*ST左江(300799) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 reached ¥40,368,936.81, representing an increase of 866.89% compared to ¥4,175,129.89 in the same period last year[8]. - Net profit attributable to shareholders was ¥20,820,702.74, a growth of 339.93% from ¥4,732,693.85 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥20,401,408.22, up 2,307.90% from ¥847,269.33 in the previous year[8]. - Basic earnings per share increased to ¥0.2041, a rise of 339.87% compared to ¥0.0464 in the same period last year[8]. - The weighted average return on equity improved to 2.91%, up from 0.76% year-on-year, indicating enhanced profitability[8]. - The total profit for Q1 2021 was CNY 27,304,622.40, compared to CNY 5,571,622.36 in the previous year, indicating a year-over-year increase of approximately 388%[49]. - The company reported a significant increase in cash flow from operating activities, totaling CNY 45,691,163.85, compared to CNY 39,169,142.79 in the previous period[51]. - The company reported a net profit margin improvement, with net income figures not explicitly stated but implied through revenue growth and cost management[45]. Assets and Liabilities - Total assets at the end of the reporting period were ¥796,532,810.66, a slight decrease of 1.05% from ¥804,960,378.10 at the end of the previous year[8]. - The total assets amounted to 804,960,378.10 yuan, with a slight adjustment of 640,595.09 yuan due to the new leasing standards[60]. - Total liabilities amounted to ¥100,005,222.55, a decrease from ¥100,645,817.64, reflecting a reduction of ¥640,595.09[61]. - The total equity attributable to shareholders increased to CNY 732,026,561.87 from CNY 705,802,892.57, showing growth in shareholder value[42]. - The company's cash and cash equivalents decreased to CNY 271,622,824.12 from CNY 334,447,381.50, reflecting a decline of approximately 18.7%[36]. - The total liabilities decreased to CNY 66,956,067.28 from CNY 99,199,395.18 year-on-year, reflecting improved financial health[42]. Cash Flow - The net cash flow from operating activities was negative at -¥28,062,694.01, worsening by 52.67% compared to -¥18,381,496.70 in the previous year[8]. - The net cash flow from operating activities was -25,855,823.51 yuan, compared to -18,381,496.70 yuan in the previous period, indicating a decline of approximately 40.5%[56]. - Cash inflow from investment activities totaled 45,298,602.74 yuan, down from 120,970,550.68 yuan, representing a decrease of about 62.6%[57]. - The total cash and cash equivalents at the end of the period were 166,304,605.85 yuan, down from 240,937,353.41 yuan, reflecting a decrease of approximately 30.9%[57]. Research and Development - The company's R&D expenses increased by 57.90% to ¥11,828,111.08 from ¥7,490,682.63 in the same period last year, reflecting a commitment to enhancing research and development capabilities[18]. - Research and development expenses rose to CNY 11,828,111.08, up from CNY 7,490,682.63 in the previous year, indicating a focus on innovation[45]. - The company is currently developing multiple new products, with ongoing projects proceeding as planned[24]. Shareholder Information - The company had a total of 10,638 common shareholders at the end of the reporting period[12]. - The top shareholder, Zhang Jun, holds 23.10% of the shares, amounting to 23,577,300 shares[12]. Risk Factors - The company faces high customer concentration risk, with significant sales revenue from the top five customers impacting overall revenue growth[21]. - The company has not experienced major quality disputes since its establishment, but product quality risks remain due to the complexity of network information security products[22]. - The company is expanding rapidly, leading to increased labor costs and potential risks associated with talent management[23]. - The company acknowledges the potential impact of the COVID-19 pandemic on its operations and is monitoring the situation closely[25]. Fund Management - The total amount of raised funds is CNY 31,915.27 million, with CNY 2,656.89 million invested in the current quarter[28]. - The cumulative amount of raised funds that have been repurposed is CNY 9,790.64 million, accounting for 30.68% of the total raised funds[28]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[32].