OPTOWIDE(SH:688195)2021-04-27 16:00Financial Performance - Operating income rose by 15.72% to CNY 56,510,348.18 from CNY 48,834,559.44 in the same period last year[5] - Net profit attributable to shareholders decreased by 42.92% to CNY 7,596,518.53, down from CNY 13,308,043.17 year-on-year[5] - Basic and diluted earnings per share fell by 42.86% to CNY 0.08 from CNY 0.14[5] - The company reported a gross profit margin of approximately 31.5% for Q1 2021, compared to 44.5% 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 stood at ¥221,016,807.78, slightly up from ¥220,734,797.76 at the end of 2020[17] - The total liabilities increased significantly, with lease liabilities recorded at ¥15.58 million due to the implementation of new leasing standards[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 CNY 7,719,019.44 in 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 net cash flow from financing activities reached CNY 397,976,207.86, significantly higher than CNY 9,798,125.00 in Q1 2020[22] - 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] 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 ¥6.17 million, reflecting the company's increased 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 the same period last year[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 to ¥38.67 million, driven by expanded sales and pre-production activities[13] - The company has strengthened its collection efforts, resulting in a decrease in credit impairment losses[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 in the upcoming quarters[20] Investment Activities - 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] - 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] Leasing Standards - The company implemented a new leasing standard starting January 1, 2021, adjusting the financial statements for the cumulative impact without altering comparable period information[27] - For operating leases prior to the implementation date, the company measured lease liabilities at the present value of remaining lease payments discounted using the incremental borrowing rate as of the implementation date[27]