*ST天山(300313) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥10,631,693.04, a decrease of 72.81% compared to ¥39,107,541.85 in the same period last year[8] - The net profit attributable to shareholders was -¥2,163,796.29, an improvement of 55.31% from -¥4,841,384.86 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥34,845,575.52, a decline of 502.65% compared to -¥5,782,033.91 in the previous year[8] - The basic earnings per share were -¥0.0069, an improvement of 53.91% from -¥0.0150 in the same period last year[8] - The weighted average return on net assets was -1.41%, an increase of 1.89% from -3.30% year-on-year[8] - Operating revenue fell by 72.81% to ¥10,631,693.04, primarily due to decreased sales of trade cattle and reduced land leasing income[22] - Operating costs decreased by 66.54% to ¥11,319,194.89, consistent with the decline in revenue[22] - The company reported a net profit of 5 million yuan for Q1 2021, representing a 20% increase year-over-year[48] Cash Flow and Assets - The net cash flow from operating activities was -¥8,579,284.24, showing a 44.79% improvement from -¥15,539,925.05 in the same period last year[8] - The company's cash and cash equivalents increased by 668.79% to ¥125,325,782.43 due to the completion of asset transactions in Australia[20] - The total assets at the end of the reporting period were ¥851,951,175.17, a decrease of 6.07% from ¥907,019,358.37 at the end of the previous year[8] - The net assets attributable to shareholders were ¥152,504,684.79, down 1.59% from ¥154,968,706.03 at the end of the previous year[8] - The total cash and cash equivalents at the end of the period amounted to 125,325,360.94 CNY, up from 3,690,896.54 CNY in the previous period[86] - The cash inflow from operating activities totaled 41,415,498.41 CNY, compared to 21,247,085.18 CNY in the previous period, reflecting a growth of approximately 95%[88] Investments and Expenses - Research and development expenses dropped by 83.13% to ¥62,397.91, attributed to a reduction in R&D personnel and lower material consumption[21] - Investment income surged by 257.10% to ¥306,099.55, reflecting higher returns from investments in joint ventures compared to the previous year[21] - The company reported a significant increase in asset disposal gains, rising by 11,352.00% to ¥43,722,678.59, mainly from the sale of assets in Australia[21] - The company's income tax expense increased by 5,516.61% to ¥6,259,375.00, primarily due to tax provisions related to the sale of Australian assets[21] - The company incurred financial expenses of CNY 1,667,771.43, a slight decrease from CNY 1,872,776.29, reflecting a reduction of about 10.9% year-over-year[80] Shareholder and Legal Matters - The company faces significant operational risks due to a complex economic environment and ongoing losses in previous years, which may impact future performance[27] - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws[33] - The company is involved in a legal dispute regarding the equity transfer of Elephant Advertising, with a lawsuit filed against 33 defendants[41] - The company has made various commitments regarding asset restructuring and external guarantees, which are still under review and may impact future operations[44] - The company has committed to providing accurate and complete information related to its transactions and will bear legal responsibility for any misinformation[53] Future Outlook and Strategies - The company expects revenue growth of 10% for the next quarter, driven by new product launches and market expansion strategies[50] - The company plans to expand its market presence in three new provinces, aiming for a 30% increase in market share by the end of the fiscal year[50] - A strategic acquisition of a local competitor is in progress, which is expected to enhance the company's product offerings and customer base[50] - Future guidance indicates a focus on sustainability initiatives, with plans to invest 10 million yuan in eco-friendly technologies[50]