SM Micro(SH:688699)2021-04-22 16:00Financial Performance - Net profit attributable to shareholders increased by 392.30% to CNY 65,543,186.57 year-on-year[6] - Operating revenue grew by 134.93% to CNY 202,255,617.00 compared to the same period last year[6] - Basic earnings per share rose by 266.67% to CNY 0.88[6] - The company reported a total comprehensive income of ¥65,618,353 for Q1 2021, compared to ¥13,677,752 in Q1 2020, an increase of 380%[29] - Operating profit for Q1 2021 was ¥72,026,136, up from ¥14,115,750 in Q1 2020, representing a growth of 410%[28] - Net profit for Q1 2021 was ¥65,543,187, compared to ¥13,313,611 in Q1 2020, marking an increase of 393%[29] Revenue and Costs - Revenue for Q1 2021 reached ¥202,255,617.00, a 134.93% increase compared to Q1 2020, driven by strong market demand and rising product prices[15] - Operating costs rose by 93.40% to ¥112,226,928.53, correlating with the increase in revenue[15] - The total operating costs for Q1 2021 were ¥130,477,678, which is an increase of 86% from ¥70,132,003 in Q1 2020[27] - Cash received from sales increased by 76.96% to ¥95,996,204.73, driven by revenue growth and higher customer payments[16] Assets and Liabilities - Total assets increased by 5.45% to CNY 1,267,843,567.26 compared to the end of the previous year[6] - Current assets totaled CNY 1,075,965,241.75, compared to CNY 1,026,787,083.86, indicating an increase of about 4.80%[19] - Total liabilities remained relatively stable at CNY 116,404,007.82, slightly down from CNY 116,460,547.90[20] - The company’s total assets as of Q1 2021 were ¥1,225,290,680, an increase from ¥1,164,294,066 in the previous year[25] - Total liabilities as of Q1 2021 were ¥80,233,711, a decrease from ¥82,523,733 in the previous year[25] Shareholder Information - The total number of shareholders reached 5,708 by the end of the reporting period[12] - The largest shareholder, Shenzhen Mingwei Technology Co., Ltd., holds 40.66% of the shares[12] - Total equity increased to ¥1,145,056,970 in Q1 2021, up from ¥1,081,770,334 in Q1 2020, reflecting a growth of 6%[25] Cash Flow - The net cash flow from operating activities improved by 48.69%, reaching CNY -12,481,127.05[6] - Cash inflow from operating activities was CNY 97,339,966.25 in Q1 2021, compared to CNY 55,387,631.50 in Q1 2020, representing a 75.8% increase[33] - The net cash flow from investment activities was CNY 14,731,326.24 in Q1 2021, compared to -CNY 2,465,788.35 in Q1 2020, indicating a positive turnaround[34] Research and Development - Research and development expenses accounted for 5.32% of operating revenue, a decrease of 3.81 percentage points[6] - R&D expenses increased by 37.01% to ¥10,765,799.35, attributed to higher personnel costs and direct project investments[16] - R&D expenses in Q1 2021 amounted to ¥10,765,799, which is a 37% increase from ¥7,857,435 in Q1 2020[28]