Financial Performance - Operating revenue for the period was CNY 33,648,103.23, representing a decline of 13.65% year-on-year[7] - Net profit attributable to shareholders of the listed company was CNY -7,030,375.12, showing an improvement from CNY -13,882,048.92 in the same period last year[7] - The weighted average return on equity was -0.58%, an improvement from -1.67% year-on-year[7] - Basic and diluted earnings per share were both CNY -0.0176, compared to CNY -0.0386 in the same period last year[7] - Total operating revenue for Q1 2021 was CNY 33,648,103.23, a decrease of 13.5% compared to CNY 38,966,752.78 in Q1 2020[31] - Net profit for Q1 2021 was a loss of CNY 7,030,375.12, an improvement from a loss of CNY 13,882,048.92 in Q1 2020[32] - The net loss for Q1 2021 was ¥5,117,973.25, an improvement from a net loss of ¥11,229,182.48 in Q1 2020, representing a reduction of 54.4%[36] - The total comprehensive income for Q1 2021 was -¥5,117,973.25, compared to -¥11,229,182.48 in Q1 2020, indicating a significant reduction in losses[36] Cash Flow - The net cash flow from operating activities was CNY -36,895,790.74, an improvement from CNY -60,533,603.13 in the same period last year[7] - Operating cash flow improved to -¥36.90 million from -¥60.53 million, indicating a positive trend due to increased sales collections[17] - The net cash flow from operating activities for Q1 2021 was -¥36,895,790.74, an improvement from -¥60,533,603.13 in Q1 2020[40] - The investment activities generated a net cash inflow of ¥452,713,307.62 in Q1 2021, compared to a net outflow of -¥24,623,977.85 in Q1 2020[41] - Net cash flow from investment activities amounted to ¥452,713,307.62, a significant increase compared to a net outflow of ¥24,598,543.85 in the previous period[44] - The company reported a net increase in cash and cash equivalents of ¥416,302,007.91, compared to a decrease of ¥82,636,411.54 in the previous period[44] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,638,659,909.36, a decrease of 0.75% compared to the end of the previous year[7] - The total assets decreased slightly to ¥1.64 billion from ¥1.65 billion, reflecting a stable financial position despite fluctuations in cash and receivables[22] - Total assets as of March 31, 2021, were CNY 1,645,683,180.25, a slight decrease from CNY 1,656,822,530.75 at the end of 2020[28] - Total liabilities decreased to CNY 435,341,173.50 from CNY 441,362,550.75, a reduction of 1.5%[28] Research and Development - R&D expenditure accounted for 80.77% of operating revenue, an increase of 7.19 percentage points compared to the previous year[8] - Research and development expenses for Q1 2021 were CNY 22,421,076.07, down 21.8% from CNY 28,670,773.90 in Q1 2020[32] - Research and development expenses for Q1 2021 were ¥20,863,385.24, down 23.1% from ¥27,128,137.94 in Q1 2020[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,112[11] - The top shareholder, Shandong Shanda Capital Operation Co., Ltd., held 29.58% of the shares[11] Government Support - The company received government subsidies amounting to CNY 1,659,167.74 during the reporting period[9] - Deferred income increased to ¥64.16 million from ¥48.27 million, a rise of 32.93% due to government subsidies received during the period[15] Inventory and Receivables - Accounts receivable notes rose to ¥29.80 million from ¥1.87 million, a significant increase of 1,496.49% attributed to the receipt of bank acceptance bills from customers[14] - Prepayments increased to ¥35.46 million from ¥7.33 million, reflecting a rise of 383.65% due to increased business procurement prepayments[15] - Inventory grew to ¥68.22 million from ¥24.08 million, a change of 183.33% primarily due to unaccepted large integrated projects[15] - The company's reported a decrease in accounts receivable to CNY 131,234,436.35 from CNY 182,091,880.49, a decline of 28.0%[26] - Inventory increased to CNY 68,923,850.15 from CNY 23,970,958.09, marking a growth of 187.4%[26] Market Outlook - The company expects to achieve profitability in the second quarter, following a period of slowed project progress due to the COVID-19 pandemic[18] Other Financial Metrics - Cash and cash equivalents increased to ¥521.78 million from ¥101.10 million, a change of 416.10% due to the redemption of structured deposits[14] - Cash and cash equivalents increased significantly to CNY 519,707,240.19 from CNY 98,539,174.37, representing a growth of 426.5%[26] - The cash and cash equivalents at the end of Q1 2021 were ¥512,859,758.89, an increase from ¥299,672,858.05 at the end of Q1 2020[41] - The company reported a gross profit margin of approximately 67.4% in Q1 2021, compared to 53.8% in Q1 2020, reflecting improved cost management[35] - The company generated ¥90,183,940.60 in cash from sales in Q1 2021, a significant increase from ¥54,770,294.43 in Q1 2020[40] Accounting Standards - The company did not apply the new lease accounting standards for the year 2021[45] - The audit report for the first quarter of 2021 is not applicable[46]
山大地纬(688579) - 2021 Q1 - 季度财报