*ST佳沃(300268) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥1,152,213,847.21, representing a 12.96% increase compared to ¥1,020,052,323.63 in the same period last year[9] - The net profit attributable to shareholders was a loss of ¥156,251,327.86, a decline of 308.06% from a loss of ¥38,291,237.32 in the previous year[9] - The basic earnings per share were -¥0.8970, a decrease of 213.86% compared to -¥0.2858 in the previous year[9] - The company reported a net loss for Q1 2021 of CNY 191,910,810.79, worsening from a net loss of CNY 33,142,036.25 in the same period last year[51] - The company reported a net profit for the period of CNY -13,739,631.04, compared to CNY -29,038,888.88 in the same period last year, indicating an improvement[55] Cash Flow - The net cash flow from operating activities increased significantly to ¥159,799,976.99, up 1,345.15% from ¥11,057,703.46 in the same period last year[9] - Cash received from operating activities related to other business activities increased to ¥386,301,451.73 from ¥6,046,250.56 in the previous period, marking a growth of approximately 6,300%[61] - The cash flow from operating activities indicates a strong recovery and operational efficiency improvement[61] - The net cash flow from operating activities for the current period is ¥45,741,098.65, a significant improvement compared to the previous period's net cash flow of -¥77,429,142.51[61] - The cash inflow from operating activities was significantly higher than cash outflow, resulting in a positive net cash flow[61] Assets and Liabilities - Total assets at the end of the reporting period were ¥11,126,268,242.16, a 1.09% increase from ¥11,006,213,936.23 at the end of the previous year[9] - The total liabilities as of March 31, 2021, were CNY 9,910,675,424.34, an increase of 3.13% compared to CNY 9,609,762,794.89 at the end of 2020[43] - The total owner's equity remained stable at CNY 2,157,775,817.56 as of March 31, 2021[43] - The total current assets amounted to CNY 3,302,694,145.55, a decrease of 3.55% from CNY 3,424,056,109.42 on December 31, 2020[40] - The total non-current assets increased to CNY 7,823,574,096.61 from CNY 7,582,157,826.81, indicating a growth of 3.19%[42] Shareholder Information - The total number of shareholders at the end of the reporting period was 7,674[12] - The largest shareholder, Jiawo Group Co., Ltd., held 46.08% of the shares, with 40,200,000 shares pledged[12] Market and Operational Strategy - The company plans to enhance its salmon business in the Chinese market and maintain a focus on high-end animal protein sectors, leveraging its global resources[20] - The company aims to mitigate risks from raw material price fluctuations and market competition by adjusting procurement strategies and seeking upstream resource acquisition opportunities[21] - The company is actively monitoring market recovery trends and adjusting sales quotas and ratios in different regions to optimize overall sales strategies[24] COVID-19 Impact and Response - The net profit attributable to shareholders was -¥156,251,327.86, a decrease of 308.06% year-on-year, mainly due to the ongoing impact of the COVID-19 pandemic[19] - The company is actively monitoring the impact of the COVID-19 pandemic and has implemented measures to ensure the continuity of production and operations[23] - The company has implemented various measures to ensure smooth business operations and logistics amidst the COVID-19 pandemic, with a focus on maintaining production safety and employee protection[24] - The company anticipates that the recovery of international air and sea transport will gradually lower transportation costs for its salmon business, leading to improved operational performance[19] Quality Control and Safety - The company has established a food safety assurance system that complies with international standards, including GMP, SSOP, HACCP, and BRC, to enhance product quality control[25] - The company has established an emergency system for consumer complaints and quality issues to minimize food safety risks[25] - The company is focused on standardizing production and management processes to ensure high levels of food safety and quality control[25] - The company is committed to purchasing commercial insurance to mitigate risks related to environmental pollution and natural disasters affecting its salmon business[26] Investment and Financing - The total amount of raised funds is 39,993.22 million yuan, with 100% of the funds allocated to supplementing working capital[31] - The net interest income from raised funds amounted to CNY 3,416.81, which will be used to supplement working capital[38] - Cash inflow from financing activities increased to ¥283,000,000.00 from ¥113,000,000.00 in the previous period, representing a growth of approximately 150%[63]