涪陵榨菜(002507) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥708,977,187.75, representing a 46.86% increase compared to ¥482,747,410.75 in the same period last year[2]. - Net profit attributable to shareholders for Q1 2021 was ¥203,231,279.23, up 22.73% from ¥165,596,376.32 year-on-year[2]. - The net profit after deducting non-recurring gains and losses was ¥201,076,121.69, reflecting a 27.82% increase from ¥157,309,119.36 in the previous year[2]. - Operating revenue grew by 46.86% to ¥708,977,187.75, driven by a year-on-year increase in product sales volume[10]. - The total profit for the current period was ¥244,610,339.15, compared to ¥194,518,783.75 in the previous period, reflecting an increase of approximately 25.7%[36]. - Net profit for the current period was ¥203,231,279.23, compared to ¥165,596,376.32 in the previous period, representing a growth of approximately 22.7%[38]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥4,245,272,481.63, a 6.94% increase from ¥3,969,611,914.85 at the end of the previous year[2]. - The net assets attributable to shareholders increased by 5.96% to ¥3,614,691,184.68 from ¥3,411,459,905.45 year-on-year[2]. - The company's total liabilities increased, with accounts payable rising by 142.88% to ¥193,824,823.56, reflecting higher unpaid goods and service costs[10]. - Current liabilities rose to CNY 529,080,854.01, compared to CNY 455,679,642.57, indicating an increase of about 16.0%[30]. - The total liabilities amounted to CNY 630,581,296.95, compared to CNY 558,152,009.40, indicating an increase of about 12.9%[30]. Cash Flow - The net cash flow from operating activities was negative at -¥25,721,050.91, a significant decrease of 109.30% compared to ¥276,495,494.06 in the same period last year[2]. - The cash inflow from operating activities amounted to ¥747,164,574.11, an increase of 10.2% compared to ¥678,051,125.73 in the previous period[42]. - The cash outflow from operating activities totaled ¥772,885,625.02, significantly higher than ¥401,555,631.67 in the previous period, resulting in a net cash flow from operating activities of -¥25,721,050.91[44]. - The company experienced a net cash decrease of ¥78,778,769.72 in cash and cash equivalents during the period[45]. Shareholder Information - The top shareholder, Chongqing Fuling State-owned Assets Investment and Operation Group, holds 39.65% of the shares, totaling 312,998,400 shares[6]. - The company did not engage in any repurchase transactions during the reporting period[8]. Research and Development - R&D expenses increased by 149.30% to ¥2,326,972.81, reflecting investments in the development of a new pickling machine prototype[10]. - Research and development expenses increased to ¥2,326,972.81 from ¥933,415.21, showing a growth of approximately 149.5%[36]. Inventory and Accounts Receivable - Accounts receivable increased by 1813.31% to ¥52,341,057.43 due to relaxed credit limits for certain customers to enhance new product sales and competitiveness[10]. - Inventory rose by 68.67% to ¥645,696,830.76 primarily due to increased raw material acquisitions[10]. - Inventory levels rose to CNY 645,696,830.76, up from CNY 382,821,548.88, reflecting an increase of approximately 68.8%[27]. Regulatory Approvals - The company received approval from the China Securities Regulatory Commission (CSRC) for its non-public offering of A-shares on January 13, 2021[17]. - The company held a temporary shareholders' meeting on December 30, 2020, to approve the non-public offering of A-shares[19]. - The CSRC accepted the company's application for the non-public offering on December 11, 2020[17]. - The company submitted its application for the non-public offering on September 18, 2020[19]. - The company adjusted its non-public offering plan during a board meeting on October 27, 2020[19]. - The company received a feedback notice from the CSRC regarding its application on October 12, 2020[19]. - The company terminated its previous non-public offering application on November 18, 2020[16]. - The company plans to proceed with the non-public offering within the validity period of the approval[17]. - The company obtained approval from the Chongqing State-owned Assets Supervision and Administration Commission for the non-public offering on September 7, 2020[19]. - The company disclosed its decision to withdraw the previous non-public offering application on November 19, 2020[16]. Other Financial Information - The company has no investment income this period, compared to ¥7,180,309.80 in the same period last year, indicating a shift away from bank wealth management products[11]. - There were no significant changes in the company's financial asset investments or derivative investments during the reporting period[22][23]. - The company reported no overdue commitments from major shareholders or related parties during the reporting period[26]. - The company did not engage in any entrusted wealth management activities during the reporting period[24]. - There were no violations regarding external guarantees during the reporting period[26]. - The company held an investor meeting on March 23, 2021, to discuss the non-public stock issuance with potential investors[26]. - The company did not conduct an audit for the first quarter report, which may affect the reliability of the financial data presented[48].