宝明科技(002992) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥232,073,266.99, a decrease of 14.83% compared to ¥272,487,753.58 in the same period last year[9] - The net profit attributable to shareholders was -¥33,989,689.38, representing a decline of 387.16% from ¥11,836,443.04 in the previous year[9] - The basic and diluted earnings per share were both -¥0.25, a decrease of 327.27% from ¥0.11 in the previous year[9] - The net profit for the current period is CNY -33,666,873.91, compared to a net profit of CNY 11,723,317.84 in the previous period, indicating a significant decline[70] - The operating profit for the current period was -¥33,665,220.62, compared to a profit of ¥8,704,543.82 in the previous period, indicating a significant decline[77] - The net profit for the current period was -¥27,359,334.24, down from ¥8,491,589.40 in the previous period, reflecting a substantial loss[79] - The total comprehensive income for the current period was -¥27,359,334.24, compared to ¥8,491,589.40 in the previous period[80] - Basic earnings per share are projected to be CNY -0.18, down 140.83% from CNY 0.44 in the previous year[36] Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 262.06%, reaching ¥189,080,251.16 compared to ¥52,223,048.88 in the same period last year[9] - The cash flow from operating activities was ¥189,080,251.16, an increase from ¥52,223,048.88 in the previous period[84] - The net cash flow from financing activities decreased by 394.11% to -¥251,100,277.88, primarily due to an increase in loan repayments[24] - The total cash and cash equivalents at the end of the period stood at 84,023,210.40 CNY, compared to 64,235,597.82 CNY in the previous period, indicating a positive cash position despite the net decrease[91] - The company reported a net decrease in cash and cash equivalents of -85,331,438.18 CNY, contrasting with an increase of 33,383,749.70 CNY in the previous period, indicating liquidity challenges[91] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,528,918,552.16, down 2.63% from ¥2,597,114,364.54 at the end of the previous year[9] - The company's equity attributable to shareholders was CNY 1.48 billion, a decrease from CNY 1.52 billion[55] - Total liabilities were CNY 1.05 billion, down from CNY 1.08 billion at the end of 2020[52] - Current assets totaled CNY 1.61 billion, down from CNY 1.71 billion at the end of the previous year[46] - Total operating costs for the current period amount to CNY 273,172,982.20, an increase of 1.1% from CNY 268,883,008.55 in the previous period[67] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,413[13] - The largest shareholder, Shenzhen Baoming Investment Co., Ltd., held 30.70% of the shares, totaling 42,360,000 shares[14] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[18] Government Support and Investments - The company received government subsidies totaling ¥832,096.22 during the reporting period[10] - The company plans to establish a wholly-owned subsidiary with an investment of ¥100 million, approved by the board on January 3, 2021[25] - The company intends to conduct a non-public offering of A-shares, raising up to ¥150 million for various projects, including backlight source construction and LCD panel glass processing[25] Expenses and Cost Management - The company's management expenses rose by 41.36% to ¥11,685,238.47, mainly due to an increase in employee compensation[21] - The financial expenses decreased by 68.96% to ¥1,025,837.36, attributed to an increase in interest income from bank deposits[21] - Research and development expenses for the current period are CNY 20,063,551.20, up from CNY 16,105,166.96 in the previous period, reflecting a 24.2% increase[67] - The company incurred financial expenses of ¥2,326,119.34, which is comparable to ¥2,344,054.16 in the previous period[74] Market Conditions - Increased R&D and management investments have led to higher expenses, contributing to the expected loss[36] - Intensified industry competition has resulted in continued low prices for mobile backlight sources, further impacting profitability[36]