Financial Performance - The company's operating revenue for Q1 2021 was ¥84,604,912.68, a decrease of 27.02% compared to ¥115,931,483.76 in the same period last year[8]. - The net profit attributable to shareholders was ¥6,180,317.04, down 51.54% from ¥12,752,148.78 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥3,679,622.33, a decline of 60.82% compared to ¥9,392,755.81 in the previous year[8]. - Operating profit was 5.50 million yuan, down 45.92% from 10.16 million yuan year-on-year, with total profit decreasing by 46.26% to 5.55 million yuan[18]. - The total operating revenue for the first quarter was CNY 81,284,429.94, compared to CNY 100,243,640.59 in the previous period, indicating a decrease of approximately 18.9%[43]. - The net profit for the first quarter was CNY 5,813,849.42, a decrease of 54.3% from CNY 12,714,326.94 in the same period last year[40]. - The total profit for the first quarter was CNY 5,554,663.47, down from CNY 10,335,239.45, reflecting a decrease of approximately 46.3%[40]. - The total comprehensive income for the first quarter was CNY 5,813,849.42, compared to CNY 12,714,326.94 in the same period last year, a decrease of approximately 54.3%[41]. Cash Flow - The net cash flow from operating activities increased significantly by 997.57% to ¥36,816,230.81 from ¥3,354,325.82 in the same period last year[8]. - The net cash flow from operating activities was ¥36,816,230.81, significantly up from ¥3,354,325.82 in the previous period, marking an increase of over 1000%[48]. - Cash outflow for purchasing goods and services was ¥72,322,284.85, compared to ¥33,580,165.93 in the previous period, reflecting a 115% increase[48]. - Cash inflow from financing activities was ¥12,023,866.67, up from ¥2,500,000.00 in the previous period, representing a 380.96% increase[49]. - The ending balance of cash and cash equivalents was ¥52,445,628.06, compared to ¥12,993,704.04 in the previous period, showing a significant increase[49]. - Total cash outflow for operating activities was ¥144,282,516.88, compared to ¥113,800,604.12 in the previous period, reflecting a 26.8% increase[48]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,767,508,545.37, a decrease of 1.36% from ¥1,791,801,450.96 at the end of the previous year[8]. - Total liabilities decreased to CNY 755,403,724.39 from CNY 785,548,762.50[33]. - Current liabilities totaled CNY 684,263,782.95, down from CNY 711,462,635.82[33]. - Non-current liabilities decreased to CNY 71,139,941.44 from CNY 74,086,126.68[33]. - Owner's equity increased to CNY 1,012,104,820.98 from CNY 1,006,252,688.46[34]. - Cash and cash equivalents were CNY 126,445,187.12, slightly down from CNY 127,004,929.09[34]. - Inventory decreased to CNY 280,963,325.92 from CNY 307,280,179.39[34]. Expenses - The company's research and development expenses decreased by 26.37% compared to the previous year, indicating a slowdown in new product development[16]. - The financial expenses totaled CNY 5,346,803.56, compared to CNY 6,594,529.64, indicating a reduction of about 18.9%[40]. - Research and development expenses were CNY 2,038,079.13, down from CNY 2,768,096.95, representing a decrease of approximately 26.5%[40]. - The company recorded other income of CNY 756,838.33, significantly lower than CNY 5,007,835.26 in the previous period, indicating a decline of about 84.9%[40]. Market and Competition - The company faces risks from industry competition as the market for maintenance equipment grows, potentially increasing competition[19]. - The company is implementing measures to enhance core competitiveness and reduce operational risks, including optimizing management systems and improving employee retention strategies[20]. - Accounts receivable as a percentage of total assets continued to increase, indicating potential risks related to cash flow and bad debts[22].
森远股份(300210) - 2021 Q1 - 季度财报