ST雪发(002485) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥252,128,909.88, representing a decrease of 9.50% compared to ¥278,610,616.49 in the same period last year[7] - The net profit attributable to shareholders was a loss of ¥5,065,487.54, an improvement of 73.53% from a loss of ¥19,134,346.72 in the previous year[7] - The net cash flow from operating activities was a negative ¥82,348,917.01, which is a 40.93% improvement compared to a negative ¥139,401,532.48 in the same period last year[7] - The net profit attributable to shareholders of the listed company increased by 73.53% compared to the same period last year, mainly due to a gradual recovery in business and reduced losses[16] - The net cash flow from operating activities increased by 40.93% compared to the same period last year, primarily due to the gradual recovery of business[16] - Net loss for Q1 2021 was ¥6,448,405.75, compared to a net loss of ¥23,169,986.36 in Q1 2020, indicating an improvement of 72.1%[41] - Basic and diluted earnings per share for Q1 2021 were both -¥0.0093, an improvement from -¥0.0352 in the previous year[41] - Operating profit for the parent company was ¥1,052,932.57, compared to a loss of ¥400,534.69 in the same period last year[43] - The parent company's net profit for Q1 2021 was ¥166,943.18, down from ¥260,317.89 in Q1 2020, a decrease of 35.7%[43] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,609,465,017.13, an increase of 6.98% from ¥3,373,890,257.70 at the end of the previous year[7] - Total current assets increased to CNY 1,400,652,146.38 as of March 31, 2021, up from CNY 1,213,975,312.71 at the end of 2020, representing a growth of approximately 15.4%[30] - Total liabilities rose to CNY 1,350,655,401.43 as of March 31, 2021, compared to CNY 1,108,870,403.17 at the end of 2020, marking an increase of about 21.8%[32] - The company's total liabilities increased to ¥1,003,364,980.30 from ¥892,583,764.86, reflecting a rise of 12.4%[40] - The total equity attributable to shareholders decreased to CNY 2,175,217,680.21 from CNY 2,180,045,000.83, a decline of about 0.2%[33] - The company’s total liabilities to equity ratio increased, indicating a higher leverage position as of March 31, 2021[32] Cash Flow - The company's cash balance decreased by 47.05% compared to the beginning of the year, primarily due to new engineering investments and loan repayments[16] - Cash inflow from operating activities totaled 332,803,994.33, down 35.8% from 518,921,576.05 in the prior period[47] - Cash outflow from operating activities was 415,152,911.34, a decrease of 37.0% compared to 658,323,108.53 in the previous period[48] - The net cash flow from investing activities was -39,706,160.28, worsening from -32,104,813.95 in the previous period[48] - Cash inflow from financing activities increased to 297,653,900.00, up 16.9% from 254,527,000.00 in the prior period[49] - The net cash flow from financing activities was 68,699,248.50, down 26.3% from 93,095,996.08 in the previous period[49] - The ending cash and cash equivalents balance was 32,356,494.19, significantly down from 100,947,733.18 in the previous period[49] - The company received 100,000,000.00 in borrowings, doubling from 50,000,000.00 in the previous period[48] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,941[11] - The largest shareholder, Guangzhou Xuesong Cultural Tourism Investment Co., Ltd., held 63.62% of the shares[11] - The company did not conduct any repurchase transactions during the reporting period[12] - The company has no overdue commitments or guarantees during the reporting period[20] Operational Highlights - The company confirmed rental income of RMB 241.84 million from 19 leased shops during the reporting period[18] - The company plans to continue leasing/selling up to 19 shops with a total book value not exceeding RMB 640 million to enhance asset efficiency[18] - The company reported non-recurring gains and losses totaling ¥1,772,657.76 for the period[8] - Research and development expenses were reported at ¥390,977.67, indicating ongoing investment in innovation[40] - The company reported a significant reduction in sales expenses, which fell to ¥14,802,267.86 from ¥42,998,453.43, a decrease of 65.5%[40] Inventory and Receivables - Accounts receivable increased by 41.62% compared to the beginning of the year, mainly due to an increase in commercial and bank acceptance bills received[16] - The balance of accounts receivable financing grew by 399.29% compared to the beginning of the year, primarily due to an increase in bank acceptance bills received[16] - Inventory increased by 35.33% compared to the beginning of the year, mainly due to new supply chain goods dispatched[16] - Accounts receivable decreased slightly to CNY 278,970,922.33 from CNY 288,628,581.09, indicating a reduction of about 3.3%[30] - Inventory increased significantly to CNY 58,419,520.66, up from CNY 43,168,284.76, reflecting a growth of approximately 35.4%[30]