BEKEN(SH:603068)2021-04-28 16:00Financial Performance - Operating revenue for the current period was ¥236,391,274.30, representing a significant increase of 74.4% year-on-year[7] - Net profit attributable to shareholders decreased by 35.23% to ¥10,141,766.12 compared to the same period last year[7] - Basic and diluted earnings per share were both ¥0.07, down 36.36% from ¥0.11 in the same period last year[7] - Net profit for Q1 2021 was ¥10,141,766.12, a decrease of 35.5% from ¥15,657,077.75 in Q1 2020[22] - Total revenue for Q1 2021 was ¥236,391,274.30, representing a 74.40% increase compared to ¥135,543,679.47 in Q1 2020, driven by a focus on the WIFI and Bluetooth markets[12] - Total revenue for Q1 2021 reached ¥236,391,274.30, a significant increase of 74.4% compared to ¥135,543,679.47 in Q1 2020[21] - Total operating expenses for Q1 2021 were CNY 97,359,906.55, up from CNY 43,406,730.68 in Q1 2020[23] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,178,913,022.94, a slight increase of 0.04% compared to the end of the previous year[7] - Total assets amounted to ¥2,178,913,022.94, slightly up from ¥2,178,008,125.71 at the end of 2020[16] - Total liabilities decreased to ¥180,488,780.14 from ¥189,616,751.58, showing improved financial stability[16] - Total liabilities increased to ¥169,403,962.97 from ¥128,028,631.02 in the previous year[20] - The total equity of the company as of March 31, 2021, was ¥1,992,736,280.42, compared to ¥1,983,816,964.89 at the end of 2020[20] - The total assets of the company as of Q1 2021 were ¥2,178,008,125.71, unchanged from the previous reporting period[33] - The total liabilities amounted to ¥189,616,751.58, remaining stable compared to the previous period[33] Cash Flow - The net cash flow from operating activities was negative at -¥6,022,076.14, a decline of 188.12% compared to the previous year[7] - Net cash flow from operating activities was negative at -¥6,022,076.14, a decline of 188.12% from ¥6,834,079.63, due to increased R&D investments and operating expenses[12] - Cash flow from operating activities was negative CNY 6,022,076.14, a decline from positive CNY 6,834,079.63 in Q1 2020[26] - The net cash flow from operating activities for Q1 2021 was ¥16,144,520.34, a significant increase from ¥739,299.57 in Q1 2020, representing a growth of approximately 2,080%[29] - The company reported a cash outflow of ¥282,142,096.84 for the net increase in cash and cash equivalents during Q1 2021[29] Research and Development - R&D expenses surged by 125.22% to ¥42,338,925.41 from ¥18,799,199.46, attributed to personnel expansion and integration of the Greek subsidiary[12] - Research and development expenses for Q1 2021 were ¥42,338,925.41, up from ¥18,799,199.46 in Q1 2020, indicating a focus on innovation[21] - Research and development expenses increased to CNY 32,275,532.58, up 111.3% from CNY 15,228,559.02 in Q1 2020[23] Shareholder Information - The number of shareholders at the end of the reporting period was 20,370[9] - The top shareholder, Beken Corporation, held 20.17% of the shares, totaling 30,340,103 shares[9] Legal Matters - The company is pursuing legal action against two entities for patent infringement, seeking damages of ¥98,113,882[12] Inventory and Other Assets - The company reported inventory valued at approximately $149.13 million, contributing to the overall asset structure[36] - Other receivables were recorded at approximately $1.04 million, indicating potential liquidity[36] - The company has a deferred income tax liability of approximately $6.93 million, reflecting future tax obligations[37] - The capital reserve stands at approximately $1.42 billion, indicating strong financial backing[37] - The company has no short-term borrowings, suggesting a conservative approach to debt management[37] - The total liabilities to equity ratio indicates a low leverage position, enhancing financial stability[37]