Infinova(SZ:002528)2021-04-27 16:00Revenue and Profitability - Revenue for Q1 2021 was CNY 769,410,393.61, an increase of 7.34% compared to CNY 716,771,598.57 in the same period last year[8] - Net profit attributable to shareholders was a loss of CNY 66,790,903.49, a decrease of 27.80% from a loss of CNY 52,262,874.14 year-over-year[8] - Basic and diluted earnings per share were both CNY -0.0557, a decline of 27.80% from CNY -0.0436 in the same period last year[8] - The company reported a total comprehensive loss of -57,469,925.13, compared to -33,647,755.25 in the previous period[66] - Total comprehensive income decreased to -17,048,456.69 from -10,807,965.64 year-over-year[73] Cash Flow - Net cash flow from operating activities improved to CNY 120,998,833.91, a significant increase of 197.72% compared to a negative cash flow of CNY 123,822,606.07 in the previous year[8] - The company's cash and cash equivalents increased by 51.08% to ¥848,029,114.20 from ¥561,326,172.49 due to increased sales receipts[22] - The net cash flow from financing activities turned positive at 82,899,709.52 compared to -133,140,468.74 in the previous period[80] - Cash inflow from operating activities increased to 1,394,529,568.39 compared to 888,991,033.18 in the previous period[78] - Net cash flow from investment activities improved to 164,953,665.23 from -95,848,202.51 year-over-year[84] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,786,661,735.36, reflecting a slight increase of 0.60% from CNY 7,740,212,104.67 at the end of the previous year[8] - The total liabilities amounted to CNY 4,042,284,953.76, compared to CNY 3,939,778,528.80 in the previous year, indicating an increase of about 2.6%[47] - The company's long-term borrowings increased to ¥1,165,928,186.00 from ¥1,010,991,199.35, indicating a rise in financing activities[41] - The total current liabilities decreased to CNY 3,328,344,235.61 from CNY 3,258,963,045.88, a reduction of about 2.1%[46] - Non-current liabilities totaled CNY 713,940,718.15, compared to CNY 680,815,482.92 in the previous year, showing an increase of about 4.9%[46] Shareholder Information - The company reported a total of 42,370 shareholders at the end of the reporting period[11] - The largest shareholder, Shenzhen Investment Holdings, held 26.35% of the shares, totaling 315,831,160 shares[12] - JHL INFINITE LLC and Jeffrey Zhao Huai Liu held 16.39% and 16.64% of the shares, respectively, with significant portions pledged[12][15] - The company did not engage in any repurchase agreements among the top 10 shareholders during the reporting period[19] Research and Development - Research and development expenses rose by 30.95% to ¥49,497,279.25 from ¥37,799,222.57 year-on-year[22] - Research and development expenses increased to 49,497,279.25 from 37,799,222.57, reflecting a focus on innovation[62] Inventory and Receivables - The company's inventory increased to CNY 5,022,984.86 from CNY 4,079,814.98, representing a growth of approximately 23.1%[48] - The accounts receivable decreased to CNY 172,504,287.30 from CNY 204,141,439.38, indicating a decline of about 15.5%[48] Financial Performance - Operating costs amounted to 2,020,533.27, down from 8,186,393.64 in the previous period[67] - The total operating profit was -65,923,608.18, worsening from -54,196,971.37 in the previous period[62] - The company incurred financial expenses of 14,207,643.50, a decrease from 22,558,543.47 in the previous period[62] - Other income for the period was 3,132,916.23, up from 2,343,602.92 in the previous period[62] Audit and Reporting - The first quarter report for 2021 was not audited[99]