Financial Performance - Operating revenue increased by 115.21% to CNY 32,522,708.82 year-on-year[5] - Net loss attributable to shareholders was CNY -1,680,314.88, a decrease of 647.94% compared to the previous year[5] - The company's operating revenue for Q1 2021 was CNY 32,595,131.97, a 116.7% increase from CNY 15,056,218.57 in Q1 2020[30] - The net profit for Q1 2021 was a loss of CNY 1,680,314.88, compared to a profit of CNY 306,662.88 in Q1 2020[28] - The total profit for Q1 2021 was a loss of CNY 2,869,329.72, compared to a loss of CNY 46,395.50 in Q1 2020[30] Cash Flow - The company reported a net cash flow from operating activities of CNY -45,882,103.13, compared to CNY -29,312,695.65 in the same period last year[5] - The net cash flow from operating activities for Q1 2021 was -45,882,103.13 RMB, compared to -29,312,695.65 RMB in Q1 2020, indicating a decline of approximately 56.5% year-over-year[34] - Total cash inflow from operating activities was 121,579,358.04 RMB, up from 101,470,994.72 RMB in the previous year, representing an increase of about 19.9%[34] - Cash outflow from operating activities totaled 167,461,461.17 RMB, compared to 130,783,690.37 RMB in Q1 2020, reflecting a rise of approximately 28%[34] - The ending cash and cash equivalents balance was 131,612,139.84 RMB, down from 188,732,156.41 RMB at the beginning of the period, a decrease of approximately 30.2%[35] Assets and Liabilities - Total assets decreased by 6.95% to CNY 667,570,098.47 compared to the end of the previous year[5] - The company's total current assets decreased to ¥635,088,720.16 from ¥688,417,707.26, reflecting a reduction in cash and receivables[18] - Total liabilities decreased to CNY 274,944,867.96 in Q1 2021 from CNY 323,162,417.99 at the end of 2020, a reduction of 14.9%[20] - Current liabilities totaled CNY 274,938,770.60 in Q1 2021, down 15.0% from CNY 323,152,662.31 in Q4 2020[20] - The company's short-term borrowings decreased by 32.30% to ¥15,090,000.00 from ¥22,290,000.00, primarily due to repayment of due borrowings during the period[13] Research and Development - Research and development expenses accounted for 34.36% of operating revenue, down 2.85 percentage points from the previous year[7] - Research and development expenses increased to CNY 11,174,736.93 in Q1 2021, up 98.1% from CNY 5,622,658.34 in Q1 2020[30] Shareholder Information - The number of shareholders at the end of the reporting period was 80[10] - The largest shareholder, Zibo Zhiyang Holdings Co., Ltd., held 45.66% of the shares[11] Government Support - The company received government subsidies amounting to CNY 2,327,701.18 related to normal business operations[7] Other Financial Metrics - The weighted average return on net assets decreased by 0.53 percentage points to -0.43%[7] - The company's investment income decreased by 66.94% to ¥164,583.31 from ¥497,892.31, mainly due to reduced financial product purchases[13] - The company's deferred income decreased by 37.50% to ¥6,097.36 from ¥9,755.68, primarily due to the amortization of government grants related to assets[13] - The company reported other income of CNY 6,120,774.03 in Q1 2021, down from CNY 7,269,957.24 in Q1 2020[30]
智洋创新(688191) - 2021 Q1 - 季度财报