JINGCHENG MAC(SH:600860)2021-04-29 16:00Financial Performance - Operating revenue for the current period was CNY 247,188,636.65, representing an increase of 28.10% year-on-year [8]. - Net profit attributable to shareholders of the listed company was CNY -4,279,724.70, an improvement from CNY -25,633,092.04 in the same period last year [8]. - Net profit for the period was -4,632,388.86, an improvement from -37,776,160.64 in the same period last year, indicating effective cost control measures [20]. - The company reported a basic earnings per share of CNY -0.01, unchanged from the previous year [8]. - The weighted average return on equity increased to -0.51%, up by 7.38 percentage points from -7.89% in the previous year [8]. Cash Flow - The net cash flow from operating activities was CNY -15,817,719.28, compared to CNY 14,456,622.77 in the previous year [8]. - Cash received from operating activities increased by 54.71% to 17,942,443.77 from 11,597,097.13, primarily due to government grants received [20]. - Cash paid for purchasing goods and services rose by 40.56% to 193,873,848.81 from 137,932,577.11, attributed to increased material procurement costs [20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,656,361,235.71, a decrease of 2.88% compared to the end of the previous year [8]. - Accounts receivable financing increased by 96.83% to 8,175,014.07 from 4,153,285.64, mainly due to an increase in bank acceptance bills planned for early settlement [17]. - Deferred tax assets decreased by 97.40% to 7,472.56 from 287,827.59, primarily due to the impact of deferred tax items from subsidiaries [17]. - Contract liabilities decreased by 80.61% to 11,801,512.93 from 60,853,270.89, mainly due to a reduction in advance payments from subsidiaries [17]. - Long-term borrowings decreased by 100% to 0.00 from 1,154,907.30, due to loan exemptions received under small and medium enterprise support policies [17]. Shareholder Information - The total number of shareholders at the end of the reporting period was 13,161 [14]. - The largest shareholder, Beijing Jingcheng Machinery Electric Holding Co., Ltd., held 50.67% of the shares [14]. Research and Development - Research and development expenses surged by 1310.25% to 4,685,582.61 from 332,251.77, reflecting increased investment in R&D [17]. - The company has not disclosed any new product developments or market expansion strategies in this report [8]. Taxation - The company reported a 400.13% increase in income tax expenses to 717,812.92 from 143,525.47, reflecting higher tax obligations [20]. Corporate Actions - The company is in the process of acquiring 80% equity in Qingdao Beiyang Tianqing Shulian Intelligent Co., Ltd., with various board meetings held to approve the transaction [23]. Audit and Compliance - The report was unaudited, and the management has confirmed the accuracy and completeness of the financial statements [7].