矩子科技(300802) - 2021 Q1 - 季度财报

Important Notice Statement on Report Authenticity Company management guarantees the truthfulness, accuracy, and completeness of this quarterly report and its financial statements, assuming legal responsibility - Company management guarantees the truthfulness, accuracy, and completeness of the report content and financial statements, assuming corresponding legal responsibilities[4][5] Company Basic Information Key Accounting Data and Financial Indicators In Q1 2021, the company reported 114 million yuan in revenue and 24.89 million yuan in net profit, with slight asset growth and improved operating cash flow Key Financial Data for Q1 2021 | Indicator | Current Period (Yuan) | Prior Period (Yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 113,772,475.30 | 99,909,671.82 | 13.88% | | Net Profit Attributable to Shareholders | 24,891,357.54 | 18,580,222.45 | 33.97% | | Net Cash Flow from Operating Activities | -11,575,397.77 | -12,004,323.56 | 3.57% | | Basic Earnings Per Share | 0.15 | 0.19 | -21.05% | | Total Assets | 1,182,107,269.28 | - | 1.47% (vs. Prior Year End) | | Net Assets Attributable to Shareholders | 1,049,138,540.87 | - | 2.16% (vs. Prior Year End) | - Total non-recurring gains and losses amounted to 1.1352 million yuan, primarily from government subsidies (0.636 million yuan) and transactional financial asset gains (0.773 million yuan)[9] Shareholder Information As of the reporting period end, the company had 15,568 common shareholders, with the actual controller holding a significant stake directly and indirectly - As of the end of the reporting period, the company had a total of 15,568 common shareholders[12] - Actual controller Yang Yong directly holds 24.13% of shares and indirectly controls 7.05% through Shanghai Juzi Investment Management Co., Ltd[12][13] Changes in Restricted Shares Total restricted shares decreased from 82.01 million to 81.13 million, primarily due to partial release for senior executives Summary of Restricted Share Changes | Shareholder Name | Shares Released This Period | Restricted Shares at Period End | Reason for Restriction | | :--- | :--- | :--- | :--- | | Wang Jianxun | 53,325 | 7,295,445 | Executive Lock-up | | Lei Baojia | 824,978 | 6,523,792 | Executive Lock-up | | Total | 878,303 | 81,132,499 | -- | Significant Matters Analysis of Significant Changes in Financial Data Significant financial changes include increased prepayments and construction in progress, a surge in investment income, positive investing cash flow, and new lease accounting entries - Construction in progress significantly increased by 1231.74%, primarily due to investment in the decoration of the R&D project center[20] - Investment income increased by 1169.22% year-on-year, primarily due to a change in accounting method for Chengdu Lechuang Automation Technology Co., Ltd. and increased wealth management income[21] - Net cash flow from investing activities improved from -348 million yuan in the prior year to 56 million yuan this period, primarily due to a significant reduction in wealth management product purchases[21] Business Review and Outlook The company achieved revenue and net profit growth by enhancing its machine vision business, while addressing risks like exchange rate volatility, distribution model, and high customer concentration - The company enhanced overall profitability by promoting a full-line sales strategy, strengthening customer cooperation, and expanding into new markets, increasing the revenue share of its machine vision business[22] - Key risks include exchange rate fluctuations, distribution model challenges, high customer concentration (top five customers account for 53.53% of sales), and intensified market competition[24][25] Progress of Significant Matters The company reported progress on its venture capital fund's limited partner additions and initiated a share repurchase plan for employee incentives - Suzhou Xindongneng Technology Venture Capital Partnership (Limited Partnership), in which the company invested, added new limited partners and completed business registration changes in March 2021[26] - The company initiated a share repurchase plan, intending to repurchase shares with 30-60 million yuan; as of March 31, 2021, 82,600 shares were repurchased for a total of 2.9033 million yuan[27][28] Use of Raised Funds The company has invested 158 million yuan out of 496 million committed, with two key projects extended to June 2023 due to resource integration and site selection - Committed total investment is 495.5206 million yuan, with cumulative investment of 158.2992 million yuan as of the reporting period end[31] - The “Machine Vision Inspection Equipment Capacity Expansion Project” and “Marketing Network and Technical Support Center Project” completion dates are extended to June 30, 2023, due to internal resource integration and new site selection[31] Investor Relations Activities In Q1 2021, the company conducted three investor relations activities, engaging with institutional investors like Huatai Securities and Hillhouse Capital - During the reporting period, the company hosted three batches of institutional investor surveys in January and February 2021, including Huatai Securities, Hillhouse Capital, and China Merchants Fund[36] Financial Statements Consolidated Balance Sheet As of March 31, 2021, total assets increased to 1.182 billion yuan, liabilities decreased, and parent company equity grew, with notable changes in inventory and accounts receivable Consolidated Balance Sheet Key Items (March 31, 2021) | Item | Amount (Yuan) | Change from Prior Year End | | :--- | :--- | :--- | | Total Assets | 1,182,107,269.28 | 1.47% | | Total Liabilities | 131,422,638.69 | -3.07% | | Equity Attributable to Parent Company Owners | 1,049,138,540.87 | 2.16% | | Cash and Cash Equivalents | 555,408,761.70 | -3.36% | | Accounts Receivable | 184,662,786.13 | -7.43% | | Inventory | 166,310,671.07 | 23.23% | Consolidated Income Statement In Q1 2021, total operating revenue reached 114 million yuan, with total costs at 87.31 million yuan, leading to a 33.97% increase in net profit attributable to parent company shareholders Consolidated Income Statement Key Items (Q1 2021) | Item | Amount This Period (Yuan) | Amount Prior Period (Yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 113,772,475.30 | 99,909,671.82 | 13.88% | | Total Operating Costs | 87,307,057.07 | 78,723,397.35 | 10.90% | | Net Profit Attributable to Parent Company Shareholders | 24,891,357.54 | 18,580,222.45 | 33.97% | | R&D Expenses | 6,288,453.91 | 5,974,186.74 | 5.26% | Consolidated Cash Flow Statement Q1 2021 saw operating cash flow at -11.58 million yuan, a significant improvement in investing cash flow to 55.91 million yuan, and financing cash flow at -2.9 million yuan Consolidated Cash Flow Statement Summary (Q1 2021) | Item | Amount This Period (Yuan) | Amount Prior Period (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -11,575,397.77 | -12,004,323.56 | | Net Cash Flow from Investing Activities | 55,907,211.02 | -347,624,401.32 | | Net Cash Flow from Financing Activities | -2,903,556.72 | -28,396,673.99 | | Cash and Cash Equivalents at Period End | 518,665,727.82 | 146,214,796.60 | Notes on Financial Statement Adjustments The company retrospectively adjusted its balance sheet for the first-time adoption of new lease standards from January 1, 2021, adding new asset and liability accounts with no impact on owners' equity - The company adopted the new lease standard for the first time starting January 1, 2021, and retrospectively adjusted its opening financial statements[68][72] - After adjustment, the consolidated balance sheet as of January 1, 2021, added 6.455 million yuan in right-of-use assets, 4.073 million yuan in non-current liabilities due within one year, and 2.382 million yuan in lease liabilities[67][68]