嘉寓股份(300117) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥342,717,122.42, representing a 62.68% increase compared to ¥210,663,876.77 in the same period last year[7] - The net profit attributable to shareholders was -¥18,026,778.35, an improvement of 56.40% from -¥41,347,509.31 year-on-year[7] - The net cash flow from operating activities was ¥5,625,905.37, a significant turnaround from -¥29,060,362.13 in the previous year, marking a 116.09% change[7] - The basic earnings per share were -¥0.03, a 58.08% improvement from -¥0.06 in the same period last year[7] - The weighted average return on net assets was -1.24%, slightly better than -1.33% in the previous year[7] - The company reported a net profit attributable to shareholders of CNY -18.03 million, an increase of 56.40% year-on-year, indicating improved performance despite a loss[17] - The net loss for Q1 2021 was CNY 18,026,778.35, compared to a net loss of CNY 41,347,509.31 in the same period last year[46] - The total comprehensive loss for Q1 2021 was CNY 18,071,541.19, compared to CNY 41,464,773.16 in the same period last year[47] - The net profit for the first quarter of 2021 was -2,307,825.91 CNY, a significant improvement from -21,230,534.75 CNY in the same period last year, indicating a reduction in losses[50] - Operating profit for the first quarter was -2,636,174.52 CNY, compared to -24,923,006.35 CNY in the previous year, showing a substantial decrease in operating losses[50] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,000,813,945.07, down 9.30% from ¥5,513,566,072.65 at the end of the previous year[7] - The company's current assets totaled CNY 4,287,738,098.25, down from CNY 4,792,410,964.23 at the end of 2020, indicating a decrease of about 10.5%[36] - The total liabilities decreased to CNY 3,561,693,336.88 from CNY 4,056,373,923.27, a reduction of approximately 12.2%[38] - The company's short-term borrowings were reduced to CNY 385,690,304.23 from CNY 631,920,121.12, indicating a decrease of about 38.9%[38] - The total equity attributable to shareholders of the parent company was CNY 1,439,120,608.19, down from CNY 1,457,192,149.38, a decline of approximately 1.2%[39] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,173[11] - The largest shareholder, Jiayu New Investment (Group) Co., Ltd., held 41.66% of the shares, totaling 298,597,706 shares[11] Operational Insights - Operating costs amounted to CNY 308.13 million, reflecting a 60.13% increase compared to the previous year, primarily due to reduced income in the same period last year caused by the pandemic[17] - Accounts receivable financing decreased by 73.91% to CNY 178.28 million, mainly due to a reduction in notes receivable during the reporting period[15] - The company’s research and development expenses decreased by 37.55% to CNY 5.70 million, indicating a reduction in R&D investment during the reporting period[15] - The company’s short-term borrowings decreased by 38.97% to CNY 385.69 million, primarily due to loan repayments made by the parent company[15] Market Position and Strategy - The company is a leading player in the system doors and windows industry, with strong stability and independent innovation capabilities, which positions it favorably against competitors in the mid-to-high-end market[23] - The company is expanding its photovoltaic new energy business to reduce risks associated with its primary doors and windows operations, leveraging its nationwide production base to rapidly develop photovoltaic power station EPC business[23] - The company is transitioning from a decentralized to a centralized operational strategy in the doors and windows industry, focusing on system research and technical services, while also expanding into green building and photovoltaic thermal fields[24] Risk Factors - The company faces risks related to macroeconomic cycles and industry policies, particularly in the real estate and renewable energy sectors, which could impact profitability[20] - The ongoing COVID-19 pandemic poses risks to the company's operations, particularly if international conditions do not improve or if domestic outbreaks occur, which could challenge the company's performance[25] Governance and Compliance - The company has made commitments regarding non-competition and related party transactions to protect shareholder interests, ensuring compliance with corporate governance standards[28] - There were no violations regarding external guarantees during the reporting period, reflecting sound financial governance[31] - The company did not engage in any non-operating fund occupation by controlling shareholders or related parties during the reporting period, ensuring financial integrity[31] Cash Flow and Financing - Cash flow from operating activities generated a net inflow of 5,625,905.37 CNY, a recovery from a net outflow of -29,060,362.13 CNY in the same quarter last year[54] - The net cash flow from financing activities was 30,985,784.73 CNY, a turnaround from -147,769,831.47 CNY in the same quarter last year[55] - The ending balance of cash and cash equivalents was -28,088,385.85 CNY, compared to 150,090,972.82 CNY at the end of the previous year, indicating a cash deficit[55] - The company reported cash inflows from operating activities of 477,612,596.41 CNY, down from 829,626,804.43 CNY in the same period last year[54] - Cash outflows for purchasing goods and services amounted to 380,750,733.82 CNY, compared to 617,346,007.08 CNY in the previous year, indicating a reduction in expenditure[54]