西部牧业(300106) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥243,012,169.11, representing a 59.98% increase compared to ¥151,899,794.36 in the same period last year[7] - Net profit attributable to shareholders was ¥2,176,693.60, a significant turnaround from a loss of ¥4,381,268.61 in the previous year, marking a 149.68% improvement[7] - The net profit after deducting non-recurring gains and losses reached ¥2,854,544.18, up 166.14% from a loss of ¥4,315,758.21 in the prior year[7] - Basic earnings per share improved to ¥0.0103 from a loss of ¥0.0207, reflecting a 149.76% increase[7] - Operating profit rose by 433.42% year-on-year, amounting to 7.41 million yuan[16] - Net profit attributable to shareholders increased by 149.68% year-on-year, totaling 2.18 million yuan[16] - The net profit for Q1 2021 was CNY 6,445,424.36, a turnaround from a net loss of CNY 2,461,224.55 in Q1 2020[36] - The company reported a gross profit margin of approximately 1.3% for Q1 2021, compared to a negative margin in the same period last year[34] Cash Flow - The net cash flow from operating activities was ¥2,345,861.72, a 144.85% increase from a negative cash flow of ¥5,230,851.30 in the same period last year[7] - Cash inflow from operating activities totaled 262,728,783.88 CNY, up from 151,784,595.77 CNY in the previous period[44] - The net cash flow from operating activities was 2,345,861.72 CNY, a significant improvement from -5,230,851.30 CNY in the previous period[44] - Cash outflow for purchasing goods and services was 218,518,655.37 CNY, compared to 129,494,760.36 CNY in the previous period[44] - Cash inflow from financing activities was 55,000,000.00 CNY, down from 67,500,000.00 CNY in the previous period[45] - The net cash flow from financing activities was 17,633,611.12 CNY, a decrease from 42,501,180.85 CNY in the previous period[45] - The ending balance of cash and cash equivalents was 225,615,605.55 CNY, compared to 126,588,156.94 CNY in the previous period[45] - The company reported a cash inflow of 199,341.00 CNY from the disposal of fixed assets[45] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,138,089,485.41, up 6.21% from ¥1,071,526,903.21 at the end of the previous year[7] - Current assets totaled CNY 564,166,703.21, up from CNY 491,709,753.45, indicating an increase of about 14.7%[27] - The company's cash and cash equivalents increased to CNY 231,035,169.55 from CNY 213,387,201.71, reflecting a growth of approximately 8.3%[26] - The total liabilities increased to CNY 477,476,056.10 from CNY 417,358,898.26, marking an increase of approximately 14.4%[28] - The total liabilities as of March 31, 2021, were CNY 245,934,541.84, compared to CNY 223,636,205.93 at the end of 2020, reflecting a 9.9% increase[33] - The company's total equity decreased slightly to CNY 646,437,011.53 from CNY 647,773,590.43, indicating a marginal decline[33] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,012[11] - The largest shareholder, Shihezi State-owned Assets Management (Group) Co., Ltd., holds 41.82% of the shares, totaling 88,378,171 shares[11] - The net assets attributable to shareholders increased slightly by 0.38% to ¥580,311,790.81 from ¥578,135,097.21 at the end of the last year[7] - The company's equity attributable to shareholders reached CNY 580,311,790.81, a slight increase from CNY 578,135,097.21, indicating a growth of about 0.4%[29] Research and Development - Research and development expenses surged by 313.41% year-on-year, primarily due to increased consulting fees[16] - Research and development expenses increased to CNY 1,170,573.94, up from CNY 283,148.39, indicating a focus on innovation[34] Strategic Initiatives - The company plans to strengthen the dairy and meat product industries, aiming to enhance overall economic efficiency[16] - The company is accelerating the acquisition and restructuring of Tian Shan Guang He Company to integrate the supply chain[17] - The company aims to improve its governance structure and increase the market-oriented selection ratio of its management team[18] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[34] - The increase in sales expenses to CNY 31,493,123.75 from CNY 19,650,411.56 suggests a strategic push for market penetration[34] Other Information - The company reported a government subsidy of ¥30,000.00 related to the "Strong Towns" project for technical training[8] - The company did not undergo an audit for the first quarter report[49]