Boss Soft(SZ:300525)2021-04-22 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥133,788,537.03, representing an increase of 85.71% compared to ¥72,041,453.94 in the same period last year[8]. - The net profit attributable to shareholders was -¥37,244,748.07, an improvement of 19.16% from -¥46,074,736.35 year-on-year[8]. - The basic earnings per share for the period was -¥0.1324, which is a 22.25% improvement from -¥0.1703 in the same quarter last year[8]. - The net loss for the current period was ¥61,995,664.86, compared to a net loss of ¥57,603,417.47 in the previous period, reflecting a deterioration in performance[89]. - The total revenue for the current period was 146,722,189.08 CNY, compared to 50,579,813.40 CNY in the previous period, representing an increase of approximately 189.5%[100]. - The net profit for the current period was 106,227,914.31 CNY, while the previous period recorded a net loss of 20,131,231.77 CNY, indicating a significant turnaround[99]. Cash Flow and Investments - The net cash flow from operating activities was -¥214,315,366.84, showing a slight improvement of 1.88% compared to -¥218,429,493.86 in the previous year[8]. - The cash flow from investing activities resulted in a net outflow of -249,171,672.96 CNY, compared to a net inflow of 44,179,071.00 CNY in the previous period[103]. - The cash flow from financing activities generated a net inflow of 50,035,809.00 CNY, compared to 49,376,560.73 CNY in the previous period[106]. - The company received 52,148,641.82 CNY from new investments during the current period, an increase from 16,613,984.50 CNY in the previous period[106]. - The company reported a significant increase in cash inflow from sales and services, totaling 168,861,478.09 CNY, up from 78,376,335.69 CNY in the previous period[100]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,032,695,699.22, a decrease of 5.06% from ¥2,140,932,920.99 at the end of the previous year[8]. - The company's equity attributable to shareholders decreased from ¥1,382,941,083.10 to ¥1,364,011,209.08, a decrease of approximately 1.3%[74]. - Total liabilities decreased from ¥615,095,928.99 to ¥519,451,848.29, a decline of about 15.5%[71]. - The total current assets as of March 31, 2021, are approximately 1.34 billion yuan, down from approximately 1.50 billion yuan as of December 31, 2020[65]. - The total liabilities rose from 615,095,928.99 CNY to 660,426,698.36 CNY, with a significant increase in lease liabilities[114]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 16,864[12]. - The largest shareholder, Chen Hang, holds 17.78% of the shares, amounting to 50,177,739 shares[12]. Research and Development - The company’s research and development expenses rose by 43.65% to 48.43 million yuan, reflecting an increase in R&D personnel[22]. - The company is committed to strengthening its technology development and product upgrade capabilities to meet the evolving demands of the electronic government sector[32]. - The company reported a significant seasonal sales pattern, with most revenue concentrated in the second half of the year, particularly in Q4[36]. Market and Competition - The company faces increasing market competition as the electronic fiscal ticket management software market matures, which may lead to price declines and challenges in maintaining market share[29]. - The company emphasizes the importance of policy risk management, as changes in government support for the software industry could impact its operational performance[31]. Strategic Initiatives - The company plans to leverage capital market advantages for business expansion through internal innovation and strategic acquisitions[35]. - The company signed a cooperation framework agreement with Tencent Cloud on January 5, 2021, to enhance long-term collaboration[39]. - The company approved the use of up to 30 million yuan of idle funds for cash management on January 5, 2021, to improve fund efficiency[39].