SGSG(300561)2021-04-26 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥39,014,583.97, representing a 3.38% increase compared to ¥37,739,426.04 in the same period last year[8]. - The net profit attributable to shareholders for Q1 2021 was ¥6,213,267.05, up 2.34% from ¥6,070,972.85 year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥5,009,190.91, reflecting a 4.55% increase from ¥4,791,275.36 in the previous year[8]. - The company's total revenue for Q1 2021 was ¥39,014,583.97, representing a year-on-year increase of 3.38%[22]. - Net profit attributable to shareholders for the same period was ¥6,213,267.05, reflecting a year-on-year growth of 2.34%[22]. - The net profit for Q1 2021 was CNY 6,213,579.95, an increase from CNY 6,113,659.47 in the same period last year, representing a growth of approximately 1.6%[52]. - Operating profit for Q1 2021 was CNY 6,802,012.16, compared to CNY 7,329,473.13 in Q1 2020, indicating a decrease of about 7.2%[51]. - The total profit for Q1 2021 was CNY 6,793,963.85, down from CNY 7,329,443.44 in Q1 2020, reflecting a decline of approximately 7.3%[51]. Cash Flow and Assets - The net cash flow from operating activities was -¥22,721,288.45, a decrease of 42.01% compared to -¥16,000,202.49 in the same period last year[8]. - Cash and cash equivalents decreased by 66.64% compared to the beginning of the year, primarily due to idle funds being used for purchasing financial products[19]. - The ending cash and cash equivalents balance for Q1 2021 was CNY 27,658,424.75, significantly lower than CNY 62,478,521.77 at the end of Q1 2020, a decline of about 55.8%[56]. - The total assets at the end of the reporting period were ¥744,375,845.21, down 1.67% from ¥757,055,186.51 at the end of the previous year[8]. - The company's total assets amounted to CNY 744,509,582.98, a slight decrease from CNY 757,188,310.75 in the previous period[43]. - The total current liabilities decreased to RMB 58,639,949.67 from RMB 79,412,112.88, indicating a reduction of approximately 26.1%[39]. - The total liabilities decreased to RMB 73,177,297.56 from RMB 92,069,605.28, indicating a reduction of about 20.5%[39]. - The total cash inflow from operating activities was CNY 37,661,227.79, down from CNY 43,614,804.24 in the previous year, reflecting a decrease of approximately 13.5%[55]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,343[12]. - The largest shareholder, Chen Zhe, holds 38.19% of the shares, totaling 96,417,558 shares[12]. - The weighted average return on equity for Q1 2021 was 0.93%, up from 0.71% in the same period last year[8]. - The company's equity increased to CNY 674,639,345.67 from CNY 668,425,765.72, reflecting a positive trend in shareholder value[43]. Project and Investment Updates - The company reported a total investment commitment of CNY 33,296.61 million for various projects, with a completion progress of 84% as of the report date[27]. - The "Bank Self-Service Equipment Internal Control Management Solution Upgrade" project has achieved a completion rate of 102% with an investment of CNY 14,838.00 million[27]. - The "Logistics Internal Control Management Solution Construction Project" was terminated due to uncertainties in achieving expected returns, reallocating CNY 13,599.50 million to other projects[28]. - The "Research and Development Center Construction Project" has a completion rate of 109.12% with an investment of CNY 4,154.45 million[27]. - The company adjusted the expected completion date for several projects to June 30, 2021, due to delays caused by the COVID-19 pandemic[28]. - The company has faced challenges in project implementation due to changes in land use and geological conditions, affecting the overall progress[27]. Cost Management - Management expenses decreased by 44.05% year-on-year, attributed to improved management and cost control measures[20]. - Total operating costs decreased to CNY 34,663,434.37 from CNY 36,316,439.36, reflecting a cost reduction strategy[46]. Other Financial Metrics - The company reported a credit impairment loss of CNY -346,046.58 in Q1 2021, compared to CNY -1,657,800.49 in Q1 2020, indicating a significant improvement in credit quality[51]. - The company reported no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[30][31]. - Basic and diluted earnings per share remained stable at CNY 0.02 for both Q1 2021 and Q1 2020[52].