On April 23, Lianfa (002394) released the first quarter report of 2021. During the reporting period, the company achieved operating revenue of 937102470.30 yuan, up 3.95% year on year; The net profit attributable to shareholders of listed companies was 16618488.22 yuan, down 85.34% year on year.
During the reporting period, the net cash flow from operating activities was 39221079.21 yuan, and the net assets attributable to shareholders of listed companies were 3727514964.15 yuan by the end of 2020.
During the reporting period, financial expenses increased by 1887.5% over the same period last year, mainly due to changes in exchange rates. Investment income increased by 476.82% compared with the same period last year, mainly due to the dividends of the funds held.
Operating profit decreased by 93.03% compared with the same period last year, mainly due to the impact of changes in fair value of trading financial assets.
According to the data of digbei.com, Lianfa is a large-scale high-tech enterprise with the whole industrial chain of ginning, spinning, yarn dyeing, weaving, yarn dyed finishing, knitting dyeing, home textile fabric, garment fabric printing and dyeing, garment manufacturing, thermoelectricity, sewage treatment, brand operation and warehousing logistics.