IECHO(688092)

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爱科科技(688092) - 2021 Q1 - 季度财报
2021-04-29 16:00
Financial Performance - Operating revenue for the first quarter was CNY 53,973,407.63, a 79.22% increase compared to the same period last year[6] - Net profit attributable to shareholders was CNY 8,641,472.40, reflecting a 42.08% year-over-year growth[6] - Basic and diluted earnings per share increased by 35.71% to CNY 0.19[7] - Total operating revenue for Q1 2021 reached ¥53,973,407.63, a 79.2% increase from ¥30,114,927.72 in Q1 2020[26] - Net profit for Q1 2021 was ¥8,641,472.40, representing a 42.0% increase compared to ¥6,081,950.61 in Q1 2020[28] - Total profit for Q1 2021 was ¥9,236,904.84, a 35.5% increase from ¥6,849,392.99 in Q1 2020[28] - Operating profit for Q1 2021 was ¥9,221,738.55, up 37.0% from ¥6,736,725.69 in Q1 2020[28] Assets and Liabilities - Total assets increased by 76.52% year-over-year, reaching CNY 591,731,685.89[6] - Cash and cash equivalents increased to RMB 339,522,891.36 as of March 31, 2021, up 496.83% from RMB 56,887,592.67 at the end of December 2020[14] - The company’s total liabilities increased significantly, with other payables rising by 456.11% to RMB 18,445,610.75, reflecting accrued unpaid expenses[15] - Current liabilities rose to ¥96,084,440.86 from ¥82,779,932.59, indicating an increase of about 16.5%[20] - Total liabilities amounted to ¥101,679,060.38, compared to ¥88,440,175.04, showing an increase of approximately 15%[21] Cash Flow - The net cash flow from operating activities was negative CNY 14,584,767.29, compared to negative CNY 5,423,778.75 in the same period last year[6] - The cash flow from operating activities for Q1 2021 was -14,584,767.29 RMB, compared to -5,423,778.75 RMB in Q1 2020, indicating a decline in operational cash flow[33] - Total cash inflow from operating activities in Q1 2021 was 69,684,763.41 RMB, up from 40,996,166.26 RMB in Q1 2020, representing a 70% increase[33] - Cash outflow from operating activities increased to 84,269,530.70 RMB in Q1 2021 from 46,419,945.01 RMB in Q1 2020, a rise of 81.5%[33] - The company received 255,192,588.18 RMB from financing activities in Q1 2021, a significant increase from 9,828,955.26 RMB in Q1 2020[34] Research and Development - Research and development expenses accounted for 11.00% of operating revenue, a decrease of 1.00 percentage point from the previous year[7] - Research and development expenses increased by 55.49% to RMB 5,774,730.47 in Q1 2021, up from RMB 3,713,905.38 in Q1 2020[15] Shareholder Information - The total number of shareholders at the end of the reporting period was 6,784[10] - The top ten shareholders held a combined 63.85% of the total shares[11] Other Financial Metrics - The weighted average return on net assets increased by 0.41 percentage points to 3.44%[7] - The company reported a government subsidy of CNY 81,966.09 related to its normal business operations[7] - Tax expenses for Q1 2021 were ¥595,432.44, down 22.4% from ¥767,442.38 in Q1 2020[28] - Other income for Q1 2021 was ¥1,210,955.07, a decrease of 44.4% from ¥2,178,680.66 in Q1 2020[26]
爱科科技(688092) - 2020 Q4 - 年度财报
2021-04-29 16:00
Financial Performance - The company reported a total distributable profit of RMB 127,135,350.99 as of December 31, 2020[6]. - The company's operating revenue for 2020 was ¥222,569,617.16, representing a year-on-year increase of 5.39% compared to ¥211,191,012.87 in 2019[22]. - The net profit attributable to shareholders for 2020 was ¥48,892,915.81, which is a 9.33% increase from ¥44,720,390.79 in 2019[22]. - The net cash flow from operating activities increased by 29.42% to ¥59,634,131.80 in 2020, up from ¥46,077,575.51 in 2019[22]. - The total assets at the end of 2020 were ¥335,229,808.33, reflecting a 3.98% increase from ¥322,409,706.70 at the end of 2019[22]. - The basic earnings per share for 2020 was ¥1.10, an increase of 8.91% compared to ¥1.01 in 2019[23]. - The gross profit margin for the year was 48.81%, maintaining a high level despite rising raw material costs[102]. - The company achieved a revenue of 223 million yuan, representing a year-on-year growth of 5.39%[87]. - The net profit attributable to shareholders reached 48.89 million yuan, with a year-on-year increase