千方科技(002373) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was CNY 1,776,155,035.67, representing a 7.50% increase compared to CNY 1,652,193,450.04 in the same period last year [9]. - Net profit attributable to shareholders was CNY 140,210,107.44, up 21.64% from CNY 115,263,665.51 year-over-year [9]. - The net profit after deducting non-recurring gains and losses was CNY 132,334,166.60, reflecting a 33.61% increase from CNY 99,046,105.09 in the previous year [9]. - Basic earnings per share increased to CNY 0.09, a 12.50% rise from CNY 0.08 in the previous year [9]. - The company reported a total comprehensive income of CNY 140,965,554, down from CNY 155,273,081 in the previous period [89]. - Net profit for the period was CNY 141,859,243.63, a decrease of 8.9% from CNY 155,838,259.53 in the same period last year [86]. - The company reported a decrease in gross profit margin due to rising costs, impacting overall profitability [86]. Cash Flow - The net cash flow from operating activities was negative CNY 785,425,372.68, a decline of 87.07% compared to negative CNY 419,851,910.06 in the same period last year [9]. - The net cash flow from operating activities decreased by 87.07% compared to the same period last year, mainly due to increased procurement payments and early payment of employee performance bonuses [23]. - Cash flow from operating activities was CNY 2,180,390,292, an increase from CNY 1,962,342,132 in the previous period [101]. - Cash flow from investing activities generated a net inflow of CNY 394,004,446, compared to a net outflow of CNY 159,258,020 in the previous period [101]. - The company reported a total cash and cash equivalents balance of ¥3,566,407,625.53 at the end of the period, compared to ¥2,052,185,322.05 in the previous period [103]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 18,500,180,774.08, down 4.56% from CNY 19,383,886,359.48 at the end of the previous year [9]. - The company's current assets totaled CNY 10.81 billion, down from CNY 11.83 billion, indicating a decrease of about 8.6% [64]. - Total liabilities decreased to CNY 6.13 billion from CNY 7.04 billion, a decline of about 12.9% [70]. - Long-term borrowings increased by 98.02% compared to the end of last year, mainly due to the increase in long-term borrowings [22]. - The balance of trading financial assets decreased by 55.37% compared to the end of last year, mainly due to the maturity of entrusted wealth management [21]. Shareholder Information - The top shareholder, Xia Shudong, holds 15.16% of the shares, while Alibaba (China) Network Technology Co., Ltd. holds 14.10% [14]. - The company repurchased a total of 7,336,000 shares, accounting for 0.46% of the total share capital, with a total payment of approximately RMB 124.99 million [27]. - The company plans to repurchase shares with a total amount not less than RMB 150 million and not exceeding RMB 300 million, with a repurchase price not exceeding RMB 25.00 per share [24]. Investments and R&D - The company plans to invest RMB 133 million in the next-generation smart traffic system product and solution R&D and industrialization project [47]. - Research and development expenses increased to CNY 195,443,308.69, compared to CNY 166,258,846.30, marking an increase of 17.5% [83]. - The company has allocated RMB 52 million for permanent working capital, with a remaining balance of RMB 38.95 million in the special account for raised funds [46]. Government and Compliance - The company received government subsidies amounting to CNY 8,174,773.32 during the reporting period [9]. - The company reported no violations regarding external guarantees during the reporting period [55]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period [56]. Future Outlook - The company plans to continue investing in new technologies and market expansion to drive future growth [86]. - The company has not reported any significant changes in expected net profit for the first half of 2021 compared to the previous year [49].