银之杰(300085) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥308,501,427.76, representing a 20.39% increase compared to ¥256,253,083.08 in the same period last year[8]. - The net profit attributable to shareholders was -¥20,756,103.97, a decrease of 35.92% from -¥15,271,142.68 year-on-year[8]. - The net cash flow from operating activities was -¥42,717,944.97, which is a 31.97% decline compared to -¥32,368,601.42 in the previous year[8]. - The basic earnings per share were -¥0.0294, a decrease of 36.11% from -¥0.0216 in the same period last year[8]. - The diluted earnings per share were also -¥0.0294, reflecting the same percentage decrease of 36.11%[8]. - The weighted average return on net assets was -1.53%, a decline of 0.40 percentage points from -1.13% year-on-year[8]. - The net profit for Q1 2021 was -12,409,967.58 CNY, compared to -16,034,963.19 CNY in the same period last year, showing an improvement of approximately 22.5%[96]. - The total comprehensive income for the period was -12,033,447.62 CNY, compared to -10,033,108.81 CNY in the previous year, indicating a decline of approximately 19.9%[100]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,007,463,880.78, down 4.69% from ¥2,106,152,382.64 at the end of the previous year[8]. - The total liabilities decreased from ¥714,827,251.07 to ¥636,101,533.64, a decrease of approximately 11.0%[72]. - The company's total equity decreased from ¥1,391,325,131.57 to ¥1,371,362,347.14, a decline of about 1.4%[75]. - The company's cash and cash equivalents decreased significantly from ¥444,052,265.28 to ¥211,052,353.23, a drop of about 52.5%[76]. - The company's total current assets as of March 31, 2021, were 1,174.45 million yuan, down from 1,275.70 million yuan at the end of 2020[66]. - The accounts receivable decreased slightly to 354.08 million yuan from 361.53 million yuan year-over-year[66]. - The total amount of trade payables decreased by 15.21 million yuan, a decline of 32.53%, due to the settlement of bank acceptance bills[22]. Cash Flow - Cash flow from operating activities resulted in a net outflow of -42,717,944.97 CNY, worsening from -32,368,601.42 CNY in the prior year[105]. - The company reported a cash balance of 269,953,336.34 CNY at the end of the period, down from 359,509,831.00 CNY at the end of the previous year, a decrease of about 25%[107]. - Cash inflow from financing activities totaled 122,307,309.31 CNY, down from 152,019,597.32 CNY in the previous year, a decrease of about 19.6%[107]. - The net cash flow from investment activities was -110,479,339.41 CNY, a decrease compared to the previous period's net cash flow of 98,614,357.94 CNY[110]. Expenses - The total operating costs amounted to ¥328,636,051.06, up from ¥265,236,312.09, reflecting a significant increase in operational expenses[87]. - The company incurred a total operating expense of 385,261,705.91 CNY, compared to 301,101,234.10 CNY in the same period last year, reflecting an increase of approximately 28%[105]. - Research and development expenses increased by 6.54 million yuan, a growth of 42.43%, driven by investments in financial blockchain and smart locker projects[22]. - The company reported a loss from investments of ¥4,328,773.15, which is worse than the loss of ¥3,168,191.68 in the previous period, indicating challenges in investment performance[87]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 61,313, with the top ten shareholders holding significant stakes[13]. - The company's top five suppliers accounted for 46.72% of total procurement, a decrease of 1.19 percentage points year-on-year[31]. - The total sales amount from the top five customers is ¥80,275,956.39, accounting for 26.02% of the total sales during the reporting period, an increase of 6.56 percentage points compared to the same period last year[36][37]. Strategic Initiatives - The company plans to leverage opportunities in the financial technology sector, focusing on product and technology innovation to enhance core competitiveness[29]. - The company is actively seeking external development opportunities in the fintech sector to accelerate growth and enhance its business model[38]. - The company is investing in new business areas such as personal credit, internet insurance, and financial big data, which may require high initial investments and could impact short-term profitability[41]. - The company has implemented measures to manage risks related to short-term profitability and operational funding shortages, including improving accounts receivable management and utilizing financing platforms[39][42]. Governance and Compliance - The company is focusing on enhancing its governance structure and internal controls to ensure orderly operations and improve management efficiency[38]. - The company has disclosed that there are no issues in the use and disclosure of raised funds during the reporting period[59]. - The first quarter report was not audited[115]. - The company executed the revised accounting standards for leases starting January 1, 2021, but chose not to recognize right-of-use assets and lease liabilities[114].