EmbedWay(SH:603496)2021-04-26 16:00Financial Performance - Operating revenue for the reporting period reached approximately CNY 118.59 million, an increase of 117.89% year-on-year[10] - Net profit attributable to shareholders was approximately -CNY 19.69 million, an improvement of 19.35% compared to the same period last year[10] - The company anticipates significant growth in operating revenue and a substantial improvement in net profit for the first half of the year, driven by the gradual acceptance of 5G network visualization projects and a surge in domestic intelligent computing and networking business[22] - The company reported a net profit of ¥193,911,971.87, down from ¥210,859,939.99, indicating a decrease of about 8.00%[37] - The company reported a significant increase in cash outflow for employee payments, which rose to CNY 52,875,411.15 in Q1 2021 from CNY 31,071,207.55 in Q1 2020, marking an increase of about 70%[56] Cash Flow - The net cash flow from operating activities was approximately -CNY 83.25 million, a decline of 348.45% year-on-year[10] - The net cash flow from operating activities was negative at ¥-83,246,689.68, worsening from ¥-18,563,259.42, primarily due to increased procurement expenditures and year-end employee bonuses[19] - The net cash flow from investing activities was also negative at ¥-60,031,263.37, compared to a positive flow of ¥95,886,531.43, mainly due to no redemption of structured deposits and payments for stock repurchases[19] - The net cash flow from financing activities improved to ¥76,646,153.10 from ¥-3,010,994.73, primarily due to increased bank borrowings[19] - The total cash outflow from operating activities in Q1 2021 was CNY 231,877,636.27, compared to CNY 126,211,181.50 in Q1 2020, indicating a significant increase of about 83.7%[56] Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 1.16 billion, a decrease of 0.65% compared to the end of the previous year[10] - Total liabilities increased to ¥367,612,965.24 from ¥356,820,026.98, representing a growth of approximately 0.22%[32] - Current assets totaled ¥834,409,003.34, slightly down from ¥836,711,675.91, indicating a decrease of about 0.28%[36] - Total non-current assets amounted to ¥349,942,100.44, up from ¥345,020,078.45, which is an increase of around 1.00%[36] - Total liabilities reached $356,820,026.98, a decrease of $2,433,812.53 from the last reporting period[67] Shareholder Information - The number of shareholders at the end of the reporting period was 13,049[14] - Total equity attributable to shareholders decreased to ¥798,167,987.63 from ¥815,167,930.73, a decline of approximately 2.08%[32] - Shareholders' equity totaled $811,708,068.26, remaining unchanged from the previous period[67] Expenses - Operating costs rose to ¥74,164,730.26, reflecting an increase of 118.65% from ¥33,919,362.28, consistent with the revenue growth trend[19] - Research and development expenses increased by 35.33% to ¥41,637,043.57 from ¥30,766,850.74, primarily due to higher personnel costs and technology development expenses[19] - Sales expenses rose to ¥9,130,258.37 in Q1 2021, up from ¥4,676,356.04 in Q1 2020, marking an increase of 95%[42] Borrowings - Short-term borrowings increased by 56.11% to CNY 140.50 million, primarily due to new bank loans[16] - Long-term borrowings amounted to ¥913,000.00, all due within one year[19] - Long-term borrowings were recorded at $913,000.00, remaining stable compared to the previous period[67] Other Financial Metrics - The weighted average return on equity increased by 0.64 percentage points to -2.45%[10] - Basic earnings per share for Q1 2021 were -¥0.0990, compared to -¥0.1228 in Q1 2020[44] - Investment income surged by 714.84% to ¥1,740,766.11 from ¥213,631.86, mainly attributed to recognized investment income from joint ventures[19]