GRKJ(SZ:300600)2021-04-25 16:00Revenue and Profit - The company's revenue for Q1 2021 was ¥60,996,408.12, a decrease of 25.88% compared to ¥82,291,364.97 in the same period last year[6] - Net profit attributable to shareholders was ¥4,474,722.36, down 43.73% from ¥7,952,703.39 year-on-year[6] - Basic earnings per share decreased by 33.33% to ¥0.02 from ¥0.03 in the same period last year[6] - The total operating income for the first quarter was CNY 56,412,790.51, a decrease from CNY 84,465,308.41 in the previous period[42] - The operating profit for the quarter was CNY 5,079,857.54, down from CNY 9,603,678.80 year-over-year, representing a decline of approximately 47%[38] - The total comprehensive income for the quarter was CNY 4,474,722.36, compared to CNY 7,952,703.39 in the same period last year[39] Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥40,166,551.60, a 72.64% increase compared to -¥150,929,652.93 in the previous year[6] - The company's cash and cash equivalents at the end of the period amounted to CNY 139.42 million, a decrease of 31.82% compared to the beginning of the year, primarily due to increased payments for goods[17] - The company reported a cash balance of 137,665,700.39 CNY at the end of the period, down from 219,340,331.36 CNY in the previous period[48] - Total cash inflow from operating activities was 152,905,623.06 CNY, while cash outflow was 193,072,174.66 CNY, resulting in a net cash flow deficit[47] - The company experienced a net decrease in cash and cash equivalents of -61,021,989.70 CNY during the period[48] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,859,988,278.34, reflecting a 2.35% increase from ¥1,817,318,822.01 at the end of the previous year[6] - The company's total liabilities decreased by 35.49% for accounts payable, amounting to CNY 51.44 million, due to the maturity of notes payable during the reporting period[17] - Current liabilities rose to CNY 687,089,174.80, compared to CNY 648,790,391.95, indicating an increase of about 5.4%[29] - The total liabilities amounted to CNY 688,326,674.80, up from CNY 650,095,391.95, indicating an increase of approximately 5.9%[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,260[10] - The top shareholder, Gong Ruiliang, holds 29.67% of the shares, totaling 88,087,500 shares[11] Research and Development - The company's research and development expenses decreased by 53.43% compared to the same period last year, primarily due to reduced investment in R&D[18] - Research and development expenses were CNY 2,115,535.70, significantly lower than CNY 4,543,154.39 in the previous year, reflecting a reduction of approximately 53%[38] Financial Performance - The weighted average return on equity was 0.38%, down from 0.70% in the same period last year, a decrease of 0.32%[6] - The company's financial expenses decreased by 81.04% year-on-year, mainly due to reduced interest expenses[18] - The company incurred financial expenses of CNY 998,153.81, a decrease from CNY 5,263,803.29 in the previous year[38] Inventory and Receivables - The accounts receivable at the end of the period was CNY 191.58 million, down 43.32% from the beginning of the year, mainly due to the collection of matured notes[17] - The inventory at the end of the period increased to CNY 431.66 million, a growth of 49.64% compared to the beginning of the year, attributed to an increase in inventory goods[17] - Accounts receivable increased to CNY 454,235,440.71 from CNY 411,476,267.20, representing a growth of approximately 10.4%[31] - Inventory surged to CNY 423,760,913.86, up from CNY 281,471,727.50, marking an increase of about 50.4%[31] Non-Recurring Items - Non-recurring gains and losses amounted to ¥207,187.34 for the reporting period[7] - The company reported a credit impairment loss of CNY -3,682,791.89, compared to CNY -588,363.19 in the previous period, showing a substantial increase in losses[38] Other Income - The company's other income increased by 67.79% compared to the previous year, primarily due to a decrease in government subsidies recognized in the current period[18]