CORPRO(SZ:300101)2021-04-09 16:00Financial Performance - The company's revenue for Q1 2021 was ¥170,140,046.96, representing a 152.05% increase compared to ¥67,501,483.00 in the same period last year[10]. - Net profit attributable to shareholders reached ¥37,661,490.38, a significant increase of 717.81% from ¥4,605,152.08 in the previous year[10]. - The net profit after deducting non-recurring gains and losses was ¥34,144,839.28, up 1137.98% from ¥2,758,114.03 year-on-year[10]. - The basic earnings per share increased to ¥0.0676, reflecting a growth of 724.39% compared to ¥0.0082 in the same period last year[10]. - The weighted average return on equity rose to 3.65%, an increase of 3.16 percentage points from 0.49% in the previous year[10]. - The company achieved total operating revenue of CNY 170,140,046.96, a year-on-year increase of 152.05% due to significant growth in industry demand and rapid growth across all main business segments[33]. - Operating costs rose to CNY 70,508,117.25, reflecting an increase of 111.42% primarily driven by the increase in operating revenue[33]. - The company reported a net profit attributable to shareholders of CNY 3,766,150.00, representing a year-on-year growth of 717.81%[42]. - The total comprehensive income for the current period was ¥41,209,157.18, compared to ¥2,978,581.82 in the previous period, showing a growth of approximately 1,280%[100]. - The company's total profit for the current period was ¥48,224,970.67, compared to ¥4,346,165.05 in the previous period, indicating an increase of approximately 1,010%[100]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,993,770,911.32, a 2.41% increase from ¥1,946,919,536.65 at the end of the previous year[10]. - The company's total assets amounted to CNY 1,946,919,536.65, a decrease of CNY 11,949,241.34 compared to the previous period[129]. - The company's long-term assets totaled CNY 545,236,286.75, a slight increase from CNY 543,435,069.69, reflecting a growth of approximately 0.3%[75]. - The total liabilities of the company were CNY 755,739,385.06, up from CNY 750,097,167.57, indicating an increase of about 0.9%[78]. - The total liabilities increased to CNY 453,187,017.80 from CNY 447,713,341.94, indicating a slight rise in financial obligations[88]. - Total liabilities amounted to 447,713,341.94, with current liabilities at 315,395,677.49[137]. - Non-current liabilities totaled 132,317,664.45, including estimated liabilities of 350,000.00 and deferred income of 125,112,598.48[137]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 60,342[14]. - The top 10 unrestricted shareholders include Chengdu Guoteng Electronics Group Co., Ltd. holding 165,860,000 shares, accounting for 56.3% of total unrestricted shares[18]. - The total number of unrestricted shares held by the top 10 shareholders is 139,860,000 shares, with significant contributions from various investment funds[18]. - The company has not conducted any repurchase agreements during the reporting period, indicating stable shareholder structure[21]. - The company reported a total of 3,668,204 shares under lock-up agreements, with a release schedule based on performance conditions over 36 months[30]. - The company’s management has a lock-up policy where 25% of their shares are released annually, ensuring alignment with long-term performance[30]. - The report indicates that there were no changes in the number of preferred shareholders or their holdings, reflecting stability in this area[22]. - The company has a structured plan for unlocking restricted shares based on specific performance milestones, enhancing shareholder confidence[30]. - The overall shareholder composition suggests a diversified investment base, which may contribute to the company's stability and growth potential[18]. Cash Flow and Investments - The net cash flow from operating activities was negative at -¥63,349,203.01, a decline of 103.88% compared to -¥31,071,744.50 in the same period last year[10]. - The company’s cash flow from operating activities included CNY 4,099,901.27 received from government subsidies, a 152.42% increase from the previous year[37]. - The company invested CNY 40,000,000.00 in financial products during the reporting period, marking a 100.00% increase compared to the previous year[37]. - Cash flow from operating activities amounted to ¥143,594,925.17, an increase from ¥115,566,319.46 in the previous period, representing a growth of about 24.2%[108]. - Cash outflow from operating activities increased to ¥211.04 million, compared to ¥148.26 million in the previous period[112]. - Cash inflow from financing activities was ¥50 million, up from ¥20 million year-over-year[114]. - Net cash flow from financing activities improved to ¥28.28 million, compared to a negative flow of -¥1.55 million last year[114]. Research and Development - Research and development expenses increased to CNY 16,447,656.52, up 82.14% compared to the previous year, due to higher personnel costs and outsourcing expenses[33]. - The company's research and development expenses increased to ¥6,224,365.05 from ¥2,234,068.17, marking a rise of about 179.5%[101]. - The company faces product development risks due to the complexity and high reliability requirements of integrated circuits and satellite navigation products, which may lead to high R&D costs and long development cycles[46]. - The company emphasizes talent retention and recruitment as a top priority to mitigate risks associated with talent shortages in the high-tech industry[49]. Compliance and Governance - The company is focused on maintaining a strong governance structure with clear guidelines for shareholding and performance incentives[30]. - The report indicates that the company is in compliance with the new accounting standards as of the reporting date[140]. - The company has not audited its first-quarter report for 2021, which may affect the reliability of the financial data presented[141]. - The new leasing standards issued by the Ministry of Finance in 2018 will impact financial reporting starting from January 1, 2019, for certain companies[137]. - The company has not made retrospective adjustments for prior comparative data under the new leasing standards[140]. Market and Strategic Outlook - The company discussed its business development expectations during the "14th Five-Year Plan" period in investor communications[63]. - The company highlighted the market potential of the Beidou III system during discussions with institutional investors[66]. - Ongoing litigation involving the controlling shareholder may create uncertainties for the company's future strategic and financial decisions[50].