SZZT(SZ:002197)2021-06-04 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥254,485,084.11, representing a 6.80% increase compared to ¥238,277,825.77 in the same period last year[8]. - Net profit attributable to shareholders was ¥3,365,574.29, a 22.55% increase from ¥2,746,291.69 year-on-year[8]. - The company reported a significant decrease in net profit after deducting non-recurring gains and losses, which was -¥4,605,976.70, a decline of 75.42% compared to -¥2,625,682.52 in the previous year[8]. - The basic earnings per share remained stable at ¥0.01, unchanged from the same period last year[8]. - The company reported a decrease in employee compensation payable to CNY 15.88 million from CNY 25.33 million, a decline of approximately 37.4%[47]. - The total comprehensive income attributable to the parent company is ¥3,548,893.23, an increase of 9.1% from ¥3,251,882.38 in the previous period[68]. - The net profit for the current period is ¥3,897,806.31, a decrease of 11.6% compared to ¥4,412,594.26 in the previous period[72]. Cash Flow - The net cash flow from operating activities decreased significantly by 89.62%, amounting to ¥8,684,748.19 compared to ¥83,701,268.46 in the previous year[8]. - Cash flow from operating activities decreased by 89.62% year-on-year, mainly due to an increase in project engineering payments during the reporting period[17]. - The cash flow from operating activities is ¥331,546,744.41, down 20.4% from ¥416,247,491.24 in the previous period[76]. - The company reported a decrease in cash outflow for operating activities, which was 174,853,034.53 compared to 313,911,604.72 in the previous period[83]. - The total cash and cash equivalents at the end of the period decreased to 129,476,137.57 from 212,807,295.27, reflecting a net decrease of 83,331,157.70[82]. - The company experienced a foreign exchange loss of -284,903.47 affecting cash and cash equivalents[82]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,543,317,847.48, reflecting a 0.81% increase from ¥6,490,824,824.60 at the end of the previous year[8]. - The total liabilities rose to CNY 4.12 billion from CNY 4.07 billion, indicating an increase of about 1.3%[47]. - The company's non-current assets totaled CNY 3.93 billion, up from CNY 3.85 billion, marking an increase of approximately 2.2%[44]. - The total amount of inventory was CNY 79,406,357.15, which is crucial for managing production and sales[95]. - The total liabilities increased, with short-term borrowings at 1,033,665,426.13, indicating a stable leverage position[88]. - The total assets increased to 6,571,929,200.75 from 6,490,824,824.60, reflecting growth in the company's asset base[88]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 62,215[12]. - The net assets attributable to shareholders were ¥2,420,648,711.62, showing a slight increase of 0.15% from ¥2,417,099,818.38[8]. - The company's total equity increased to CNY 2.42 billion from CNY 2.42 billion, showing a slight growth of about 0.1%[50]. - The total equity attributable to shareholders reached CNY 2,417,099,818.38, with total equity amounting to CNY 2,422,676,479.34[92]. Operational Highlights - The company completed a share buyback of 7,802,746 shares during the reporting period[14]. - Accounts receivable increased by 48.08% compared to the beginning of the period, mainly due to an increase in commercial acceptance bills received during the reporting period[17]. - Sales expenses increased by 56.45% compared to the same period last year, attributed to the growth in revenue and related sales expenses[17]. - The company confirmed sales revenue of RMB 28.42 million from a contract with Ping An Communication during the reporting period[18]. - The company confirmed sales revenue of RMB 5.39 million from a contract with China Mobile during the reporting period[18]. Research and Development - Research and development expenses for Q1 2021 amounted to CNY 17,366,760.21, slightly up from CNY 16,951,785.22, indicating a year-over-year increase of 2.4%[61]. - Research and development expenses increased to ¥9,066,505.54 from ¥8,859,206.77, reflecting a growth of 2.3%[69]. Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[65].