Bonree(SH:688229)2021-05-14 16:00Financial Performance - Operating revenue for the period was CNY 30,557,807.05, representing an increase of 6.61% year-on-year[5] - Net profit attributable to shareholders was a loss of CNY 15,798,068.43, a decrease of 546.99% compared to the previous year[5] - Basic earnings per share were -CNY 0.36, a decline of 427.27% year-on-year[6] - The company reported non-recurring gains of CNY 1,258,138.31 during the period[8] - The net profit turned from profit to loss, decreasing by RMB 19.33 million year-on-year, primarily due to an increase in period expenses by RMB 18.54 million[17] - The company experienced a net profit loss of 19.33 million yuan compared to the previous year, primarily due to a 18.54 million yuan increase in expenses[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -17.06 million, a year-on-year decrease of 735.52%[29] - The company reported a net loss of CNY 15,798,068.43 in Q1 2021, compared to a net profit of CNY 3,534,304.41 in Q1 2020, indicating a significant decline in profitability[37] - Operating profit for Q1 2021 was CNY -15,923,253.84, a decrease from CNY 4,235,737.32 in the same period last year[37] - The total comprehensive loss for Q1 2021 was CNY -15,798,068.43, compared to a comprehensive income of CNY 3,534,304.41 in Q1 2020[38] Assets and Liabilities - Total assets at the end of the reporting period were CNY 856,693,333.16, a decrease of 2.06% compared to the end of the previous year[5] - The total liabilities as of March 31, 2021, were CNY 29.81 million, compared to CNY 33.83 million as of December 31, 2020[34] - The company’s total equity as of March 31, 2021, was CNY 826.89 million, down from CNY 840.89 million as of December 31, 2020[34] - The company's cash and cash equivalents amounted to CNY 647.65 million as of March 31, 2021, down from CNY 666.37 million as of December 31, 2020[32] Cash Flow - Net cash flow from operating activities was -CNY 15,694,082.42, worsening by 35.56% compared to the previous year[5] - Cash flow from operating activities showed a net outflow of CNY -15,694,082.42, worsening from CNY -11,577,339.82 in Q1 2020[39] - The company recorded cash inflow from investment activities of CNY 100,523,185.14, down from CNY 110,966,953.42 in the previous year[39] - The cash and cash equivalents at the end of Q1 2021 stood at CNY 647,642,479.86, compared to CNY 147,105,180.64 at the end of Q1 2020[39] Research and Development - Research and development expenses accounted for 49.12% of operating revenue, an increase of 18.61 percentage points compared to the previous year[6] - Research and development expenses rose by 71.64% to RMB 15.01 million, driven by an increase in technical service personnel[14] - Research and development expenses for Q1 2021 were CNY 15.01 million, an increase from CNY 8.75 million in Q1 2020[36] Shareholder Information - The total number of shareholders at the end of the reporting period was 2,598[10] - The top shareholder, Li Kai, held 23.12% of the shares, amounting to 10,266,270 shares[10] Expenses - In Q1 2021, total expenses amounted to 37.36 million yuan, an increase of 18.54 million yuan or 98.51% year-over-year[22] - Sales expenses surged by 148.80% to RMB 16.90 million, attributed to the expansion of the sales team[14] - The company experienced a significant increase in cash outflow from operating activities, amounting to RMB -15.69 million, a 35.56% increase compared to the previous year[15] - The company’s financial expenses for Q1 2021 were CNY -3,844,545.89, a decrease from CNY -161,598.78 in Q1 2020, indicating improved cost management[37] Strategic Focus - The company aims to accelerate business development and expand its personnel scale to capture the APM market[17] - The strategic focus remains on the APM sector, with no significant changes in development direction since the company's inception[21] - The company aims to leverage market opportunities from digital transformation and 5G to accelerate market expansion and enhance operational scale[22] - The company plans to continue expanding its sales and R&D teams to maintain technological competitiveness and market share[23] Customer and Collection Information - The accounts receivable balance as of December 31, 2020, was 71.90 million yuan, with a collection amount of 27.13 million yuan, resulting in a collection rate of 37.73%[25] - The collection rate for the top five customers from 2020 was 51.41%, indicating a low risk of bad debt losses[26] - Accounts receivable decreased by 82.73% to RMB 269,594.94 due to the maturity of commercial acceptance bills[13] - Prepayments increased by 219.34% to RMB 2.33 million, mainly due to increased payments for server hosting fees[13] Employee Information - Employee headcount increased by 163, representing a growth of 64.94% year-over-year, with sales personnel increasing by 69 (94.52%) and R&D personnel by 75 (50.00%)[20] - The company implemented an equity incentive plan in February 2021, leading to an estimated share-based payment expense of 2.17 million yuan in Q1 2021[20] - The company anticipates significant changes in net profit compared to the same period last year due to high personnel turnover and increased human resource costs[29]