天禾股份(002999) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥2,771,124,653.78, representing a 25.39% increase compared to ¥2,210,024,071.69 in the same period last year[9] - The net profit attributable to shareholders was ¥9,752,535.19, up 10.58% from ¥8,819,628.91 year-on-year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥7,996,129.84, reflecting a 13.04% increase from ¥7,073,680.49 in the previous year[9] - The company reported a total comprehensive income of CNY 17,616,313.91, compared to CNY 17,059,047.72 in Q1 2020, indicating a growth of 3.3%[46] - Net profit for Q1 2021 was CNY 16,014,015.09, representing a slight increase of 5.9% from CNY 15,125,370.09 in Q1 2020[45] Cash Flow - The net cash flow from operating activities was -¥921,106,613.24, a significant decline of 292.05% compared to -¥234,946,950.30 in the same period last year[9] - Operating cash flow turned negative at -¥921,106,613.24, a 292.05% increase in cash outflow due to seasonal inventory buildup[18] - The company incurred a total operating cash outflow of 3,877,651,986.14 yuan, compared to 2,337,743,526.51 yuan in the same period last year[54] - The net cash flow from financing activities for Q1 2021 was CNY 610,679,938.65, significantly higher than CNY 295,042,720.79 in Q1 2020, marking a 106.5% increase[57] Assets and Liabilities - Total assets at the end of the reporting period reached ¥6,051,500,369.94, an 18.86% increase from ¥5,091,193,439.88 at the end of the previous year[9] - The total liabilities of the company rose to RMB 4.81 billion as of March 31, 2021, compared to RMB 3.86 billion at the end of 2020, indicating an increase of about 24.5%[37] - The company's total assets increased to CNY 5,450,742,373.40, compared to CNY 4,918,177,471.89 at the end of the previous period, reflecting a growth of 10.8%[41] Shareholder Information - The net assets attributable to shareholders were ¥1,039,544,997.56, showing a slight increase of 0.96% from ¥1,029,687,723.91 at the end of the previous year[9] - Basic earnings per share decreased by 20.00% to ¥0.04 from ¥0.05 in the same period last year[9] - The total equity of the company was CNY 859,454,901.77, a decrease of 0.3% from CNY 861,697,233.45 year-on-year[41] Operational Metrics - Accounts receivable increased by 627.89% to ¥312,286,793.71 due to seasonal business operations and customer payments during the credit period[17] - Inventory rose by 43.64% to ¥2,347,042,451.98 as the company actively stocked up for the peak season[17] - Cash received from sales increased by 40.56% to ¥2,953,754,651.60, driven by higher sales volume and increased customer payments[18] Management and Governance - The company appointed a new financial director, Xia Huanghui, effective from March 9, 2021, to enhance financial management[20] - There were no instances of non-operating fund occupation by controlling shareholders or related parties during the reporting period[30] - The company has not engaged in any entrusted wealth management activities during the reporting period[28] Regulatory and Compliance - The first quarter report for 2021 has not been audited[67] - The company has implemented the new leasing standards starting from 2021, affecting prior comparative data[66] - The company implemented new leasing standards starting in 2021, resulting in an increase of CNY 31,693,548.14 in right-of-use assets[62]