IReader Technology(SH:603533)2021-04-27 16:00Financial Performance - Operating revenue for the period was CNY 553,989,673.08, representing a 12.77% increase year-on-year[11] - Net profit attributable to shareholders increased by 14.71% to CNY 63,345,053.86 compared to the same period last year[11] - Basic earnings per share rose by 7.14% to CNY 0.15 per share[11] - Total revenue for Q1 2021 reached ¥553,989,673.08, an increase of 12.8% compared to ¥491,237,835.90 in Q1 2020[45] - Operating profit for Q1 2021 was ¥77,443,757.93, up from ¥63,843,537.88 in Q1 2020, reflecting a growth of 21.3%[45] - Net profit for Q1 2021 was ¥62,944,277.53, compared to ¥55,794,680.00 in Q1 2020, representing an increase of 12.9%[47] - Total comprehensive income for the first quarter of 2021 was ¥47,637,374.27, compared to ¥46,522,945.97 in the same period of 2020, reflecting a year-over-year increase[55] Assets and Liabilities - Total assets increased by 48.22% to CNY 3,385,895,826.28 compared to the end of the previous year[11] - Cash and cash equivalents increased to ¥2,285,909,573.09 from ¥1,291,384,613.59, a growth of 77.01% due to the arrival of funds from a private placement[21] - Total assets increased to ¥3,200,394,789.76 as of March 31, 2021, up from ¥2,126,462,566.28 at the end of December 2020, representing a growth of approximately 50.5%[39] - Total liabilities decreased slightly to ¥763,776,411.39 from ¥773,453,767.00, a reduction of approximately 1.7%[39] - Non-current liabilities totaled ¥34,782,085.29, up from ¥18,300,705.47, indicating a growth of approximately 90%[39] - The total liabilities rose from ¥836,591,829.35 to ¥850,985,665.96, an increase of ¥14,393,836.61[75] - Total liabilities increased to CNY 773,453,767.00 from CNY 787,184,739.14, an increase of CNY 13,730,972.14 attributed to the new leasing standard[82] Cash Flow - Cash flow from operating activities showed a significant decline of 178.87%, resulting in a net outflow of CNY 28,652,389.50[11] - Net cash flow from operating activities turned negative at -¥28,652,389.50 compared to ¥36,327,984.22, a decline of 178.87% attributed to increased employee compensation and promotional costs[21] - Cash inflow from operating activities amounted to ¥555,319,337.08, up from ¥455,873,924.27 in the first quarter of 2020, representing a growth of approximately 21.8%[59] - Cash outflow from investing activities totaled ¥634,476,520.34, leading to a net cash flow from investing activities of -¥629,856,520.34, compared to -¥144,860,365.89 in the previous year[61] - Cash inflow from financing activities was ¥1,045,436,416.83, with a net cash flow from financing activities of ¥1,042,229,644.38, indicating strong capital raising efforts[61] Shareholder Information - The total number of shareholders reached 39,944 by the end of the reporting period[14] - The top two shareholders, Zhang Lingyun and Cheng Xiangjun, collectively hold 43.93% of the company's shares[18] Expenses - Research and development expenses increased to ¥43,781,396.11 in Q1 2021, up from ¥35,244,609.65 in Q1 2020, marking a rise of 24.3%[45] - Sales expenses for Q1 2021 were ¥130,259,972.40, an increase from ¥116,793,811.29 in Q1 2020, which is a growth of 11.5%[45] - The tax expenses for Q1 2021 were ¥14,359,624.95, significantly higher than ¥5,694,563.51 in Q1 2020, showing an increase of 152.5%[47] Equity and Reserves - Net assets attributable to shareholders increased by 76.60% to CNY 2,540,660,662.85 compared to the end of the previous year[11] - Shareholders' equity totaled ¥2,436,618,378.37, up from ¥1,353,008,799.28, reflecting an increase of around 80.1%[41] - The capital reserve increased significantly to ¥1,369,339,584.43 from ¥369,535,586.42, representing a growth of about 270%[39] - The company reported a decrease in undistributed profits to CNY 511,106,091.42 from CNY 509,377,463.22, a decrease of CNY 1,728,628.20[85]