OPTOWIDE(SH:688195)2021-04-27 16:00Financial Performance - Operating income rose by 15.72% to CNY 56,510,348.18 year-on-year[5] - Net profit attributable to shareholders decreased by 42.92% to CNY 7,596,518.53 compared to the same period last year[5] - Basic and diluted earnings per share decreased by 42.86% to CNY 0.08[5] - The company reported a gross profit margin of approximately 31.5% for Q1 2021, down from 43.1% in Q1 2020[20] - The total comprehensive income for Q1 2021 was CNY 7,596,518.53, compared to CNY 13,308,043.17 in Q1 2020[21] Assets and Liabilities - Total assets increased by 64.18% to CNY 1,043,530,494.87 compared to the end of the previous year[5] - Current assets totaled ¥665,386,002.05, significantly higher than ¥296,310,697.87 at the end of 2020, marking a 124.5% increase[16] - Total liabilities increased to CNY 221,016,807.78, slightly up from CNY 220,734,797.76 at the end of 2020[17] - The total liabilities increased due to the implementation of new leasing standards, resulting in lease liabilities of RMB 15.58 million[12] - Owner's equity increased to ¥822,513,687.09 from ¥414,877,779.55, indicating a growth of 98.2%[17] Cash Flow - Cash flow from operating activities increased by 73.71% to CNY 13,409,071.79 compared to the same period last year[5] - The net cash flow from operating activities for Q1 2021 was CNY 13,409,071.79, an increase of 74.8% compared to CNY 7,719,019.44 in Q1 2020[21] - The company's cash and cash equivalents increased significantly to approximately RMB 445.70 million, up 582.48% from RMB 65.31 million due to the increase in funds raised from the IPO[12] - The ending balance of cash and cash equivalents increased to CNY 415,615,554.20 from CNY 17,322,673.02 at the end of Q1 2020[22] - The net cash flow from financing activities reached CNY 397,976,207.86, significantly higher than CNY 9,798,125.00 in Q1 2020[22] Research and Development - R&D investment as a percentage of operating income increased by 60.59% to 10.92%[5] - Research and development expenses surged by 85.96% to RMB 6.17 million from RMB 3.32 million, indicating a significant increase in investment in R&D[13] - Research and development expenses increased to ¥6,173,102.58, representing a 86.5% rise from ¥3,319,610.46 in Q1 2020[20] Shareholder Information - The total number of shareholders reached 17,537 by the end of the reporting period[10] - The top shareholder, Yu Hongrui, holds 18.29% of the shares, totaling 23,660,000 shares[10] Operational Changes - The company reported a 42.81% increase in operating costs, amounting to RMB 38.67 million, driven by expanded sales and pre-production activities[13] - The company has not indicated any significant changes in its cumulative net profit forecast for the year[14] - The company plans to continue investing in new product development and market expansion strategies to drive future growth[20] Investment Activities - The company has optimized its investment structure, leading to a 25.12% improvement in net cash flow from investing activities, which was -RMB 55.23 million[13] - The company reported a net cash outflow from investment activities of CNY -55,232,168.09, an improvement from CNY -73,760,377.65 in Q1 2020[22] - Total cash inflow from investment activities was CNY 95,313,954.53, up from CNY 60,304,427.40 in the same period last year[22]