3PEAK(SH:688536)2021-04-27 16:00Financial Performance - The company achieved operating revenue of CNY 167.14 million, a year-on-year increase of 30.91%[16] - The net profit attributable to shareholders was CNY 31.14 million, a decrease of 27.69% compared to the previous year, primarily due to a significant increase in share-based payment expenses[16] - The gross profit margin for the company was 58.14%, a decrease of 3.09 percentage points from the previous year[17] - Basic and diluted earnings per share were CNY 0.39, down 45.83% from CNY 0.72 in the previous year[21] - The company reported a net profit of CNY 272.35 million, compared to CNY 242.73 million, representing a growth of about 12.2%[56] - Net profit for Q1 2021 was ¥31,136,840.66, a decrease of 27.7% compared to ¥43,063,032.68 in Q1 2020[64] - The total profit for the first quarter of 2021 was approximately ¥32.87 million, a decrease from ¥48.53 million in the same period of 2020, representing a decline of about 32.4%[71] Research and Development - Research and development expenses reached CNY 56.02 million, up 123.93% year-on-year, accounting for 33.52% of operating revenue, an increase of 13.92 percentage points[18] - The company successfully developed new products, including isolation products and high-precision DAC products, which have begun mass production[18] - R&D expenses surged by 123.93% to ¥56,022,266.85, reflecting increased investment in research and development[38] - Research and development expenses rose to ¥56,022,266.85 in Q1 2021, compared to ¥25,017,801.70 in Q1 2020, marking a 124.4% increase[62] Cash Flow and Liquidity - The company reported a net cash outflow from operating activities of CNY 87.15 million, compared to a net inflow of CNY 42.72 million in the same period last year[19] - The net cash flow from operating activities was negative at -¥87,151,432.43, a decline of 303.99% compared to ¥42,722,683.86 in the previous year[38] - Cash inflows from operating activities in the first quarter of 2021 totaled approximately ¥149.98 million, an increase from ¥140.53 million in the first quarter of 2020, marking a growth of about 6.4%[76] - Cash outflows from operating activities in the first quarter of 2021 were approximately ¥237.13 million, compared to ¥97.81 million in the same period of 2020, resulting in a net cash flow from operating activities of approximately -¥87.15 million[76] - The company reported a net cash flow from investing activities of ¥89,319,870.86, a significant improvement from -¥73,667,134.98 in the prior year[40] Assets and Liabilities - As of March 31, 2021, accounts receivable increased by 55.76% to CNY 117,945,310.99 compared to CNY 75,724,322.05 at the end of 2020, primarily due to increased revenue[34] - The company's inventory rose by 33.87% to CNY 95,142,130.13, reflecting an increase in stock to meet growing sales demand[34] - Total liabilities increased to CNY 112.62 billion, up from CNY 90.48 billion, representing a growth of approximately 24.4% year-over-year[56] - The company's total assets amounted to CNY 2.75 billion, up from CNY 2.67 billion, reflecting an increase of approximately 3.2%[56] - The total assets as of March 31, 2021, were ¥2,746,628,500.57, compared to ¥2,664,233,860.30 at the end of 2020[49] - The company's long-term payables decreased by 60.41% to ¥957,081.19 from ¥2,417,327.55, mainly due to reduced software procurement costs[38] Customer and Market Development - The company added over 100 new customers during the reporting period, including notable names such as Vertiv and Honor Technology[17] - The company is actively investing in new technologies and products, as indicated by the increase in other equity instrument investments to CNY 11,472,981.56[34] Compliance and Standards - The company implemented new leasing standards effective January 1, 2021, which did not significantly impact financial results[93] - The company is in compliance with the new leasing standards effective from 2021, with adjustments reflected in the financial statements[83]