辉丰股份(002496) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥437,379,664.69, representing a 67.16% increase compared to ¥261,656,119.30 in the same period last year[7] - The net profit attributable to shareholders was -¥13,026,209.60, an improvement of 82.76% from -¥75,549,536.97 year-over-year[7] - The net cash flow from operating activities was -¥4,885,601.55, showing a 63.83% reduction in losses compared to -¥13,505,552.93 in the previous year[7] - The basic earnings per share improved to -¥0.009 from -¥0.050, reflecting an 82.76% increase[7] - The diluted earnings per share also improved to -¥0.007 from -¥0.041, marking an 82.93% increase[7] - The weighted average return on net assets improved to -0.53% from -2.76%, an increase of 2.23 percentage points[7] - The net loss for Q1 2021 was CNY 15,639,804.01, an improvement from a net loss of CNY 85,786,111.94 in the previous year[46] - The company recorded a comprehensive income of CNY 9,477,161.89 for Q1 2021, compared to a comprehensive loss of CNY 85,711,773.67 in the previous year[47] - The total comprehensive income for the period was -16,785,353.94 CNY, reflecting a significant improvement from -31,158,142.50 CNY in the same quarter last year[51] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,713,599,583.25, down 5.10% from ¥4,967,032,607.21 at the end of the previous year[7] - The company's current assets decreased to CNY 1,313,923,642.49 from CNY 1,559,288,393.04, reflecting a reduction of about 15.7%[35] - Total liabilities decreased from CNY 2,581,112,766.44 to CNY 2,320,548,330.80, a decline of about 10.1%[37] - The total liabilities increased to CNY 1,855,850,833.73 from CNY 1,778,741,783.96 year-on-year[45] - The company's short-term borrowings increased from CNY 705,520,668.07 to CNY 764,061,316.54, an increase of approximately 8.3%[36] Cash Flow - The company's cash and cash equivalents decreased by 51.96%, from 420,404,684.52 to 201,977,705.85, primarily due to the repayment of short-term loans during the reporting period[16] - The cash flow from operating activities showed a net outflow of -4,885,601.55 CNY, an improvement from -13,505,552.93 CNY in the previous year, marking a reduction in cash outflow by approximately 63.8%[54] - The cash inflow from investment activities was 53,862,363.86 CNY, significantly higher than 25,151,401.06 in the previous year[58] - The cash flow from financing activities resulted in a net outflow of -208,621,237.18 CNY, a significant decline from a net inflow of 10,053,327.81 CNY in the same quarter last year[55] - The company reported a net increase in cash and cash equivalents of -253,678,678.50, compared to -25,163,035.44 in the previous year[58] Operational Highlights - Operating revenue increased by 67.16%, reaching 437,379,664.69, attributed to the gradual resumption of production and increased product sales[16] - Operating costs rose by 79.08%, amounting to 355,505,910.91, also due to increased product sales as production resumed[16] - The company reported a significant decrease in sales expenses by 63.85%, from 16,870,607.34 to 6,098,025.20, mainly due to changes in the consolidation scope and the implementation of new revenue standards[16] - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[46] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,227[11] - The company's equity attributable to shareholders increased slightly from CNY 2,460,271,092.32 to CNY 2,470,017,251.09, an increase of approximately 0.4%[38] - The total owner's equity as of March 31, 2021, was CNY 2,393,051,252.45, compared to CNY 2,385,919,840.77 at the end of 2020, reflecting a slight increase of about 0.3%[38] Future Outlook - The company anticipates a net profit of between 60,000,000 and 70,000,000 for the first half of 2021, representing a significant increase compared to the previous year[26] - The basic earnings per share are expected to be between 0.40 and 0.46, indicating a growth of approximately 695.97% to 828.63% compared to the previous year[26] - The company is in the process of completing the equity transfer of the joint venture with ADAMA Agricultural Solutions Ltd., which is expected to be finalized in the second quarter[26]