BPSemi(SH:688368)2021-04-29 16:00Financial Performance - In Q1 2021, the net profit attributable to shareholders increased by CNY 66.4253 million, a year-on-year growth of 2,424.30%[7]. - Total revenue for Q1 2021 reached CNY 407.51 million, representing a 124.24% increase compared to CNY 181.73 million in the same period last year[8]. - The gross profit margin improved from 23.86% to 37.37%, an increase of 13.51 percentage points[12]. - The weighted average return on equity rose to 5.23%, up by 4.99 percentage points from the previous year[8]. - Operating profit reached ¥76,313,775.95, up 2380.50%, driven by strong terminal market demand and optimized product structure[22]. - Net profit surged to ¥73,119,388.12, reflecting a 2568.61% increase attributed to robust market demand and improved gross margin[22]. - Basic earnings per share rose to ¥1.12, a 2700.00% increase due to higher net profit[23]. - Total profit amounted to ¥76,591,635.69, up 2411.50%, supported by strong market demand and product optimization[22]. - The company reported a total comprehensive income of ¥73,148,241.37 for Q1 2021, compared to ¥2,701,353.39 in Q1 2020, indicating a growth of 2705.0%[41]. Research and Development - Research and development expenses accounted for 12.69% of total revenue, an increase of 3.25 percentage points year-on-year[8]. - R&D expenses increased to ¥51,732,958.65, a rise of 201.66% due to increased share-based payment and personnel costs[22]. - Research and development expenses increased to ¥51,732,958.65 in Q1 2021, up from ¥17,149,701.58 in Q1 2020, marking a rise of 201.5%[39]. Cash Flow and Investments - The net cash flow from operating activities was CNY 21.40 million, a significant recovery from a negative CNY 45.03 million in the previous year[8]. - Cash inflow from operating activities in Q1 2021 was ¥362,053,402.46, a substantial increase from ¥115,329,692.98 in Q1 2020[45]. - Cash outflow for investment activities in Q1 2021 totaled ¥627,751,829.85, compared to ¥416,618,720.00 in Q1 2020, indicating increased investment activity[46]. - The net cash flow from investment activities for Q1 2021 was -¥153,680,801.10, a decline from a positive cash flow of ¥57,235,677.82 in Q1 2020[46]. Assets and Liabilities - The company's total assets and liabilities showed significant changes, with a notable increase in contract liabilities decreasing by 67.15% to ¥543,977.66[21]. - As of March 31, 2021, total assets amounted to ¥1,766,944,757.24, an increase from ¥1,627,590,561.92 as of December 31, 2020, representing a growth of approximately 8.5%[30]. - Total liabilities reached ¥393,261,252.60, compared to ¥351,067,891.75, showing an increase of about 12%[32]. - The company's equity attributable to shareholders rose to ¥1,350,469,057.01 from ¥1,258,967,839.77, an increase of approximately 7.3%[32]. - The company's total liabilities as of Q1 2021 amounted to ¥400,613,166.74, compared to ¥348,754,241.42 in Q1 2020, reflecting an increase of 14.9%[36]. Market and Sales Performance - Sales of general LED lighting driver products increased by 84.94%, while smart LED lighting driver products saw a growth of 197.66%[11]. - The revenue from smart LED lighting driver products constituted 44.45% of total operating income, an increase of 10.95 percentage points year-on-year[11]. - Cash received from sales increased to ¥359,210,203.35, a growth of 215.65% driven by higher sales volume[23]. Employee and Operational Adjustments - The number of employees and operational capacity were adjusted to meet the growing demand in the industry[21]. - Sales expenses increased by 93.59% to ¥9,853,922.44, largely due to an increase in share-based payment costs[21]. Stock and Equity - The company approved a stock incentive plan granting 287,500 restricted shares at ¥35.50 per share, representing 0.47% of total equity[24]. - The 2021 stock incentive plan includes 776,800 restricted shares, with 621,800 shares granted initially, accounting for 1.01% of total equity[26].