宇信科技(300674) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥417,069,721.54, representing a 64.65% increase compared to ¥253,311,089.87 in the same period last year[7]. - The net profit attributable to shareholders was -¥26,332,595.03, a decrease of 600.95% from ¥5,256,539.34 in the previous year[7]. - The company's total operating revenue for the reporting period was 417.07 million, an increase of 64.65% compared to the same period last year, primarily due to sustained rapid business growth and a low base from the previous year affected by the pandemic[17]. - Revenue from software development and services increased by 42.00% year-on-year, attributed to the acceptance of several large projects during the period[17]. - System integration sales and service revenue surged by 242.61%, reflecting the new trends in "self-controllable" and "domestic" development in the national information technology application innovation industry[17]. - The net profit attributable to shareholders was a loss of 26.33 million, compared to a profit of 5.26 million in the same period last year, mainly due to increased share-based payment expenses of 41.21 million[17]. - The company's operating revenue for Q1 2021 was CNY 41,706.97 million, a 64.65% increase compared to CNY 25,331.11 million in Q1 2020[19]. - Operating costs rose to CNY 28,530.62 million, reflecting a 90.05% increase, primarily due to a higher proportion of lower-margin system integration sales and services[19]. - The net profit for the quarter was a loss of ¥30,936,325.08, compared to a profit of ¥2,699,647.84 in the same period last year[51]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥474,846,843.57, worsening by 40.85% compared to -¥337,135,733.45 in the same period last year[7]. - Cash and cash equivalents decreased by 45.27% to 742.18 million, mainly due to seasonal cash collection patterns and increased procurement payments[18]. - The net cash flow from operating activities was negative CNY 47,484.68 million, a 40.85% increase in outflow compared to negative CNY 33,713.57 million in the previous year[20]. - Cash inflows from operating activities totaled 668,276,658.53, significantly higher than 321,912,823.70 in the prior year, marking an increase of about 107.5%[59]. - Cash outflows from operating activities amounted to 1,143,123,502.10, compared to 659,048,557.15 in the previous year, indicating an increase of approximately 73.4%[59]. - The company incurred a total of 505,952,636.84 in cash payments for goods and services, which is an increase from 186,411,637.38 in the previous year, reflecting a rise of approximately 171.5%[59]. - The company's financing activities resulted in a net cash outflow of -81,309,026.91, compared to -294,663,214.61 in the previous year, indicating an improvement in cash flow management[60]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,744,573,084.06, down 7.59% from ¥4,052,091,465.03 at the end of the previous year[7]. - The total liabilities decreased to ¥2,887.73 million from ¥3,215.57 million, indicating a reduction of about 10.2%[37]. - The total liabilities decreased from CNY 1,700,424,119.00 to CNY 1,383,731,839.52, a reduction of about 18.7%[42]. - The total assets increased from CNY 3,877,357,239.29 to CNY 4,032,007,672.13, reflecting a growth of about 4.0%[44]. - The company's total current liabilities were approximately $1.86 billion, with significant components including accounts payable of $826.17 million[68]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,711[10]. - The largest shareholder, Zhuhai Yuqin Hongtai Information Consulting Co., Ltd., held 29.98% of the shares, amounting to 123,910,560 shares[10]. - The company issued 1,393,000 restricted stocks to 97 incentive targets, raising CNY 21,795,840.00 in subscription funds[25]. Research and Development - R&D expenses for the first quarter increased by 89.63% year-on-year, reaching 68.44 million, as the company focused on enhancing product iteration and reducing delivery costs[17]. - Research and development expenses increased to ¥33,280,826.36 from ¥16,447,322.40, reflecting a growth of approximately 102.4%[53]. Compliance and Governance - The company reported no violations regarding external guarantees during the reporting period[29]. - There were no overdue commitments from major shareholders or related parties during the reporting period[30]. - The company is actively processing matters related to the inquiry letter from the Shenzhen Stock Exchange and plans to apply for the resumption of review once the relevant work is completed[27]. - The company has completed the registration of part of the reserved restricted stock grants as part of its incentive plan[28]. Miscellaneous - The first quarter report was not audited[71]. - The company executed the new leasing standards starting January 1, 2021, which resulted in adjustments to the financial statements[65].