科陆电子(002121) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥660,183,835.63, a decrease of 24.00% compared to the same period last year[8]. - The net profit attributable to shareholders was -¥39,593,519.24, representing a decline of 389.17% year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥45,599,609.74, a decrease of 3,011.87% compared to the previous year[8]. - The basic earnings per share for the period was -¥0.0281, a decline of 389.69% year-on-year[8]. - The diluted earnings per share for the period was also -¥0.0281, reflecting the same percentage decline as basic earnings[8]. - The company reported a net loss of CNY -49,603,691.03 for the current period, compared to a profit of CNY 16,956,212.09 in the previous period[74]. - The company reported a net loss of ¥50,930,656.01 for the current period, compared to a net profit of ¥34,969,011.56 in the previous period, indicating a significant decline in profitability[81]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 90.86% to ¥81,063,730.88 compared to the same period last year[8]. - Cash inflows from operating activities totaled ¥689,349,894.03, down from ¥773,351,483.54 in the previous period, indicating a decrease in cash generation[85]. - The cash inflow from operating activities totaled 429,873,328.80, down from 621,186,018.31 in the previous period, indicating a decline in revenue generation[92]. - The cash and cash equivalents at the end of the period stood at 337,863,046.33, down from 510,782,485.43 in the previous period, indicating a reduction in liquidity[91]. - The company paid 41,386,979.61 in dividends and interest, a significant decrease from 83,161,709.51 in the previous period, reflecting a shift in cash distribution strategy[91]. Assets and Liabilities - The total assets at the end of the reporting period were ¥8,880,830,537.30, down 4.29% from the end of the previous year[8]. - The company's current assets totaled CNY 4,182,537,841.39, down from CNY 4,456,425,374.70, indicating a decrease of about 6.1%[56]. - Total liabilities decreased to CNY 7,288,239,724.34 from CNY 7,640,503,357.45, reflecting a decrease of about 4.6%[56]. - The company's total equity as of March 31, 2021, was CNY 1,592,590,812.96, down from CNY 1,638,675,752.10, indicating a decline of approximately 2.8%[56]. - The company's equity totaled CNY 1,638,675,752.10, with a capital reserve of CNY 1,931,667,614.81 and an undistributed profit of CNY -2,044,622,646.67[103]. Investments and Contracts - The company won a bid for the design, supply, installation, and commissioning of the Barhabise 220kV substation project in Nepal, with a total contract value of approximately RMB 80 million[22]. - The company also secured a contract for the procurement of prepaid electric meters in Kenya, with a total value of approximately USD 15.15 million[23]. - The company won a bid for the "10kV full insulation circuit breaker cabinet automation equipment" project with a total bid amount of approximately RMB 186.78 million, with a signed contract amount of RMB 160 million[29]. - The company was selected as a candidate for the "2019 second batch of electric meters" project with an expected bid amount of approximately RMB 127.39 million[30]. - The company was selected as a candidate for the "2020 first batch of electric meters" project with an expected bid amount of approximately RMB 115.21 million[31]. Operational Efficiency - The company experienced a significant increase in held-for-sale assets, rising by 1000.52% to RMB 276.09 million due to the signing of a share transfer agreement[18]. - The company reported a significant credit impairment loss of ¥36,948,476.19, compared to a loss of ¥2,547,560.33 in the previous period, highlighting increased credit risk[81]. - The company recorded a net cash flow from investing activities of -112,809,025.31, compared to -11,532,662.07 in the previous period, indicating increased capital expenditures[95]. Government Support and Subsidies - The company received government subsidies amounting to ¥11,941,584.96 during the reporting period[8]. Compliance and Governance - The company has not yet audited its first-quarter report for 2021, which may affect investor confidence[112]. - There were no significant securities or derivative investments reported during the period[44][45]. - The company reported no violations regarding external guarantees during the reporting period[49]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[50].