IECHO(SH:688092)2021-04-29 16:00Financial 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]