Infosec(SH:688201)2021-04-28 16:00Financial Performance - Operating revenue increased by 30.52% year-on-year to CNY 48,669,133.72[6] - Net profit attributable to shareholders was a loss of CNY 258,116.43, compared to a loss of CNY 7,343,030.18 in the same period last year[6] - The company reported a net loss attributable to shareholders of ¥258,116.43, an improvement from a loss of ¥7,343,030.18 in the same period last year[16] - The company reported a basic and diluted earnings per share of -CNY 0.0037 for Q1 2021, an improvement from -CNY 0.1051 in Q1 2020[27] - The net profit for Q1 2021 reached ¥9,013,470.86, compared to a net loss of ¥2,066,973.88 in the same period last year, marking a turnaround[29] - The company reported a total comprehensive income of ¥9,013,470.86 for Q1 2021, reversing the previous year's loss of ¥2,066,973.88[29] Cash Flow - The net cash flow from operating activities improved to a loss of CNY 19,400,868.38, compared to a loss of CNY 46,145,269.83 in the same period last year[6] - Cash received from sales and services surged by 107.12% to ¥84,694,870.37, reflecting improved cash collection management[17] - The net cash flow from operating activities was negative at -¥19,400,868.38, an improvement from -¥46,145,269.83 in Q1 2020[30] - The company received cash from operating activities totaling ¥95,960,982.05, compared to ¥49,435,114.78 in Q1 2020, showing strong cash inflow[30] - The net cash flow from operating activities in Q1 2021 was -CNY 26,419,739.61, slightly worse than -CNY 24,857,484.06 in Q1 2020[34] - The net increase in cash and cash equivalents for Q1 2021 was -CNY 25,363,758.44, compared to -CNY 5,977,587.86 in Q1 2020, indicating a decline in cash position[34] Assets and Liabilities - Total assets decreased by 6.49% from the end of the previous year to CNY 551,547,336.66[6] - The total assets decreased to CNY 525,417,072.99 from CNY 539,836,892.94 in the previous quarter[25] - Total current assets decreased to CNY 388,602,684.12 from CNY 424,533,113.67, representing a reduction of about 8.5%[20] - Total liabilities decreased to CNY 126,922,377.66 from CNY 161,894,767.04, reflecting a decline of approximately 21.6%[21] - Total liabilities decreased to CNY 88,901,327.16 from CNY 112,334,617.97 in the previous quarter[25] - Shareholders' equity totaled CNY 424,624,959.00, down from CNY 427,923,067.34, a decrease of about 0.7%[21] Research and Development - R&D expenditure accounted for 47.61% of operating revenue, a decrease of 2 percentage points compared to the previous year[6] - R&D expenses in Q1 2021 amounted to CNY 23,172,901.71, representing a 25.3% increase from CNY 18,498,265.24 in Q1 2020[26] - Research and development expenses increased to ¥9,631,368.94, up from ¥7,108,434.74 in Q1 2020, reflecting a focus on innovation[28] Shareholder Information - The total number of shareholders at the end of the reporting period was not disclosed[9] - The top three shareholders held a combined 58.42% of the shares, with the largest shareholder holding 33.50%[11] Government Support - The company received government subsidies amounting to CNY 4,865,178.74 during the reporting period[8] Inventory and Prepayments - Prepayments increased significantly by 220.39% to ¥10,103,760.00, attributed to increased R&D investments and fixed asset purchases[13] - The company reported a significant increase in prepayments to CNY 10,103,760.00 from CNY 3,153,545.24, an increase of about 220.5%[19] - Inventory increased to CNY 77,562,624.96 from CNY 68,228,909.19, representing an increase of approximately 13.4%[20] Financial Adjustments - The company's financial expenses improved significantly, showing a decrease of 108.79% to -¥26,744.37, mainly due to adjustments in foreign exchange gains and losses[15] - Deferred income decreased by 81.45% to ¥1,106,927.37, primarily due to the completion of domestic algorithm projects and high-performance signature projects[14] Other Financial Metrics - The company's investment income increased by 132.20% to ¥506,004.90, mainly due to higher purchases of wealth management products[15] - Total operating costs for Q1 2021 were CNY 62,190,142.12, up 21.4% from CNY 51,247,905.01 in Q1 2020[26] - Other income for Q1 2021 was CNY 14,066,802.11, significantly higher than CNY 6,638,474.35 in Q1 2020[26] - The company incurred sales expenses of ¥6,779,962.14 in Q1 2021, an increase from ¥5,596,057.83 in Q1 2020, reflecting higher marketing efforts[28] Audit and Compliance - The financial report for Q1 2021 was not audited, as stated in the documentation[35] - The company did not apply the new leasing standards in 2021, as indicated in the financial report[35]