大叶股份(300879) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was CNY 543,540,138.85, representing an increase of 11.99% compared to CNY 485,339,620.25 in the same period last year[7] - Net profit attributable to shareholders decreased by 5.29% to CNY 40,395,934.17 from CNY 42,650,648.59 year-on-year[7] - The net profit after deducting non-recurring gains and losses increased by 2.39% to CNY 49,068,013.09 compared to CNY 47,921,458.17 in the previous year[7] - Basic and diluted earnings per share decreased by 30.56% to CNY 0.25 from CNY 0.36 year-on-year[7] - The weighted average return on equity was 4.30%, down from 8.53% in the previous year, a decrease of 4.23 percentage points[7] - The company achieved operating revenue of 543.54 million yuan, an increase of 11.99% compared to the same period last year[19] - Net profit attributable to shareholders was 40.40 million yuan, a decrease of 5.29% year-on-year, while the net profit after deducting non-recurring gains and losses was 49.07 million yuan, an increase of 2.39%[19] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -89,833,275.81, a decline of 184.36% from CNY 106,493,879.07 in the same period last year[7] - Cash flow from operating activities showed a net outflow of -898.33 million yuan, a decline of 184.36% year-on-year, attributed to higher procurement payments and decreased sales collections[20] - Cash and cash equivalents increased by 47.86% to CNY 229,043,165.35 from CNY 154,910,398.30 due to an increase in bank acceptance bill guarantees and tax refunds received[17] - The cash inflow from sales of goods and services was CNY 271,938,536.90, a decline of 29.4% from CNY 385,340,780.68 in the previous year[49] - The cash flow from financing activities showed a net inflow of CNY 198,332,408.18, significantly higher than CNY 18,830,647.79 in Q1 2020[51] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,050,335,666.64, an increase of 12.10% from CNY 1,829,052,817.76 at the end of the previous year[7] - The total liabilities of the company increased to CNY 1,090,447,585.46 from CNY 909,790,008.85, which is an increase of approximately 19.8%[34] - The company's equity attributable to shareholders rose to CNY 959,888,081.18 from CNY 919,262,808.91, reflecting a slight increase of about 4.4%[35] - Accounts receivable surged by 141.76% to CNY 462,160,798.96 compared to CNY 191,161,179.67, attributed to extended credit terms offered to major customers[17] - Short-term borrowings rose by 68.83% to CNY 495,382,494.62 from CNY 293,423,356.17, indicating significant borrowing activity[17] Expenses and Costs - Total operating costs for Q1 2021 were CNY 477,837,058.31, up from CNY 426,240,417.33 in the same period last year, reflecting a growth of 12.09%[41] - The company reported a 42.75% increase in selling expenses, totaling CNY 12,438,402.28, primarily due to business expansion efforts in the North American market[17] - Management expenses increased by 59.90% to 109.97 million yuan, primarily due to increased operational costs from subsidiaries[20] - Financial expenses decreased by 62.23% to -13.48 million yuan, mainly due to favorable exchange rate fluctuations compared to the previous year[20] Tax and Non-Recurring Items - The company reported non-recurring losses totaling CNY -8,672,078.92 during the reporting period[8] - The company’s tax payable increased by 165.48% to CNY 16,818,939.76 from CNY 6,335,317.67, due to changes in tax policy affecting the payment schedule[17] - The company’s profit margin was impacted by a 39.03% decrease in taxes and surcharges, totaling CNY 1,705,096.68, due to lower deductible tax amounts[17] Investments and Future Plans - The company invested a total of 20.98 million yuan from the raised funds during the quarter, with a cumulative investment of 365.73 million yuan[24] - The company plans to produce an additional 900,000 units of landscaping equipment by October 31, 2021, with a project investment total of 365.26 million yuan[24] - The company plans to continue investing the remaining raised funds into committed projects, with no substantial impact on project implementation expected[25] Miscellaneous - The company reported no violations regarding external guarantees during the reporting period[26] - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[27] - The company has not engaged in any research, communication, or interview activities during the reporting period[28] - The company did not undergo an audit for the first quarter report[56] - The company did not apply the new leasing standards for the current financial year[55]