司尔特(002538) - 2021 Q1 - 季度财报

Important Notice The company's management guarantees the truthfulness, accuracy, and completeness of this report's content and financial statements - The company's Board of Directors, Supervisory Board, and all directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of this report's content, free from false records, misleading statements, or material omissions[3] - The company's principal officer, head of accounting, and head of accounting department declare that the financial statements in this quarterly report are true, accurate, and complete[3] Company Profile This section outlines the company's key financial data, performance indicators, and shareholder information Key Accounting Data and Financial Indicators Q1 2021 saw revenue decline 10.42%, net profit rise 48.84%, operating cash flow turn negative, and total assets grow 12.95% Key Financial Indicators for Q1 2021 | Metric | Current Period | Prior Year Period | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 768,634,765.51 | 858,085,174.68 | -10.42% | | Net Profit Attributable to Shareholders (RMB) | 90,513,693.17 | 60,812,826.53 | 48.84% | | Net Cash Flow from Operating Activities (RMB) | -253,025,068.19 | 554,097,911.70 | -145.66% | | Basic Earnings Per Share (RMB/share) | 0.13 | 0.085 | 52.94% | | Weighted Average Return on Net Assets | 2.19% | 1.57% | Increased by 0.62 percentage points | | Total Assets (RMB) | 6,888,092,684.35 | 6,098,421,829.77 | 12.95% (Compared to Year-End Prior Period) | | Net Assets Attributable to Shareholders (RMB) | 4,162,561,944.13 | 4,072,046,596.17 | 2.22% (Compared to Year-End Prior Period) | - During the reporting period, total non-recurring gains and losses amounted to RMB 9.59 million, primarily from government grants[8] Shareholder Information As of period-end, the company had 35,757 common shareholders, with the largest shareholder's majority stake pledged and frozen - As of the end of the reporting period, the total number of common shareholders was 35,757[10] Top Three Shareholders' Holdings | Shareholder Name | Shareholding Percentage | Number of Shares Held | Share Status | | :--- | :--- | :--- | :--- | | Guogou Industrial Holding Co., Ltd. | 25.35% | 182,050,800 | Pledged 179,530,000 shares, Frozen 182,050,800 shares | | Ningguo City Agricultural Production Materials Co., Ltd., Anhui Province | 11.41% | 81,951,500 | - | | Ningguo Zhitong Industrial Investment Center (Limited Partnership) | 4.98% | 35,800,009 | - | - Shareholder Ningguo Agricultural Materials Co. and Mr. Jin Guoqing, the company's Chairman, constitute a concerted action relationship[11] Significant Events This section details significant financial changes, commitment fulfillment, fundraising progress, and entrusted financial management Analysis of Major Financial Data Changes Q1 financial data showed significant changes in other non-current assets, payables, operating profit, and operating cash flow Changes and Reasons for Major Financial Indicators | Item | Change Percentage | Explanation of Change | | :--- | :--- | :--- | | Other Non-current Assets | 3223.78% | Primarily due to payment for the acquisition of 60% equity in Lufa | | Operating Profit | 52.94% | Primarily due to increased product gross margin | | Net Cash Flow from Operating Activities | -145.66% | Primarily due to increased payments for active inventory procurement of raw materials | | Net Cash Flow from Financing Activities | 263.52% | Primarily due to increased loans | Fulfillment of Commitments During the reporting period, the company had no overdue unfulfilled commitments from related parties - The company had no overdue unfulfilled commitments during the reporting period[16] Progress of Proceeds from Fundraising The company raised RMB 781 million via convertible bonds in 2019, with RMB 164.21 million used and RMB 649.77 million remaining - In 2019, the company raised RMB 781 million through the issuance of convertible bonds[19] - As of March 31, 2021, RMB 164.21 million of the proceeds had been used, with a balance of RMB 649.77 million[19] Entrusted Financial Management The company invested RMB 1 billion in bank wealth management products, with RMB 940 million unmatured and no overdue amounts Entrusted Financial Management (Unit: RMB 10,000) | Source of Funds | Amount Incurred | Unmatured Balance | Overdue Unrecovered Amount | | :--- | :--- | :--- | :--- | | Proceeds from Fundraising | 50,000 | 50,000 | 0 | | Own Funds | 50,000 | 44,000 | 0 | | Total | 100,000 | 94,000 | 0 | Financial Statements This section presents the company's consolidated and parent financial statements, including balance sheet, income statement, and cash flow Financial Statements This chapter provides the company's consolidated and parent company balance sheets, income statements, and cash flow statements for the first quarter of 2021 Consolidated Balance Sheet As of March 31, 2021, total assets were RMB 6.89 billion, total liabilities RMB 2.64 billion, and parent equity RMB 4.16 billion Key Items from Consolidated Balance Sheet (Unit: RMB) | Item | March 31, 2021 | December 31, 2020 | Change | | :--- | :--- | :--- | :--- | | Total Assets | 6,888,092,684.35 | 6,098,421,829.77 | +12.95% | | Total Liabilities | 2,639,024,947.24 | 1,940,372,435.92 | +36.01% | | Total Equity Attributable to Parent Company Owners | 4,162,561,944.13 | 4,072,046,596.17 | +2.22% | Consolidated Income Statement In Q1 2021, revenue was RMB 768.63 million, operating profit RMB 110.77 million, and net profit RMB 90.51 million Key Items from Consolidated Income Statement (Unit: RMB) | Item | Current Period Amount | Prior Period Amount | Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 768,634,765.51 | 858,085,174.68 | -10.42% | | Total Operating Costs | 669,937,594.87 | 788,179,819.03 | -14.99% | | Operating Profit | 110,771,134.27 | 72,428,988.77 | +52.94% | | Net Profit Attributable to Parent Company Shareholders | 90,513,693.17 | 60,812,826.53 | +48.84% | Consolidated Cash Flow Statement Q1 2021 operating cash flow was -RMB 253.03 million, investing cash flow turned positive, and financing cash flow increased 263.52% Key Items from Consolidated Cash Flow Statement (Unit: RMB) | Item | Current Period Amount | Prior Period Amount | Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -253,025,068.19 | 554,097,911.70 | -145.66% | | Net Cash Flow from Investing Activities | 25,983,431.12 | -110,516,211.34 | -123.51% | | Net Cash Flow from Financing Activities | 185,176,191.66 | 50,940,079.45 | +263.52% | | Net Increase in Cash and Cash Equivalents | -41,865,445.41 | 494,521,779.81 | -108.47% | Explanation of Financial Statement Adjustments The company adopted new lease standards from January 1, 2021, but no adjustments were required due to short-term lease operations - The company adopted new lease standards from January 1, 2021, and chose not to recognize right-of-use assets and lease liabilities for its short-term lease business, thus requiring no adjustment to opening balances[53] Audit Report This quarterly report has not been audited - The company's Q1 2021 report is unaudited[55]