熊猫乳品(300898) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥196,847,929.24, representing a 114.59% increase compared to ¥91,734,075.37 in the same period last year[8] - Net profit attributable to shareholders reached ¥14,559,365.79, a significant increase of 3,345.08% from ¥422,612.77 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥13,464,531.51, up 28,724.41% from ¥46,712.25 in the previous year[8] - The basic earnings per share (EPS) was ¥0.1174, reflecting a 2,508.89% increase from ¥0.0045 in the same period last year[8] - The weighted average return on equity (ROE) improved to 1.88%, compared to 0.08% in the previous year[8] - The company achieved operating revenue of ¥196,847,929.24, a year-on-year increase of 114.59%[19] - Net profit attributable to shareholders reached ¥14,559,365.79, reflecting a year-on-year growth of 3,345.08%[19] - The operating profit for the first quarter was CNY 21,519,712.69, a substantial rise from CNY 1,497,480.08 year-over-year, reflecting an increase of about 1,336.5%[48] - The total profit for the first quarter was CNY 21,269,941.76, compared to CNY 957,324.02 in the previous year, representing an increase of approximately 2,224.5%[48] Assets and Liabilities - The total assets at the end of the reporting period were ¥934,158,365.76, a decrease of 5.05% from ¥983,851,597.41 at the end of the previous year[8] - The total liabilities decreased to CNY 136,591,927.78 from CNY 203,654,874.71, a reduction of about 32.9%[40] - The company's cash and cash equivalents were CNY 85,413,916.42, down from CNY 97,265,140.74, a decline of approximately 12.5%[42] - Current assets decreased to CNY 511,241,064.57 from CNY 591,234,119.98, reflecting a decline of about 13.5%[42] - The total non-current assets increased to CNY 280,166,198.08 from CNY 275,103,776.32, reflecting a growth of about 1.4%[41] - The total equity attributable to shareholders rose to CNY 783,754,321.85 from CNY 769,194,956.06, an increase of about 1.9%[41] Cash Flow - The company reported a net cash flow from operating activities of -¥16,905,582.28, an improvement of 85.63% compared to -¥117,629,982.81 in the same period last year[8] - The cash inflow from operating activities was CNY 249,669,693.95, up from CNY 151,876,336.87 in the same quarter last year, marking an increase of about 64.4%[54] - The total cash outflow from operating activities was 125,799,441.07 CNY, compared to 153,616,764.88 CNY in Q1 2020, indicating improved cash management[57] - The total cash inflow from investment activities was 208,727,111.97 CNY, significantly higher than 69,401,313.41 CNY in Q1 2020, resulting in a net cash flow from investment activities of 73,111,118.01 CNY[55] - The net cash flow from financing activities was -63,131,607.09 CNY, a decline from 100,844,080.96 CNY in Q1 2020[56] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,108[11] - The company reported a total of 94,852,562 restricted shares at the beginning of the period, with 220,000 shares released during the period, resulting in 94,632,562 restricted shares at the end of the period[14] - The company has a total of 37,800,000 shares held by Ding An Ao Hua Food Technology Co., Ltd., which are subject to restrictions until October 16, 2023[14] - The company has 9,559,000 shares held by Guo Hong, which are also subject to restrictions until October 16, 2021[14] - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[13] Research and Development - The company increased its research and development investment, focusing on new product development to meet diverse consumer needs[20] - The company has completed the preliminary preparation for the production of personalized instant cheese sticks, which received positive feedback during the product launch[20] - The company's research and development expenses amounted to CNY 3,464,144.99, compared to CNY 3,205,664.23 in the previous year, showing an increase of approximately 8.0%[48] - The company plans to continue investing in new products and packaging in the cheese sector to enhance its market position[25] Market and Competition - The company faces risks from intensified market competition and fluctuations in raw material prices, which could impact profitability[23] - The company focuses on core dairy products such as condensed milk, cheese, and cream, while diversifying into plant-based foods and nutritional supplements[25] - The cheese segment is becoming a new growth point for the company, with the introduction of cheese sticks and mozzarella cheese series products[25] - The top five suppliers accounted for 87.92% of total annual purchases, indicating stable supplier relationships[21]