Gifore(SZ:300022)2021-04-27 16:00Revenue and Profitability - The company's revenue for Q1 2021 was ¥357,085,147.02, representing a slight increase of 0.31% compared to ¥355,998,389.49 in the same period last year[7]. - The net profit attributable to shareholders was a loss of ¥4,047,900.54, an improvement of 65.33% from a loss of ¥11,676,948.67 in the previous year[7]. - Operating profit was ¥8,073,960.41, a year-on-year increase of 459.52%, while net profit reached ¥3,530,021.28, up 155.70%[23]. - The company reported a net loss of CNY -544,254,995.44, compared to a loss of CNY -540,207,094.90 in the previous period[42]. - The total comprehensive income for the quarter was CNY 3,530,021.28, compared to a loss of CNY 6,338,069.28 in the same period last year[50]. Cash Flow - The net cash flow from operating activities decreased by 49.36% to ¥43,768,221.38, down from ¥86,424,128.28 year-on-year[7]. - The net cash flow from operating activities for Q1 2021 was ¥43,768,221.38, a decrease of 49.3% compared to ¥86,424,128.28 in Q1 2020[57]. - Net cash flow from investing activities increased by 317.71% to ¥506,524.85, primarily due to increased cash received from the disposal of subsidiaries[25]. - The net cash flow from investment activities was ¥506,524.85, a recovery from a net outflow of ¥232,662.80 in Q1 2020[57]. - Total cash inflow from financing activities was ¥104,797,823.97, down 68.5% from ¥332,619,536.19 in the previous year[58]. Assets and Liabilities - Total assets increased by 24.42% to ¥2,034,942,382.40 from ¥1,635,528,810.90 at the end of the previous year[7]. - Total liabilities rose to CNY 1,742,980,217.69, compared to CNY 1,346,762,413.41, indicating an increase of about 29.4%[41]. - Current liabilities totaled CNY 1,734,359,170.76, up from CNY 1,336,017,995.49, reflecting a growth of approximately 30%[41]. - The balance of contract liabilities surged by 307.46% to ¥314,262,945.94, primarily due to an increase in customer prepayments[18]. - The balance of inventory rose by 78.78% to ¥651,214,922.08, attributed to stockpiling[15]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 39,164[11]. - The company announced a change in controlling shareholder to Sichuan Tequ, with the actual controller now being Mr. Wang Huiwu, following a series of stock transfers[28]. Financial Performance Metrics - The company reported a basic earnings per share of -¥0.0106, an improvement of 65.47% from -¥0.0307 in the same period last year[7]. - The weighted average return on equity improved to -6.39% from -15.17% year-on-year, reflecting better financial performance[7]. - The basic and diluted earnings per share were both reported at -0.0106, compared to -0.0307 in the previous year[50]. Expenses and Costs - The total operating costs amounted to CNY 349,941,824.47, with operating costs specifically at CNY 296,594,285.69, up from CNY 289,538,014.80[49]. - The company reported a significant increase in financial expenses, totaling CNY 11,147,688.46, compared to CNY 12,741,934.53 in the previous period[49]. - The company’s sales expenses were CNY 26,167,201.24, down from CNY 31,386,198.23 in the previous period[49]. - The management expenses decreased to CNY 15,344,577.15 from CNY 17,483,601.84 in the previous year[49]. Tax and Other Financial Items - The balance of taxes payable is ¥17,360,239.35, an increase of 51.32% compared to the beginning of the year, mainly due to the accrual of corporate income tax[20]. - Tax and additional charges amounted to ¥658,071.93, a decrease of 43.74% year-on-year, mainly due to reductions in property tax and land use tax[21]. - Interest income decreased by 32.71% to ¥577,073.20, primarily due to a reduction in bank interest[21]. - Credit impairment losses decreased by 111.54% to ¥797,166.60, mainly due to a reduction in the provision for bad debts[22]. - The company experienced a credit impairment loss of CNY 797,166.60, a significant improvement from a loss of CNY 6,908,842.95 in the previous period[49].