光智科技(300489) - 2020 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2020 was ¥29,611,834.84, representing a 30.35% increase compared to ¥22,716,341.63 in the same period last year[8] - Net profit attributable to shareholders was -¥4,616,747.19, an improvement of 56.04% from -¥10,501,132.53 year-on-year[8] - Basic earnings per share were -¥0.0509, a 56.01% improvement from -¥0.1157 in the same period last year[8] - The net profit decreased by 56.04% compared to the same period last year due to the impact of the pandemic[19] - The net loss for Q1 2020 was CNY 4,616,747.19, an improvement from a net loss of CNY 10,501,132.53 in Q1 2019, reflecting a reduction in losses by approximately 56.1%[46] - The total comprehensive loss for Q1 2020 was CNY -4,616,747.19, compared to CNY -10,501,132.53 in Q1 2019, indicating a decrease in comprehensive losses by approximately 56.1%[47] Cash Flow - Net cash flow from operating activities was -¥11,046,176.48, a decline of 168.27% compared to ¥16,179,769.37 in the previous year[8] - The cash flow from operating activities showed a net outflow of 11,046,176.48 CNY, a 168.27% decrease compared to the previous year, mainly due to higher sales receipts than procurement payments[18] - Total cash inflow from operating activities was 39,654,931.37 CNY, while cash outflow was 50,701,107.85 CNY, resulting in a net cash flow deficit[54] - Cash flow from investment activities showed a net outflow of -3,381,533.44 CNY, compared to a net inflow of 125,784.00 CNY in the previous period[55] - The company reported a cash flow deficit in operating activities, indicating challenges in maintaining positive cash flow amidst increased expenditures[54] Assets and Liabilities - Total assets at the end of the reporting period were ¥499,744,588.16, up 1.46% from ¥492,547,024.82 at the end of the previous year[8] - Current liabilities rose to CNY 110,329,220.80, up from CNY 97,904,427.07, indicating an increase of about 12.9%[38] - Non-current liabilities decreased slightly to CNY 39,919,497.49 from CNY 40,529,980.69, a decline of approximately 1.5%[38] - The company's total equity decreased to CNY 349,495,869.87 from CNY 354,112,617.06, a decline of approximately 1.3%[39] - Total liabilities amounted to CNY 138,434,407.76, with current liabilities at CNY 97,904,427.07 and non-current liabilities at CNY 40,529,980.69[61] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,760[12] - The largest shareholder, Yang Zhifeng, holds 20.50% of the shares, amounting to 18,600,000 shares, with 13,950,000 shares pledged[12] Research and Development - Research and development expenses dropped by 89.12% to 329,394.32 CNY, attributed to delays in project progress caused by the pandemic[18] - Research and development expenses decreased significantly to CNY 329,394.32 from CNY 3,028,619.09, a reduction of approximately 89.1%[45] Fundraising and Investments - The company plans to raise up to 43,890.315 CNY through a non-public offering of up to 24,302,500 shares, aimed at funding the "Infrared Optics and Laser Device Industrialization Project"[22] - The total amount of raised funds is CNY 162.03 million, with no new investments made in the current quarter[27] - The company has not changed the use of raised funds, with a cumulative investment of CNY 162.03 million[27] Operational Metrics - The company completed 16.46% of its annual revenue target of 179 million CNY in the first quarter[20] - The gross profit margin improved to 3.82%, an increase of 5.35% compared to the same period last year, driven by product structure optimization[19] - Total operating costs amounted to CNY 34,814,473.38, compared to CNY 33,312,541.41 in the previous year, indicating a rise of about 4.5%[45] Financial Stability - The company maintains a strong capital reserve of CNY 188,091,648.97, which supports its financial stability[61] - The company has a short-term loan of CNY 55,000,000.00, indicating reliance on external financing for operational needs[61] Other Financial Information - The company reported other income of CNY 1,046,267.49, up from CNY 608,267.49 in the previous year, marking an increase of about 72.1%[45] - The company experienced a decrease in financial expenses to CNY 979,079.84 from CNY 1,412,755.62, a decline of approximately 30.6%[45] - The company has not encountered any issues with the use and disclosure of raised funds[29]