Financial Performance - The company's revenue for Q1 2021 was ¥47,364,167.28, representing an increase of 18.07% compared to ¥40,116,903.95 in the same period last year[8] - Net profit attributable to shareholders was ¥4,529,440.09, a significant increase of 206.93% from ¥1,475,711.61 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥4,017,486.46, up 334.43% from ¥924,772.78 in the previous year[8] - The operating profit for Q1 2021 was 5.20 million RMB, representing a growth of 275.04% year-on-year[21] - The company's net profit for Q1 2021 was CNY 4,529,440.09, a significant increase from CNY 1,475,711.61 in the same period last year, representing a growth of approximately 206%[48] - The total comprehensive income of CNY 4,529,440.09 for Q1 2021, compared to CNY 1,475,711.61 in the previous year, showing a growth of approximately 206%[48] Assets and Liabilities - The company's total assets reached ¥919,805,948.32, reflecting a growth of 46.58% compared to ¥627,527,019.41 at the end of the previous year[8] - The total assets of the company as of March 31, 2021, were 919.81 million CNY, compared to 627.53 million CNY at the end of 2020[38] - Total liabilities amounted to CNY 260,448,904.38, compared to CNY 236,289,106.76 in the previous period[43] - Owner's equity increased to CNY 623,796,210.03 from CNY 352,956,763.45[43] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,789[12] - The company has not conducted any repurchase transactions among its top shareholders during the reporting period[15] Cash Flow - The net cash flow from operating activities was negative at -¥17,732,024.50, a decline of 329.51% compared to ¥7,726,002.84 in the previous year[8] - The cash flow from operating activities showed a net outflow of CNY -17,732,024.50, a decline from a net inflow of CNY 7,726,002.84 in the same period last year[54] - The net cash flow from investing activities was -100,043,282.60 CNY, worsening from -40,595,734.63 CNY year-over-year[58] - Cash inflow from financing activities totaled 312,889,509.43 CNY, compared to 53,000,000.00 CNY in the previous period, indicating a substantial increase[58] Capital and Reserves - Cash and cash equivalents increased by 87.93% to 321.45 million RMB as of March 31, 2021, primarily due to funds raised from the initial public offering[19] - The company’s capital reserve rose by 304.89% to 320 million RMB, reflecting the premium from the initial public offering[19] - The company has increased its capital reserve to CNY 332,233,820.01 from CNY 91,267,754.52, indicating strong financial health[43] Operational Efficiency - The weighted average return on equity was 1.17%, up 0.67% from 0.50% year-on-year[8] - The company reported a net profit margin improvement, with net profit for the period reflecting operational efficiency[46] - The company plans to enhance management levels, operational efficiency, and profitability while optimizing governance structures and internal controls[21] Market and Sales - The total amount of major contracts signed during the reporting period was 2,546.65 million CNY, with a revenue recognition of 159.17 million CNY, achieving a completion rate of 6.25%[22] - The total sales orders formed in Q1 2021 amounted to 6,585.83 million CNY, with an average order value of 67.2 million CNY[23] - The total sales amount from the top five customers was 2,096.94 million CNY, representing 44.27% of the total sales for the reporting period[26] Research and Development - Research and development expenses increased to CNY 8,079,329.38 from CNY 6,447,036.21 year-over-year[46] - Research and development expenses for the current period amounted to CNY 2,317,955.44, indicating a focus on innovation and product development[49] Future Outlook - The company plans to expand its market presence and invest in new technologies to drive future growth[46] - The company will continue to focus on marketing and customer development to mitigate the impacts of the COVID-19 pandemic[21] - The company maintained its annual business plan without changes, focusing on enhancing product competitiveness and internal management[27] - The company has no significant adverse risk factors or difficulties affecting future operations during the reporting period[28]
通业科技(300960) - 2021 Q1 - 季度财报