POWER HF(605100)2021-04-29 16:00Financial Performance - Operating revenue rose by 48.99% to CNY 477,222,244.16 year-on-year[6] - Net profit attributable to shareholders increased by 27.42% to CNY 58,289,988.77 compared to the same period last year[6] - The company reported a significant increase in net profit despite a decline in cash flow from operating activities[6] - Total operating revenue for Q1 2021 reached ¥477,222,244.16, a 49% increase from ¥320,308,176.96 in Q1 2020[30] - Net profit for Q1 2021 was ¥58,289,996.57, representing a 25% increase compared to ¥46,428,573.23 in Q1 2020[31] - Total comprehensive income for Q1 2021 was CNY 55,813,641.58, compared to CNY 41,952,337.89 in Q1 2020, representing a year-over-year increase of approximately 33.1%[36] Cash Flow - Net cash flow from operating activities decreased by 13.28% to CNY 85,083,083.03 compared to the previous year[6] - Net cash flow from operating activities for Q1 2021 was CNY 85,083,083.03, down from CNY 98,111,080.58 in Q1 2020, indicating a decrease of about 13.5%[38] - Cash inflow from operating activities totaled CNY 216,428,319.64 in Q1 2021, compared to CNY 197,410,531.36 in Q1 2020, reflecting an increase of approximately 9.1%[37] - Cash outflow from operating activities was CNY 131,345,236.61 in Q1 2021, up from CNY 99,299,450.78 in Q1 2020, which is an increase of about 32.3%[38] - Net cash flow from investing activities was negative CNY 38,911,485.50 in Q1 2021, worsening from negative CNY 14,692,635.22 in Q1 2020[38] - Net cash flow from financing activities was negative CNY 24,169,339.31 in Q1 2021, compared to a positive net flow of CNY 718,981.39 in Q1 2020[41] Assets and Liabilities - Total assets increased by 1.32% to CNY 2,254,276,618.00 compared to the end of the previous year[6] - Total liabilities decreased slightly to ¥460,506,898.74 from ¥465,195,688.80, a reduction of about 1.5%[25] - Current assets totaled ¥1,572,186,537.36, up from ¥1,551,992,770.40, indicating an increase of about 1.6%[24] - Cash and cash equivalents amounted to ¥577,582,294.18, up from ¥523,441,462.17, reflecting an increase of about 10.3%[27] - Total liabilities reached RMB 465,195,688.80, with current liabilities at RMB 422,729,118.02 and non-current liabilities at RMB 42,466,570.78[45] Shareholder Information - The total number of shareholders reached 13,618 at the end of the reporting period[12] - The largest shareholder, Engineus Power Holding Inc., holds 51.90% of the shares[12] Research and Development - R&D expenses surged by 174.39% to ¥10,314,485.41 from ¥3,758,997.79, reflecting increased investment in R&D projects[18] - Research and development expenses increased to ¥10,314,485.41 in Q1 2021, up from ¥3,758,997.79 in Q1 2020, marking a 174% rise[30] Financial Ratios - The weighted average return on equity decreased by 2.26 percentage points to 3.30%[6] - Basic earnings per share decreased by 4.29% to CNY 0.67[6] - Basic earnings per share for Q1 2021 were ¥0.67, slightly down from ¥0.70 in Q1 2020[32] Other Financial Metrics - Non-recurring gains and losses totaled CNY 162,606.10 for the reporting period[10] - The financial expenses turned negative at -¥2,163,952.17, a decrease from ¥436,177.51, due to reduced bank loans and lower interest expenses[18] - The company's tax expenses increased by 34.13% to ¥12,133,276.76 from ¥9,046,172.35, driven by higher operating profits[18]