*ST美尚(300495) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was CNY 163,404,156.80, representing a 66.71% increase compared to CNY 98,017,424.38 in the same period last year[10] - Net profit attributable to shareholders was CNY 20,850,270.43, a significant turnaround from a loss of CNY 33,649,024.07 in the previous year, marking a 161.96% improvement[10] - Basic and diluted earnings per share were both CNY 0.0309, a recovery from a loss of CNY 0.0499 per share in the previous year, indicating a 161.96% increase[10] - The company's total revenue for the reporting period was CNY 163.40 million, an increase of 66.71% compared to the same period last year, primarily due to the normalization of business operations after the pandemic[20] - The net profit attributable to the parent company was CNY 20.85 million, a turnaround from a loss of CNY 33.65 million in the same period last year, marking a 161.96% improvement[20] - The total comprehensive income for the period was CNY 20,574,066.83, compared to a loss of CNY 34,219,604.76 in the previous year[46] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 29,072,049.32, compared to a negative cash flow of CNY 106,725,396.34 in the same period last year, reflecting a 127.24% increase[10] - Cash flow from operating activities generated a net inflow of CNY 29,072,049.32, a significant improvement from a net outflow of CNY 106,725,396.34 in the prior period[50] - The company's cash and cash equivalents decreased by 35.80% to CNY 163.69 million, primarily due to the repayment of maturing payables during the reporting period[20] - The cash and cash equivalents at the end of the period decreased to 11,522,480.39 from 1,340,510,679.88, reflecting a substantial decline[54] Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,083,983,231.64, a slight decrease of 0.08% from CNY 9,091,223,478.49 at the end of the previous year[10] - The company's total assets as of March 31, 2021, amounted to CNY 7,487,718,616.27, a decrease from CNY 7,567,339,314.14 at the end of 2020[37] - The company's total liabilities were reported at ¥5.20 billion, down from ¥5.22 billion, a decrease of about 0.4%[34] - Current liabilities decreased to ¥4.11 billion from ¥4.15 billion, reflecting a decline of approximately 0.8%[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,158[13] - The largest shareholder, Wang Yingyan, holds 29.84% of the shares, with 150,882,685 shares pledged[13] Research and Development - Research and development expenses rose significantly by 171.99% to CNY 9.26 million, indicating increased investment in R&D initiatives[20] - Research and development expenses for Q1 2021 were CNY 9,257,634.17, compared to CNY 3,403,677.72 in Q1 2020, marking an increase of about 172.5%[41] Investment Projects - The total amount of raised funds in the first quarter of 2021 was 91,812.05 million RMB, with 283.43 million RMB invested during the quarter[25] - The cumulative amount of raised funds used for investment projects reached 89,307.81 million RMB, representing a utilization rate of 97.26%[25] - The project "Chen Bar Hu Qi China Grassland Industry Cluster PPP" achieved 100.06% of its planned investment, totaling 45,027.36 million RMB[25] - The "Luzhou Bachelor Mountain Municipal Road and Park Greening Tourism Construction EPC Project" reached 99.99% of its planned investment, totaling 16,810 million RMB[25] - The "Rural Infrastructure Improvement Project in Luojiang County" achieved 100.00% of its planned investment, totaling 24,999 million RMB[25] Financial Strategy and Issues - The company is currently addressing non-operational fund occupation issues with its major shareholder, aiming for a resolution through state-owned asset acquisition[28] - The company has initiated measures to recover funds occupied by the controlling shareholder, with the first share transfer currently in process[28] - No new major shareholder or related party non-operational fund occupation activities were reported during the period[29] Operational Efficiency - Operating costs for the period were CNY 104.66 million, reflecting a 57.51% increase year-on-year, also attributed to the recovery from pandemic impacts[20] - The top five suppliers accounted for 49.96% of total purchases in the first quarter, with a total procurement amount of CNY 47.55 million[22] - The top five customers contributed 88.16% of total sales, with a combined sales amount of CNY 144.05 million[22]