HKHC(SH:600162)2021-04-29 16:00Financial Performance - Operating revenue surged by 145.30% to CNY 960.72 million year-on-year[6] - Net profit attributable to shareholders reached CNY 24.61 million, a significant recovery from a loss of CNY 38.96 million in the same period last year[6] - Basic and diluted earnings per share were CNY 0.0073, compared to a loss of CNY 0.0115 per share in the previous year[6] - The company reported a net profit margin improvement, with net profit for Q1 2021 reflecting a positive trend compared to the previous year[27] - The net profit for Q1 2021 was ¥2,059,154.67, a turnaround from a net loss of ¥60,965,268.00 in Q1 2020[30] - The profit attributable to shareholders of the parent company was ¥24,614,942.99 in Q1 2021, compared to a loss of ¥38,955,555.82 in the same period last year[30] - The company reported a significant increase in interest income, reaching ¥7,750,828.66 in Q1 2021, up from ¥5,148,040.27 in Q1 2020[29] - The total profit for Q1 2021 was ¥56,711,181.28, contrasting with a total loss of ¥72,096,139.88 in Q1 2020[29] Assets and Liabilities - Total assets increased by 7.88% to CNY 27.64 billion compared to the end of the previous year[6] - The total assets increased to ¥27,642,916,867.66, up from ¥25,623,925,893.49, indicating growth in the company's asset base[21] - The company’s total liabilities increased to ¥20,127,122,389.36, reflecting a rise in both current and non-current liabilities[21] - Total liabilities amounted to ¥21,963,596,011.84 as of March 31, 2021, compared to ¥19,950,357,312.34 at the end of 2020, reflecting an increase of about 10%[22] - The company's equity attributable to shareholders was CNY 5,316,511,066.49, with total equity at CNY 5,673,568,581.15[44] - Total liabilities reached approximately $6.68 billion, with current liabilities accounting for about $5.29 billion[48] Cash Flow - Net cash flow from operating activities was negative at CNY -634.13 million, compared to CNY -46.87 million in the same period last year[6] - Operating cash inflow for Q1 2021 was CNY 1,413,731,767.74, an increase of 14.4% compared to CNY 1,235,500,085.36 in Q1 2020[36] - Cash inflow from financing activities totaled CNY 1,913,279,257.64, significantly higher than CNY 744,414,491.67 in Q1 2020[37] - Net cash flow from financing activities improved to CNY 686,707,701.37 from CNY -941,547,445.22 year-over-year[37] - Total cash outflow from operating activities increased to CNY 2,047,865,805.95 from CNY 1,282,371,528.04 year-over-year[36] Shareholder Information - The total number of shareholders reached 62,130 by the end of the reporting period[10] - The largest shareholder, Southern Xiangjiang Group Co., Ltd., holds 38.89% of the shares, with 1.32 billion shares pledged[10] Investments and Partnerships - The company has established a partnership with Microsoft for cloud and mobile technology incubation, enhancing its innovation capabilities[15] - The company has ongoing investments in new technologies and product development, aiming to enhance market competitiveness[27] - Future outlook includes plans for market expansion and potential mergers and acquisitions to drive growth[27] Operational Metrics - Accounts receivable decreased by 51.57% to ¥14,188,836.13 due to the recovery of some receivables[13] - Prepayments increased significantly by 672.78% to ¥734,405,782.30 due to increased land payments[13] - Operating costs rose by 140.18% to ¥595,097,793.89, corresponding to the increase in recognized income[13] - The company reported a net loss from investments of ¥7,149,777.31, a 696.06% increase in losses compared to the previous period[13] Compliance and Standards - The company has implemented new leasing standards effective from January 1, 2021, impacting financial reporting[44] - The company adopted new leasing standards effective January 1, 2021, impacting financial reporting[49]