飞天诚信(300386) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥130,599,275.73, representing an increase of 11.25% compared to ¥117,394,865.24 in the same period last year[7]. - The net profit attributable to shareholders was a loss of ¥11,082,393.77, a significant decrease of 3,418.02% from a profit of ¥334,006.64 in the previous year[7]. - The net cash flow from operating activities was a negative ¥109,018,080.43, worsening by 44.96% compared to a negative ¥75,205,674.24 in the same period last year[7]. - Operating revenue for the reporting period was ¥130,599,300, an increase of 11.25% year-over-year[28]. - Total profit for the reporting period was -¥12,771,300, a decrease of 2221.57% year-over-year[28]. - The net profit for Q1 2021 was a loss of ¥11,388,585.24, compared to a profit of ¥539,675.48 in the same period last year, marking a significant decline[50]. - Net profit for the current period was a loss of ¥10,294,071.37, compared to a loss of ¥4,333,906.54 in the previous period, indicating a worsening of approximately 137%[54]. - Total comprehensive income for the current period was a loss of ¥10,294,071.37, compared to a loss of ¥4,489,122.26 in the previous period, reflecting a significant increase in losses[55]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,070,354,431.32, an increase of 1.06% from ¥2,048,682,223.97 at the end of the previous year[7]. - Total liabilities rose to ¥174,651,705.15 from ¥141,297,625.62 at the end of 2020[42]. - The total assets as of January 1, 2021, were adjusted to 2,072,521,092.60 CNY, an increase of 23,838,868.63 CNY due to the new leasing standards[65]. - The total liabilities increased from 141,297,625.62 CNY to 165,136,494.25 CNY, primarily due to the recognition of lease liabilities[66]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 50,509[11]. - The top shareholder, Huang Yu, holds 30.31% of the shares, totaling 126,700,046 shares[11]. - The company did not engage in any repurchase transactions among the top shareholders during the reporting period[12]. Cash Flow and Investments - Cash and cash equivalents as of March 31, 2021, decreased by 54.25% to ¥354,097,809.35, primarily due to the purchase of financial products[18]. - The company received cash from investment recoveries amounting to ¥370,000,000.00, down from ¥698,979,000.00 in the previous period, indicating a decrease of approximately 47%[58]. - The company’s investment cash outflow totaled 687,395,412.75 CNY in Q1 2021, compared to 562,307,031.94 CNY in Q1 2020, indicating increased investment activity[62]. Expenses - Sales expenses for Q1 2021 were ¥23,176,467.74, an increase of 36.33% compared to the same period last year[21]. - Management expenses for Q1 2021 were ¥29,322,814.32, an increase of 50.59% year-over-year[21]. - Research and development expenses for Q1 2021 were ¥25,950,216.02, compared to ¥24,491,796.35 in the previous period, showing an increase of about 6%[49]. - The company reported a significant increase in sales expenses to ¥18,423,604.37 from ¥13,820,161.41, an increase of approximately 33%[53]. Patents and Innovations - The company obtained 45 domestic patents during the reporting period, including 40 invention patents[28]. Cash Management - Cash and cash equivalents decreased to ¥354,097,809.35 from ¥773,993,305.64 at the end of 2020[40]. - Cash flow from operating activities showed a net outflow of ¥109,018,080.43, compared to a net outflow of ¥75,205,674.24 in the previous period, representing an increase in cash burn of approximately 45%[58]. - The total cash and cash equivalents at the end of Q1 2021 were 138,574,951.18 CNY, down from 392,487,778.94 CNY at the end of Q1 2020, reflecting a decrease of approximately 64.7%[62]. Audit and Compliance - The company did not conduct an audit for the Q1 2021 report, which may affect the reliability of the financial data presented[70]. - There were no violations regarding external guarantees during the reporting period[34].