Financial Performance - Revenue for the first quarter of 2021 reached RMB 10,487,000, an increase of 29.2% compared to RMB 8,117,000 in the same period of 2020[4] - Gross profit for the first quarter of 2021 was RMB 266,000, up from RMB 131,000 in the first quarter of 2020, representing a 103.8% increase[4] - Operating loss for the first quarter of 2021 was RMB 227,000, improved from a loss of RMB 650,000 in the same period of 2020[4] - The total comprehensive loss for the first quarter of 2021 was RMB 1,564,000, slightly higher than RMB 1,547,000 in the same period of 2020[4] - Basic loss per share remained at RMB 0.31 for both the first quarter of 2021 and 2020[4] - The loss attributable to shareholders for the three months ended March 31, 2021, was approximately RMB 1,564,000, an increase of approximately RMB 17,000 from RMB 1,547,000 in the same period of 2020[26] Costs and Expenses - Financing costs increased to RMB 1,337,000 in the first quarter of 2021, compared to RMB 897,000 in the first quarter of 2020, reflecting higher estimated interest from a major shareholder's loan[13] - Administrative expenses decreased to RMB 428,000 in the first quarter of 2021 from RMB 739,000 in the first quarter of 2020, indicating improved cost management[4] - Administrative expenses decreased by approximately RMB 311,000 compared to the previous period, attributed to reduced expenses in market expansion[26] - The company did not recognize any government grants in the first quarter of 2021, compared to RMB 4,000 in the same period of 2020[12] - The company reported no other income in the first quarter of 2021, down from RMB 5,000 in the same period of 2020[12] Shareholder Information - The total equity attributable to owners of the company decreased to RMB (41,531,000) as of March 31, 2021, from RMB (39,967,000) as of January 1, 2021[6] - As of March 31, 2021, the major shareholder Zhejiang Ruiyuan Intelligent Robot Co., Ltd. pledged a total of 322,675,000 shares, representing approximately 64.54% of the company's issued share capital[37] - Mr. He Keng holds 370,000,000 domestic shares, accounting for 74.00% of the company's total issued shares as of March 31, 2021[38] - The major shareholders, including Ruiyuan Robot, hold 370,000,000 domestic shares, representing 74.00% of the total issued shares[41] - Martin Currie China Hedge Fund Limited and Martin Currie Investment Management Limited each hold 14,245,000 H shares, accounting for 10.96% of the H shares[43] - The company has pledged 322,675,000 domestic shares, representing 64.535% of the total issued share capital, to an independent third party[3] Corporate Governance - The company has complied with the GEM Listing Rules regarding corporate governance, with a deviation from the code provision A.2.1 due to the absence of a CEO position[4] - The audit committee, consisting of three independent non-executive directors, has reviewed the accounting standards and internal controls for the three months ending March 31, 2021[5] Future Plans and Strategies - The company plans to continue purchasing a series of processing equipment to develop new products and enhance market competitiveness[22] - The company has signed cooperation letters of intent with several trading agents, primarily in the metal casting and precision machinery sectors[22] - The company aims to explore business opportunities in intelligent control systems for heavy industries, such as industrial robot applications, in 2021[34] - The company will continue to implement strict cost control measures in response to increasing competition in the controller systems market[34] - The company did not declare any dividends for the reporting period, consistent with the previous year[19]
瑞远智控(08249) - 2021 Q1 - 季度财报