华平股份(300074) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥67,685,383.72, representing a 41.75% increase compared to ¥47,749,625.77 in the same period last year[8] - The net profit attributable to shareholders was -¥7,930,970.55, a significant improvement of 69.44% from -¥25,232,986.73 year-over-year[8] - The basic earnings per share improved to -¥0.0149, up 69.47% from -¥0.0475 in the same period last year[8] - The net profit attributable to the parent company improved to CNY -7,930,970.55, a 69.44% increase from CNY -25,950,563.72 in the same period last year[21] - Net loss for Q1 2021 was CNY 7,109,766.66, compared to a net loss of CNY 27,282,877.85 in Q1 2020, indicating a significant improvement[49] - The company reported a total comprehensive loss of CNY -3,870,154.38, compared to CNY -14,851,189.47 in the previous period, showing an improvement[54] Cash Flow - The net cash flow from operating activities was -¥51,281,366.26, which is a decline of 70.85% compared to -¥30,015,781.05 in the previous year[8] - Cash flow from operating activities showed a net outflow of CNY -51,281,366.26, which is a 70.85% increase in outflow compared to CNY -30,016,136.19 in Q1 2020[21] - The total cash inflow from operating activities was CNY 90,253,620.55, an increase of 35.2% compared to CNY 66,852,263.26 in the previous period[57] - The net cash outflow from operating activities was CNY -51,281,366.26, worsening from CNY -30,016,136.19 in the previous period[58] - The cash inflow from investment activities was CNY 7,300,031.97, significantly lower than CNY 65,204,863.01 in the previous period, resulting in a net cash outflow of CNY -24,393,694.96[58] - The total cash outflow from financing activities was CNY 12,252,631.93, compared to CNY 105,840.00 in the previous period, leading to a net cash outflow of CNY -12,252,631.93[58] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,637,876,407.73, down 5.80% from ¥1,738,680,519.54 at the end of the previous year[8] - The net assets attributable to shareholders decreased slightly by 0.57% to ¥1,146,233,279.41 from ¥1,152,776,208.68 at the end of the last year[8] - Total current assets decreased from CNY 994,053,800.12 to CNY 912,855,028.46, a decline of approximately 8.2%[39] - Total non-current assets decreased from CNY 744,626,719.42 to CNY 725,021,379.27, a decline of approximately 2.6%[40] - Total liabilities decreased from CNY 573,105,257.05 to CNY 478,024,036.14, a decrease of about 16.6%[41] - Total equity decreased from CNY 1,165,575,262.49 to CNY 1,159,852,371.59, a slight decline of about 0.5%[42] Shareholder Information - The top shareholder, Zhihui Technology Investment (Shenzhen) Co., Ltd., holds 15.56% of the shares, totaling 83,061,778 shares[12] - The total number of ordinary shareholders at the end of the reporting period was 30,501[12] Operational Highlights - The company is focusing on expanding its smart city operations, including visual application solutions for security monitoring and intelligent transportation[22] - The company plans to continue its core business in audio-visual communication products and intelligent image integration applications[22] - The company plans to continue improving and innovating its technology research and development, launching a series of emergency communication products to meet diverse needs[27] Investment Activities - The company sold 10% of its stake in Beijing Chip Fire Technology Co., Ltd. for 33 million yuan, which will not affect the consolidated financial statements[29] - The company acquired 10.745% of Zhengzhou New Yihua Medical Technology Co., Ltd. for approximately 21.59 million yuan, increasing its total stake to 36.856%[29] Risks and Challenges - The company faces risks from intensified industry competition and rapid technological changes, which may impact its market share and business performance[26] - The company is actively exploring new business areas but may encounter challenges such as talent shortages and marketing channel expansion difficulties[28] Research and Development - Research and development expenses decreased by 32.94% to CNY 8,526,518.14 from CNY 12,714,345.95 in Q1 2020[21] - Research and development expenses for Q1 2021 were CNY 8,526,518.14, down from CNY 12,714,345.95, a decrease of 33.0%[48] Other Financial Metrics - The company reported non-operating income of ¥221,239.01 from the disposal of non-current assets during the reporting period[9] - The company received government subsidies amounting to ¥462,692.11, which are closely related to its business operations[9] - The company reported a credit impairment loss of CNY -9,466,725.81, worsening from CNY -7,231,875.79 in the previous year[48] - The company has implemented the new leasing standards starting from 2021, with retrospective adjustments to prior comparative data[63] - The first quarter report for 2021 has not been audited[64]