超频三(300647) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥128,117,686.86, representing a 43.38% increase compared to ¥89,353,977.27 in the same period last year[8]. - The net profit attributable to shareholders was ¥2,324,959.78, up 40.24% from ¥1,657,859.06 year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,245,233.73, a significant turnaround from a loss of ¥5,345,436.08 in the previous year, marking a 123.30% improvement[8]. - The company achieved total operating revenue of CNY 128.12 million in Q1 2021, an increase of 43.38% compared to the same period last year[21]. - Net profit attributable to shareholders was CNY 2.33 million, up 40.24% year-on-year[26]. - The company reported a net profit for Q1 2021 of ¥2,724,648.78, a turnaround from a net loss of ¥55,033.00 in Q1 2020[61]. - The company reported a total comprehensive income of CNY 1,237,446.38, recovering from a total comprehensive loss of CNY 8,170,388.44 in the previous year[66]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥43,667,714.91, a drastic decline from ¥383,047.76 in the same period last year, indicating an 11,500.07% decrease[8]. - Cash and cash equivalents increased by 64.99% to CNY 151.46 million, primarily due to increased bank borrowings during the reporting period[19]. - The company's cash flow from financing activities increased significantly, with cash received from borrowings rising by 116.92% to CNY 180.04 million[24]. - Cash received from sales of goods and services was CNY 157.83 million, a 38.96% increase compared to the previous year[24]. - The company raised CNY 180,440,000.00 through financing activities, compared to CNY 84,070,000.00 in the same period last year[70]. - The company reported a decrease in cash outflow from financing activities, indicating a potential strategy shift in capital management[73]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,508,098,626.08, reflecting a 4.55% increase from ¥1,442,431,561.12 at the end of the previous year[8]. - The company's total assets amounted to approximately CNY 1.29 billion, with current assets at CNY 562.73 million and non-current assets at CNY 726.03 million[80]. - Total liabilities rose to ¥684,114,158.83, compared to ¥588,970,348.07 in the previous year, reflecting increased borrowing[57]. - Total current liabilities rose to CNY 739,786,159.46 from CNY 693,092,133.89, which is an increase of about 6.8%[52]. - The company's total equity as of March 31, 2021, was CNY 693,028,081.31, up from CNY 689,309,388.02, reflecting a slight increase of approximately 0.3%[53]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,247[11]. - The largest shareholder, Liu Yu, holds 19.81% of the shares, with a total of 70,697,682 shares, of which 27,655,000 are pledged[11]. Research and Development - Research and development expenses increased by 79.39% to CNY 10.81 million, indicating a significant investment in innovation[22]. - The company obtained 26 new patents and 9 software copyrights during the reporting period, enhancing its intellectual property portfolio[26]. Government Subsidies - The company received government subsidies amounting to ¥2,113,213.47 during the reporting period[9]. - Over 30% of the company's total profit for the period was derived from government subsidies, which poses a risk if these subsidies decrease in the future[33]. Strategic Initiatives - The company plans to enhance its service capabilities and market competitiveness by expanding into niche markets and improving quality control and cost management[29]. - The company has established a joint venture, "Yiyang Super Frequency Three Computer Co., Ltd.," with an 80% stake held by its subsidiary, indicating a strategic move for market expansion[37]. - The company has set up a wholly-owned subsidiary, "Changde Super Frequency Three Computer Co., Ltd.," with a registered capital of RMB 40 million, completed on March 1, 2021[38]. Competition and Market Risks - The company is facing intensified competition in the LED lighting and consumer electronics sectors, which could significantly impact sales[30]. - The company is actively monitoring exchange rate fluctuations to mitigate risks associated with international market expansion[32]. Management and Governance - The management team is focusing on optimizing organizational structure and enhancing risk management capabilities to adapt to the company's rapid growth[30]. - The company is committed to improving its internal control systems and governance to enhance overall operational health and safety[30]. - The company has not made significant adjustments to its annual operational plan, indicating stability in its strategic direction[28].