桂发祥(002820) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was CNY 114,052,444.59, representing a 24.45% increase compared to CNY 91,642,651.65 in the same period last year[8]. - Net profit attributable to shareholders reached CNY 8,994,229.82, a significant increase of 102.63% from CNY 4,438,809.69 year-on-year[8]. - Basic earnings per share doubled to CNY 0.04 from CNY 0.02, indicating strong profitability growth[8]. - The company's operating revenue for the first quarter of 2021 was RMB 114,052,444.59, representing a 24.45% increase compared to RMB 91,642,651.65 in the same period last year[15]. - The company reported a significant increase in interest income, which rose by 1015.24% to RMB 2,587,404.24 due to the non-use of temporarily idle funds[15]. - The company expects a net profit attributable to shareholders of between 1,500 and 2,200 million yuan, indicating a growth of 403.63% to 545.32% compared to the previous year[25]. - Basic earnings per share are projected to be between 0.07 and 0.11 yuan, reflecting an increase of 450.00% to 650.00% year-on-year[25]. - The total comprehensive income for the period was CNY 9,005,873.58, compared to CNY 4,416,757.76 in the previous period, marking a significant increase[48]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 29,122,315.76, up 38.95% from CNY 20,958,453.02 in the previous year[8]. - The cash flow from operating activities saw a dramatic increase of 908.40%, reaching RMB 2,903,228.65, attributed to interest income and government subsidies[16]. - The total cash inflow from operating activities was CNY 133,787,912.07, compared to CNY 109,395,550.49 in the previous year, indicating an increase of approximately 22.3%[51]. - The net cash flow from operating activities for the current period is CNY 12,671,440.56, an increase of 79.5% compared to CNY 7,072,063.27 in the previous period[55]. - The cash and cash equivalents at the end of the period increased to CNY 688,117,937.52 from CNY 129,550,944.85, reflecting a substantial rise[53]. - The cash and cash equivalents increased to 688.12 million yuan from 670.38 million yuan[34]. - The company's cash and cash equivalents at the end of the period increased to CNY 526,465,424.02 from CNY 46,179,195.33, marking a significant recovery[56]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,187,662,687.14, a 7.50% increase from CNY 1,104,812,117.33 at the end of the previous year[8]. - The company's total assets as of March 31, 2021, amounted to CNY 1,065,977,470.23, compared to CNY 1,015,806,531.96 at the end of 2020[40]. - Total liabilities increased to 116.27 million yuan from 42.42 million yuan, primarily due to an increase in lease liabilities[36]. - The total liabilities as of March 31, 2021, were CNY 56,997,175.68, significantly increased from CNY 12,802,568.53 at the end of 2020[40]. - The total amount of funds raised and used during the reporting period was RMB 6,267,570.69, with a cumulative total of RMB 410,203,154.31 used from the raised funds[23]. - The total liabilities increased to CNY 107,296,476.61, with a notable rise in non-current liabilities due to the implementation of new leasing standards[60]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,161[11]. - The largest shareholder, Tianjin Guifaxiang Food Group Co., Ltd., holds 32.35% of the shares, totaling 66,258,514 shares[11]. - The net assets attributable to shareholders increased by 0.85% to CNY 1,071,393,281.47 from CNY 1,062,387,407.89[8]. - The company's equity attributable to shareholders reached CNY 1,008,980,294.55 as of March 31, 2021, compared to CNY 1,003,003,963.43 at the end of 2020[40]. Research and Development - Research and development expenses increased by 62.72% to RMB 1,214,702.31, driven by increased investment in new products and projects[15]. - Research and development expenses for Q1 2021 were CNY 1,214,702.31, up from CNY 746,495.28 in the previous year, indicating increased investment in innovation[43]. - The company reported a decrease in research and development expenses to CNY 745,041.91 from CNY 750,932.89, a reduction of about 0.8%[47]. Government Support and Financial Management - The company received government subsidies amounting to CNY 1,034,264.88 during the reporting period[9]. - The company has not engaged in any securities or derivative investments during the reporting period[20][21]. - The company has not engaged in any entrusted financial management during the reporting period[27]. - There were no significant non-operating fund occupations by controlling shareholders or related parties during the reporting period[29]. - The company plans to use part of its temporarily idle funds to purchase safe short-term financial products, not exceeding RMB 40 million[17]. Strategic Focus and Future Outlook - The company plans to continue focusing on product innovation and management innovation to achieve its performance targets in the second quarter[25]. - The company has completed 76.76% of its committed investment projects, with a total investment of 20.57 million yuan out of a commitment of 28.66 million yuan[24]. Financial Reporting Standards - The company adopted new leasing standards starting January 1, 2021, impacting the financial statements[65]. - The first quarter report was not audited, indicating preliminary financial data[66].