嘉欣丝绸(002404) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥744,632,572.66, representing a 20.46% increase compared to ¥618,136,228.57 in the same period last year[9] - The net profit attributable to shareholders was a loss of ¥8,589,614.12, a decrease of 130.92% from a profit of ¥27,783,693.59 in the previous year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥31,273,149.45, an increase of 71.18% from ¥18,269,459.00 in the same period last year[9] - The net cash flow from operating activities was ¥64,331,037.68, up 22.89% from ¥52,346,975.87 in the previous year[9] - Total operating costs amounted to CNY 691,948,518.65, up from CNY 587,722,736.59, reflecting a year-over-year increase of 17.7%[50] - The net profit for the first quarter was a loss of CNY 5,569,747.56, compared to a profit of CNY 29,139,283.69 in the same period last year[51] - The company reported a total comprehensive income of CNY -5,566,595.77, down from CNY 29,180,304.97 in the same quarter last year[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,111,557,113.29, a 3.06% increase from ¥3,019,126,677.85 at the end of the previous year[9] - The company's total assets increased to CNY 2,732,887,932.23 from CNY 2,549,961,008.13, representing a growth of 7.2%[49] - Total liabilities increased to CNY 1,243,860,650.48 from CNY 1,102,618,121.77, which is an increase of about 12.8%[42] - The company's equity decreased to CNY 1,666,110,036.07 from CNY 1,710,870,488.07, a decline of 2.6%[49] - The total liabilities amounted to 1,102,618,121.77 RMB, with current liabilities comprising 1,045,026,556.76 RMB[68] Cash Flow - The net cash flow from investing activities increased by CNY 18,245,514.34, a growth of 6.73%, mainly due to a decrease in fixed deposit expenditures[19] - The net cash flow from financing activities increased by CNY 51,417,006.62, a growth of 43.14%, primarily due to an increase in net borrowings[19] - The cash flow from operating activities has improved to ¥64,331,037.68 from ¥52,346,975.87, an increase of about 22.5%[58] - The net cash flow from operating activities for Q1 2021 was -14,730,818.90 RMB, a significant decrease compared to 243,951,248.77 RMB in Q1 2020[64] - Total cash inflow from investment activities was 145,487,016.51 RMB, down from 274,085,764.55 RMB in the previous year, resulting in a net cash flow from investment activities of -283,685,160.08 RMB[64] Shareholder Equity - The net assets attributable to shareholders decreased by 2.38% to ¥1,796,676,246.98 from ¥1,840,552,968.28 at the end of the previous year[9] - The company's total equity attributable to shareholders decreased to CNY 1,796,676,246.98 from CNY 1,840,552,968.28, a decline of approximately 2.4%[43] - The company has a total of CNY 375,008,464.81 in undistributed profits, reflecting retained earnings[73] - The company’s capital reserve is CNY 661,966,728.09, contributing to its overall financial stability[73] Investments and Projects - The company has allocated RMB 12,212,000 for the "Smart Factory and Foreign Trade Comprehensive Service Platform Project," which has been adjusted to RMB 9,212,000[31] - The company has invested RMB 70,060 in the reporting period from the raised funds, with RMB 158,500,000 in short-term financial products and structured deposits remaining[30] - The company has adjusted the investment structure and increased the scale of investment for the "Self-owned Brand Marketing Channel Intelligent Upgrade Project"[31] Risk Management - The company has established a risk management system for financial derivatives, ensuring compliance with relevant laws and regulations[29] - The company has implemented strict internal evaluations for financial derivatives operations to control risks effectively[29] Research and Development - The company is actively engaged in the research and development of new technologies, including the development of bionic silk technology[35] - Research and development expenses were CNY 14,469,654.48, up from CNY 11,321,998.22, indicating a year-over-year increase of 28.5%[50] Future Outlook - Future outlook includes potential market expansion and strategic acquisitions to enhance growth and operational efficiency[35]