*ST红相(300427) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥274,582,108.92, a decrease of 12.45% compared to ¥313,646,342.46 in the same period last year[7]. - The net profit attributable to shareholders was ¥28,763,822.15, down 64.46% from ¥80,942,699.43 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥25,678,394.66, a decline of 64.98% compared to ¥73,326,033.95 in the previous year[7]. - Basic earnings per share decreased by 64.63% to ¥0.0799 from ¥0.2259 in the previous year[7]. - Total revenue for the reporting period was ¥27,458.21 million, a decrease of ¥3,906.42 million or 12.45% compared to the same period last year, mainly due to a decline in contracts signed by the parent company[24]. - Net profit for the reporting period was ¥2,560.59 million, a decrease of ¥5,382.06 million or 67.76% compared to the same period last year[24]. Cash Flow and Assets - The net cash flow from operating activities increased by 237.40%, reaching ¥40,170,795.73, compared to a negative cash flow of ¥29,236,861.48 in the same period last year[7]. - As of the end of the reporting period, cash and cash equivalents decreased by ¥11,891.43 million, a decline of 23.84%, primarily due to repayment of due borrowings and interest, as well as the purchase of production and R&D equipment for subsidiary Xingbo Communication[17]. - Total assets at the end of the reporting period were ¥4,892,729,582.79, a slight decrease of 0.74% from ¥4,929,273,088.03 at the end of the previous year[7]. - Total current assets decreased from CNY 2,033,319,498.32 as of December 31, 2020, to CNY 1,947,441,825.75 as of March 31, 2021, a decline of approximately 4.23%[60]. - Cash and cash equivalents decreased from CNY 498,750,220.82 to CNY 379,835,906.88, representing a decrease of about 23.87%[60]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,544[10]. - The total number of restricted shares at the end of the period is 41,776,613, with 1,275,000 shares released during the current period[15]. - The company has a total of 42,718,445 restricted shares at the beginning of the period[15]. - The company has specific release conditions for executives, allowing for 25% of their holdings to be released at the beginning of each year[14]. - The total number of shares held by the largest individual shareholder is 5,490,158, with a similar release condition[14]. Research and Development - The company’s R&D expenses increased by ¥734.96 million, a rise of 66.83% compared to the previous year[24]. - The company is actively engaged in several important R&D projects, including the development of high-resolution temperature measurement devices and smart grid solutions[32]. - The company has successfully developed and delivered prototypes for military projects, enhancing its product line and market competitiveness[34]. - The company completed the design and processing of the S640I/S384I online thermal imaging camera, which is expected to increase revenue and profit growth[33]. Risk Management - The company is facing risks related to macroeconomic changes, product quality control, and accounts receivable collection, which could impact its operations[38][39][41]. - The company has implemented measures to mitigate risks associated with goodwill impairment following acquisitions made in 2017[42]. Governance and Compliance - The company held board meetings to elect new directors and optimize its governance structure in March 2021[43]. - The company completed the election of the board of directors and the supervisory board on March 22, 2021[45]. - The company has no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[46]. - The company has no violations regarding external guarantees during the reporting period[54]. Investment and Projects - The total amount of raised funds is CNY 81,171.55 million, with CNY 267.19 million invested in the current quarter[48]. - The company has a commitment to invest in various projects, with a total investment amount of CNY 6,193.59 million for equipment and production transformation projects[49]. - The company has achieved a project progress rate of 100% for the acquisition of 51% equity in Zhejiang Huanpu Electric Power Technology Co., Ltd.[49]. - The company has completed the construction of the high-voltage electrical equipment fault simulation laboratory project with a total investment of CNY 25 million, of which CNY 23.48 million was funded by raised funds[53].