新城市(300778) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥94,826,367.59, representing a 19.37% increase compared to ¥79,436,476.08 in the same period last year[7] - The net profit attributable to shareholders for Q1 2021 was ¥25,076,832.60, up 20.48% from ¥20,814,624.28 year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥19,397,096.72, reflecting a 16.49% increase from ¥16,651,734.50 in the previous year[7] - The basic earnings per share for Q1 2021 was ¥0.2508, a 20.52% increase compared to ¥0.2081 in the same period last year[7] - The company achieved operating revenue of 94.83 million yuan in Q1 2021, a year-on-year increase of 19.37%[21] - The net profit attributable to shareholders was 25.08 million yuan, reflecting a growth of 20.48% compared to the same period last year[21] - Total operating revenue for Q1 2021 was CNY 94,826,367.59, an increase of 19.4% compared to CNY 79,436,476.08 in Q1 2020[60] - Net profit for Q1 2021 reached CNY 24,916,136.28, representing a 19.8% increase from CNY 20,814,624.28 in Q1 2020[62] - Earnings per share for Q1 2021 was CNY 0.2508, compared to CNY 0.2081 in Q1 2020, reflecting a growth of 20.4%[63] - The total comprehensive income for the quarter was CNY 25,851,607.01, compared to CNY 21,087,476.03 in the previous year, reflecting a year-over-year increase of 22.5%[67] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,268,053,993.90, a decrease of 4.63% from ¥1,329,575,943.53 at the end of the previous year[7] - The company's total assets amounted to CNY 1,263,350,438.02, a decrease from CNY 1,327,043,663.29 at the end of 2020[59] - The company's total liabilities decreased from CNY 352,474,900.06 on December 31, 2020, to CNY 265,366,334.89 on March 31, 2021, representing a reduction of about 24.7%[53] - Total liabilities decreased to CNY 264,580,239.50 from CNY 354,125,071.78 at the end of 2020, marking a reduction of 25.3%[59] - The company's equity attributable to shareholders rose from CNY 977,101,043.47 to CNY 1,002,177,876.07, an increase of approximately 2.6%[55] - Owner's equity increased to CNY 998,770,198.52 as of March 31, 2021, up from CNY 972,918,591.51 at the end of 2020, indicating a growth of 2.9%[59] Cash Flow - The net cash flow from operating activities for Q1 2021 was -¥92,338,530.61, which is a decline of 15.83% compared to -¥79,721,475.16 in the same period last year[7] - The company reported a net cash outflow from operating activities of CNY -92,338,530.61, worsening from CNY -79,721,475.16 in the prior year[70] - Investment activities generated a net cash inflow of CNY 22,977,721.37, a significant improvement from a net outflow of CNY -692,547.01 in the same quarter last year[71] - The cash and cash equivalents at the end of the period were CNY 317,184,651.09, down from CNY 458,146,304.55 at the end of the previous year[73] - The cash and cash equivalents decreased from CNY 399,130,837.52 to CNY 327,715,668.22, a decline of approximately 17.9%[51] Investments and Projects - The total amount of raised funds is CNY 47,965.69 million, with CNY 2,143.98 million invested in the current quarter and CNY 19,781.04 million cumulatively invested[38] - The investment progress for the "Information System Construction Project" is 5.93%, with CNY 156.90 million invested out of CNY 2,643.90 million[38] - The "Design Platform Construction Project" has an investment progress of 15.34%, with CNY 2,562.94 million invested out of CNY 16,698.70 million[38] - The "Innovation Development Research Center Construction Project" has an investment progress of 45.26%, with CNY 9,561.20 million invested out of CNY 21,123.09 million[38] - The "Supplementary Working Capital Project" has been fully utilized, with 100% of the CNY 7,500.00 million raised being invested[38] Operational Efficiency - Accounts receivable decreased by 53.16% to 285,000 yuan due to the recovery of commercial acceptance bills[18] - Prepayments increased by 95.97% to 2,196,836.36 yuan, primarily due to new renovation project payments pending settlement[18] - Cash received from sales of goods and services rose by 35.30% to 64.27 million yuan, attributed to increased revenue collections[19] - The company’s financial expenses decreased by 90.53%, mainly due to reduced interest income from decreased bank deposits[19] - The company’s management expenses increased by 37.03% to 11.80 million yuan, driven by the growth in the number of subsidiaries[19] Risks and Challenges - The company faces risks from intensified market competition and potential impacts from macroeconomic fluctuations on its business[24][25] - The company is committed to enhancing its core competitiveness by attracting and retaining high-quality talent amidst increasing market competition[29] - The company has established a continuous tracking mechanism for accounts receivable to mitigate the risk of bad debts[31] - The company emphasizes innovation and product development to enhance market competitiveness and improve accounts receivable management[31] - The company has a comprehensive quality control system, but it needs to adapt as the number of projects increases to avoid operational risks[32] - The company plans to reform its internal structure to enhance project management and technical quality control[34] Compliance and Governance - There are no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[35] - The company reported no violations regarding external guarantees during the reporting period[44] - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[45] - The company did not engage in any research, communication, or interview activities during the reporting period[46] - The company did not undergo an audit for the first quarter report[78] - The company has not applied the new leasing standards for the financial statements[77]