Eazytec(SH:688258)2021-04-27 16:00Financial Performance - Operating revenue rose by 56.18% to CNY 44,755,217.69 year-on-year[5] - Net profit attributable to shareholders increased by 87.40% to CNY 17,270,430.69 compared to the same period last year[5] - Basic earnings per share improved by 81.82% to CNY 0.20 per share[5] - The company's operating revenue for Q1 2021 was CNY 44,755,217.69, representing a 56.18% increase compared to CNY 28,656,496.57 in the same period last year, primarily due to growth in sales of cloud computing device firmware[13] - Operating profit for Q1 2021 was ¥19,889,377.36, up 103.3% from ¥9,755,032.59 in Q1 2020[25] - Net profit for Q1 2021 was ¥17,270,430.69, representing an increase of 87.5% compared to ¥9,215,726.13 in Q1 2020[25] - The company reported a total comprehensive income for Q1 2021 of CNY 3,909,927.25, reflecting a decrease of 39.1% compared to CNY 6,412,036.46 in Q1 2020[27] Cash Flow - The net cash flow from operating activities surged by 68.99% to CNY 8,999,311.72 year-on-year[5] - The net cash flow from operating activities was CNY 8,999,311.72, a 68.99% increase from CNY 5,325,388.08, driven by higher cash receipts from sales of goods and services[14] - Cash flow from operating activities increased to CNY 85,976,694.85 in Q1 2021, compared to CNY 50,572,813.22 in Q1 2020, representing a growth of 69.9%[29] - The company reported a net cash flow from investing activities of -CNY 67,284,711.74 in Q1 2021, a decline from a positive cash flow of CNY 1,438,473.11 in Q1 2020[30] - The company’s cash flow from financing activities was CNY 89,073,041.66, a substantial increase from CNY -6,545,724.05, attributed to increased bank borrowings[14] Assets and Liabilities - Total assets increased by 9.82% to CNY 1,105,147,461.40 compared to the end of the previous year[5] - The company’s inventory increased by 50.5% to CNY 20,338,829.68 from CNY 13,514,180.25, mainly due to an increase in contract performance costs[13] - Total current assets increased to ¥840,697,487.55 as of March 31, 2021, up from ¥810,395,463.54 at the end of 2020, representing a growth of approximately 10.5%[16] - Total liabilities increased to ¥185,799,574.39 from ¥104,206,047.04, representing a rise of about 78.4%[18] - Short-term borrowings rose significantly by 297.17% to CNY 120,492,708.33 from CNY 30,338,125.00, attributed to an increase in short-term bank loans[13] Shareholder Information - The total number of shareholders reached 7,499 at the end of the reporting period[10] - The largest shareholder, Xie Qian, holds 43.05% of the shares[10] - Total equity attributable to shareholders rose to ¥919,347,887.01 from ¥902,109,954.02, reflecting a growth of about 1.9%[18] Research and Development - R&D expenses as a percentage of operating revenue decreased by 3.94 percentage points to 19.11%[7] - Research and development expenses for Q1 2021 were ¥8,551,976.44, an increase of 29.5% from ¥6,603,902.72 in Q1 2020[24] Financial Expenses - The company’s financial expenses increased significantly, with a reported amount of CNY 435,447.63, compared to a negative CNY 165,035.68 in the previous year, due to increased interest expenses from bank loans[14] - The company reported a financial expense of ¥435,447.63 in Q1 2021, compared to a financial income of -¥165,035.68 in Q1 2020[24] Other Financial Metrics - Non-recurring gains and losses totaled CNY 5,680,254.35 for the period[9] - The company reported a 380.88% increase in income tax expenses, amounting to CNY 2,595,899.03, due to increased profits during the period[14] - The company’s other non-current assets surged by 824.35% to CNY 74,772,726.09 from CNY 8,089,222.91, primarily due to prepayments for property purchases by subsidiaries[13]