NJCKY(300826)2021-04-22 16:00Revenue and Profitability - Revenue for Q1 2021 was CNY 87,932,304.65, an increase of 0.60% compared to CNY 87,405,142.50 in the same period last year[7] - Net profit attributable to shareholders was CNY 14,121,646.99, representing a growth of 23.79% from CNY 11,407,842.94 year-on-year[7] - Net profit excluding non-recurring items was CNY 11,966,225.61, up 16.03% from CNY 10,313,031.03 in the previous year[7] - The company reported a total revenue of 87.93 million yuan for Q1 2021, an increase of 0.60% compared to the same period last year[19] - The net profit attributable to shareholders reached 14.12 million yuan, reflecting a growth of 23.46% year-on-year[19] - Operating profit increased to CNY 17,686,935.97, up from CNY 14,762,080.48 year-over-year, representing a growth of approximately 19.5%[46] - Net profit for Q1 2021 reached CNY 14,760,630.30, a 20.1% increase from CNY 12,284,237.65 in the same period last year[46] Cash Flow and Financial Position - The net cash flow from operating activities was CNY -68,534,867.19, a decline of 13.55% compared to CNY -60,354,165.86 in the same period last year[7] - Cash received from sales of goods and services amounted to 179.65 million yuan, up 32.78% from the previous year, driven by an increase in orders and contract prepayments[19] - The company's cash and cash equivalents at the end of the period were 255.69 million yuan, a decrease of 34.49% compared to the beginning of the period, primarily due to performance payments to employees and suppliers[18] - The ending balance of cash and cash equivalents stood at ¥237,082,262.87, compared to ¥504,448,170.25 at the end of the previous period[55] - Total operating cash outflow amounted to ¥257,067,218.35, compared to ¥206,008,341.89 in the prior period, resulting in a net cash flow from operating activities of -¥68,534,867.19[54] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,791,812,308.60, down 1.71% from CNY 1,823,038,575.15 at the end of the previous year[7] - Total liabilities decreased to CNY 743,491,234.67 from CNY 784,790,062.63 in the previous period[42] - The company's total equity increased to CNY 1,030,828,286.60 from CNY 1,017,213,314.89[42] - Accounts payable decreased to CNY 214,893,827.41 from CNY 268,922,841.15[41] - Contract liabilities rose to CNY 470,377,143.78 from CNY 414,371,798.90[41] Earnings Per Share - Basic earnings per share decreased by 5.26% to CNY 0.18 from CNY 0.19 in the same period last year[7] - Diluted earnings per share also fell by 5.26% to CNY 0.18 compared to CNY 0.19 in the previous year[7] Investment and Expenditures - The company has invested 22 million yuan in Zhejiang Suowei Rail Transit Equipment Co., Ltd., acquiring a 3.93% stake, contributing to a 379.31% increase in other non-current assets[18] - The company increased its marketing expenses by 53.17% to 5.85 million yuan, attributed to enhanced marketing efforts following previous market positioning[18] - The company’s prepayments rose by 70.40% to 5.15 million yuan, mainly due to increased material costs[18] Risks and Future Plans - The company faces risks from intensified market competition and potential declines in gross profit margins due to economic and industry changes[23] - The company plans to enhance its core competitiveness by increasing investment in technology research and expanding service areas and product applications[23] - The company plans to enhance brand promotion and market expansion to improve core competitiveness and profitability[25] Non-Recurring Items and Other Income - The company reported non-recurring gains and losses amounting to CNY 2,523,165.99, primarily from fair value changes of financial assets[8] - Other income for the quarter was CNY 593,545.44, down from CNY 1,442,639.18, a decline of about 58.8%[46] - Investment income was CNY 1,845,535.03, showing a significant contribution to overall profitability[49] Fund Management - The total amount of raised funds is CNY 40,258.61 million, with CNY 2,242.66 million invested in the current quarter[28] - Cumulative investment of raised funds reached CNY 26,138.54 million, representing 64.9% of the total raised funds[28] - The project for smart city industry spatiotemporal information has a cumulative investment of CNY 7,325.10 million, achieving 53.63% of its planned investment[29] - The market expansion and localization service network construction project has a cumulative investment of CNY 9,554.70 million, achieving 67.11% of its planned investment[29] - The project for spatiotemporal information intelligent production and application R&D has a cumulative investment of CNY 1,258.70 million, achieving 28.85% of its planned investment[29] - The cash management of idle raised funds is capped at CNY 250 million, ensuring no impact on project construction and normal operations[30] Credit and Taxation - The company reported a credit impairment loss of CNY 1,241,837.05, compared to CNY 271,517.83 in the previous period, indicating an increase in credit risk[46] - Tax expenses for the quarter were CNY 2,810,805.67, compared to CNY 2,467,842.83 in the previous year, marking an increase of approximately 13.9%[46]