南凌科技(300921) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥127,888,942.44, representing a 9.62% increase compared to ¥116,663,943.67 in the same period last year[8]. - Net profit attributable to shareholders decreased by 20.03% to ¥16,881,116.68 from ¥21,108,374.47 year-on-year[8]. - The net profit after deducting non-recurring gains and losses fell by 29.57% to ¥14,827,410.13 compared to ¥21,052,721.90 in the previous year[8]. - The company achieved a total sales revenue of RMB 127,888,942.44 in Q1 2021, representing a year-on-year increase of 9.62%[21]. - The main business revenue from value-added telecommunications services reached RMB 110,095,712.44, an increase of 3.52% year-on-year[21]. - The system integration business revenue surged to RMB 16,854,763.21, reflecting an 83.51% growth compared to the previous year, attributed to the recovery from the pandemic[21]. - Operating profit decreased to 18,698,442.64 from 22,753,886.43, a decline of approximately 17.9%[59]. - Net profit for the current period is 16,872,259.04, down from 21,100,596.56, indicating a decrease of around 20.5%[59]. - Basic and diluted earnings per share are both 0.230, down from 0.39 in the previous period, a decline of approximately 41.0%[60]. - The total comprehensive income for the current period is 16,647,096.08, down from 20,779,256.18, a decrease of approximately 19.5%[60]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 29.72% to ¥12,658,076.64 from ¥9,758,253.27 year-on-year[8]. - The value of cash received from operating activities increased significantly to RMB 4,514,076.39, up 879.12% compared to RMB 461,034.04 in the same period last year[19]. - The company reported a substantial increase in cash paid for operating activities, totaling RMB 13,383,931.13, which is a 176.18% increase from RMB 4,846,023.73 year-on-year[19]. - The net increase in cash and cash equivalents for the current period was -¥408,802,189.28, compared to an increase of ¥4,650,411.04 in the previous period, showing a decline in liquidity[68]. - The ending balance of cash and cash equivalents was ¥285,418,221.23, down from ¥99,048,882.40, reflecting a decrease in available cash resources[68]. - Cash inflow from sales of goods and services was ¥125,897,876.16, compared to ¥100,968,347.34 in the previous period, marking an increase of approximately 24.8%[65]. - Cash paid for purchasing goods and services was ¥81,538,447.21, up from ¥67,614,283.43, representing a rise of about 20.5%[65]. - Cash paid to employees increased to ¥20,837,137.57 from ¥16,828,343.45, indicating a growth of approximately 23.8%[67]. Assets and Liabilities - Total assets at the end of the reporting period were ¥919,254,814.55, a 4.39% increase from ¥880,622,031.65 at the end of the previous year[8]. - Current assets totaled ¥830,565,482.57, up from ¥807,074,942.64, indicating an increase of about 2.0%[50]. - The company's cash and cash equivalents decreased significantly from ¥694,820,408.48 to ¥286,018,219.20, a decline of approximately 58.8%[49]. - Total liabilities increased to ¥97,204,101.37 from ¥75,522,114.73, marking a rise of approximately 28.7%[51]. - The company's equity attributable to shareholders reached ¥822,106,609.44, compared to ¥805,146,955.54, reflecting a growth of about 2.1%[52]. - Non-current assets totaled ¥88,689,331.98, up from ¥73,547,089.01, indicating an increase of approximately 20.5%[50]. - The total liabilities to equity ratio increased, indicating a higher leverage position for the company[51]. - The company reported a significant increase in inventory from ¥8,939,977.20 to ¥10,338,532.56, which is an increase of about 15.6%[49]. Investments and R&D - The company has invested in new technologies, as evidenced by the increase in intangible assets from ¥2,660,162.05 to ¥5,351,522.87, a growth of approximately 101.4%[50]. - Research and development expenses increased to 9,329,811.98 from 7,750,000.37, marking a rise of about 20.4%[58]. - The company raised a total of 106.7482 million CNY in excess funds, with 30 million CNY allocated for permanent working capital supplementation[32]. - As of March 31, 2021, the company has utilized 421 million CNY of the raised funds to purchase bank financial products[32]. Business Operations and Strategy - The company operates as a value-added telecommunications operator, utilizing resources from basic telecom operators to provide customized network services[35]. - The company's SD-WAN product development is progressing well, with all functional modules completed and currently in system testing, expected to launch in the second half of 2021[22]. - The company is expanding its SD-WAN business into Southeast Asia and Europe, with ongoing construction of nodes in Singapore and Frankfurt, despite delays due to the pandemic[25]. - The company plans to enhance its core competitiveness by introducing high-end technical talent and implementing an employee stock incentive plan[27]. - The company provides 24/7 network management services, enhancing network manageability and allowing for customized management based on client needs[37]. - The transition from traditional self-built networks to the company's MPLS virtual private network services is primarily due to cost savings and improved network flexibility[37]. - The company emphasizes the complementary relationship between public cloud service providers and its own services, mitigating the risk of being replaced by larger public cloud providers[36]. - The company’s services are characterized by high quality and timely after-sales response, leading to high customer satisfaction and a premium on service pricing[39]. - The company has established a competitive advantage in dedicated network service quality by utilizing multiple telecom operators' resources and automatic switching capabilities during network failures[42].