CS&S(SH:600536)2021-04-29 16:00Financial Performance - Operating revenue for the period reached ¥1,018,634,530.44, representing a significant increase of 69.18% compared to ¥602,116,408.10 in the same period last year[4] - Net profit attributable to shareholders of the listed company was reported at -¥157,462,964.41, showing a slight improvement from -¥161,465,373.03 in the previous year[4] - The weighted average return on net assets was -7.05%, slightly better than -7.37% in the previous year[4] - The basic and diluted earnings per share were both -¥0.32, consistent with the previous year's figure of -¥0.33[4] - The company reported a significant increase in tax expenses by 419.43% to ¥8,256,435.97 from ¥1,589,528.61, largely due to prior year asset impairment losses[11] - The net profit for Q1 2021 was a loss of CNY 192,723,246.38, compared to a loss of CNY 199,063,979.53 in Q1 2020, showing an improvement of 3.4%[26] - The net loss attributable to shareholders was CNY -39,009,583.43, compared to a net loss of CNY -66,629,495.51 in the same period last year, representing a 41.5% improvement[29] Cash Flow - The net cash flow from operating activities was -¥1,345,768,255.31, compared to -¥994,650,364.52 in the same period last year, indicating a worsening cash flow situation[4] - The net cash flow from operating activities for the current period is -1,345,768,255.31 RMB, a decrease of 351,117,890.79 RMB compared to the previous year[12] - The company reported a net cash outflow from operating activities of CNY -1,345,768,255.31, worsening from CNY -994,650,364.52 in the previous year[31] - The cash outflow for purchasing goods and services in Q1 2021 was 678,803,670.49 RMB, which is a 36.1% increase compared to 498,446,610.27 RMB in Q1 2020[33] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥8,697,002,622.28, reflecting a slight increase of 0.03% compared to the end of the previous year[4] - Total liabilities reached RMB 5,954,322,716.49, compared to RMB 5,809,277,582.98 at the end of 2020, marking an increase of 2.5%[21] - The company's equity attributable to shareholders decreased to RMB 2,153,337,761.57 from RMB 2,310,895,112.59, a decline of 6.8%[21] - Current assets totaled RMB 7,178,913,633.93, a decrease from RMB 7,354,761,245.66 at the end of 2020, primarily due to a reduction in cash and cash equivalents[19] - Total current liabilities reached approximately ¥5.42 billion, indicating a significant portion of the company's obligations[38] Shareholder Information - The total number of shareholders at the end of the reporting period was 133,899, with the largest shareholder, China Electronics Corporation, holding 30.25% of the shares[7] - The total equity attributable to shareholders was approximately ¥2.31 billion, with minority interests of about ¥574.63 million[39] Investments and Subsidiaries - The company completed a capital increase for a subsidiary, raising its registered capital to 31,691.1764 million RMB[14] - The company and China Great Wall Technology Group jointly acquired 27% of the equity in a research institute for a total of 30.51 million RMB, with the company investing 20.34 million RMB for 18%[13] - The company established wholly-owned subsidiaries in various cities with registered capital ranging from 1 million to 50 million RMB[15] Research and Development - Research and development expenses grew by 45.98% to ¥404,380,751.23 from ¥277,008,549.80, reflecting increased investment in major project R&D[10] - Research and development expenses for Q1 2021 amounted to CNY 404,380,751.23, an increase of 46.0% from CNY 277,008,549.80 in Q1 2020[26] Government Subsidies and Other Income - The company received government subsidies amounting to ¥1,992,198.63, which are closely related to its normal business operations[5] - Other income increased by 66.56% to ¥38,797,316.90 from ¥23,293,093.62, mainly due to recognition of government subsidies[10] Financial Reporting Changes - The company has implemented new leasing standards effective from January 1, 2021, impacting financial reporting[40] - The company did not apply retrospective adjustments for prior comparative data under the new leasing standards[44]