Guangzhou Restaurant(603043)2021-04-28 16:00Financial Performance - Operating revenue for the first quarter was CNY 670,219,820.30, representing a year-on-year growth of 28.73%[10] - Net profit attributable to shareholders was CNY 47,579,674.12, a significant increase of 289.64% compared to the same period last year[10] - Basic earnings per share increased to CNY 0.1178, up 290.07% year-on-year[10] - Total operating revenue for Q1 2021 was 520.63 million in Q1 2020[39] - Net profit attributable to shareholders for Q1 2021 was 12.21 million in Q1 2020, marking a 289.5% increase[41] - Operating profit for Q1 2021 was 17.35 million in Q1 2020[39] - The company reported a total profit of 12.09 million in Q1 2020, reflecting a strong performance[39] Cash Flow - Net cash flow from operating activities was negative at CNY -130,011,110.19, compared to CNY -85,147,040.50 in the same period last year[10] - The total cash outflow from operating activities in Q1 2021 was RMB 834,131,212.17, up from RMB 629,036,219.33 in Q1 2020, representing a 32.6% increase[50] - The net cash flow from operating activities in Q1 2021 was negative RMB 130,011,110.19, worsening from negative RMB 85,147,040.50 in Q1 2020[50] - The cash outflow for purchasing goods and services in Q1 2021 was RMB 477,705,771.69, compared to RMB 355,932,721.03 in Q1 2020, reflecting a 34.2% increase[50] - The cash outflow for employee compensation in Q1 2021 was RMB 169,406,455.12, an increase of 27.4% from RMB 132,994,002.69 in Q1 2020[50] - The total cash inflow from investment activities in Q1 2021 was RMB 16,393.41, while cash outflow was RMB 95,386,692.24, resulting in a net cash flow of negative RMB 95,370,298.83[50] - The cash inflow from financing activities in Q1 2021 was RMB 10,032,728.14, down from RMB 100,237,574.84 in Q1 2020[50] - The cash outflow for debt repayment in Q1 2021 was RMB 100,000,000.00, with a net cash flow from financing activities of negative RMB 113,753,713.31[50] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 3,915,152,787.45, an increase of 2.03% compared to the end of the previous year[10] - Total liabilities increased to ¥1,309,336,572.64 as of March 31, 2021, compared to ¥1,278,519,917.50 at the end of 2020, reflecting a growth of approximately 2.4%[29] - Total equity attributable to shareholders rose to ¥2,585,914,036.87 as of March 31, 2021, up from ¥2,537,204,840.34 at the end of 2020, indicating an increase of about 1.9%[29] - Total current assets decreased to ¥1,356,333,424.53 from ¥1,618,547,507.67, reflecting a decline of about 16.2%[33] - Total non-current assets increased to ¥1,220,233,749.26 from ¥1,081,335,724.13, showing an increase of approximately 12.9%[33] - The total liabilities rose from CNY 1,278,519,917.50 in 2020 to CNY 1,573,955,419.33 in Q1 2021, marking an increase of about 23.1%[62] - The total assets increased from CNY 3,837,439,038.37 in 2020 to CNY 4,132,874,540.20 in Q1 2021, which is an increase of approximately 7.7%[58] Shareholder Information - The total number of shareholders at the end of the reporting period was 17,342[12] - The top shareholder, Guangzhou Municipal Government State-owned Assets Supervision and Administration Commission, held 273,488,960 shares, accounting for 67.70% of total shares[12] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 1,297,339.19, closely related to its normal business operations[10] - The company reported a non-operating income of CNY 193,691.80 from other sources[12] - Other income decreased by 75.83% to ¥1,297,339.19 from ¥5,367,940.71, primarily due to reduced government-related income[18] Changes in Assets - Prepaid accounts increased by 37.36% to ¥19,656,933.53 from ¥14,310,359.51 due to an increase in prepaid goods[18] - Other current assets rose by 32.97% to ¥47,904,515.86 from ¥36,026,711.02 primarily due to an increase in VAT credits[18] - Long-term equity investments surged by 264.40% to ¥37,869,342.08 from ¥10,392,256.25 as a result of increased external equity investments[18] - The company repaid short-term loans, resulting in a 100% decrease from ¥100,000,000.00 to ¥0[18] Financial Management - Financial expenses for Q1 2021 showed a net income of -4.51 million in Q1 2020, indicating improved financial management[39] - The company experienced a significant reduction in credit impairment losses, which were -1.93 million in Q1 2020[39] Research and Development - Research and development expenses for Q1 2021 totaled 11.41 million in Q1 2020[39]