*ST东洋(002086) - 2021 Q1 - 季度财报

Financial Performance - Revenue for the first quarter was CNY 84,777,619.99, an increase of 6.06% compared to CNY 79,932,263.80 in the same period last year[9] - Net profit attributable to shareholders was CNY -19,459,848.72, a decrease of 156.73% from CNY 34,299,966.07 in the previous year[9] - Basic and diluted earnings per share were both CNY -0.030, reflecting a decline of 160.00% from CNY 0.050 in the same period last year[9] - The company forecasts a net loss of approximately CNY 28 million for the first half of 2021, a significant decline compared to a profit of CNY 20.81 million in the same period last year, representing a decrease of 234.55%[22] - Basic earnings per share are expected to be CNY -0.037, down 223.33% from CNY 0.03 in the previous year[22] - The decline in performance is attributed to the absence of asset transfer gains recorded last year and the impact of COVID-19 on logistics and labor costs, significantly affecting the company's export business[22] - The company reported a net loss of CNY 1,503,368,549.19 in retained earnings, compared to a loss of CNY 1,483,908,700.47 previously, indicating a worsening of approximately 1.31%[40] - The total comprehensive income for Q1 2021 was a loss of CNY 19,187,161.05, compared to a gain of CNY 35,198,773.43 in the same period last year[48] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 9,851,429.63, a significant improvement of 101.24% compared to the previous year's negative cash flow[9] - Operating cash inflow for the period was 154,831,399.08 CNY, a decrease from 160,788,615.02 CNY in the previous period[55] - The net cash flow from investing activities was -6,113,251.81 CNY, compared to 58,343,242.22 CNY in the previous period[56] - The net cash flow from financing activities was -5,832,779.65 CNY, an improvement from -62,748,763.83 CNY in the previous period[56] - The company reported a decrease in cash outflows related to operating activities, totaling 144,979,969.45 CNY, down from 955,712,820.65 CNY in the previous period[55] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,259,001,087.48, a decrease of 0.61% from the previous year-end[9] - Total liabilities were CNY 1,833,880,074.06, a slight decrease from CNY 1,834,808,293.22, reflecting a decline of about 0.05%[39] - The company's total equity stood at CNY 1,425,121,013.42, down from CNY 1,444,308,174.47, representing a decrease of approximately 1.33%[40] - The non-current assets totaled CNY 1,562,892,901.42, down from CNY 1,589,121,249.76, reflecting a decline of about 1.65%[38] Operational Challenges - The company faced significant challenges due to COVID-19, impacting logistics and increasing labor costs, which affected export processing operations[17] - The company is experiencing liquidity constraints, leading to a reduction in operational scale, compounded by adverse effects from the worsening overseas pandemic situation[22] Shareholder and Governance Issues - The company has reported a total of CNY 6 million in overdue guarantees, accounting for 4.19% of the latest audited net assets[26] - The overdue guarantees include CNY 3.5 million from a controlling shareholder, representing 2.45% of the latest audited net assets[26] - The company is actively urging the controlling shareholder to take measures such as asset disposal and external borrowing to fulfill repayment obligations[31] - The company has not received the return of non-operating occupied funds from Dongfang Ocean Group as of the report disclosure date[31] - The company plans to enhance internal control systems and risk assessment frameworks to prevent fund occupation by major shareholders and related parties[31] - The company aims to protect the interests of minority shareholders and ensure stable performance recovery[31] Miscellaneous - The company reported no significant non-recurring gains or losses during the reporting period[11] - There were no share repurchase transactions conducted by the top ten shareholders during the reporting period[14] - The company did not engage in any securities investments during the reporting period[19] - The company has not engaged in derivative investments during the reporting period[20] - There are no significant contracts or entrusted financial management activities reported during the period[23] - The financial data presented is preliminary and will be finalized in the upcoming semi-annual report[22] - The report was not audited, indicating that the figures may be subject to change upon further review[60]