捷顺科技(002609) - 2021 Q1 - 季度财报

Important Notice The company's board, supervisory board, and senior management affirm the accuracy and completeness of this quarterly report, taking legal responsibility for its content Board Statement The company's Board of Directors, Supervisory Board, and all senior management ensure the truthfulness, accuracy, and completeness of this quarterly report and assume legal responsibility for it - The company's Board of Directors, Supervisory Board, and all directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, free from false records, misleading statements, or major omissions, and assume legal responsibility[4] - Company's principal officer Tang Jian, head of accounting Liu Cuiying, and head of accounting department Zhang Jian declare that the financial statements in the quarterly report are true, accurate, and complete[5] Company Profile This section provides key financial data, including revenue growth and net loss reduction, along with details on shareholder structure and major holdings Key Accounting Data and Financial Indicators In Q1 2021, the company's operating revenue grew by 57.71% year-over-year, and net loss attributable to shareholders narrowed by 55.98%, while net cash flow from operating activities improved by 17.07% despite remaining negative Key Financial Indicators for Q1 2021 | Indicator | Current Period (Yuan) | Prior Period (Yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 182,242,681.26 | 115,553,871.10 | 57.71% | | Net Profit Attributable to Shareholders of Listed Company | -8,431,745.66 | -19,155,183.80 | 55.98% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | -12,432,989.37 | -22,290,021.19 | 44.22% | | Net Cash Flow from Operating Activities | -171,512,150.12 | -205,720,896.42 | 17.07% | | Basic Earnings Per Share (Yuan/share) | -0.0138 | -0.0303 | 54.46% | | Total Assets | 2,989,345,893.77 | 3,161,314,858.12 (End of Prior Year) | -5.44% | | Net Assets Attributable to Shareholders of Listed Company | 2,206,022,208.90 | 2,214,760,382.55 (End of Prior Year) | -0.39% | Details of Non-recurring Gains and Losses | Item | Amount from Year-Beginning to End of Reporting Period (Yuan) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | 37,267.07 | | Government Grants Recognized in Current Profit/Loss | 4,647,999.43 | | Other Non-operating Income and Expenses | 684,369.31 | | Less: Income Tax Impact | 806,466.23 | | Less: Impact on Minority Interests (After Tax) | 561,925.87 | | Total | 4,001,243.71 | Shareholder Holdings As of the end of the reporting period, the company had 30,190 common shareholders, with significant combined holdings by the top two shareholders, Tang Jian and Liu Cuiying, who are a married couple, with some shares pledged or frozen - As of the end of the reporting period, the company had a total of 30,190 common shareholders[10] Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Type | Holding Percentage | Number of Shares Held | Number of Restricted Shares Held | Share Status and Quantity (Shares) | | :--- | :--- | :--- | :--- | :--- | :--- | | Tang Jian | Domestic Natural Person | 28.01% | 180,432,744 | 135,324,558 | Pledged 51,750,000 | | Shenzhen Special Economic Zone Construction and Development Smart Transportation Investment Partnership Enterprise | Domestic Non-State-Owned Legal Person | 13.03% | 83,965,017 | - | - | | Liu Cuiying | Domestic Natural Person | 11.42% | 73,577,283 | 55,182,962 | Frozen 9,832,841 | - Company's controlling shareholders Mr. Tang Jian and Ms. Liu Cuiying are married and constitute parties acting in concert[30] Significant Events This section details significant changes in financial data and the progress of key corporate initiatives during the reporting period Analysis of Changes in Key Financial Data During the reporting period, several financial indicators changed significantly, with operating revenue increasing by 57.71% due to sales order growth, while asset and liability movements reflect increased prepayments, R&D investment, and year-end payment adjustments - Operating revenue increased by 57.71% year-over-year, primarily due to a 81.82% increase in sales orders in the first quarter[15] - Long-term equity investments increased by 51.82%, mainly due to the establishment of Haikou Urban Parking Project Company during the period[15] Changes in Key Financial Indicators | Item | Change Percentage | Primary Reason | | :--- | :--- | :--- | | Balance Sheet Items | | | | Prepayments | 169.07% | Increase in prepaid rent and material costs | | Other Current Assets | 360.58% | Increase in VAT input tax credit | | Development Expenditures | 40.58% | Increased R&D investment | | Accounts Payable | -37.69% | Primarily due to payment of year-end procurement stock at the beginning of the year | | Employee Benefits Payable | -69.51% | Payment of year-end bonuses accrued at the end of the previous year | | Taxes Payable | -78.87% | Payment of income tax and VAT accrued at the end of the previous year | | Income Statement Items | | | | Operating Revenue | 57.71% | Growth in sales orders | | Cash Flow Statement Items | | | | Cash Received from Sales of Goods and Services | 101.87% | Growth in main business operations | Progress of Significant Events During the period, the company completed the allocation of reserved shares for its second employee stock ownership plan, reduced capital in a subsidiary, repurchased and canceled some restricted shares, and won a first-instance lawsuit regarding shareholder Liu Cuiying's frozen shares - The company's second employee stock ownership plan completed the allocation of 5.4 million reserved shares, subscribed by General Manager Zhao Yong and Deputy General Manager He Jun[16] - Capital reduction of CNY 40 million for the wholly-owned subsidiary Jieshun Digital Technology (Shenzhen) Co., Ltd[37] - Completed the repurchase and cancellation of 112,900 shares from the fourth restricted stock incentive plan and unlocked 