安车检测(300572) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for Q1 2021 was CNY 106,901,857.10, an increase of 0.73% compared to CNY 106,123,652.84 in the same period last year[7] - Net profit attributable to shareholders was CNY 15,425,211.86, reflecting a slight increase of 0.42% from CNY 15,360,664.91 year-on-year[7] - Net profit excluding non-recurring gains and losses reached CNY 11,364,994.50, up 10.14% from CNY 10,318,322.69 in the previous year[7] - Operating profit reached CNY 20,760,815.68, reflecting a growth of 26.75% year-on-year[26] - The total revenue from sales of goods and services received was CNY 117,417,474.84, compared to CNY 76,187,716.71 in the previous year, marking an increase of 54%[75] - The net profit for Q1 2021 reached CNY 16,909,331.26, compared to CNY 14,025,636.27 in the same period last year, reflecting a growth of approximately 20.5%[68] - The total comprehensive income for Q1 2021 was CNY 12,437,965.15, down from CNY 18,220,660.96 in Q1 2020, reflecting a decrease of 31.6%[73] Cash Flow and Assets - The net cash flow from operating activities improved significantly to -CNY 53,392,763.24, a 71.28% increase compared to -CNY 185,879,563.35 in the same period last year[7] - Cash received from sales of goods and services increased by 54.12% to CNY 117,417,474.84, attributed to improved collection from sales[24] - The company reported cash and cash equivalents at the end of Q1 2021 amounting to CNY 530,881,290.09, up from CNY 218,018,483.28 at the end of Q1 2020[77] - The total cash and cash equivalents at the end of the period reached 458,818,980.51 CNY, compared to 216,773,417.77 CNY at the end of the previous year[80] - The total assets at the end of the reporting period were CNY 1,680,725,443.94, representing a 1.25% increase from CNY 1,659,988,235.23 at the end of the previous year[7] - The company's total assets amounted to CNY 1,602,306,795.26, a slight decrease from CNY 1,637,197,204.93 year-over-year[64] Shareholder Information - The basic and diluted earnings per share remained stable at CNY 0.08, unchanged from the previous year[7] - The total number of ordinary shareholders at the end of the reporting period was 16,129[11] - The profit distribution plan for 2020 includes a cash dividend of RMB 1.00 per 10 shares, totaling RMB 19,364,112.00, subject to shareholder approval[42] Research and Development - Research and development expenses amounted to CNY 6,933,493.40, a decrease of 33.84% compared to the same period last year[22] - The company maintained a strong focus on technology innovation, with R&D investments of CNY 6,933,493.40 during the reporting period[28] - The company holds 71 patents and 162 software copyrights, reflecting its commitment to independent research and development[28] Market Position and Risks - The company is positioned as a leading player in the vehicle inspection system market, but faces increasing competition from both domestic and international firms[37] - The implementation of new vehicle inspection regulations is expected to reduce inspection volumes by 10% to 20% in the short term[33] - The company faces risks from changes in macroeconomic conditions that could impact the demand for vehicle inspection services[32] Financial Management - The company has a robust policy for managing accounts receivable, with most accounts aged under one year, minimizing the risk of bad debts[38] - The company reported no non-operating fund occupation by controlling shareholders during the reporting period, indicating a clean financial management[52] - The company has not reported any violations regarding external guarantees during the reporting period, reflecting compliance with regulatory standards[52] Investment and Fund Utilization - The company approved the use of up to RMB 1.6 billion of temporarily idle funds to purchase short-term, high-security, and liquid financial products[43] - The maximum amount for idle raised funds allocated for financial products is RMB 1.1 billion, while idle self-owned funds are capped at RMB 500 million[44] - The company aims to raise up to RMB 1.1488 billion through a private placement of shares to establish a nationwide vehicle inspection service brand[45] - The vehicle inspection system capacity expansion project has a total investment of RMB 11,824.58 million, with 65.93% completion expected by June 30, 2021[49] Other Financial Metrics - The company's total liabilities decreased marginally to ¥603,932,185.47 from ¥601,389,146.65, indicating a stable financial position[60] - The total equity attributable to shareholders rose to ¥1,035,940,648.85 from ¥1,019,230,598.36, reflecting an increase of about 1.6%[61] - The company's inventory increased to ¥158,879,324.51 from ¥135,524,527.04, marking an increase of approximately 17%[58] - The accounts receivable slightly decreased to ¥238,727,198.79 from ¥241,701,911.71, showing a reduction of about 1%[58]