of 9.33%[87]. Dividend Policy - A cash dividend of RMB 2.50 per 10 shares (including tax) is proposed, amounting to a total distribution of RMB 14,789,598 based on a total share capital of 59,158,392 shares[6]. - The cash dividend payout ratio for the year is 30.25%[6]. - The company has a policy to distribute at least 10% of the annual distributable profits as cash dividends if conditions are met, with a cumulative cash distribution over the last three years not less than 30% of the average annual distributable profits[146]. - The company will conduct annual cash dividends, with the possibility of mid-term dividends based on current profitability and cash flow[148]. - The company’s available distributable profits as of December 31, 2020, were RMB 127,135,350.99[152]. Research and Development - The R&D expenditure as a percentage of operating revenue was 9.01% in 2020, up from 8.89% in 2019[23]. - R&D investment totaled ¥20,047,947.83, an increase of 6.76% from the previous year, representing 9.01% of operating revenue[64]. - The number of R&D personnel increased to 105, accounting for 31.44% of the total workforce[76]. - The total compensation for R&D personnel amounted to 1,662.89 million yuan, up from 1,293.93 million yuan in the previous period[76]. - The company has accumulated a total of 154 patents, with 98 granted, including 24 invention patents and 66 software copyrights[62]. Operational Risks and Governance - The report includes a detailed discussion of various operational risks and corresponding mitigation measures[4]. - The company received a standard unqualified audit report from Lixin Certified Public Accountants[5]. - There are no non-operating fund occupations by controlling shareholders or related parties[8]. - The company has not violated decision-making procedures for external guarantees[9]. - The board of directors and supervisory board members confirm the authenticity and completeness of the annual report[4]. Market and Product Development - The company focuses on high-end intelligent cutting equipment, leveraging core technologies in precision motion control, CAD/CAM, and machine vision[34]. - The main products include intelligent cutting devices, which are designed for various industries such as automotive, textiles, and advertising[35]. - The company has developed a range of intelligent cutting equipment, including high-speed large-format cutting devices and multi-layer cutting systems, catering to diverse market needs[36][37]. - The intelligent cutting equipment is expanding its material cutting capabilities to include advanced materials such as carbon fiber and aerospace materials, entering new industry applications[51]. - The company is exploring the potential of machine vision technology in intelligent manufacturing, particularly in automatic trajectory generation and image processing for cutting applications[68]. Financial Management and Investments - The company reported a 90.93% decline in net cash flow from investing activities, mainly due to investments in bank wealth management products[99]. - The company has invested a total of ¥90,000,000 in bank wealth management products, with an outstanding balance of ¥49,707,788.32[194]. - The company has engaged in multiple structured deposits with various banks, with amounts ranging from ¥4,000,000 to ¥20,000,000 and annualized returns between 2.70% and 3.50%[196]. - The company has a structured deposit of ¥19,707,788.32 with a return of 4.04% due to currency conversion rates[197]. Shareholder Commitments and Regulations - The company will strictly fulfill all public commitments made during the initial public offering process[180]. - The company commits to compensating public investors for direct losses incurred due to reliance on the commitments, with compensation amounts determined through negotiation or regulatory authority recognition[180]. - The company guarantees that there are no fraudulent activities in the public offering of stocks and listing on the Sci-Tech Innovation Board[170]. - The company will comply with the regulations of the Shanghai Stock Exchange regarding any share reduction activities[165]. - The company has established a commitment to maintain stable operations and control arrangements during share reductions[156].