运达科技(300440) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥74,652,423.48, representing a 13.76% increase compared to ¥65,623,085.31 in the same period last year[8]. - The net profit attributable to shareholders for Q1 2021 was ¥3,147,780.89, up 16.47% from ¥2,702,642.13 in the previous year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 64.70% to ¥684,574.61 from ¥1,939,564.64 year-on-year[8]. - The company's total revenue for the reporting period was 74.65 million, representing a year-on-year increase of 13.76%[24]. - The net profit attributable to shareholders was 3.15 million, reflecting a year-on-year growth of 16.47%[24]. - The company's operating profit for Q1 2021 was CNY 1,316,799.08, an increase from CNY 866,417.33 in the previous period, representing a growth of approximately 52%[51]. - The net profit for Q1 2021 reached CNY 756,944.90, significantly higher than CNY 65,079.64 in the same period last year, indicating a substantial increase[51]. - The total comprehensive income attributable to the parent company was CNY 3,147,780.89, compared to CNY 2,702,642.13 in the previous period, marking an increase of about 16.5%[52]. Cash Flow and Assets - The net cash flow from operating activities was negative at -¥105,441,221.82, a decline of 303.10% compared to ¥51,914,858.35 in the same period last year[8]. - The company's cash paid for other operating activities increased by 274.88% to 83.86 million, mainly due to higher guarantee deposits[23]. - The company's cash and cash equivalents increased to RMB 230,248,103.28 as of March 31, 2021, compared to RMB 223,125,580.97 at the end of 2020[41]. - The company's accounts receivable slightly decreased to RMB 628,549,349.42 as of March 31, 2021, from RMB 630,548,794.24 at the end of 2020[41]. - The ending balance of cash and cash equivalents was 173,052,912.33 CNY, down from 122,493,257.05 CNY year-over-year[59]. - The company reported a total cash inflow from operating activities of 159,379,956.65 CNY, compared to 268,074,250.12 CNY in the previous period[58]. Shareholder and Stock Incentive Plans - The company reported a total of 17,950 common shareholders at the end of the reporting period[12]. - The company completed the first phase of the 2019 restricted stock incentive plan, with 1,576,000 shares released from restrictions on March 26, 2021[18]. - A total of 74 individuals qualified for the release of restricted stock, amounting to 1,476,000 shares[18]. - The company repurchased and canceled 100,000 shares of restricted stock from two departing incentive recipients[18]. - The total number of restricted shares as of the report is 8,014,373, with 2,635,588 shares released and 60,000 shares added[19]. - The company has a total of 5,438,785 shares remaining under restriction[19]. - The company has implemented a 75% lock-up period for shares held by directors and senior management during their tenure[16]. Research and Development - Research and development expenses for Q1 2021 were CNY 17,921,455.80, compared to CNY 16,606,077.59 in the previous period, indicating a focus on innovation[50]. - The company emphasizes the importance of long-term R&D experience and has committed to a strategy of independent innovation and significant investment in technology development[27]. - The company has established a comprehensive technology transformation platform in the field of rail transit safety, aiming to maintain its technological advantage in the industry[27]. Market and Operational Insights - The company plans to leverage emerging technologies such as cloud computing and AI to enhance its product offerings in the rail transit sector[24]. - The company plans to continue expanding in the railway and urban rail transit markets, which are expected to maintain rapid growth, providing significant development space[29]. - The company's sales revenue from the railway and urban rail transit markets accounted for 99.72%, 99.73%, and 99.09% of total sales revenue in 2019, 2020, and Q1 2021 respectively, indicating a high market concentration risk[29]. Financial Liabilities and Impairments - The company experienced a significant credit impairment loss of CNY 6,917,891.04, compared to CNY 179,599.66 in the previous period, indicating a substantial increase in credit risk[54]. - The company reported a 665.70% increase in credit impairment losses, amounting to 7.48 million, due to the recovery of long-aged receivables[22]. - Total liabilities decreased to CNY 555,840,853.53 from CNY 629,583,992.00 in the previous period[47].