Anjie(SZ:002635)2021-04-26 16:00Financial Performance - The company's revenue for Q1 2021 was ¥728,862,947.62, representing a 16.90% increase compared to ¥623,497,279.70 in the same period last year[9]. - The net profit attributable to shareholders for Q1 2021 was ¥4,498,776.34, a significant decrease of 96.74% from ¥137,803,384.20 in the previous year[9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥1,674,978.01, down 102.33% from ¥71,958,612.57 year-on-year[9]. - Basic and diluted earnings per share were both ¥0.006, down 97.00% from ¥0.20 in the previous year[9]. - The net profit for the current period was ¥4,140,406.64, a decrease of 97% compared to ¥137,614,660.04 in the previous period[81]. - The net profit for the current period is CNY 25,931,365.89, compared to CNY 107,396,120.61 in the previous period, representing a decrease of approximately 76.1%[88]. - The total profit for the current period is CNY 28,381,043.27, down from CNY 114,232,165.80 in the previous period, indicating a decline of about 75.1%[88]. - The operating profit for the current period is CNY -9,092,331.88, compared to CNY 113,726,960.66 in the previous period, reflecting a significant loss[88]. Cash Flow - The net cash flow from operating activities was ¥38,167,356.24, a decline of 71.96% compared to ¥136,122,712.36 in the same period last year[9]. - Cash inflow from operating activities is CNY 800,186,462.02, slightly down from CNY 805,868,404.77 in the previous period[92]. - Cash outflow from operating activities totals CNY 762,019,105.78, compared to CNY 669,745,692.41 in the previous period, indicating an increase of approximately 13.8%[95]. - The net cash flow from operating activities is CNY 38,167,356.24, down from CNY 136,122,712.36 in the previous period, a decrease of about 72%[95]. - The total cash inflow from investment activities is CNY 1,883,911,799.67, compared to CNY 1,052,861,470.40 in the previous period, showing an increase of approximately 78.6%[95]. - The total cash outflow from investment activities is CNY 2,190,574,895.81, up from CNY 1,456,699,125.07 in the previous period, indicating an increase of about 50.3%[95]. - The net cash flow from financing activities is CNY 44,054,208.67, compared to CNY 58,271,415.11 in the previous period, reflecting a decrease of approximately 24.4%[98]. - The ending balance of cash and cash equivalents is CNY 1,256,835,857.09, compared to CNY 373,016,773.78 in the previous period, representing an increase of about 236.5%[98]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,302,527,468.43, a slight decrease of 0.33% from ¥7,327,018,193.54 at the end of the previous year[9]. - The total assets amounted to ¥5,824,731,687.64, down from ¥6,216,921,898.62 in the previous period[83]. - Total liabilities decreased from ¥1,344,550,109.98 to ¥1,315,989,675.92, a decline of about 2.12%[63]. - Current liabilities decreased from ¥1,141,008,642.30 to ¥1,097,469,661.67, a reduction of approximately 3.81%[63]. - The owner's equity totaled ¥5,501,774,474.90, an increase from ¥5,475,843,109.01 in the previous period[83]. - The total equity attributable to shareholders decreased from ¥5,981,995,305.59 to ¥5,980,370,305.12, a decrease of about 0.03%[66]. Investments and Subsidiaries - The company plans to acquire BIGL Industrial's drive arm and related components production business for USD 5 million equivalent in RMB[24]. - A new subsidiary, Suzhou Anzhi Wireless Technology Research Institute Co., Ltd., was established with an investment of RMB 10 million to enhance R&D capabilities[27]. - The company established a wholly-owned subsidiary, Suzhou Anjie Comfortable Home Technology Co., Ltd., with a registered capital of 10 million RMB to engage in technology promotion, daily goods sales, and home goods manufacturing[28]. - The company approved an investment of 1.45 million USD into its wholly-owned subsidiary, Shixin International Co., Ltd., to expand its overseas business[32]. - The company transferred 17.7274% of its equity in subsidiary Anjie Wireless Technology (Suzhou) Co., Ltd. to key employees and a partnership, retaining 82.2725% ownership after the transfer[28]. Research and Development - Research and development expenses grew by 62.71% to RMB 63,519,316.30 as the company intensified investment in new product development[20]. - Research and development expenses increased significantly to ¥63,519,316.30, a rise of 62.8% from ¥39,037,377.45 in the previous period[78]. Government and Non-Operating Income - The company received government subsidies amounting to ¥2,368,045.56 related to its operations during the reporting period[9]. - The company reported non-operating income of ¥37,476,876.04 due to compensation from a subsidiary for unmet performance commitments in 2020[9]. - The company reported a 4009.25% increase in non-operating income to RMB 37,695,398.39 due to performance compensation from subsidiaries[20]. Shareholder and Equity Activities - The company plans to repurchase shares with a total amount not less than 100 million RMB and not exceeding 200 million RMB, with a repurchase price capped at 20 RMB per share[36]. - The company raised a total of ¥1,508,269,977.54 through a non-public offering of shares, with a net amount of ¥1,477,429,977.54 after deducting issuance costs[45]. - As of March 31, 2021, the company had a remaining balance of ¥20,259.82 million from the raised funds, after utilizing ¥5,798.49 million during the reporting period[45]. Operational Changes - Chongqing Anjie Electronics Co., Ltd. absorbed its wholly-owned subsidiary, Chongqing Dahao Electronics Co., Ltd., to improve operational efficiency and reduce management costs[29]. - Suzhou West East Mountain Electronics Technology Co., Ltd. absorbed its wholly-owned subsidiary, Suzhou Weijie Communication Technology Co., Ltd., to streamline management and reduce costs[29].