Andawell(SZ:300719)2021-04-26 16:00Financial Performance - The company's revenue for Q1 2021 was ¥77,658,313.32, representing a 48.12% increase compared to ¥52,430,335.30 in the same period last year[7]. - The net profit attributable to shareholders was a loss of ¥1,395,756.62, an improvement from a loss of ¥12,302,687.25 in the previous year[7]. - The net cash flow from operating activities improved to -¥13,330,653.98 from -¥46,843,368.86 year-on-year[7]. - The basic and diluted earnings per share were both -¥0.0055, an improvement from -¥0.0484 in the same period last year[7]. - The net profit attributable to shareholders was -139,580 CNY, an increase of 1,090,690 CNY compared to the same period last year, indicating a significant recovery[18]. - The net loss for Q1 2021 was CNY 1,395,756.62, an improvement from a net loss of CNY 12,302,687.25 in Q1 2020[54]. - The company's operating revenue for the current period is CNY 22,059,307.84, a slight increase from CNY 22,050,756.24 in the previous period[56]. - The net profit for the current period is CNY 2,280,139.94, compared to CNY 994,622.47 in the previous period, representing a significant increase[58]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,359,096,288.98, down 5.85% from ¥1,443,482,589.43 at the end of the previous year[7]. - The company's net assets attributable to shareholders decreased slightly by 0.11% to ¥1,050,069,387.84 from ¥1,051,263,859.46[7]. - The total assets as of March 31, 2021, were ¥1.36 billion, down from ¥1.44 billion at the end of 2020, representing a decline of approximately 6%[45]. - The company's total liabilities decreased to CNY 20,320,712.98 from CNY 49,970,370.91, a significant decline of about 59%[50]. - The total liabilities increased to 402,017,509.10 yuan, up by 9,798,779.13 yuan, primarily due to adjustments related to leasing liabilities[70]. Cash Flow - Cash flow from operating activities totaled 160,656,901.34 CNY, a 59.50% increase, attributed to improved sales collections[17]. - The total cash inflow from operating activities is CNY 160,656,901.34, up from CNY 100,723,262.46 in the previous period[62]. - The cash flow from investment activities was -4,036,590.53 yuan, significantly less than -72,613,100.00 yuan in the previous period, showing a substantial reduction in cash outflow[66]. - The cash flow from financing activities resulted in a net outflow of -30,945,020.14 yuan, compared to a net inflow of 7,648,790.47 yuan previously, indicating a shift in financing strategy[66]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 27,007[10]. - Zhao Zian, the largest shareholder, holds 35.35% of the shares, totaling 89,817,478 shares[10]. Research and Development - Research and development expenses for Q1 2021 were CNY 14,696,981.93, compared to CNY 13,484,319.71 in the previous year, reflecting an increase of approximately 9%[53]. - Key product development includes progress in aviation cabin equipment, crash-resistant seats, and next-generation bulletproof armor, with ongoing optimization of existing products[21]. - The company has over 20 strategic technology projects in progress to support long-term development[21]. Operational Highlights - The company achieved operating revenue of 77,658,313.32 CNY in Q1 2021, a 48.12% increase year-on-year, primarily driven by growth in interior and seat product sales[16]. - Operating costs rose to 41,375,941.92 CNY, a 63.73% increase, correlating with the rise in sales revenue[16]. - The company is focusing on developing its smart division, securing contracts in aerospace and defense, and initiating small-scale trials for RFID-based smart tool cabinets[20]. Incentive Plans - The company launched a restricted stock incentive plan in January 2021, proposing to grant 12.05 million shares, with an initial grant of 10.05 million shares and a reserve of 2 million shares[29]. - As of March 2021, the number of incentive recipients was adjusted from 77 to 75, and the total number of shares granted was reduced from 12.05 million to 11.95 million, with the initial grant adjusted from 10.05 million to 9.95 million shares[31]. Risk Management - The company is enhancing risk management and optimizing procurement and sales processes to mitigate impacts from the COVID-19 pandemic[22]. - The company is actively monitoring the financial status of clients affected by the pandemic to manage accounts receivable risks[27]. - The company is implementing measures to ensure order delivery and improve customer service quality amid ongoing pandemic challenges[26].