锐明技术(002970) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥260,641,481.39, representing a 12.45% increase compared to ¥231,779,751.61 in the same period last year[8] - The net profit attributable to shareholders was -¥19,539,365.92, a decrease of 226.43% from ¥15,455,146.57 in the previous year[8] - The net cash flow from operating activities was -¥26,324,338.02, which is a decline of 239.68% compared to -¥7,749,826.01 in the same period last year[8] - The basic earnings per share were -¥0.11, a decrease of 222.22% from ¥0.09 in the same period last year[8] - The weighted average return on equity was -1.27%, down 2.38% from 1.11% in the previous year[8] - The company reported a net loss for Q1 2021 of -27,429,649.11 CNY, compared to a net profit of 10,450,972.39 CNY in the same period last year, indicating a significant decline[54] - Operating profit for Q1 2021 was -26,779,724.92 CNY, down from 12,959,793.20 CNY in Q1 2020, reflecting a negative performance shift[54] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,215,777,490.43, down 3.19% from ¥2,288,841,290.77 at the end of the previous year[8] - The company's total assets decreased to CNY 2,131,669,489.35 from CNY 2,153,758,894.79, reflecting a decline of 1.0%[47] - The company's total liabilities decreased to ¥658,618,348.28 from ¥708,074,766.66, a reduction of approximately 7%[42] - Total liabilities decreased to CNY 725,102,893.47 from CNY 749,979,974.35, a reduction of 3.3%[47] - The company's cash and cash equivalents decreased to ¥555,827,610.77 from ¥958,154,338.01, a decline of about 42%[40] - The total cash and cash equivalents at the end of the period were CNY 408,554,365.27, down from CNY 876,629,047.77 year-over-year, reflecting a decrease of approximately 53.5%[62] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,965[11] - Major shareholders include Zhao Zhijian with 26.42% and Wang Xidian with 19.33% of the shares[11] Expenses and Costs - Operating costs rose to RMB 168.74 million, a 30.92% increase from RMB 128.88 million in the same period last year, primarily due to rising material costs[17] - R&D expenses increased by 41.34% to RMB 57.11 million from RMB 40.40 million, reflecting continued investment in research and development[17] - The company reported a 49.42% increase in selling expenses to RMB 48.24 million, reflecting aggressive expansion into overseas markets[17] - The company recorded a credit impairment loss of CNY 6,765,891.52, compared to a loss of CNY -1,921,977.84 in the previous year[50] Government Support and Funding - The company received government subsidies amounting to ¥8,617,946.00 during the reporting period[9] - The company raised a total of RMB 820.8 million from the public offering, with a net amount of RMB 752.6 million after deducting issuance costs[27] - As of March 31, 2021, the company has utilized RMB 404.85 million of the raised funds, representing 53.79% of the total[31] Investment and Projects - The company reported a profit impact of RMB 27.12 million from derivative investments during the reporting period[26] - The commercial vehicle monitoring information system project has achieved a progress rate of 53.42%[28] - The research center construction project has a progress rate of 43.79% and is expected to be completed by June 30, 2021[31] - The marketing and service network construction project has a progress rate of 55.12%[31] Communication and Future Outlook - The company held a communication session with 125 investors discussing its operational status and future outlook on March 12, 2021[37] - The company continues to focus on expanding its market presence and developing new technologies, although specific figures were not disclosed in the financial report[69] Accounting and Compliance - The first quarter report was not audited, indicating that the figures presented are preliminary and subject to change[71] - The company has not made any significant changes to its accounting policies regarding derivative investments compared to the previous reporting period[26]