中富通(300560) - 2021 Q1 - 季度财报

Revenue and Profit - Revenue for Q1 2021 was CNY 180,219,530.93, a decrease of 11.91% compared to CNY 204,577,475.01 in the same period last year[8] - Net profit attributable to shareholders was CNY 11,457,261.02, down 17.76% from CNY 13,931,218.46 year-on-year[8] - Basic earnings per share decreased by 28.57% to CNY 0.05 from CNY 0.07 in the previous year[8] - The company achieved operating revenue of 180.2195 million yuan in the first quarter, a decrease of 11.91% year-on-year, and the net profit attributable to shareholders of the parent company was 11.4573 million yuan, down 17.76% year-on-year[18] - The total comprehensive income attributable to the parent company was CNY 11,262,884.37, a decrease from CNY 14,008,840.09 in the previous period, representing a decline of approximately 19.4%[40] Cash Flow - Net cash flow from operating activities was CNY -421,634,844.75, a significant decline of 693.52% compared to CNY -53,134,421.41 in the same period last year[8] - The net cash flow from operating activities for the year-to-date was -420.6348 million yuan, a decrease of 693.52% compared to the same period last year, primarily due to payments for goods related to the sales of communication terminals and electronic products[17] - The net cash flow from financing activities for the year-to-date was 60.3947 million yuan, an increase of 194.87% year-on-year, mainly due to loans taken by a subsidiary from a bank[17] - The net cash flow from financing activities was 10,978,130.01 CNY, compared to 15,605,468.92 CNY in the previous year[46] - Total cash outflow from operating activities amounted to 551,239,839.91 CNY, up from 176,849,907.79 CNY year-over-year[46] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,983,750,987.37, an increase of 0.34% from CNY 1,976,934,548.76 at the end of the previous year[8] - The company's total assets amounted to CNY 1,863,825,911.07, slightly down from CNY 1,881,256,971.54 at the end of the previous period[36] - Total liabilities decreased slightly to CNY 907,866,518.66 from CNY 912,014,616.18, indicating a reduction of about 0.5%[32] - The company's long-term borrowings reached 120.7144 million yuan, an increase of 70.71% compared to the beginning of the period, mainly due to loans taken by a subsidiary from a bank[16] - The company's long-term borrowings rose to CNY 120,714,371.51 from CNY 70,714,371.51, marking an increase of about 70.7%[32] Receivables and Expenses - Accounts receivable increased by 36.96% to CNY 112,779,200.00, primarily due to ongoing channel sales activities[15] - Prepaid expenses rose by 56.68% to CNY 18,103,000.00, mainly due to payments for equipment purchases and outsourced R&D expenses[15] - Other receivables increased by 56.80% to CNY 48,405,100.00, attributed to project bidding and performance guarantee deposits[15] - The company's financial expenses for the reporting period were 6.1679 million yuan, an increase of 32.75% year-on-year, mainly due to exchange losses caused by currency fluctuations[16] - Research and development expenses for Q1 2021 were CNY 4,136,352.89, a decrease of 28.0% from CNY 5,738,911.24 in Q1 2020[39] Cash and Equivalents - Cash and cash equivalents decreased by 68.35% to CNY 164,149,100.00, primarily due to payments for project procurement and costs[15] - The company's cash and cash equivalents dropped to CNY 164,149,058.43 from CNY 518,584,744.05, a decrease of approximately 68%[30] - Cash inflow from financing activities was 109,416,380.00 CNY, slightly down from 118,950,000.00 CNY year-over-year[46] - The ending balance of cash and cash equivalents was 25,819,393.08 CNY, a decrease from 20,249,750.78 CNY year-over-year[46] Impairment and Losses - The company reported a credit impairment loss of -4.0457 million yuan, an increase of 167.54% year-on-year, primarily due to an increase in accounts receivable compared to the beginning of the period[16] - The company reported a credit impairment loss of CNY -4,045,672.25, worsening from CNY -1,512,166.73 in Q1 2020[39] - The company reported a credit impairment loss of CNY -3,828,626.46, compared to CNY -728,578.04 in the previous period, indicating a significant increase in credit losses[40] Other Financial Metrics - The company had a weighted average return on equity of 1.07%, down from 2.38% in the previous year[8] - Other income for the reporting period was 0.4196 million yuan, a decrease of 44.91% year-on-year, mainly due to a reduction in government subsidies received compared to the previous year[16] - The company's current assets decreased to CNY 1,454,326,560.55 from CNY 1,473,250,859.63, reflecting a decline of approximately 1.3%[30] - The company's inventory increased slightly to CNY 44,669,515.33 from CNY 38,920,176.06, a rise of approximately 14.2%[30] Reporting and Compliance - The company reported no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[25] - The company did not undergo an audit for the first quarter report[48] - The report was released on April 29, 2021, by the Board of Directors[48]