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永和智控(002795) - 2021 Q1 - 季度财报
YorheYorhe(SZ:002795)2021-04-29 16:00

Financial Performance - The company's revenue for Q1 2021 was ¥180,406,859.36, representing a 37.77% increase compared to ¥130,945,135.99 in the same period last year[9] - Net profit attributable to shareholders was ¥7,390,662.30, a decrease of 4.97% from ¥7,777,412.59 in the previous year[9] - The net profit after deducting non-recurring gains and losses was ¥6,903,617.33, down 4.02% from ¥7,193,090.53 year-on-year[9] - Operating revenue for the current period reached ¥180,406,859.36, a 37.77% increase compared to ¥130,945,135.99 in the same period last year, driven by an expansion in business scale[19] - The company's total comprehensive income for the period was CNY -5,676,156.69, compared to CNY -883,593.19 in the previous period, indicating a decline in overall financial health[63] Cash Flow - The net cash flow from operating activities increased by 15.86% to ¥17,538,692.11 from ¥15,137,908.87 in the same period last year[9] - The net cash flow from operating activities was ¥17,538,692.11, a 15.86% increase from ¥15,137,908.87, mainly due to higher cash receipts from sales and tax refunds[21] - The net cash flow from investing activities improved by 88.21%, reducing losses to -¥8,339,974.85 from -¥70,721,066.18, as cash payments for investments decreased[21] - The net cash flow from operating activities for Q1 2021 was ¥976,804.13, a decrease of 74.7% compared to ¥3,859,275.63 in the same period last year[69] - Total cash inflow from operating activities was ¥3,451,170.74, down 85.3% from ¥23,605,367.67 in Q1 2020[69] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,258,335,756.56, up 6.10% from ¥1,185,934,827.59 at the end of the previous year[9] - The company's total assets as of March 31, 2021, were CNY 1,069,435,454.78, down from CNY 1,075,916,124.09 at the end of 2020[54] - The total liabilities increased to CNY 609,878,768.70 from CNY 544,960,214.46, representing an increase of approximately 11.9%[50] - Total liabilities increased to ¥544,960,214.46, reflecting a rise of ¥78,879,544.18 compared to the previous year[74] - The company's total equity remained stable at ¥640,974,613.13, unchanged from the previous year[74] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,068[12] - The company’s major shareholder, the actual controller, plans to increase holdings by acquiring between 1.9 million and 2 million shares, which has been completed with 1,907,200 shares acquired[22] - The company’s major shareholder transferred 58 million shares, representing 29.00% of total equity, to the actual controller, ensuring continued control over the company[25] Research and Development - R&D expenses surged by 86.92% to ¥4,091,776.07 from ¥2,189,109.63, indicating a significant increase in investment in research and development[19] - Research and development expenses for Q1 2021 were CNY 4,091,776.07, compared to CNY 2,189,109.63 in the previous period, indicating increased investment in innovation[57] Financial Management - Financial expenses skyrocketed by 356.41% to ¥8,058,672.53 from ¥1,765,667.35, primarily due to increased interest expenses on bank loans[19] - The company reported a significant credit impairment loss of CNY -1,230,736.95, which negatively impacted the overall profit[62] Investments and Loans - The company received a loan of RMB 28.5 million from its controlling shareholder, with a one-year term and no collateral required[32] - The company entered into a maximum loan agreement with its controlling shareholder for up to RMB 300 million, available for two years with a maximum loan term of 24 months[33] - The company engaged in derivative investments, including forward foreign exchange contracts with Bank of China and Industrial and Commercial Bank of China, with a total initial investment of RMB 195.82 million[38] Accounting and Standards - The company implemented a new leasing standard starting January 1, 2021, which resulted in adjustments to the financial statements[75] - The company has adopted the new leasing standards effective from January 1, 2021, impacting retained earnings and related financial statement items[77] - The first quarter report for 2021 has not been audited[78]