eGOVA(SZ:300075)2021-04-27 16:00Financial Performance - The company's revenue for Q1 2021 was CNY 223,640,771.29, representing a 22.15% increase compared to CNY 183,085,877.01 in the same period last year[8] - Net profit attributable to shareholders was CNY 26,588,416.12, up 9.07% from CNY 24,376,660.99 year-on-year[8] - Total operating revenue for Q1 2021 was CNY 223,640,771.29, an increase of 22.1% compared to CNY 183,085,877.01 in the same period last year[71] - The net profit attributable to shareholders of the parent company is CNY 26,588,416.12, compared to CNY 24,376,660.99 in the previous period, reflecting an increase of about 9%[80] - The total comprehensive income for the current period is CNY 26,729,613.04, up from CNY 24,348,374.29, indicating an increase of around 10%[80] - The operating profit for the current period is CNY 31,882,159.79, compared to CNY 30,025,453.12 in the previous period, showing an increase of approximately 6%[80] - The total profit for the current period is CNY 31,873,677.55, an increase from CNY 28,034,610.55 in the previous period, which is about 14% growth[80] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -145,075,309.93, a decline of 113.23% compared to CNY -68,035,754.31 in the previous year[8] - Cash and cash equivalents decreased by 54.20% to ¥724,002,535.43 due to investments in financial products[22] - The company's cash and cash equivalents decreased to ¥724,002,535.43 from ¥1,580,865,317.52, indicating a significant reduction in liquidity[55] - Cash flow from operating activities showed a net outflow of ¥145,075,309.93, compared to a net outflow of ¥68,035,754.31 in the previous period, indicating a significant increase in cash outflow[91] - The company's cash and cash equivalents decreased by ¥852,986,762.86 during the period, compared to a decrease of ¥95,343,094.83 in the previous period, highlighting liquidity challenges[94] - The ending balance of cash and cash equivalents stood at ¥701,090,510.81, down from ¥604,954,974.20 in the previous period, reflecting a decline in available cash resources[94] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,989,877,128.80, down 1.66% from CNY 4,057,269,438.91 at the end of the previous year[8] - The total current assets as of March 31, 2021, amounted to ¥3,013,006,201.03, a decrease from ¥3,078,755,527.76 as of December 31, 2020[55] - The total liabilities decreased to CNY 829,202,828.31 from CNY 946,062,343.96, showing a reduction in the company's debt levels[61] - Total liabilities decreased to CNY 467,530,239.84 from CNY 556,123,865.98, a reduction of 16%[71] Investments and Projects - The company won the bid for the urban comprehensive management service platform project in Bengbu, Anhui Province, utilizing AI, big data, and cloud computing technologies[25] - The company secured a project for the grid-based service management integration platform in Yanqing District, aimed at supporting the Winter Olympics[26] - The company plans to enhance social governance capabilities through a series of products implemented in over 100 cities and counties nationwide[27] - The company is focusing on developing a "City Data Brain" platform to improve urban management and emergency response capabilities[30] - The company has invested 29.27 million yuan, achieving 77.40% of the planned investment for the new generation "grid-based" smart city project[40] - The company invested ¥700,500,000.00 in cash payments for investments, a significant increase compared to the previous period's investment of ¥899,850.00[98] Research and Development - The company reported a significant increase in research and development expenses to CNY 20,148,119.59 from CNY 17,382,599.94, indicating a commitment to innovation[74] - The research and development expenses for the current period are CNY 14,170,788.08, up from CNY 11,665,513.69 in the previous period, indicating a growth of about 21%[81] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,096[12] - The largest shareholder, Wu Qianghua, holds 25.01% of the shares, totaling 120,410,814 shares[12] - The net assets attributable to shareholders increased by 1.59% to CNY 3,152,661,947.54 from CNY 3,103,335,938.92 at the end of the previous year[8] - The total equity attributable to shareholders increased to ¥3,152,661,947.54 from ¥3,103,335,938.92, indicating a growth in shareholder value[64] Risks and Challenges - The company faces risks related to reliance on government procurement, as most revenue comes from government contracts, which may be affected by fiscal tightening[35] - Increased market competition poses a risk, as the company must maintain technological leadership and enhance marketing capabilities to avoid losing market share[35] - The company has established a knowledge management system and implemented stock incentive plans to retain core technical personnel, crucial for innovation and development[35]