NeuSoft(SH:600718)2021-04-28 16:00Financial Performance - Operating revenue for the period was CNY 1,174,085,625, representing a year-on-year increase of 29.58%[8] - Net profit attributable to shareholders was a loss of CNY 36,873,384, an improvement from a loss of CNY 63,909,480 in the same period last year[8] - Basic earnings per share for the period were -CNY 0.03, an improvement from -CNY 0.05 in the previous year[8] - The company reported a total comprehensive loss of ¥83,986,228 for Q1 2021, compared to a loss of ¥106,189,018 in Q1 2020, showing a reduction in overall losses[44] - The net profit for Q1 2021 was a loss of ¥70,191,292, compared to a loss of ¥125,322,306 in Q1 2020, indicating an improvement in financial performance[44] - The net profit for Q1 2021 was RMB 133,602,198, compared to RMB 34,295,715 in Q1 2020, indicating a significant growth[48] Cash Flow - The net cash flow from operating activities was a negative CNY 831,089,988, an improvement from a negative CNY 940,634,460 in the previous year[8] - The net cash flow from operating activities for Q1 2021 was -598,642,760 RMB, compared to -800,664,028 RMB in Q1 2020, showing an improvement[55] - Cash inflow from operating activities totaled 1,137,733,352 RMB in Q1 2021, up from 1,051,256,278 RMB in Q1 2020, indicating a growth of approximately 8.2%[55] - Cash outflow from operating activities totaled RMB 2,391,928,398 in Q1 2021, slightly down from RMB 2,431,391,974 in Q1 2020[51] - The company reported a significant increase in accounts receivable financing, rising to ¥561,816,759 from ¥326,286,890, an increase of approximately 72.0%[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 16,320,179,161, a decrease of 0.53% compared to the end of the previous year[8] - Total current assets decreased to ¥9,228,652,679 from ¥9,389,956,818, a decline of approximately 1.8% year-over-year[26] - Total liabilities decreased slightly to ¥7,953,103,857 from ¥7,964,994,738, a reduction of approximately 0.1%[31] - Total equity increased to ¥8,168,883,350 from ¥8,031,620,280, reflecting a growth in shareholder value[41] - Total liabilities reached CNY 7,964,994,738, reflecting a decrease of CNY 97,488,430 from the last reporting period[67] Shareholder Information - The number of shareholders at the end of the reporting period was 77,124[12] - The top shareholder, Neusoft Holdings Co., Ltd., held 161,092,414 shares, accounting for 12.97% of total shares[12] Research and Development - The company's R&D expenses in Q1 2021 amounted to ¥197,475,512, slightly up from ¥194,906,025 in Q1 2020, highlighting continued investment in innovation[41] - Research and development expenses increased to RMB 100,737,589 in Q1 2021 from RMB 81,108,904 in Q1 2020, reflecting a focus on innovation[46] Government Support - Government subsidies recognized in the current period amounted to CNY 25,676,449, primarily related to research projects[8] Operational Efficiency - The company achieved an operating profit of RMB 139,753,150 in Q1 2021, significantly higher than RMB 40,249,421 in Q1 2020[46] - The company’s cash flow from sales of goods and services reached 930,866,866 RMB in Q1 2021, compared to 689,614,269 RMB in Q1 2020, representing a growth of approximately 35%[55] Future Outlook - The management expressed optimism about future growth prospects, driven by strategic investments in technology and market expansion initiatives[41] - The company anticipates potential losses in cumulative net profit for the year, with no significant changes expected compared to the previous year[22]