IBR(SZ:300675)2021-04-23 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥77,010,601.14, representing a 51.02% increase compared to ¥50,993,784.49 in the same period last year[8] - The net profit attributable to shareholders was -¥14,630,756.20, an improvement of 30.29% from -¥20,987,355.08 year-on-year[8] - The basic earnings per share for the period was -¥0.0998, an improvement of 30.29% from -¥0.1431 in the same period last year[8] - Net profit improved by 41.05% year-on-year, driven by increased gross profit from business growth[16] - The company reported a significant increase in sales expenses, which rose to CNY 10,872,304.61 from CNY 8,809,216.25, reflecting a growth of about 23.4%[42] - The company experienced a total comprehensive loss of CNY 11,917,344.90, compared to a loss of CNY 20,216,934.41 in the same quarter last year, marking a reduction of about 41.4%[44] Cash Flow and Liquidity - The net cash flow from operating activities was -¥48,325,871.77, a significant decline of 343.11% compared to -¥10,905,945.52 in the previous year[8] - Cash and cash equivalents decreased by 33.96% year-on-year, primarily due to increased operating cash outflows and the repayment of 20 million in current loans[16] - Cash flow from operating activities was CNY 70,428,431.06, compared to CNY 53,545,505.34 in the previous period, indicating an increase of approximately 31.3%[50] - The company reported a total cash and cash equivalents balance of 158,386,065.63 CNY at the end of the period, down from 241,360,212.83 CNY at the beginning of the period[52] - The company incurred a cash outflow of 248,000,000.00 CNY for debt repayment, compared to 50,000,000.00 CNY previously, indicating increased debt servicing[52] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,218,247,323.97, down 7.00% from ¥1,309,962,633.16 at the end of the previous year[8] - The net assets attributable to shareholders decreased by 2.91% to ¥488,911,155.77 from ¥503,541,912.51 at the end of the previous year[8] - Total liabilities decreased from CNY 783,165,927.56 to CNY 702,617,963.25, indicating a decrease of approximately 10.3%[35] - Owner's equity decreased from CNY 526,796,705.60 to CNY 515,629,360.72, reflecting a decline of about 2.2%[36] - Accounts receivable increased to 331,323,604.12 RMB from 322,491,461.71 RMB year-over-year[33] Government Support and Contracts - The company received government subsidies amounting to ¥3,698,145.46 during the reporting period[9] - The company has signed significant contracts, including a total contract amount of 399.57 million for the International Low-Carbon City project, with a completion progress of 84.96%[20] Investment and Fundraising - The total amount of raised funds for the quarter was 10,739.76 million RMB, with 122.69 million RMB invested during the reporting period[24] - Cumulative amount of raised funds used for projects reached 8,764.67 million RMB, with a utilization ratio of 0.00% for changes in purpose[24] - The company utilized 48,194,430.82 RMB of its own funds for pre-investment in fundraising projects before the funds were in place[25] - As of the end of the reporting period, the company used 21 million RMB of idle raised funds for cash management, purchasing bank financial products[25] Operational Strategy - The company plans to continue its development strategy and operational plans as disclosed in the 2020 annual report, focusing on technological innovation and market services[18] - The project "Online Operation Platform and Leisure System Construction" has a completion time adjusted to December 31, 2021, due to project iteration prerequisites and demand increases[24] Performance Indicators - The company maintained a steady increase in key performance indicators over the past three years, with annualized revenue growth of 31% compared to 2019[17] - The weighted average return on net assets was -2.95%, an increase of 1.62% from -4.57% year-on-year[8]