鸿泉物联(688288) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter was CNY 134,618,032.51, representing a 104.15% increase year-on-year[6] - Net profit attributable to shareholders was CNY 20,937,496.47, up 92.25% from the same period last year[6] - Basic earnings per share rose to CNY 0.20, an increase of 81.82% year-on-year[6] - The company reported a total profit of RMB 25,592,119.37 for Q1 2021, a 96.5% increase from RMB 13,052,748.91 in Q1 2020[30] - Net profit for Q1 2021 was RMB 20,916,654.37, representing an increase of 92.1% from RMB 10,890,921.99 in Q1 2020[30] - Operating profit for Q1 2021 was RMB 25,642,156.28, up 96.5% from RMB 13,049,539.72 in Q1 2020[29] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,138,301,514.82, a 0.34% increase compared to the end of the previous year[6] - The company's total assets as of March 31, 2021, were RMB 909,792,434.00, slightly down from RMB 923,533,503.13 at the end of 2020[21] - Total liabilities decreased significantly, with a notable reduction in employee compensation liabilities by 65.72% to RMB 7,045,974.38[15] - Current liabilities decreased to CNY 184,644,738.56 from CNY 207,949,056.91, indicating a reduction of about 11.2%[22] - Total liabilities were CNY 196,934,939.00, down from CNY 217,367,884.68, representing a decrease of approximately 9.3%[23] Cash Flow - The net cash flow from operating activities was negative CNY 29,604,767.15, a decline of 16.89% compared to the same period last year[6] - Cash flow from operating activities in Q1 2021 was RMB 70,998,608.90, up 65.5% from RMB 42,930,011.19 in Q1 2020[34] - Net cash flow from operating activities was -CNY 29,604,767.15, compared to -CNY 25,326,027.31 in the previous year, indicating a worsening of 9.0%[35] - Investment cash inflow totaled CNY 200,964,094.58, significantly higher than CNY 32,765,263.35 in Q1 2020, marking an increase of 514.5%[35] - Net cash flow from investing activities was CNY 111,962,252.69, a turnaround from -CNY 37,547,768.65 in the same period last year[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 5,233[10] - The largest shareholder, He Junqiang, holds 35.43% of the shares[10] Research and Development - Research and development expenses accounted for 17.74% of operating revenue, a decrease of 6.24 percentage points from the previous year[6] - Research and development expenses rose by 51.01% to RMB 23,881,298.49, compared to RMB 15,814,859.04 in Q1 2020, driven by increased personnel costs and product development expenses[17] Financial Adjustments and Standards - The company adopted the new leasing standards effective January 1, 2021, impacting the accounting treatment of leases[43] - The company reported a significant increase in lease liabilities by 4,306,031.67 RMB due to the new accounting standards[42] - The financial adjustments were made to align with the revised accounting standards, enhancing transparency[46] - The adjustment for prior period comparative data was made in accordance with the new leasing standards[47] Other Financial Metrics - The weighted average return on equity increased to 2.20%, up by 1.09 percentage points compared to the previous year[6] - The company reported a total of CNY 1,618,888.61 in non-recurring gains and losses for the period[9] - The company experienced a credit impairment loss of RMB -1,953,412.14 in Q1 2021, compared to RMB -491,129.73 in Q1 2020[29]