华力创通(300045) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥151,608,731, a decrease of 10.70% compared to ¥169,775,679.27 in the same period last year[8] - Net profit attributable to shareholders was ¥12,815,019.65, down 38.18% from ¥20,730,810.13 year-on-year[8] - Basic earnings per share decreased by 37.98% to ¥0.0209 from ¥0.0337 in the same period last year[8] - The company reported a revenue of 151.61 million CNY for Q1 2021, a decrease of 10.70% compared to the same period last year[29] - The net profit attributable to shareholders was 12.82 million CNY, down 38.18% year-over-year[29] - The net profit for the current period is 14,616,452.37, a decrease of 21.0% compared to 18,563,297.71 from the previous period[79] - The total profit for the current period is 16,314,576.17, down from 19,760,784.69, reflecting a decline of 17.0%[79] - The operating profit is reported at 16,169,949.16, which is a decrease of 18.0% from 19,760,784.69 in the previous period[79] Cash Flow - The net cash flow from operating activities was -¥118,264,354.26, representing a decline of 56.31% compared to -¥75,660,172.71 in the previous year[8] - The company’s operating cash flow net amount was -118.26 million CNY, a decline of 56.31% compared to the previous year[28] - Cash inflow from operating activities totals 150,757,628.56, an increase of 6.0% compared to 141,597,953.88 from the previous period[85] - Cash outflow from operating activities is 269,021,982.82, up from 217,258,126.59, indicating a rise of 23.8%[85] - The net cash flow from operating activities is -118,264,354.26, worsening from -75,660,172.71 in the previous period[85] - Cash inflow from investment activities is 22,002,994.00, while cash outflow is 26,708,177.43, resulting in a net cash flow of -4,705,183.43[85] - The cash and cash equivalents at the end of the period stand at 107,489,526.43, down from 116,661,668.84[89] - The company received 6,000,000.00 in cash from borrowings, while cash outflow for debt repayment was 12,856,296.54[89] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,362,667,778.74, a decrease of 1.32% from ¥2,394,246,267.44 at the end of the previous year[8] - Current liabilities decreased from ¥586,073,025.05 to ¥539,664,132.84, a reduction of approximately 7.9%[56] - Total liabilities decreased from ¥645,598,435.67 to ¥598,933,933.34, a decline of about 7.2%[56] - Cash and cash equivalents decreased significantly from ¥113,440,844.53 to ¥22,114,618.87, a drop of approximately 80.5%[59] - Accounts receivable increased from ¥659,871,719.41 to ¥714,444,042.26, an increase of about 8.2%[59] - Inventory increased from ¥148,320,802.44 to ¥181,836,284.40, representing a rise of approximately 22.5%[59] - The company's equity attributable to shareholders increased from ¥1,741,488,371.82 to ¥1,757,850,169.14, an increase of about 0.9%[58] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 61,360[12] - Major shareholder Gao Xiaoli held 17.72% of the shares, with a total of 108,866,400 shares, of which 81,649,800 were pledged[12] Research and Development - The company plans to focus on industrial development and R&D investment to capitalize on opportunities in national defense informationization and satellite internet[29] - The company has increased its R&D investment in chip design and multi-technology integration, but faces risks associated with high technical complexity and long development cycles[36] - Research and development expenses for the current period are ¥8,532,816.81, an increase of 14.0% from ¥7,485,455.46 in the previous period[69] - The company has established a strategy to enhance its R&D management system to improve efficiency and reduce risks associated with product development failures[36] Operational Challenges - The company is facing risks related to talent retention due to increased competition for high-end talent in the strategic emerging industry, which is critical for its operational stability and sustainable development[35] - The company has reported a significant amount of accounts receivable, which affects cash flow efficiency, with accounts receivable amounting to approximately CNY 811.41 million as of March 31, 2021[50] - The company has implemented measures to strengthen accounts receivable management, including integrating collection performance into marketing personnel's responsibilities[35] Contracts and Partnerships - A significant contract worth 182 million CNY was signed for the development of vehicle-mounted BeiDou/GPS multimedia intelligent modules[29] - The company has supplied a total of 33,350 sets of the embedded navigation modules to its partner, Good Helper, but has decided to terminate the contract due to market pressures from integrated navigation and smartphone navigation systems[32] Miscellaneous - The company received government subsidies amounting to ¥446,703.60 during the reporting period[8] - The company has completed the name change of its subsidiary to Zhongxing Shuchuang (Yunnan) Technology Co., Ltd., reflecting its ongoing structural adjustments[37] - The company did not undergo an audit for the first quarter report[96]