XDC(SZ:300615)2021-04-22 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥60,846,662.14, representing a 35.57% increase compared to ¥44,883,601.24 in the same period last year[8]. - Net profit attributable to shareholders decreased by 31.11% to ¥1,705,728.03 from ¥2,475,854.52 year-on-year[8]. - Basic and diluted earnings per share both fell by 30.53% to ¥0.0091 from ¥0.0131 in the same period last year[8]. - Net profit for Q1 2021 was ¥1,516,230.15, a decrease from ¥2,355,881.28 in the same period last year, reflecting a decline of approximately 35.5%[45]. - The company's net profit attributable to shareholders was CNY 1.71 million, a decrease of 31.11% compared to the same period last year, mainly due to a reduction in government subsidies[17]. Cash Flow and Liquidity - The net cash flow from operating activities dropped significantly by 79.47% to ¥2,042,284.11, down from ¥9,947,303.35 in the previous year[8]. - The company's cash and cash equivalents decreased to CNY 111,487,886.21 from CNY 134,088,374.92, reflecting a decline of approximately 16.8%[35]. - Cash flow from operating activities generated a net amount of 2,042,284.11, down from 9,947,303.35 in the previous period, a decrease of 79.5%[53]. - The total cash and cash equivalents at the end of the period is 110,410,939.86, down from 133,019,388.10 at the beginning of the period, a decrease of 17.0%[54]. Assets and Liabilities - Total assets at the end of the reporting period were ¥563,491,202.03, a slight increase of 0.57% from ¥560,277,024.21 at the end of the previous year[8]. - The company's total assets as of March 31, 2021, amounted to CNY 563,491,202.03, a slight increase from CNY 560,277,024.21 at the end of 2020[34]. - The total liabilities increased to ¥100,318,189.56 from ¥88,233,219.37, showing a rise of approximately 13.3%[41]. - The total liabilities rose from 80,254,809.62 CNY to 88,506,506.96 CNY, with non-current liabilities increasing by 8,251,697.34 CNY[61]. Shareholder Information - The total number of shareholders at the end of the reporting period was 14,501[12]. - The largest shareholder, Shi Weiping, holds 29.38% of the shares, amounting to 55,007,583 shares, with 41,255,687 shares pledged[12]. - The total equity attributable to shareholders was ¥452,683,000.20, slightly down from ¥455,209,048.04 at the end of 2020[41]. Operational Insights - The company plans to expand its production of RF components and strengthen its market position in the 5G sector[18]. - The top five customers accounted for 58.65% of total sales, increasing from 54.26% in the previous year, driven by growth in RF component sales[20]. - The company is focusing on cost control and efficiency improvements, including budget management and production quality enhancements[18]. Risks and Challenges - The company faces risks related to changes in customer demand and industry fluctuations, which could adversely impact its business performance[21][22]. - The company faces risks from rising raw material prices, particularly for copper, aluminum, and other metals, which could impact overall profitability[24]. - Labor costs are expected to rise due to a tight labor market, which may increase operational expenses for the company[25]. - The company is at risk of reduced business growth due to potential slowdowns in 5G infrastructure development amid the ongoing pandemic[27]. Investment and Expenses - The company's investment properties increased by 45.08% to CNY 17.97 million, primarily due to the transfer of fixed assets to investment properties[16]. - Research and development expenses for Q1 2021 were ¥3,621,060.26, compared to ¥3,374,550.20 in the previous period, indicating an increase in investment in innovation[44]. - The investment income decreased by 55.53% to CNY 272,003, primarily due to reduced returns from financial products[16].