ST路通(300555) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥38,089,296.02, representing a 164.11% increase compared to ¥14,421,772.74 in the same period last year[8] - The net profit attributable to shareholders was ¥2,188,119.69, a significant turnaround from a loss of ¥6,323,523.76 in the previous year, marking a 134.60% improvement[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,036,433.93, compared to a loss of ¥7,475,369.09 last year, reflecting a 113.86% increase[8] - The basic earnings per share increased to ¥0.0109 from a loss of ¥0.0316, showing a 134.49% improvement[8] - The company achieved operating revenue of CNY 38,089,296.02 in Q1 2021, a 164.11% increase compared to CNY 14,421,772.74 in Q1 2020, primarily due to a low revenue base from the previous year affected by COVID-19[16] - The net profit attributable to the parent company reached CNY 218,810.00, up 134.60% from CNY 67,650.84 in the same period last year, reflecting significant recovery in performance[18] - The company's gross profit margin improved to 21.38%, an increase of 4.22 percentage points year-on-year, as the previous year's low margin was distorted by the pandemic[22] - The net profit for Q1 2021 was ¥1,836,455.57, a turnaround from a net loss of ¥6,880,077.35 in Q1 2020, marking a substantial improvement[44] - The total comprehensive income attributable to the parent company was ¥2,188,119.69, compared to a loss of ¥6,323,523.76 in the previous year[48] Cash Flow and Assets - The net cash flow from operating activities was negative at -¥1,098,759.42, a decline of 105.47% compared to ¥20,079,469.01 in the same period last year[8] - Cash flow from operating activities was negative at CNY -1,098,759.42, a decline of 105.47% compared to CNY 20,079,469.01 in Q1 2020, mainly due to reduced cash receipts from sales[17] - The total assets at the end of the reporting period were ¥765,927,884.94, down 5.32% from ¥808,985,806.41 at the end of the previous year[8] - The total assets as of March 31, 2021, amounted to ¥763,981,820.31, down from ¥805,253,183.06 at the end of 2020[39] - The company's cash and cash equivalents decreased by 54.24% to CNY 33,829,332.02, mainly due to investments in financial products and operational payments[16] - Cash and cash equivalents decreased to ¥31,401,646.52 from ¥69,654,214.91, a decline of about 54.8%[39] - The net cash flow from operating activities decreased significantly to ¥614,263.14 from ¥22,126,553.66, representing a decline of approximately 97.2%[23] - Total cash inflow from operating activities was ¥59,770,794.87, down from ¥84,877,780.16, a decrease of approximately 29.6%[23] - Total cash outflow from operating activities was ¥59,156,531.73, compared to ¥62,751,226.50, indicating a decrease of about 5.1%[23] Liabilities and Equity - The total liabilities decreased to 117.68 million yuan from 162.58 million yuan, indicating improved financial stability[36] - The total liabilities decreased to ¥115,239,979.55 from ¥159,203,740.51, reflecting a reduction of approximately 27.6%[40] - The equity attributable to shareholders of the parent company increased to ¥648,741,840.76 from ¥646,049,442.55, showing a slight growth[40] - The company has successfully reduced short-term borrowings to 35.12 million yuan from 46.18 million yuan, indicating improved liquidity management[36] Government Subsidies and Tax Benefits - The company reported government subsidies amounting to ¥421,080.24 during the reporting period[9] - The proportion of tax benefits and government subsidies to net profit is significant, indicating potential risks if these benefits are altered or lost[24] - The company is highly focused on the re-certification of its high-tech enterprise status, which is crucial for continuing to enjoy tax benefits and government subsidies[24] - The company has no significant reliance on tax benefits and government subsidies, which mitigates potential risks associated with changes in these areas[25] Operational Strategies and Market Presence - The company plans to enhance project management and cost control to mitigate risks associated with declining gross margins and increased competition[22] - The company is actively expanding its market presence by offering integrated solutions for operators, including smart community and emergency broadcasting systems[21] - The company has implemented a strict accounts receivable collection system, linking responsibilities to specific personnel and performance evaluations, resulting in effective collection measures[23] Investment and Research - The company reported a significant increase in other income, which rose by 201.53% to CNY 833,081.77, attributed to higher software tax refunds[16] - The company’s financial expenses decreased by 67.57% to CNY 278,440.90, primarily due to reduced discounting fees from notes payable[16] - The company’s research and development expenses for Q1 2021 were ¥2,981,410.48, slightly down from ¥3,255,067.91 in Q1 2020[43] - Research and development expenses for the quarter were ¥2,388,182.67, slightly down from ¥2,397,595.63 in the previous year[47] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,895[12] - The company is currently in negotiations for a potential control transfer, which may enhance its profitability through synergies with the new partner[26]