LME(SH:688589)2021-04-22 16:00Financial Performance - Operating revenue for the period reached CNY 40,861,255.18, representing a significant increase of 96.09% year-on-year [5]. - Net profit attributable to shareholders of the listed company was CNY 1,282,601.14, an increase of 138.51% compared to the same period last year [5]. - The company reported a net profit excluding non-recurring items of CNY 1,282,601.14, an increase of 138.51% year-on-year [7]. - The basic earnings per share were CNY 0.01, a 120.00% increase from a loss of CNY 0.05 per share in the same period last year [5]. - The company reported a net profit of CNY 129,099,327.10 for the first quarter of 2021, compared to CNY 128,627,378.86 in the previous period, indicating a slight increase of 0.37% [27]. - The company achieved an operating profit of ¥693,190.60 in Q1 2021, a turnaround from an operating loss of ¥2,687,684.11 in Q1 2020 [29]. Cash Flow and Liquidity - The net cash flow from operating activities improved by CNY 38,094,400, up 92.95% year-on-year, primarily due to increased cash receipts from sales [7]. - In Q1 2021, the company reported cash inflow from operating activities of ¥44,979,235.21, an increase of 40.4% compared to ¥32,060,197.54 in Q1 2020 [34]. - The cash outflow from operating activities was ¥47,867,087.39, down 34.5% from ¥73,042,456.84 in the same period last year [34]. - The net cash flow from operating activities improved to -¥2,887,852.18, a significant reduction from -¥40,982,259.30 in Q1 2020 [34]. - The company experienced a net decrease in cash and cash equivalents of -¥324,293,975.08 during the quarter [35]. - Cash and cash equivalents decreased to CNY 103,305,217.72 from CNY 422,272,189.95, a significant decline of approximately 75.5% [25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 799,961,559.20, a decrease of 0.65% compared to the end of the previous year [5]. - Total current assets were CNY 747,235,952.99, down from CNY 759,251,475.68, representing a decrease of about 1.6% [25]. - The total liabilities decreased to CNY 82,651,798.55 from CNY 89,211,831.87, a reduction of approximately 7.5% [23]. - Current liabilities totaled CNY 80,545,224.15, down from CNY 87,335,287.36, indicating a reduction of about 7.5% [23]. - Non-current liabilities increased to CNY 2,106,574.40 from CNY 1,876,544.51, reflecting an increase of approximately 12.2% [23]. - Owner's equity as of March 31, 2021, was CNY 717,309,760.65, slightly up from CNY 716,022,175.11, showing a growth of about 0.18% [23]. Research and Development - Research and development expenses accounted for 27.81% of operating revenue, a decrease of 18.66 percentage points compared to the previous year [5]. - R&D expenses increased to ¥11,365,358.46 in Q1 2021, representing a 17.4% rise from ¥9,683,794.85 in Q1 2020 [28]. - Non-recurring gains and losses included CNY 1,033,732.82 from government subsidies related to research and development [10]. Market Outlook and Strategy - The company expects to maintain a positive outlook for the upcoming quarters, with a focus on expanding its market presence and enhancing product offerings [20]. - The company has not reported any significant changes in its commitments or major unresolved issues during the reporting period [19].