VITI(SH:603023)2021-04-27 16:00Financial Performance - Net profit attributable to shareholders was CNY 623,789.90, representing a decline of 84.80% year-on-year[5]. - Operating revenue for the period was CNY 11,555,821.06, down 22.36% from the same period last year[5]. - Basic earnings per share decreased to CNY 0.0011, down 89.00% year-on-year[5]. - Net profit fell by 84.80% to ¥623,789.90, driven by decreased revenue and total profit[13]. - Basic earnings per share decreased by 89.00% to ¥0.0011 due to reduced sales and increased share capital[13]. - The company's revenue for Q1 2021 was CNY 11,555,821.06, a decrease of 22.5% compared to CNY 14,884,182.25 in Q1 2020[23]. - The net profit for Q1 2021 was CNY 623,789.90, down 84.8% from CNY 4,103,911.19 in Q1 2020[24]. - Research and development expenses for Q1 2021 were CNY 3,060,127.80, a decrease of 24.2% from CNY 4,037,335.14 in Q1 2020[23]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 776,357,053.11, a decrease of 0.12% compared to the end of the previous year[5]. - The total liabilities at the end of Q1 2021 were CNY 19,319,660.16, compared to CNY 20,896,273.08 at the end of Q1 2020[23]. - Cash and cash equivalents at the end of Q1 2021 were CNY 454,695,060.21, up from CNY 224,569,949.67 at the end of Q1 2020[28]. - The total equity at the end of Q1 2021 was CNY 757,037,392.95, slightly up from CNY 756,413,603.05 at the end of Q1 2020[23]. Cash Flow - Net cash flow from operating activities increased significantly to CNY 5,582,907.89, a rise of 905.79% compared to the previous year[5]. - Operating cash flow for Q1 2021 was CNY 5,582,907.89, significantly improved from CNY 555,077.98 in Q1 2020[27]. - Cash received from tax refunds increased by 44.96% to ¥644,452.52, attributed to higher software tax refunds[13]. - The company experienced a net cash increase of CNY 4,158,778.39 in Q1 2021, compared to a decrease of CNY 228,055,323.42 in Q1 2020[28]. Shareholder Information - The total number of shareholders at the end of the reporting period was 19,850[9]. - The largest shareholder, Chen Zhenhua, held 31.02% of the shares, totaling 174,364,155 shares[10]. Government Subsidies and Other Income - The company received a government subsidy of CNY 100,000 related to the Harbin High-tech Enterprise Cultivation Award[7]. - Non-recurring gains and losses amounted to CNY 36,715.88, with a notable loss from debt transfer of CNY 99,788.80[8]. Changes in Assets - Prepayments increased by 229.11% to ¥803,318.68 due to prepayment of software service fees[12]. - Construction in progress rose by 37.15% to ¥1,955,188.86 as ongoing projects increased[12]. - Accounts payable decreased by 64.58% to ¥1,773,486.28 due to the settlement of maturing notes[12]. - Contract liabilities increased by 136.91% to ¥129,661.81 as advance payments received grew[12]. - Cash paid for the purchase of fixed assets increased by 663.48% to ¥1,424,129.50 due to partial project payments[13]. Future Outlook - The company anticipates significant changes in cumulative net profit compared to the previous year due to reduced government subsidies and market uncertainties[16].