CNLIGHT(SZ:002076)2021-04-27 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥45,175,835.82, representing an increase of 8.25% compared to ¥41,734,002.18 in the same period last year[7]. - The net profit attributable to shareholders was a loss of ¥16,028,162.44, a slight improvement of 3.52% from a loss of ¥16,612,871.82 in the previous year[7]. - The net cash flow from operating activities was negative at ¥3,787,986.55, a decrease of 130.74% compared to a positive cash flow of ¥12,323,972.14 in the same period last year[7]. - The weighted average return on net assets was -126.26%, a significant decline from -3.45% in the previous year[7]. - The net loss for Q1 2021 was CNY 15,264,866.72, compared to a net loss of CNY 15,834,534.26 in the same period last year[38]. - The total comprehensive income attributable to the parent company is -¥16,028,162.44, compared to -¥16,673,670.16 in the previous period[42]. Assets and Liabilities - Total assets at the end of the reporting period were ¥676,904,860.90, down 2.31% from ¥692,884,010.53 at the end of the previous year[7]. - The net assets attributable to shareholders decreased by 69.54% to ¥6,307,553.05 from ¥20,708,887.23 at the end of the previous year[7]. - Total liabilities increased to CNY 660,429,622.75 from CNY 652,903,499.52 at the end of 2020[34]. - Cash and cash equivalents amounted to CNY 8,955,464.93, compared to CNY 8,522,496.44 at the end of 2020[33]. - The company's total equity attributable to shareholders was CNY 6,307,553.05, down from CNY 20,708,887.23[34]. Cash Flow - Net cash flow from operating activities decreased by 130.74% year-on-year, primarily due to a decrease in cash received from sales of goods and services[17]. - Net cash flow from investing activities increased by 98.63% year-on-year, mainly due to a decrease in cash paid for other investment-related activities[17]. - Net cash flow from financing activities decreased by 103.16% year-on-year, primarily due to a decrease in cash received from borrowings[17]. - The total cash and cash equivalents at the end of the period are ¥25,050,101.67, down from ¥29,084,082.35 at the beginning of the period[47]. - The net cash flow from financing activities was -167,000.00 yuan, slightly worse than -159,514.29 yuan in the previous period[50]. Shareholder Information - The company has a total of 31,799 common shareholders at the end of the reporting period[11]. - The stock incentive plan approved in 2020 involves granting 15,000,000 restricted stocks, accounting for 1.96% of the total share capital[15]. - The company completed the registration of the restricted stock incentive plan on February 4, 2021, with a total of 15,000,000 shares granted to 11 individuals[16]. Expenses - Management expenses increased by 57.69% year-on-year, mainly due to an increase in stock-based compensation expenses[17]. - R&D expenses decreased by 51.25% year-on-year, primarily due to reduced R&D investment during the reporting period[17]. - The company reported a significant increase in financial expenses, with interest expenses rising to CNY 11,370,327.87 from CNY 9,674,874.78 in the previous period[37]. Other Financial Metrics - Other income increased by 134.79% year-on-year, mainly due to increased debt restructuring gains[17]. - Investment income increased by 100.31% year-on-year, primarily due to a decrease in long-term equity investment losses accounted for using the equity method[17]. - Credit impairment losses increased by 454.65% year-on-year, mainly due to an increase in bad debt provisions for accounts receivable[17]. - The company incurred financial expenses of ¥10,754,840.59, which includes interest expenses of ¥10,981,477.87, reflecting increased borrowing costs[40]. Audit and Reporting - The company did not undergo an audit for the first quarter report[52]. - The chairman of the company is Xian Shuzhong, who presented the report on April 27, 2021[53].