ZYGF(SZ:300018)2021-04-26 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥63,424,746.04, representing an increase of 87.25% compared to ¥33,871,927.73 in the same period last year[7]. - The net profit attributable to shareholders was -¥5,734,167.79, a 15.52% improvement from -¥6,787,365.53 year-on-year[7]. - The net cash flow from operating activities was -¥16,381,419.46, a decline of 284.21% compared to -¥4,263,673.27 in the previous year[7]. - The basic earnings per share for the period was -¥0.01, unchanged from the previous year[7]. - The weighted average return on net assets was -0.53%, an improvement of 0.12% from -0.65% in the previous year[7]. - The total operating revenue for Q1 2021 was CNY 63,424,746.04, a significant increase of 87.2% compared to CNY 33,871,927.73 in Q1 2020[58]. - The total operating costs for Q1 2021 were CNY 73,972,834.38, up 56.5% from CNY 47,216,480.41 in the same period last year[59]. - The net loss for Q1 2021 was CNY 7,139,664.75, compared to a net loss of CNY 8,685,531.46 in Q1 2020, indicating an improvement of 17.8%[60]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,292,510,043.19, down 2.28% from ¥1,322,615,923.51 at the end of the previous year[7]. - The total current assets were reported at ¥930.69 million, down from ¥968.59 million at the end of 2020, reflecting a decrease of approximately 3.9%[50]. - The company's accounts receivable decreased to ¥170.48 million from ¥212.07 million, representing a decline of about 19.6%[50]. - The total liabilities decreased to ¥145.30 million from ¥172.02 million, indicating a reduction of approximately 15.5%[52]. - The company's inventory increased to ¥144.80 million from ¥132.48 million, showing an increase of about 9.3%[50]. - The total liabilities as of March 31, 2021, were CNY 106,007,916.41, down from CNY 114,301,637.79 at the end of 2020[56]. - The total equity attributable to shareholders of the parent company was CNY 1,084,743,980.48, slightly down from CNY 1,090,478,148.27 at the end of 2020[55]. Cash Flow - Cash and cash equivalents decreased by 54.56% compared to the end of last year, mainly due to the purchase of financial products[19]. - As of March 31, 2021, the company's cash and cash equivalents amounted to ¥250.62 million, a decrease of 54.5% from ¥551.55 million on December 31, 2020[50]. - The net cash flow from operating activities was CNY -16,381,419.46, compared to CNY -4,263,673.27 in the previous year, reflecting a deterioration in cash flow[68]. - The company reported cash inflows from investment activities of CNY 20,191,166.53, down from CNY 70,546,883.33 in the previous year[69]. - Cash outflows from investment activities totaled CNY 308,551,830.47, significantly higher than CNY 177,853,794.41 in the same period last year[69]. - The net cash flow from financing activities was CNY 3,683,518.75, an improvement from CNY -36,400.00 in the previous year[69]. Shareholder Information - The total number of shareholders at the end of the reporting period was 32,497[12]. - The top shareholder, 邓志刚, holds 5.60% of the shares, totaling 26,950,000 shares[12]. Research and Development - The company has multiple R&D projects in progress, including a smart grid fault diagnosis system and various medical health software, enhancing its competitive edge[26]. - Research and development expenses for Q1 2021 were CNY 17,505,190.22, an increase of 22.5% compared to CNY 14,354,335.04 in Q1 2020[59]. - The company aims to enhance its core competitiveness through increased R&D investment in both smart grid and medical health sectors[26]. Investments and Projects - The company invested 20 million yuan to acquire a 2.5% stake in Shanghai Bozhiyan New Drug Technology Co., Ltd.[31]. - The company has invested 5,000 million in the power quality monitoring and governance project, and 2,800 million in the new automatic tracking compensation arc suppression device project[42]. - The company reported a total of 13,000.26 million allocated to projects using over-raised funds, with 559.18 million invested in the reporting period[40]. - The smart grid business accounted for 95.56 million yuan of the total contracts, growing by 77.68% year-on-year[29]. - The company launched three new projects in the smart grid sector, including a new generation of intelligent fault recording devices[29][30]. Miscellaneous - The company has not reported any non-operating fund occupation by controlling shareholders or their affiliates during the reporting period[45]. - The first quarter report was not audited[78]. - The company has not made any adjustments for the new leasing standards applicable from 2021[78].