Palm(SZ:002431)2021-04-23 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥348,655,801.35, representing a 22.54% increase compared to ¥284,532,120.21 in the same period last year[7]. - The net profit attributable to shareholders was -¥142,589,008.50, an improvement of 36.70% from -¥225,253,581.89 year-on-year[7]. - The net cash flow from operating activities improved by 82.20%, reaching -¥113,814,230.53 compared to -¥639,392,404.68 in the previous year[7]. - The company's weighted average return on net assets was -3.18%, an improvement of 1.86% from -5.04% in the same period last year[7]. - The net profit for the first quarter was a loss of CNY 142,035,693.77, an improvement from a loss of CNY 239,227,256.14 in the same period last year[67]. - The company's total comprehensive income for the current period was a loss of ¥131,258,193.04, compared to a loss of ¥162,958,792.84 in the previous period[72]. Cash Flow and Liquidity - Cash and cash equivalents decreased by 48.80% compared to the beginning of the year, primarily due to significant payments to suppliers during the reporting period[15]. - The net cash flow from financing activities decreased by 244.60% compared to the same period last year, primarily due to a reduction in cash received from borrowings[18]. - The total cash inflow from financing activities was ¥1,393,423,669.49, while cash outflow was ¥1,736,292,759.88, resulting in a net cash flow of negative ¥342,869,090.39[76]. - The net cash flow from investment activities was 31,277,966.21 CNY, a significant improvement compared to -165,531,757.64 CNY in the previous year[79]. - Cash and cash equivalents at the end of the period totaled 263,783,759.94 CNY, down from 474,510,336.38 CNY year-over-year[79]. Assets and Liabilities - Total assets at the end of the reporting period were ¥15,881,496,931.57, a decrease of 3.48% from ¥16,453,602,444.20 at the end of the previous year[7]. - The company's total liabilities were CNY 11.29 billion, down from CNY 11.72 billion, showing a decrease of around 3.7%[59][60]. - The equity attributable to shareholders decreased from CNY 4.56 billion to CNY 4.42 billion, a decline of approximately 3.1%[60]. - The company's current assets totaled CNY 10.47 billion, down from CNY 10.86 billion, indicating a decrease of about 3.6%[57][60]. - The total liabilities rose from 11,722,574,004.63 CNY to 11,734,349,623.79 CNY, reflecting changes in both current and non-current liabilities[83]. Investments and Projects - Cumulative revenue from the Zhengdong New District Longhu Ecological Greening Construction project reached 166.71 million yuan, with a contract amount of 175.26 million yuan[20]. - Cumulative investment in the Linyi City Shali River Phase II Comprehensive Management PPP project reached 1.45 billion yuan[20]. - The company secured a project contract for the "Xinglong County River Management Project (Phase I)" with a total investment budget of CNY 163 million, achieving revenue of CNY 86.41 million by the end of the reporting period[28]. - The company has a total project investment of CNY 6.6 billion for the "Hainan Palm Eco-Town Development Project," with a project company established to advance the project, but no revenue has been realized yet[32]. - The company has ongoing projects with a total estimated contract value of CNY 800 million for the "Kaifeng Yellow River Ecological Corridor Demonstration Project," achieving revenue of CNY 147.89 million by the end of the reporting period[38]. Research and Development - R&D expenses increased by 168.81% year-on-year, primarily due to a slowdown in R&D progress caused by the pandemic in the previous year[16]. - Research and development expenses increased significantly to CNY 35,622,041.58 from CNY 13,251,527.08, marking an increase of about 168%[66]. - Research and development expenses increased significantly to ¥32,547,736.33 from ¥11,075,236.28, reflecting a growth of approximately 194%[70]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 69,295[11]. - The company has not forecasted significant changes in net profit for the first half of 2021 compared to the previous year[50]. Compliance and Governance - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[52]. - The company has no violations regarding external guarantees during the reporting period[51]. - There were no research, communication, or interview activities recorded during the reporting period[53]. - The company has not engaged in any entrusted financial management during the reporting period[50].