FOET(300173)2021-04-26 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥356,379,050.35, representing a significant increase of 19,094.50% compared to the same period last year[8]. - The net profit attributable to shareholders was ¥12,029,008.81, a turnaround from a loss of ¥26,035,238.96 in the previous year, marking an increase of 146.20%[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥10,870,971.81, up 142.03% from a loss of ¥25,861,845.58 in the same period last year[8]. - The basic earnings per share increased to ¥0.0164 from a loss of ¥0.0354, reflecting a growth of 146.33%[8]. - The net profit for the reporting period was CNY 14,975,465.79, representing a year-on-year increase of 157.52%, driven by the merger with Dongguan Chaoye's financial data and recovery from pandemic-related delays[22]. - The total comprehensive income for Q1 2021 was ¥14,975,465.79, a recovery from a comprehensive loss of ¥26,035,238.96 in the same quarter last year[50]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,048,673,850.62, an increase of 12.42% compared to the end of the previous year[8]. - The net assets attributable to shareholders decreased by 2.04% to ¥1,526,305,351.77 from ¥1,558,035,678.42 at the end of the previous year[8]. - Total liabilities rose to CNY 2,457,331,104.65 from CNY 1,981,177,914.73, an increase of about 24.1%[41]. - The company's total equity decreased to CNY 1,591,342,745.97 from CNY 1,620,126,615.67, reflecting a decline of approximately 1.8%[42]. Cash Flow - The net cash flow from operating activities was negative at -¥132,176,440.11, a decline of 1,599.15% compared to -¥7,778,989.66 in the same period last year[8]. - Cash received from sales and services during the reporting period was CNY 323,404,735.13, an increase of 1,952.14% year-on-year, largely due to the merger with Dongguan Chaoye's financial data[23]. - Cash inflow from financing activities amounted to 346,500,000.00 CNY, with cash outflow totaling 141,948,989.15 CNY, leading to a net cash flow from financing activities of 204,551,010.85 CNY[57]. Investments and Expenses - Research and development expenses for the reporting period were CNY 17,128,130.19, an increase of 659.92% year-on-year, mainly due to the merger with Dongguan Chaoye's financial data[21]. - Cash paid for investment increased by 2184.13% to ¥68,524,000.00, primarily due to the acquisition of equity in Funi Data[24]. - Investment losses amounted to ¥1,292,993.58, indicating challenges in investment performance compared to losses of ¥3,597,708.00 in the previous year[48]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 20,353[12]. - The largest shareholder, Foshan Public Utilities Holdings Limited, held 20.96% of the shares, amounting to 154,029,247 shares[12]. Business Strategy and Outlook - The company continues to expand its business through both organic growth and acquisitions, leveraging the advantages of state-owned enterprises[26]. - The company plans to enhance equipment quality, expand production capacity, and increase market share to mitigate risks from macroeconomic fluctuations[29]. - The company is focused on continuous improvement in management and operational efficiency to address the complexities arising from rapid business expansion[30].