WINNERWAY(000573)2021-04-21 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥279,580,948.75, representing a 136.30% increase compared to ¥118,316,325.06 in the same period last year[9] - Net profit attributable to shareholders was ¥64,202,521.87, a significant increase of 1,179.69% from a loss of ¥5,946,378.68 in the previous year[9] - Basic earnings per share rose to ¥0.1006, compared to a loss of ¥0.0094 per share in the previous year, marking a 1,179.69% increase[9] - Total profit before tax was CNY 77,696,653.83, a 6401.87% increase compared to the previous period, mainly due to profits from real estate projects[16] - Net profit reached CNY 64,051,783.16, a significant increase of 1010.90% compared to the previous period, attributed to profits from self-operated real estate projects and investment income from a collaboration with Vanke[16] - Operating profit rose dramatically by 15591.83% to CNY 77,679,733.83, driven by significant investment income and operational profits[16] - The company reported a net profit of CNY 231,459,015.29 for the period, compared to CNY 167,323,361.47 in the previous year, marking an increase of approximately 38.4%[43] Cash Flow - The net cash flow from operating activities improved to ¥50,958,444.97, a 189.56% increase from a negative cash flow of ¥56,901,118.88 in the same period last year[9] - Cash inflow from operating activities totaled CNY 277,556,809.98, reflecting a 206.23% increase driven by higher product sales[17] - The total cash inflow from operating activities was ¥277,556,809.98, while cash outflow was ¥226,598,365.01, resulting in a healthy operational cash flow margin[59] - Total cash inflow from investment activities was ¥113,437,860.02, while cash outflow was ¥9,355,164.52, resulting in a net cash inflow of ¥104,082,695.50, compared to a net outflow of -¥6,781,917.22 in the previous year[60] - Cash inflow from financing activities amounted to ¥145,000,000.00, while cash outflow was ¥190,292,011.25, leading to a net cash outflow of -¥45,292,011.25, contrasting with a net inflow of ¥107,136,132.73 in Q1 2020[60] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,090,919,387.73, a slight decrease of 0.59% from ¥3,109,257,116.83 at the end of the previous year[9] - The company's net assets attributable to shareholders increased by 4.10% to ¥1,639,350,793.89 from ¥1,574,819,475.07 at the end of the previous year[9] - Total liabilities decreased from CNY 1,533,999,774.76 to CNY 1,451,345,711.32, a reduction of about 5.4%[42] - The company's total non-current assets were CNY 1,226,320,291.00, down from CNY 1,306,836,831.91, indicating a decrease of approximately 6.1%[41] - The total current liabilities amounted to CNY 1,172,676,534.28, a decrease from CNY 1,240,286,638.60, reflecting a reduction of about 5.5%[42] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 45,692[11] - The company's equity attributable to shareholders increased from CNY 1,574,819,475.07 to CNY 1,639,350,793.89, reflecting an increase of approximately 4.1%[43] Legal and Compliance Issues - The company was ordered to pay a total of CNY 9.5 million in prepayment debts to Sichuan Energy Investment due to a lawsuit related to the Kongjiagou coal mine[22] - The company has initiated legal proceedings against Liu Xiangyang for a breach of contract involving a CNY 30 million mining rights and equity transfer agreement, with CNY 29 million and interest awarded by the Dongguan Intermediate Court[24][25] - The first quarter report was not audited, which may affect the reliability of the financial data presented[73] Research and Development - Research and development expenses amounted to CNY 505,481.13, marking a 100% increase as the company invested in new projects such as the oxygen-enriched side-blowing furnace[16] - Research and development expenses for Q1 2021 were CNY 505,481.13, indicating ongoing investment in innovation[50] Risk Management - The company has established a risk management system for its derivative investments, focusing on controlling market, liquidity, credit, operational, and legal risks[32] - The company continues to conduct hedging business effectively to mitigate risks associated with price fluctuations in its production and trading activities[32]