ENJOYOR(SZ:300020)2021-04-27 16:00Financial Performance - Revenue for Q1 2021 was CNY 507,725,465.84, a decrease of 3.40% compared to CNY 525,606,485.22 in the same period last year[7]. - Net profit attributable to shareholders was CNY 57,717,285.51, an increase of 3.77% from CNY 55,621,880.44 year-on-year[7]. - Net profit excluding non-recurring items was CNY 46,209,771.29, down 11.63% from CNY 52,291,758.22 in the previous year[7]. - Basic earnings per share increased by 12.50% to CNY 0.09 from CNY 0.08 in the same period last year[7]. - The company achieved operating revenue of RMB 507,725,465.84, a year-on-year decrease of 3.40%[19]. - The net profit attributable to shareholders was RMB 57,717,285.51, down 3.77% year-on-year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 46,209,771.29, a decline of 11.63% year-on-year[19]. - The total comprehensive income for the period was CNY 74,447,944.03, compared to CNY 56,408,555.78 in the previous period, representing an increase of approximately 32%[47]. Cash Flow and Liquidity - Operating cash flow showed a net outflow of CNY 396,391,183.96, worsening by 93.45% compared to a net outflow of CNY 204,908,841.58 last year[7]. - The company's cash and cash equivalents decreased significantly from CNY 699,721,404.35 at the end of 2020 to CNY 338,669,624.07 by March 31, 2021, representing a decline of approximately 51.6%[35]. - Cash and cash equivalents decreased significantly to CNY 310,620,192.50 from CNY 622,099,938.64[39]. - The ending balance of cash and cash equivalents was 243,107,814.24 CNY, down from 361,831,590.07 CNY, representing a decrease of approximately 32.7%[58]. - The net cash flow from operating activities was -351,947,425.69 CNY, compared to -293,949,864.21 CNY in the previous period, indicating a decline of approximately 19.6%[56]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,686,089,650.14, a decrease of 0.41% from CNY 6,713,578,738.66 at the end of the previous year[7]. - The total liabilities decreased from CNY 3,208,025,672.37 to CNY 3,106,088,639.82, indicating a reduction of approximately 3.2%[37]. - The total current assets slightly decreased from CNY 4,492,838,641.53 to CNY 4,476,030,349.87, a decline of about 0.4%[35]. - Accounts receivable increased from CNY 1,635,029,402.65 to CNY 1,768,425,442.92, reflecting a growth of about 8.1%[35]. - The total equity attributable to shareholders of the parent company increased to CNY 3,618,293,267.55 from CNY 3,557,628,035.82[42]. Shareholder Information - The top shareholder, Yinjian Technology Group Co., Ltd., holds 18.39% of the shares, totaling 120,599,500 shares[11]. - The total number of ordinary shareholders at the end of the reporting period was 47,048[11]. - There are ongoing issues regarding performance commitments from a major shareholder, with a total of 27,813,840 shares involved in compensation matters due to unmet performance targets[24]. - The performance commitments for the years 2013, 2014, and 2015 were not fulfilled, with required net profits of 50 million, 57.5 million, and 66.13 million yuan respectively[24]. Research and Development - R&D expenses increased compared to the previous period, reflecting the company's commitment to enhancing innovation[18]. - The company reported a significant increase in R&D expenses to CNY 7,245,382.00 from CNY 1,372,548.25, indicating a focus on innovation[45]. Operational Challenges - The company faced temporary impacts on project orders and delivery due to the COVID-19 pandemic[19]. - Cash flow from operating activities decreased due to increased procurement payments and lower-than-expected project collections[18]. - The company is actively managing risks and difficulties that may adversely affect future operations[22]. Compliance and Governance - The company has arranged for legal representation to follow up on the performance compensation matters related to the major shareholder[25]. - There were no violations of external guarantees during the reporting period[26]. - The company is committed to adhering to the Securities Law and improving operational standards to ensure sustainable development[29]. - The company plans to enhance internal audit processes and strengthen internal control systems to prevent future fund occupation issues[29].