YSDZ(SZ:002289)2021-04-28 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥38,636,661.21, representing an increase of 89.06% compared to ¥20,436,376.46 in the same period last year[9]. - The net profit attributable to shareholders was -¥4,804,269.35, an improvement of 21.57% from -¥6,125,604.47 year-on-year[9]. - The company reported a basic earnings per share of -¥0.0171, an improvement of 21.92% from -¥0.0219 in the same period last year[9]. - The total comprehensive income for Q1 2021 was -4,804,269.35, compared to -6,125,604.47 in the previous year, indicating a narrowing of comprehensive losses[55]. - The net profit for Q1 2021 was a loss of CNY 4,804,269.35, an improvement from a loss of CNY 6,125,604.47 in the same period last year, reflecting a reduction in losses[55]. - The total profit for Q1 2021 was -4,814,580.60, an improvement from -6,091,599.28 in the previous year, indicating a positive trend in profitability[54]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥17,997,290.74, a significant decline of 4,131.20% compared to ¥446,450.04 in the previous year[9]. - The company's cash and cash equivalents decreased by 36.12% year-on-year, ending at ¥118,323,189.17, primarily due to a cash deposit of ¥47 million for the acquisition of 100% equity in Shenzhen Qianhai Shouke Technology Holdings Co., Ltd.[17]. - The cash flow from operating activities for Q1 2021 was CNY 24,317,740.48, compared to CNY 21,748,449.14 in the previous period, indicating a positive trend in cash generation[61]. - The ending balance of cash and cash equivalents was 97,943,894.27 CNY, down from 163,300,466.85 CNY at the beginning of the period[63]. - The company’s cash and cash equivalents decreased by 65,356,572.58 CNY during the period, compared to a decrease of 2,475,566.03 CNY in the previous period[63]. Assets and Liabilities - Total assets at the end of the reporting period were ¥375,187,099.35, up 3.81% from ¥361,431,567.94 at the end of the previous year[9]. - The company’s total liabilities included lease liabilities of ¥23,080,017.40, reflecting the adoption of new leasing standards effective January 1, 2021[17]. - Total liabilities increased to CNY 91,042,143.60 in Q1 2021 from CNY 72,442,605.30 in the previous period[50]. - The company reported a retained earnings deficit of CNY -1,699,712,342.82, slightly improved from CNY -1,695,184,499.45[50]. - The company’s total equity decreased to CNY 313,060,786.49 from CNY 317,588,629.86[50]. Shareholder Information - The company had a total of 10,948 common shareholders at the end of the reporting period[12]. - The largest shareholder, Zhongzhi Rongyun (Beijing) Enterprise Management Co., Ltd., held 20.42% of the shares[12]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[13]. - There were no overdue commitments from major shareholders or related parties during the reporting period[30]. Research and Development - Research and development expenses rose by 40.96% to ¥958,876.54, reflecting increased investment in R&D as the company sought to recover from previous operational disruptions[17]. - The company invested CNY 958,876.54 in R&D expenses during Q1 2021, compared to CNY 680,249.11 in the previous period, reflecting a focus on innovation[53]. Operational Challenges - The net cash flow from operating activities was negative at -¥17,997,290.74, a significant decline of 4,131.20% compared to the previous year, mainly due to increased procurement costs amid supply chain challenges[18]. - The company reported a net loss attributable to shareholders of ¥31,535,613.09 for the year 2020, indicating ongoing challenges despite improvements in operational conditions[21]. - The company's inventory increased by 42.78% year-on-year to ¥33,280,404.50, attributed to tight supply and rising prices of key raw materials like glass and ICs, prompting the company to stock up in advance[17].