥259,413,482.01 in the same period last year[8] - The company reported a cash flow from operating activities of CNY -198,534,465.15, an improvement from CNY -259,413,482.01 in the previous period[49] - The cash flow from sales of goods and services was 79,313,798.43 yuan, a decrease of 41.0% compared to 134,240,405.91 yuan in the previous period[52] - The cash flow from financing activities resulted in a net outflow of -94,395,556.49 yuan, compared to -16,502,060.54 yuan in the previous period, reflecting a worsening financing situation[53] Expenses - The company reported a 38.57% decrease in operating costs, primarily due to a reduction in trading sugar business[16] - Total operating costs for Q1 2021 were CNY 592,729,787.84, down from CNY 924,121,163.37 in the previous period[40] - The company incurred a total operating cost of CNY 78,048,737.92, down from CNY 124,419,864.66 in the previous year[44] - Financial expenses decreased by 33.01% year-on-year, primarily due to an increase in interest income[17] - The financial expenses for Q1 2021 were CNY -678,990.68, a significant reduction from CNY 4,038,482.71 in the same period last year[44] Inventory and Receivables - Accounts receivable financing increased by 36.06% compared to the beginning of the year, primarily due to increased endorsement discounting of receivables[16] - Inventory increased by 39.89% compared to the beginning of the year, mainly due to new sugar stock from the current crushing season[16] - The company reported a significant increase in inventory, rising to CNY 50,171,549.43 from CNY 25,505,249.45[35] Tax and Other Income - Tax and additional fees increased by 52.68% year-on-year, attributed to higher sales of sulfur concentrate leading to increased VAT payments[16] - Income tax expenses rose by 119.05% year-on-year, reflecting an increase in net profit and higher tax provisions[17] - Other income increased by 60.81% year-on-year, mainly from government subsidies and new deferred income amortization[17] Research and Development - R&D expenses increased by 32.92% year-on-year, mainly due to an increase in R&D projects[17] Impairment Losses - Credit impairment losses increased by 144.38% year-on-year, attributed to an increase in margin payments accounted for in other receivables and higher bad debt provisions[17] - Asset impairment losses surged by 170.76% year-on-year, primarily due to a significant rise in raw material prices for phosphate fertilizer, leading to increased inventory write-downs[17] Capital Expenditures - The company’s investment in fixed assets and intangible assets amounted to 216,752,387.46 yuan, a substantial increase from 32,566,524.34 yuan in the previous period[52] Other Information - The company has completed the first phase of the relocation and renovation project for the sugar factory, with cumulative actual payments of 451.13 million yuan as of March 31, 2021[18] - The company has not undergone an audit for the first quarter report, which may affect the reliability of the financial data presented[61] - The company has implemented new leasing standards, which may impact future financial reporting[60]