Arcvideo Tech(688039)2021-04-26 16:00Financial Performance - Operating revenue increased by 90.26% to CNY 61,750,472.22 compared to the same period last year[6] - Net profit attributable to shareholders decreased by 16.77% to CNY 1,442,686.38 compared to the same period last year[6] - The company's operating revenue for Q1 2021 increased by 90.26% year-on-year, reaching CNY 61,750,472.22, driven by significant growth in video solutions and public safety revenue[13] - Video solutions revenue amounted to CNY 21,265,600, representing a 162.20% increase compared to the same period last year, while public safety revenue reached CNY 27,618,200, up 125.82% year-on-year[13] - Net profit for Q1 2021 was ¥1,442,686.38, compared to ¥1,733,453.74 in Q1 2020, reflecting a decrease of approximately 16.8%[31] - The company reported a total profit of ¥1,214,024.95 for Q1 2021, down from ¥1,926,059.71 in Q1 2020, a decline of 37%[34] Cash Flow and Investments - The net cash flow from operating activities improved to CNY -69,519,305.73 from CNY -80,906,984.20 year-on-year[6] - Cash received from sales of goods and services amounted to CNY 40,011,842.46, representing a 43.80% increase from CNY 27,824,972.11[16] - Cash received from other operating activities decreased by 72.12% to CNY 2,244,683.50, down from CNY 8,052,065.08[16] - Cash paid for the purchase of fixed assets and intangible assets increased by 312.49% to CNY 18,945,878.93, compared to CNY 4,593,072.26[16] - The cash outflow from investing activities for Q1 2021 was -¥368,819,842.24, an improvement from -¥635,044,972.03 in Q1 2020[38] - Total cash inflow from investing activities was 450,635,750.23 in the same quarter last year[40] Assets and Liabilities - Total assets decreased by 3.08% to CNY 1,572,186,509.19 compared to the end of the previous year[6] - Total current assets as of March 31, 2021, were CNY 1,380,725,489.06, a decrease from CNY 1,475,016,089.27[21] - Total liabilities as of March 31, 2021, were CNY 97,392,990.68, down from CNY 148,838,846.55[23] - The construction in progress increased by 76.13% to CNY 35,776,331.26, attributed to the development of smart video industry projects[15] Research and Development - R&D investment accounted for 31.42% of operating revenue, a decrease of 2.33 percentage points compared to the previous year[6] - Net profit attributable to shareholders decreased by 16.77% year-on-year, primarily due to increased expenses from hiring talent for new product and industry expansions, with R&D expenses rising by 77.09%[13] - Research and development expenses in Q1 2021 amounted to ¥19,400,787.37, which is an increase of 77.0% from ¥10,955,064.75 in Q1 2020[29] - The company plans to continue expanding into new products and industries, focusing on talent acquisition and R&D investment to support growth[13] Shareholder Information - The total number of shareholders reached 3,967 by the end of the reporting period[10] - The top three shareholders held 15.75%, 11.66%, and 11.20% of shares respectively[10] Other Financial Metrics - The weighted average return on equity decreased by 0.02 percentage points to 0.10%[6] - Basic and diluted earnings per share remained unchanged at CNY 0.02[6] - Government subsidies recognized in the current period amounted to CNY 177,002.16[9] - Tax payable decreased by 95.62% to CNY 773,032.40, mainly due to seasonal sales patterns and payments made in the current period[15] - Investment income surged by 340.10% to CNY 1,936,438.36, driven by increased interest income from cash management products[15]