Topnewinfo(300895)2021-04-14 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥58,673,604.86, representing a 33.02% increase compared to ¥44,110,256.81 in the same period last year[9]. - The net profit attributable to shareholders for Q1 2021 was ¥8,783,409.96, up 7.40% from ¥8,178,482.82 year-on-year[9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 18.61% to ¥6,236,605.48 from ¥7,662,336.42 in the previous year[9]. - Basic earnings per share decreased by 19.47% to ¥0.0906 from ¥0.1125 year-on-year[9]. - The company reported a total profit for Q1 2021 of CNY 10,111,873.25, an increase from CNY 9,985,266.37 in the previous period[44]. - The operating profit for Q1 2021 was CNY 10,115,632.68, compared to CNY 9,985,266.37 in the same period last year[44]. - The total comprehensive income for Q1 2021 was CNY 8,314,738.19, compared to CNY 8,489,585.17 in the previous year[44]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at -¥95,250,595.99, a decline of 782.46% compared to -¥10,793,711.39 in the same period last year[9]. - The company reported a cash balance of CNY 340,081,781.92 as of March 31, 2021, down from CNY 440,847,002.58 at the end of 2020[33]. - The cash and cash equivalents at the end of the period amounted to 210,009,306.51 CNY, down from 310,774,527.17 CNY at the beginning of the period[52]. - The company incurred a total cash outflow from operating activities of 152,164,990.48 CNY, compared to 39,955,716.35 CNY in the previous period[51]. - The net cash flow from financing activities was -2,000,000.00 CNY, indicating cash outflows related to financing[52]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,383,339,805.07, an increase of 0.86% from ¥1,371,481,560.46 at the end of the previous year[9]. - Total liabilities increased to CNY 228,702,108.53 from CNY 226,219,624.41, reflecting a slight rise in financial obligations[39]. - Total current liabilities stood at 226,219,624.41, with accounts payable at 46,670,914.62 and contract liabilities at 19,929,704.88[62]. - Total equity was reported at 1,098,877,605.22, with retained earnings slightly adjusted to 180,949,805.38[62]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,209[12]. - The top two shareholders, Beijing Fashion Holdings and Beijing Tongniu Group, hold 25.19% and 24.80% of the shares, respectively[12]. Research and Development - Research and development expenses in Q1 2021 increased by 43.16% year-on-year, primarily due to higher depreciation of R&D personnel and equipment[19]. - Research and development expenses for Q1 2021 were CNY 2,823,874.43, up from CNY 1,972,552.71, highlighting a commitment to innovation[42]. Government Support and Subsidies - The company received government subsidies amounting to ¥3,000,000.00 during the reporting period[10]. - The company received a listing reward of 3 million yuan from the Beijing government during the reporting period[19]. Operational Challenges and Strategies - The company maintained a stable growth trajectory despite the challenges posed by the COVID-19 pandemic and global economic downturn[21]. - The company actively explored industrial internet-related businesses, enhancing its ability to provide comprehensive solutions from data generation to industrial big data platforms[21]. Investment and Capital Management - Total funds raised in the quarter amounted to CNY 26,754.38 million, with CNY 120.06 million invested during the quarter[25]. - Cumulative investment from raised funds reached CNY 10,350.83 million, with no changes in usage reported[25]. - The company plans to use unutilized raised funds for investment projects and cash management[26]. - The cloud computing platform construction project has a total committed investment of CNY 30,245 million, with CNY 23,500 million allocated and 44.05% of the project completed as of the report date[25].