华星创业(300025) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥163,147,743.88, representing a 3.10% increase compared to ¥158,242,451.38 in the same period last year[9]. - The net profit attributable to shareholders was a loss of ¥5,911,473.06, an improvement of 80.66% from a loss of ¥30,573,691.21 in the previous year[9]. - The basic earnings per share improved to -¥0.0138, an 80.65% increase from -¥0.0713 in the previous year[9]. - The net profit for Q1 2021 was -¥5,816,114.75, compared to -¥30,867,117.93 in the same period last year, showing a significant reduction in losses[49]. - The total comprehensive income for Q1 2021 was -¥5,784,154.58, compared to -¥30,714,115.38 in the same period last year[49]. - The net cash flow from operating activities improved to -¥22,483,639.85, a 64.70% reduction in loss compared to -¥63,693,155.25 in the same period last year[9]. Assets and Liabilities - Total assets at the end of the reporting period were ¥924,942,646.71, down 3.63% from ¥959,809,678.04 at the end of the previous year[9]. - The company's current assets totaled CNY 739,732,421.74, down from CNY 775,426,320.32 at the end of 2020, indicating a decrease of about 4.60%[38]. - The company's total liabilities as of March 31, 2021, were CNY 563,732,000.00, compared to CNY 570,000,000.00 at the end of 2020, reflecting a decrease of approximately 1.09%[39]. - Total liabilities decreased to CNY 606,360,748.58 from CNY 635,443,625.33[41]. - The total assets decreased to CNY 772,199,673.53 from CNY 796,599,702.96[43]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,089[13]. - The largest shareholder, Shanghai Fanyin Technology Co., Ltd., holds 11.88% of the shares, totaling 50,901,030 shares, which are currently frozen[13]. - Hangzhou Zhaoxiang directly holds 3.75% of the company's shares and has voting rights over an additional 11.88% through entrusted voting rights, making it the largest single shareholder[24]. - The company has completed the delivery of 16,074,010 shares to Hangzhou Zhaoxiang, while 50,901,030 shares remain under judicial freeze, posing a risk to control stability[24]. - The company plans to issue shares to Hangzhou Zhaoxiang to increase its holding ratio and consolidate control, pending approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission[24][26]. Cash Flow and Financing Activities - Cash and cash equivalents decreased by 33.26% compared to the beginning of the period, mainly due to payments for goods and repayment of borrowings[18]. - Cash inflow from financing activities totaled 20,000,000.00 CNY, down from 48,000,000.00 CNY in the previous period, leading to a net cash flow of -12,298,375.00 CNY[57]. - The ending balance of cash and cash equivalents was 74,083,457.07 CNY, a decrease from 86,808,141.74 CNY in the previous period[57]. - The company reported a total cash outflow from operating activities of 221,016,086.08 CNY, compared to 315,363,160.58 CNY in the previous period[56]. Operational Highlights - The company is actively developing 5G network testing software to enhance service capabilities and reduce third-party software procurement costs[21]. - The FlyTool platform (5G version) is expected to be completed by the end of March 2021, aimed at improving efficiency and reducing costs in network optimization[21]. - Research and development expenses increased to ¥2,999,653.09, up from ¥2,233,001.84, indicating a focus on innovation[51]. Risks and Future Plans - The company faces risks from market competition, reliance on major clients, and the need for continuous technology and product updates[22][23]. - The company plans to continue focusing on its main business and aims to achieve its annual operational goals[22].