KUTESMART(SZ:300840)2021-04-25 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥147,815,879.66, representing a 30.54% increase compared to ¥113,237,603.50 in the same period last year[7]. - The net profit attributable to shareholders was ¥19,362,659.51, a 2.83% increase from ¥18,830,182.57 year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 14.16%, amounting to ¥15,259,552.78 compared to ¥17,777,306.70 in the previous year[7]. - The net cash flow from operating activities surged by 442.07%, reaching ¥6,551,350.94, up from ¥1,208,570.04 in the same period last year[7]. - Total operating revenue for Q1 2021 reached ¥147,815,879.66, compared to ¥113,237,603.50 in the same period last year, representing an increase of approximately 30.5%[44]. - Net profit for Q1 2021 was ¥19,362,659.51, slightly up from ¥18,830,182.57 in Q1 2020, indicating a growth of approximately 2.8%[46]. - The total comprehensive income for the current period was ¥19,362,659.51, compared to ¥18,830,182.57 in the previous period, indicating a slight increase[50]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,141,186,329.71, a slight increase of 0.65% from ¥1,133,844,859.03 at the end of the previous year[7]. - The company's total assets as of March 31, 2021, amounted to ¥1,094,809,634.54, compared to ¥1,088,784,642.97 at the end of 2020, showing a marginal increase of about 0.6%[42]. - Current assets totaled ¥558,439,350.54, up from ¥542,750,460.66 at the end of 2020, marking an increase of approximately 2.9%[41]. - The company's total liabilities decreased to ¥167,236,150.65 from ¥175,713,998.15, a reduction of about 4.3%[42]. - Total current liabilities decreased to CNY 150,363,513.30 from CNY 160,529,112.13, a reduction of about 6.5%[38]. - The company's non-current liabilities also decreased to CNY 24,626,896.07 from CNY 26,482,486.07, a decline of approximately 7%[38]. Earnings and Shareholder Returns - The basic earnings per share decreased by 20.00% to ¥0.08 from ¥0.10 in the same period last year[7]. - The diluted earnings per share also decreased by 20.00% to ¥0.08 from ¥0.10 year-on-year[7]. - The weighted average return on equity was 2.02%, down by 1.16% from 3.18% in the previous year[7]. - The total equity attributable to shareholders of the parent company was ¥927,573,483.89, up from ¥913,070,644.82, reflecting an increase of about 1.6%[42]. Cash Flow - The company's cash and cash equivalents increased to CNY 168,178,808.53 from CNY 162,665,920.06 at the end of 2020, reflecting a growth of approximately 3.1%[36]. - The net cash flow from operating activities was ¥6,551,350.94, an increase from ¥1,208,570.04 in the previous period[54]. - The net cash flow from operating activities for the current period is ¥3,547,075.86, a decrease of 19% compared to ¥4,374,958.19 in the previous period[56]. - Cash inflow from operating activities totaled ¥131,559,116.42, down 7.5% from ¥142,455,375.07 in the previous period[56]. - Cash outflow from operating activities was ¥128,012,040.56, a decrease of 7.3% compared to ¥138,080,416.88 in the previous period[56]. Investments and Future Plans - The company plans to invest a total of 315.61 million yuan in flexible smart factory projects and smart logistics warehouse construction[25]. - The company has committed to invest CNY 31,560,000 in new projects, including a flexible smart factory and a logistics and data center, aimed at increasing production capacity[29]. - The company plans to enhance brand awareness and expand online and offline sales channels to mitigate risks from market demand fluctuations[18]. - The company aims to enhance brand awareness and expand domestic market share to compensate for the decline in overseas sales due to the pandemic[20]. - The company will strengthen R&D to diversify product offerings suitable for the second and third quarters to mitigate seasonal demand fluctuations[20]. Market and Competition - The company faces risks from intensified market competition in the personalized clothing customization sector, which may impact its financial performance[18]. - The company has a risk management strategy for foreign exchange fluctuations, with 31.64% of revenue exposed to USD exchange rate changes[24]. - The company is enhancing its information management systems to support business expansion and improve operational efficiency[22]. - The company is focusing on expanding its self-owned brand through offline experience stores and online marketing channels[22]. Miscellaneous - The company received government subsidies amounting to ¥3,109,115.50 during the reporting period[8]. - The company reported a significant increase in contract assets, rising by 324.37% to 14,564,432.07, driven by growth in the occupational clothing business[14]. - The company’s investment income surged by 243.32% to 2,156,465.56, reflecting higher returns from bank wealth management products[14]. - The company has established long-term stable relationships with suppliers, which helps mitigate the risk of rising raw material prices[21]. - The first quarter report was not audited, which may affect the reliability of the financial data presented[61].