新迅达(300518) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥92,587,836.42, representing a 126.84% increase compared to ¥40,815,799.30 in the same period last year[7]. - Net profit attributable to shareholders decreased by 47.21% to ¥29,145,462.32 from ¥55,210,513.59 year-on-year[7]. - The net profit after deducting non-recurring gains and losses surged by 1,895.99% to ¥27,149,247.08, compared to a loss of ¥1,511,661.51 in the previous year[7]. - Basic and diluted earnings per share fell by 50.85% to ¥0.29 from ¥0.59 year-on-year[7]. - The company achieved operating revenue of 92.59 million yuan in Q1 2021, a year-on-year increase of 126.84%, primarily driven by the rapid growth of its live e-commerce business[20]. - The company reported a net profit attributable to shareholders of the parent company, with basic earnings per share of 0.29 yuan, a decrease of 50.85% compared to the previous period[19]. - The company reported a net loss of CNY 6,139,867.55 in Q1 2021, contrasting with a net profit of CNY 44,927,150.58 in the same period last year[49]. - The total comprehensive income for Q1 2021 was CNY 51,377,701.13, down from CNY 56,725,802.22 year-over-year[45]. Cash Flow and Assets - Operating cash flow increased by 81.75% to ¥26,136,029.49 from ¥14,380,165.57 in the same period last year[7]. - The company's cash flow from operating activities increased by 81.75% to 26.14 million yuan, attributed to higher cash receipts from sales of goods and services[19]. - The company's cash and cash equivalents decreased to ¥425.61 million from ¥434.94 million, a decline of approximately 2.99%[34]. - Total current assets rose to ¥597.39 million from ¥563.77 million, an increase of about 5.95%[34]. - Total assets at the end of the reporting period were ¥1,376,158,534.74, a 2.00% increase from ¥1,349,225,891.99 at the end of the previous year[7]. - The company's cash inflow from operating activities was CNY 77,905,300.01, compared to CNY 41,392,598.96 in the previous year[51]. - The ending cash and cash equivalents balance was CNY 425,611,263.44, down from CNY 343,974,804.19 in Q1 2020, reflecting a decrease of 22.5%[53]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,686[11]. - The largest shareholder, Chen Yongrui, holds 40.71% of the shares, amounting to 41,423,152 shares, with some shares pledged and frozen[11]. - Net assets attributable to shareholders increased by 3.42% to ¥896,439,167.43 from ¥866,804,532.15 at the end of the previous year[7]. Liabilities and Equity - Total liabilities decreased to CNY 612,204,794.92 from CNY 664,852,916.11, indicating a reduction in financial obligations[40]. - The company's total liabilities to equity ratio improved to 0.585 from 0.631, indicating a stronger equity position relative to liabilities[40]. - The total equity attributable to shareholders increased to CNY 1,046,951,422.60 from CNY 1,053,091,290.15, showing a slight decline[40]. - The company’s retained earnings stood at CNY 380,169,838.13, indicating a solid profit retention strategy[60]. Operational Insights - Accounts receivable increased by 77.93% to 85.24 million yuan, mainly due to the rise in receivables from internet advertising agency services[18]. - The company’s inventory reached 1.88 million yuan, reflecting the new e-commerce direct sales business initiated by its subsidiary[18]. - The company’s management expenses rose by 76.33% to 7.52 million yuan, mainly due to increased consulting fees paid to intermediaries[18]. - The company’s investment income improved by 89.17%, reflecting better profitability from its associate company as the pandemic situation improved[18]. - The company’s top five customers contributed 20.05% of total sales revenue, indicating a shift towards live e-commerce and internet advertising clients[21]. Risks and Compliance - The company faces risks related to the lifecycle of gaming products, which may lead to rapid revenue decline if not managed properly[24]. - The company emphasizes the importance of retaining core personnel to maintain competitive advantages in the gaming industry[23]. - The company is actively seeking to expand its customer base while maintaining existing clients to mitigate competitive risks[23]. - The company is committed to complying with regulatory requirements in new markets to minimize policy-related risks[24]. - The company has implemented measures to enhance awareness of intellectual property rights among employees to mitigate infringement risks[25]. Research and Development - Research and development expenses for the quarter were CNY 4,749,344.35, compared to CNY 4,519,136.36 in the previous period, indicating continued investment in innovation[43]. - The company’s research and development expenses for Q1 2021 were CNY 2,159,021.95, slightly higher than CNY 2,132,848.59 in the previous year[47].