万马科技(300698) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥67,319,455.29, representing a 50.82% increase compared to ¥44,636,782.79 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥10,261,139.43, a slight improvement of 2.85% from a loss of ¥10,561,620.40 in the previous year[8] - The basic and diluted earnings per share were both -¥0.0766, showing a 2.79% improvement from -¥0.0788 in the previous year[8] - The company reported a revenue of 67,319,455.29, an increase of 50.82% compared to the previous year, primarily driven by increased sales in the medical equipment sector[17] - The net profit attributable to shareholders was -1,026.11, reflecting a 2.85% increase year-on-year, despite remaining in a loss position due to intense competition in the telecommunications sector[19] - Total operating revenue for Q1 2021 was CNY 67,319,455.29, compared to CNY 44,636,782.79 in the previous period, indicating a significant increase[41] - Net profit for the quarter was a loss of CNY 11,647,781.15, compared to a loss of CNY 11,223,717.88 in the same period last year[43] - The company reported a total operating profit loss of CNY 11,596,335.58, which is comparable to a loss of CNY 11,552,389.06 in the previous year[43] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥51,490,341.80, which is a 6.87% increase in cash outflow compared to ¥48,179,717.37 in the same period last year[8] - Cash and cash equivalents decreased by 60.41% to 41,348,332.49, mainly due to continued investments in financial products[17] - The company’s cash received from operating activities increased by 59.94% to 104,056,282.13, driven by higher customer payments[18] - The company reported a decrease in cash and cash equivalents from CNY 104,446,752.95 at the end of 2020 to CNY 41,348,332.49 by March 31, 2021[33] - The ending balance of cash and cash equivalents was 34,409,673.64 CNY, down from 36,758,890.77 CNY in the previous period, reflecting a decrease in liquidity[52] - The company reported a net cash flow decrease of 60,122,919.27 CNY, compared to a decrease of 31,938,215.73 CNY in the previous period, highlighting ongoing cash management challenges[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥736,318,202.67, down 3.13% from ¥760,111,014.23 at the end of the previous year[8] - The total current assets decreased from CNY 630,381,328.97 at the end of 2020 to CNY 605,983,833.65 by March 31, 2021[33] - Total liabilities decreased to CNY 312,158,087.93 from CNY 324,303,118.34, reflecting a reduction in financial obligations[35] - Current liabilities totaled CNY 303,178,243.07, down from CNY 315,857,280.46, showing improved liquidity management[35] - Owner's equity decreased to CNY 424,160,114.74 from CNY 435,807,895.89, reflecting changes in retained earnings and overall financial health[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,828[12] - The top shareholder, Zhang Desheng, holds 21.53% of the shares, amounting to 28,843,500 shares[12] - The company did not engage in any repurchase transactions among the top shareholders during the reporting period[13] Investment and Expenses - The company’s financial expenses rose by 94.24% to 1,612,627.13, attributed to increased commercial acceptance bill discounts by a subsidiary[17] - The company’s investment income decreased by 57.67% to 290,928.77, due to reduced amounts and frequency of financial product investments[17] - Research and development expenses were CNY 4,763,084.90, showing a slight increase from CNY 4,715,636.81 year-over-year[43] - The company incurred financial expenses of CNY 1,612,627.13, which is an increase from CNY 830,206.09 in the previous year[43] Future Plans and Market Conditions - The company plans to continue expanding its market presence and increasing R&D investment to enhance product variety and market share[19] - The company has faced delays in project progress due to a slowdown in downstream market demand and the lack of large-scale 5G network construction[23]