克明食品(002661) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,104,484,096.87, representing a 24.62% increase compared to ¥886,251,445.61 in the same period last year[7] - The net profit attributable to shareholders decreased by 17.83% to ¥85,306,561.02 from ¥103,817,638.23 year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 33.17% to ¥66,335,293.49 compared to ¥99,252,464.90 in the previous year[7] - Basic earnings per share decreased by 20.62% to ¥0.258 from ¥0.325 year-on-year[7] - Total operating costs for Q1 2021 were CNY 1,031,274,236.26, up 35.5% from CNY 761,014,509.41 in Q1 2020[40] - The total comprehensive income for the first quarter amounted to CNY 994,014.84, compared to CNY 7,123,089.35 in the previous period[46] Cash Flow - The net cash flow from operating activities was ¥216,810,341.50, down 14.23% from ¥252,773,166.92 in the same period last year[7] - Cash inflows from operating activities totaled CNY 1,217,883,313.78, an increase from CNY 1,127,557,242.37 year-on-year, reflecting a growth of approximately 8%[49] - Cash outflows from investment activities were CNY 441,173,064.13, compared to CNY 776,576,186.36 in the previous period, showing a decrease of approximately 43%[50] - The net cash flow from investment activities was negative at CNY -96,110,723.64, an improvement from CNY -373,275,453.65 in the previous year[50] - Cash inflows from financing activities were CNY 399,043,260.42, down from CNY 710,936,920.80, representing a decline of about 44%[50] - The net cash flow from financing activities was CNY -291,902,935.07, compared to CNY 512,801,041.32 in the previous year, indicating a significant decrease[50] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,616,252,134.63, a decrease of 6.12% from ¥3,852,125,064.31 at the end of the previous year[7] - Total current assets decreased from CNY 1,415,357,953.24 to CNY 1,044,011,355.02, a decline of approximately 26.1%[29] - Total non-current assets rose from CNY 2,436,767,111.07 to CNY 2,572,240,779.61, an increase of approximately 5.6%[30] - Total liabilities decreased from CNY 1,285,920,414.01 to CNY 935,705,943.48, a decline of about 27.3%[31] - Total equity increased from CNY 2,566,204,650.30 to CNY 2,680,546,191.15, reflecting a growth of about 4.5%[33] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 41,002[10] - The largest shareholder, Hunan Kemin Food Group Co., Ltd., held 27.32% of the shares, totaling 92,082,387 shares[10] Government Support and Expenses - The company received government subsidies amounting to ¥24,542,148.76 during the reporting period[8] - Management expenses increased by 27.32% to ¥35,367,902.88, mainly due to increased depreciation expenses from fixed assets[14] - Tax expenses decreased by 57.74% to ¥9,408,821.80, due to reduced total profit and tax exemptions from Suiping Kemin's production[14] Inventory and Borrowings - Inventory decreased by 22.93% to ¥443,409,897.99, mainly due to consumption of previously purchased raw materials[14] - Short-term borrowings decreased by 42.83% to ¥360,490,874.99, attributed to repayment of bank loans[14] - Long-term borrowings decreased by 97.76% to ¥790,000.00, primarily due to repayment of long-term loans[14] Research and Development - Research and development expenses for Q1 2021 were CNY 6,085,925.21, slightly up from CNY 5,875,126.55 in Q1 2020[40] Other Financial Metrics - Investment income dropped by 98.41% to ¥86,969.20, mainly due to reduced income from bank wealth management products[14] - Other income for Q1 2021 was CNY 23,900,265.41, compared to CNY 2,629,596.43 in the same period last year[40] - The company reported a financial expense of CNY 2,169,655.80, significantly reduced from CNY 11,264,324.04 in the previous year[40] Audit Status - The first quarter report was not audited, which may affect the reliability of the financial data presented[55]