AIM(SZ:300446)2021-04-26 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥43,404,299.87, a decrease of 13.46% compared to ¥50,152,573.75 in the same period last year[8]. - The net profit attributable to shareholders was ¥207,311.59, representing a significant decline of 98.24% from ¥11,757,502.04 in the previous year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥15,240.89, a decrease of 100.17% compared to ¥9,106,696.50 in the same period last year[8]. - The net cash flow from operating activities was ¥1,889,964.79, down 88.20% from ¥16,015,420.84 in the previous year[8]. - Basic and diluted earnings per share were both ¥0.0010, a decrease of 98.28% from ¥0.0580 in the same period last year[8]. - The weighted average return on net assets was 0.03%, down from 1.52% in the previous year[8]. - The company reported a revenue of 43,404,299.87 CNY for the first quarter of 2021, a decrease of 13.46% compared to the same period last year[26]. - Net profit for the first quarter of 2021 was 1,185,555.96 CNY, representing a decline of 90.36% year-on-year[22]. - The total profit decreased by 87.74% to 1,785,814.84 CNY, attributed to a decline in thermal sensitive ticket revenue and gross profit[22]. - The company’s cash flow from operating activities decreased by 53.92% to 34,053,192.77 CNY, mainly due to reduced income and collections[25]. - The company’s investment income dropped by 93.42% to 152,342.81 CNY, primarily due to a decrease in financial product purchases[22]. - The company achieved a net profit of 1.1856 million, with a net profit attributable to the parent company of 0.2073 million, indicating a slight surplus[58]. Assets and Liabilities - Total assets at the end of the reporting period were ¥855,142,251.30, an increase of 2.03% from ¥838,115,035.59 at the end of the previous year[8]. - The net assets attributable to shareholders at the end of the reporting period were ¥643,214,019.68, a slight increase of 0.03% from ¥643,006,708.09 at the end of the previous year[8]. - The total liabilities of the company were CNY 180,027,675.08, compared to CNY 164,186,015.33 at the end of 2020, marking an increase of around 9.7%[72]. - The company's total equity reached CNY 675,114,576.22, up from CNY 673,929,020.26, showing a slight increase of about 0.2%[75]. - Accounts receivable increased to CNY 41,386,656.63 from CNY 28,059,051.16, indicating a significant rise of about 47.5%[68]. - Inventory decreased to CNY 55,221,482.60 from CNY 64,267,894.07, reflecting a decline of approximately 14.1%[68]. - The total liabilities to equity ratio increased to approximately 26.67% from 24.39%, indicating a rise in financial leverage[72]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,535, with the largest shareholder, China Lucky Group, holding 30.61% of the shares[12]. Government Support - The company received government subsidies amounting to ¥8,893.45 during the reporting period[8]. Market and Product Development - The company is focusing on accelerating the development and market expansion of new products in electronic functional materials and fine chemical materials[26]. - The company is actively expanding its electronic materials R&D and construction projects, including the Sichuan Meishan electronic materials R&D base[31][34]. - The company is committed to increasing R&D investment to enhance product quality and control costs while expanding its market presence[39]. - The company is developing new products such as electromagnetic wave protection films and pressure testing films, but faces risks of lower-than-expected sales and profit margins due to market competition[39]. - The company aims to enhance its competitive edge in electronic functional materials and fine chemical materials through increased R&D investment and market expansion efforts[36]. Risks and Challenges - The company faces delisting risk due to a negative audited revenue figure below 100 million yuan, which may trigger regulatory actions[34]. - The "thermal magnetic ticket production line" remains shut down, posing a risk of continued losses for the company[35]. - The company has been under risk warning since September 15, 2020, due to significant impacts on its operations and potential delisting risks[41]. - The cumulative net profit until the next reporting period may still face the possibility of loss compared to the previous year[58]. Cash Flow and Investment - Cash flow from operating activities generated ¥1,889,964.79, down from ¥16,015,420.84 in the previous period, a decrease of 88.2%[102]. - Total cash inflow from investment activities was ¥76,414,292.04, compared to ¥128,744,153.58 in the previous period, a decline of 40.7%[103]. - The ending balance of cash and cash equivalents is ¥62,052,117.29, an increase from ¥34,599,873.75 in the previous period[103]. - The company received $67,829.63 in tax refunds during the period, with no prior year data available[106]. - Total cash inflow from operating activities was $15,988,445.57, significantly lower than $59,461,813.27 in the previous period, marking a decline of about 73%[106].