法尔胜(000890) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥119,769,655.92, representing a 20.87% increase compared to ¥99,092,249.53 in the same period last year[8]. - Net profit attributable to shareholders was ¥3,013,057.50, a significant turnaround from a loss of ¥35,641,507.49, marking an increase of 108.45%[8]. - The basic earnings per share improved to ¥0.01 from a loss of ¥0.08, reflecting a 112.50% increase[8]. - The weighted average return on equity rose to 16.62%, up 38.08% from -21.46% in the previous year[8]. - The company reported a total comprehensive income of CNY 3,013,057.50, recovering from a loss of CNY 35,641,507.49 in the previous year[49]. - The net profit for the first quarter of 2021 was CNY 9,925,801.86, a significant recovery from a net loss of CNY -17,702,575.03 in the same period last year[52]. - Operating profit for the first quarter was CNY 9,902,394.78, compared to an operating loss of CNY -17,702,575.03 in the previous year[52]. Assets and Liabilities - The total assets at the end of the reporting period were ¥866,725,194.28, a decrease of 6.44% from ¥926,424,250.02 at the end of the previous year[8]. - The company's total assets amounted to CNY 930,380,997.26, down from CNY 997,853,952.13 in the previous period[44]. - The company's total current liabilities decreased to RMB 847,087,641.98 from RMB 909,799,755.22, a reduction of about 6.9%[40]. - Total liabilities were CNY 865,075,349.47, a decrease from CNY 942,474,106.20[44]. Cash Flow - The net cash flow from operating activities was negative at -¥124,967,350.19, a decline of 117.50% compared to ¥714,168,744.41 in the same period last year[8]. - Total cash inflow from operating activities was CNY 141,288,507.02, down from CNY 266,312,858.94 in the previous year, indicating a decrease of approximately 47%[56]. - Cash outflow from operating activities totaled CNY 266,255,857.21, compared to a negative cash flow of CNY -447,855,885.47 in the previous year[56]. - The company reported a cash inflow from financing activities of CNY 51,099,289.49, a recovery from a cash outflow of CNY -870,965,948.39 in the previous year[57]. - The net cash flow from financing activities decreased by 105.87% to -$870,965,948.39, impacted by net outflows from targeted financing instruments[15]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,372[11]. - The largest shareholder, Fasten Hongsheng Group Co., Ltd., holds 28.82% of the shares, with 120,892,486 shares pledged[11]. - The company aims to enhance its profit distribution system and strengthen the investor dividend return mechanism, ensuring stable and sustainable dividend decisions[21]. - The company will actively promote profit distribution and cash dividends to enhance shareholder returns, aligning with its operational conditions and development plans[21]. Corporate Governance - The company has established a sound corporate governance structure with clear responsibilities and effective operations among the shareholders' meeting, board of directors, supervisory board, and management[21]. - The company emphasizes the importance of a complete and effective corporate governance and management framework to protect the interests of investors, especially minority shareholders[22]. - The company has committed to maintaining the independence of its assets, ensuring that subsidiaries have complete and independent business systems[22]. - The company guarantees that its senior management will only serve in the listed company and will not hold positions in other enterprises, ensuring personnel independence[22]. Related Party Transactions - The company will ensure that related transactions with subsidiaries are conducted at market fair prices to avoid any detrimental impact on its interests[21]. - The company has pledged to fully bear any losses caused to its related parties due to violations of commitments regarding related transactions[21]. - The company has committed to timely and detailed information disclosure regarding potential related transactions, adhering to legal decision-making procedures[21]. - The company has established measures to prevent any potential competition with its subsidiaries, including divesting from competing businesses if necessary[24].