国联水产(300094) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥1,088,363,107.09, representing a 15.14% increase compared to ¥945,219,855.98 in the same period last year[8] - Net profit attributable to shareholders decreased by 52.19% to ¥4,494,906.03 from ¥9,401,551.42 year-on-year[8] - The net profit after deducting non-recurring gains and losses was a loss of ¥5,940,886.96, a decline of 165.58% compared to a profit of ¥9,058,609.06 in the previous year[8] - The basic earnings per share decreased by 51.00% to ¥0.0049 from ¥0.01 in the same period last year[8] - The diluted earnings per share also decreased by 51.00% to ¥0.0049 from ¥0.01 year-on-year[8] - The weighted average return on net assets was 0.22%, down from 0.28% in the previous year[8] - The company reported a net loss of ¥61,548,139.87, slightly improved from a loss of ¥66,043,045.90 in the previous period[42] - Total operating revenue for Q1 2021 was CNY 690,073,964.74, a decrease from CNY 907,570,713.01 in the previous period[52] - Net profit for Q1 2021 was CNY 4,233,683.94, compared to CNY 6,354,184.46 in the same period last year, reflecting a decline of approximately 33.3%[49] - The total comprehensive income for the period was CNY 1,519,599.93, a decrease from CNY 7,491,312.48 in the previous year[50] Cash Flow and Assets - The net cash flow from operating activities improved by 138.02%, reaching ¥168,872,787.21, compared to a negative cash flow of ¥444,143,038.21 in the same period last year[8] - Cash and cash equivalents decreased by 70.67% to 137.53 million yuan due to the payment of special funds and repayment of due loans[19] - As of March 31, 2021, the company's current assets totaled CNY 3.39 billion, down from CNY 3.82 billion at the end of 2020, representing a decrease of approximately 11.2%[39] - Cash and cash equivalents decreased from CNY 468.99 million to CNY 137.53 million, a decline of about 70.7%[39] - The company reported a net decrease in cash and cash equivalents of -¥130,011,760.12, compared to -¥23,511,773.86 in the prior period[59] - The ending balance of cash and cash equivalents was ¥107,837,080.25, down from ¥199,277,316.27[59] Liabilities and Equity - Total assets at the end of the reporting period were ¥4,769,092,944.47, down 6.38% from ¥5,094,126,220.17 at the end of the previous year[8] - Current liabilities decreased to ¥2,176,429,301.75 from ¥2,714,244,021.54, indicating a reduction of approximately 19.7%[41] - The company's total liabilities decreased to ¥2,626,529,610.47 from ¥3,089,177,786.10, a reduction of approximately 15%[41] - Long-term borrowings increased to ¥223,190,082.08 from ¥149,770,239.53, reflecting a growth of approximately 49%[41] - Net assets attributable to shareholders increased by 4.00% to ¥2,105,373,166.98 from ¥2,024,335,164.97 at the end of the previous year[8] - The equity attributable to shareholders of the parent company rose to ¥2,105,373,166.98 from ¥2,024,335,164.97, marking an increase of about 4%[42] Government Support and Subsidies - The company received government subsidies amounting to ¥9,833,258.51 during the reporting period[9] - Other income increased by 482.42% to 9.83 million yuan, mainly due to an increase in government subsidies[20] Research and Development - Research and development expenses decreased by 45.25% to 5.83 million yuan, reflecting a reduction in R&D investment[20] - Research and development expenses were CNY 5,832,544.76, down from CNY 10,653,569.41 in the previous period, indicating a reduction of about 45.4%[49] Operational Strategies - The company established a "2211" electronic supervision model to enhance food safety management and traceability[24] - The company plans to strengthen its global supply chain and procurement teams in key raw material producing countries[25] - The company is focusing on expanding its domestic market while stabilizing its international market share amid uncertainties from the COVID-19 pandemic[26] Fundraising and Investments - The total amount of raised funds is CNY 602.42 million, with CNY 512.40 million already invested[31] - The cumulative proportion of changed use of raised funds is 0.00%[31] - Cash inflow from investment activities was recorded at ¥96,100,000.00, unchanged from the previous period[62] - Cash outflow for investment activities decreased to ¥18,798,087.17 from ¥40,303,964.35, a reduction of approximately 53.3%[62] Other Observations - The company has no overdue commitments from major shareholders or related parties during the reporting period[29] - The company has not experienced any significant changes in project feasibility or major changes in expected benefits[32] - There were no violations regarding external guarantees during the reporting period[33] - The company has not conducted any research, communication, or interview activities during the reporting period[35] - The company did not report any significant new product launches or market expansions during this period[58]