荣科科技(300290) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥141,983,062.98, representing a 46.42% increase compared to ¥96,971,018.34 in the same period last year[8] - Net profit attributable to shareholders was ¥2,387,374.05, a significant turnaround from a loss of ¥14,813,929.04 in the previous year, marking a 116.12% improvement[8] - The net profit after deducting non-recurring gains and losses was ¥1,736,732.61, compared to a loss of ¥15,380,780.62 last year, reflecting an increase of 111.29%[8] - Basic earnings per share improved to ¥0.0040 from a loss of ¥0.0264, indicating a 115.15% increase[8] - Operating profit for Q1 2021 was CNY 5,222,823.84, a significant recovery from a loss of CNY 14,790,014.87 in Q1 2020[49] - Net profit for Q1 2021 was CNY 4,403,859.62, compared to a net loss of CNY 14,115,406.58 in Q1 2020, marking a turnaround[49] - The total comprehensive income for the period was ¥4,403,859.62, compared to a loss of ¥13,946,784.87 in the previous year[50] Cash Flow - The net cash flow from operating activities was -¥150,097,216.16, a decline of 6.88% compared to -¥140,432,508.14 in the same period last year[8] - Cash flow from operating activities increased by 62.36% year-on-year, driven by higher cash receipts from sales of goods and services[20] - Cash flow from investment activities rose by 74.58% year-on-year, primarily due to increased cash receipts from investment recoveries[20] - Cash flow from financing activities surged by 319.47% year-on-year, mainly due to increased cash from borrowings[20] - The company generated cash inflows from operating activities totaling ¥159,926,988.40, compared to ¥98,501,552.24 in the previous period[54] - The company's cash and cash equivalents decreased to CNY 200,392,460.36 from CNY 383,850,263.97 at the end of 2020, representing a decline of approximately 47.8%[39] - The ending balance of cash and cash equivalents rose to $85,536,506.49 from $32,526,333.82, marking a significant increase of approximately 162.5%[59] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,931,927,715.88, a decrease of 2.57% from ¥1,982,963,071.10 at the end of the previous year[8] - The total liabilities decreased to CNY 516,421,859.39 from CNY 572,277,727.23, a decline of about 9.8%[41] - Total current assets decreased to CNY 479,263,387.03 as of March 31, 2021, from CNY 542,979,632.45 at the end of 2020, a decline of approximately 11.7%[43] - Current liabilities decreased to CNY 460,834,989.72 from CNY 516,620,333.46, reflecting a reduction of about 10.8%[41] - The company's long-term equity investments increased to CNY 2,694,419.11 from CNY 195,893.26, marking a substantial rise of approximately 1,276.5%[40] Shareholder Information - The company reported a total of 15,576 common shareholders at the end of the reporting period[12] - The largest shareholder, Liaoning Guoke Industrial Co., Ltd., held 22.85% of the shares, amounting to 136,529,042 shares, with 90,000,000 shares pledged[12] Acquisitions and Investments - The company completed acquisitions of 100% equity in MiJian Information and ShenZhou Vision, and 70% equity in JinChuang, which will enhance its asset scale and business scope[25] - The company has allocated CNY 28,000 million for the acquisition of ShenZhou Vision, with 100% of the funds utilized[30] - The total amount of raised funds is CNY 56,610 million, with CNY 16.37 million invested in the current quarter[30] - The cumulative amount of raised funds utilized is CNY 54,244.26 million, achieving a utilization rate of 100% for certain projects[30] Risks and Challenges - The company faces risks related to accounts receivable increase, which has grown alongside sales scale, necessitating enhanced management and collection efforts[24] - The company is actively managing the risk of goodwill impairment from acquisitions, ensuring stable operations of subsidiaries with significant goodwill[24] - The company emphasizes the importance of talent retention and enhancement of compensation and benefits to mitigate human resource risks[24] - The company is integrating its acquisitions to improve operational efficiency and achieve synergy effects, although there are risks if the integration does not meet expectations[25] Research and Development - Research and development expenses for Q1 2021 were CNY 12,658,512.52, up from CNY 7,637,843.23 in Q1 2020, indicating an increase of approximately 66.5%[49] - Research and development expenses increased to ¥2,791,541.58, up from ¥1,464,601.16, reflecting a focus on innovation[51] Regulatory and Compliance - The company has received approval from the China Securities Regulatory Commission for a specific stock issuance, currently processing the registration and listing of new shares[26] - The first quarter report was not audited, which may affect the reliability of the financial data presented[60]