278,100 reserved shares for the first unlocking period[17][39] - Shareholder Ms. Liu Cuiying won the first-instance lawsuit regarding her frozen shares, with the court rejecting all plaintiff's claims[56] Financial Statements This section presents the consolidated and parent company financial statements, along with notes on adjustments and audit status Consolidated Financial Statements This section presents the company's Q1 2021 consolidated financial statements, including the balance sheet, income statement, and cash flow statement, reflecting the overall financial position, operating results, and cash flows of the company and its subsidiaries Consolidated Balance Sheet As of March 31, 2021, consolidated total assets were CNY 2.99 billion, a 5.44% decrease from the beginning of the year, with total liabilities at CNY 695 million, down 18.45%, and equity attributable to the parent company at CNY 2.21 billion, a slight 0.39% decrease Key Consolidated Balance Sheet Items (Unit: Yuan) | Item | March 31, 2021 | December 31, 2020 | | :--- | :--- | :--- | | Total Assets | 2,989,345,893.77 | 3,161,314,858.12 | | Cash and Cash Equivalents | 836,462,608.25 | 1,032,902,057.73 | | Accounts Receivable | 598,927,976.34 | 659,058,879.15 | | Inventories | 198,450,473.48 | 157,136,301.11 | | Total Liabilities | 695,267,283.76 | 852,536,917.47 | | Accounts Payable | 152,735,626.18 | 245,128,011.41 | | Long-term Borrowings | 244,002,643.39 | 212,211,455.42 | | Total Owners' Equity | 2,294,078,610.01 | 2,308,777,940.65 | | Owners' Equity Attributable to Parent Company | 2,206,022,208.90 | 2,214,760,382.55 | Consolidated Income Statement In Q1 2021, the company's total operating revenue reached CNY 182.24 million, a 57.71% increase, while total operating costs were CNY 202.56 million, up 39.56%, and net loss attributable to parent company shareholders significantly narrowed by 55.98% to CNY -8.43 million Key Consolidated Income Statement Items (Unit: Yuan) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | I. Total Operating Revenue | 182,242,681.26 | 115,553,871.10 | | II. Total Operating Costs | 202,560,693.62 | 145,146,497.33 | | Including: Operating Costs | 106,508,995.48 | 68,324,705.11 | | Selling Expenses | 51,049,390.62 | 41,316,456.38 | | Research and Development Expenses | 23,543,643.56 | 19,040,704.76 | | III. Operating Profit | -13,269,754.66 | -19,056,410.58 | | V. Net Profit | -11,088,379.25 | -18,664,531.76 | | Net Profit Attributable to Parent Company Shareholders | -8,431,745.66 | -19,155,183.80 | | VIII. Earnings Per Share | | | | Basic Earnings Per Share | -0.0138 | -0.0303 | Consolidated Cash Flow Statement In Q1 2021, net cash flow from operating activities improved to CNY -171.51 million, while net cash outflow from investing activities was CNY 53.77 million, and net cash inflow from financing activities was CNY 29.34 million, resulting in an ending cash and cash equivalents balance of CNY 827.23 million Key Consolidated Cash Flow Statement Items (Unit: Yuan) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | I. Net Cash Flow from Operating Activities | -171,512,150.12 | -205,720,896.42 | | Cash Received from Sales of Goods and Services | 316,328,545.72 | 156,696,507.29 | | Cash Paid for Goods and Services | 239,726,302.47 | 157,101,065.47 | | II. Net Cash Flow from Investing Activities | -53,766,240.55 | -43,847,608.10 | | III. Net Cash Flow from Financing Activities | 29,337,067.19 | 47,724,227.26 | | V. Net Increase in Cash and Cash Equivalents | -196,285,853.88 | -201,703,805.78 | | VI. Ending Balance of Cash and Cash Equivalents | 827,232,777.67 | 757,823,632.43 | Parent Company Financial Statements This section presents the parent company's standalone financial statements, providing insights into its financial position and operating results, excluding subsidiary performance Parent Company Balance Sheet As of March 31, 2021, the parent company's total assets were CNY 2.74 billion, total liabilities were CNY 659 million, and total owners' equity was CNY 2.08 billion Key Parent Company Balance Sheet Items (Unit: Yuan) | Item | March 31, 2021 | December 31, 2020 | | :--- | :--- | :--- | | Total Assets | 2,738,705,665.36 | 2,881,696,699.17 | | Total Liabilities | 659,395,933.18 | 798,542,853.78 | | Total Owners' Equity | 2,079,309,732.18 | 2,083,153,845.39 | Parent Company Income Statement In Q1 2021, the parent company's operating revenue reached CNY 166.34 million, with a net loss of CNY -3.86 million, significantly narrowing from CNY -16.75 million in the prior period Key Parent Company Income Statement Items (Unit: Yuan) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | I. Operating Revenue | 166,338,370.84 | 97,615,311.95 | | II. Operating Profit | -5,770,160.77 | -17,160,654.63 | | IV. Net Profit | -3,857,685.21 | -16,751,624.98 | Parent Company Cash Flow Statement In Q1 2021, the parent company's net cash flow from operating activities was CNY -111.82 million, net cash outflow from investing activities was CNY 97.63 million, and net cash inflow from financing activities was CNY 29.66 million Key Parent Company Cash Flow Statement Items (Unit: Yuan) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | I. Net Cash Flow from Operating Activities | -111,823,007.20 | -131,553,837.29 | | II. Net Cash Flow from Investing Activities | -97,624,960.92 | -40,193,272.43 | | III. Net Cash Flow from Financing Activities | 29,657,067.18 | 47,724,227.26 | | VI. Ending Balance of Cash and Cash Equivalents | 402,389,959.92 | 387,513,204.58 | Financial Statement Adjustments and Audit Status The company states no adjustments to the opening balance sheet were needed under new lease standards due to the absence of leasing activities, and this quarterly report remains unaudited - The company did not need to adjust its opening balance sheet under the new lease standards due to the absence of leasing activities[114] - The company's Q1 2021 report is unaudited[115]