加加食品(002650) - 2021 Q1 - 季度财报

Financial Performance - Revenue for Q1 2021 was CNY 509,656,271.74, an increase of 3.57% compared to CNY 492,107,478.41 in the same period last year[8] - Net profit attributable to shareholders decreased by 13.39% to CNY 43,536,265.85 from CNY 50,268,199.93 year-on-year[8] - Net profit excluding non-recurring items fell by 21.09% to CNY 39,510,334.14 compared to CNY 50,067,064.14 in the previous year[8] - Basic and diluted earnings per share were both CNY 0.038, down 13.64% from CNY 0.044[8] - The total operating income for the first quarter was CNY 199,006,341.29, a decrease from CNY 207,659,392.58 in the previous period[62] - The net profit for the first quarter was CNY 43,536,265.85, down from CNY 50,268,199.93 year-over-year, representing a decline of approximately 13.5%[60] - The total comprehensive income for the first quarter was CNY 32,731,590.97, down from CNY 50,268,199.93 in the previous year[60] - The operating profit for the first quarter was CNY 56,504,263.60, compared to CNY 66,042,268.73 in the previous period, reflecting a decrease of approximately 14.5%[60] Cash Flow and Assets - Operating cash flow decreased by 22.32% to CNY 90,366,752.33 from CNY 116,325,214.92 in the same period last year[8] - Cash received from other operating activities increased by 486.00% to CNY 12,096,795.71, mainly due to increased bank deposit interest income and subsidy income[18] - Total cash and cash equivalents at the end of the period reached CNY 565,131,741.21, up from CNY 306,892,641.19, representing an increase of 84.2%[68] - The cash inflow from operating activities was CNY 571,160,817.95, slightly up from CNY 559,291,166.14 in the previous period[66] - The cash outflow from investment activities was CNY 9,844,560.54, significantly lower than CNY 30,834,888.23 in the previous period, indicating a reduction of 68.0%[67] - The net cash flow from financing activities was -CNY 39,760,421.97, compared to -CNY 15,533,728.14 in the previous period, reflecting a decline of 155.5%[68] - The company's cash and cash equivalents increased to CNY 724,312,412.70 from CNY 686,739,661.85 at the end of 2020, reflecting a growth of approximately 5.5%[49] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 39,229[11] - The largest shareholder, Hunan Zhuoyue Investment Co., Ltd., held 18.79% of the shares, amounting to 216,419,200 shares[11] - The company’s major shareholder, Excellence Investment, has pledged 216,000,000 shares, representing 99.78% of its holdings and 18.75% of the total shares outstanding[31] - The actual controller of the company, Yang Zhen, has pledged 116,840,000 shares, which is 99.20% of his holdings and 10.14% of the total shares outstanding[31] Legal and Compliance Issues - The company has initiated legal proceedings against Youxuan Capital for breach of contract, seeking compensation for economic losses and damage to market reputation[27] - The company has been involved in multiple lawsuits related to contract disputes, with ongoing cases still pending in higher courts[28] - The company was penalized by the China Securities Regulatory Commission for information disclosure violations, leading to multiple lawsuits filed by investors seeking civil compensation[32] - The company actively sought third-party guarantees to mitigate potential losses from the illegal guarantees before resolving the issue[34] - The company has faced ongoing litigation related to investor lawsuits, with updates provided regularly[38] Investments and Funds - The company has invested CNY 100 million in the merger fund as of December 31, 2020[20] - The company participated in establishing a new investment fund with a total contribution of CNY 15 million[21] - The company holds a 99.995% stake in the He Xing Fund, with an investment of CNY 20 million[23] - The company holds a 1.4499% indirect stake in Baba Foods, which is set to go public with an IPO of up to 62 million shares approved by the China Securities Regulatory Commission[24] - The company has recovered a total of RMB 178,255,000 from investment projects, including RMB 94,040,000 in principal and RMB 84,185,000 in returns as of December 31, 2019[24] Financial Position - Total assets at the end of the reporting period were CNY 3,122,826,510.04, a slight decrease of 0.17% from CNY 3,128,197,958.46 at the end of the previous year[8] - The company's total equity stood at CNY 2,465,188,232.96, which includes share capital of CNY 1,152,000,000.00 and retained earnings of CNY 876,101,887.50[78] - The company's long-term equity investments decreased to CNY 272,687,563.27 from CNY 285,029,345.10, a decrease of approximately 4.3%[50] - The total current liabilities were reported at CNY 355,296,232.57, with accounts payable slightly increasing to CNY 87,724,200.05 from CNY 87,383,955.39[50] Operational Insights - The company regained full operational control of its e-commerce business after resolving disputes with partners[29] - The company did not engage in any significant new product development or market expansion strategies during the reporting period[43] - The company has adopted new leasing standards effective January 1, 2021, impacting the recognition of right-of-use assets and lease liabilities[76] - The first quarter report for 2021 was not audited, indicating that the figures may be subject to change upon final review[79]