*ST柏龙(002776) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was CNY 42,043,880.54, representing a decrease of 79.36% compared to the same period last year[9] - The net profit attributable to shareholders was a loss of CNY 16,276,496.16, a decline of 128.78% year-over-year[9] - The net cash flow from operating activities was negative CNY 40,520,214.21, down 167.30% from the previous year[9] - Basic and diluted earnings per share were both negative CNY 0.03, a decrease of 127.27% compared to the same period last year[9] - Total operating revenue for Q1 2021 was CNY 42,043,880.54, a decrease of 79.4% compared to CNY 203,676,619.10 in the same period last year[37] - Net profit for Q1 2021 was a loss of CNY 16,608,595.79, compared to a profit of CNY 56,181,258.71 in Q1 2020, representing a significant decline[39] - The net profit for the first quarter of 2021 was -11,235,570.72 CNY, compared to a profit of 50,668,211.76 CNY in the same period last year, representing a significant decline[44] - Operating profit for the first quarter was -13,468,013.99 CNY, down from 59,499,237.24 CNY year-over-year[44] - The total comprehensive income for the first quarter was -11,235,570.72 CNY, compared to 50,668,211.76 CNY in the previous year[44] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,056,526,305.96, an increase of 0.33% from the end of the previous year[9] - The company's total assets amounted to CNY 3,056,526,305.96, a slight increase from CNY 3,046,501,328.34 at the end of 2020[29][32] - The company's cash and cash equivalents decreased significantly from CNY 162,237,039.49 at the end of 2020 to CNY 49,626,897.77 by March 31, 2021, representing a decline of approximately 69.5%[29] - Accounts receivable increased from CNY 141,445,122.73 at the end of 2020 to CNY 145,266,799.51, indicating a growth of about 2.9%[29] - The company's inventory rose from CNY 68,613,346.52 to CNY 80,026,306.58, reflecting an increase of approximately 16.7%[29] - Total current liabilities increased from CNY 980,681,544.42 to CNY 1,007,844,661.23, marking a rise of about 2.8%[31] - The company's total liabilities also increased from CNY 1,007,050,234.39 to CNY 1,033,682,109.69, which is an increase of approximately 2.7%[31] - The equity attributable to the owners of the parent company decreased from CNY 2,041,403,311.94 to CNY 2,025,128,513.89, a decline of about 0.8%[32] Cash Flow - Cash flow from operating activities was -40,520,214.21 CNY, compared to a positive cash flow of 60,210,641.44 CNY in the previous year[47] - The company reported cash inflows from operating activities of 69,545,573.42 CNY, down from 252,843,768.52 CNY in the previous year[46] - Cash outflows from operating activities totaled 110,065,787.63 CNY, compared to 192,633,127.08 CNY in the same period last year[47] - The total cash inflow from financing activities was 52,760,138.89, while the cash outflow was 160,246,562.37, resulting in a net cash flow of -107,486,423.48[51] - The ending balance of cash and cash equivalents was 10,501,682.59, down from 157,784,175.42 at the beginning of the period[51] - The company reported a significant decrease in cash and cash equivalents by 147,282,492.83 during the quarter[51] Strategic Outlook - The company attributed the decline in performance to a decrease in clothing orders due to strategic adjustments by some brand clients[17] - The company is actively seeking to expand its customer base while maintaining service to existing clients, with expectations of increased sales orders in the future[17] Non-Operating Income and Expenses - The company reported non-operating income of CNY 994,473.95, primarily from government subsidies[10] - Research and development expenses for Q1 2021 were CNY 1,268,562.34, a decrease of 44.3% compared to CNY 2,280,058.96 in the same period last year[38] - The company reported a credit impairment loss of CNY -706,312.63 in Q1 2021, compared to a gain of CNY 1,219,779.61 in the same period last year[38] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,672[13] - The company reported no significant non-operating fund occupation by controlling shareholders or related parties during the reporting period[24] Other Information - The company has not engaged in any significant research and development activities or new product launches during the reporting period[25] - There were no overdue or unrecovered amounts related to entrusted financial management, indicating a stable financial management approach[23] - The company did not undergo an audit for the first quarter report[53] - The company did not apply the new leasing standards for the first quarter of 2021[52] - The cash flow from operating activities was not detailed in the provided documents[51] - The company has ongoing projects in fixed assets amounting to CNY 57,482,593.01, an increase from CNY 54,305,194.90 in the previous quarter[35]