HAC(SH:600202)2021-04-26 16:00Financial Performance - Operating revenue for the first quarter was CNY 168,557,219.82, representing a year-on-year increase of 7.15%[5] - Net profit attributable to shareholders was CNY 5,663,662.41, up 7.98% from the same period last year[5] - The net profit for the period from the beginning of the year to the report date is CNY 5,600,980.55, with an expectation of profitability for the next reporting period[18] - Total revenue for Q1 2021 was CNY 168,557,219.82, an increase of 7.98% compared to CNY 157,303,941.05 in Q1 2020[32] - The net profit for Q1 2021 reached CNY 6,006,907.07, compared to CNY 5,366,201.88 in Q1 2020, indicating an increase of about 11.9%[38] - The total profit for Q1 2021 was CNY 6,006,907.07, compared to CNY 5,366,201.88 in Q1 2020, marking an increase of approximately 11.9%[38] - The total comprehensive income for Q1 2021 was CNY 5,984,940.51, compared to CNY 5,660,332.60 in Q1 2020, showing an increase of around 5.7%[38] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 2,324,780,525.01, an increase of 1.90% compared to the end of the previous year[5] - As of March 31, 2021, total assets amount to CNY 2,324,780,525.01, an increase from CNY 2,281,480,746.83 at the end of 2020[25] - Current assets total CNY 1,780,680,249.20, compared to CNY 1,696,401,332.89 at the end of 2020, reflecting a growth of approximately 4.94%[21] - Total liabilities amount to CNY 1,613,729,781.91, up from CNY 1,576,009,650.66, indicating an increase of approximately 2.4%[25] - Total liabilities increased to CNY 1,629,571,640.42 as of March 31, 2021, compared to CNY 1,591,169,861.58 at the end of 2020, reflecting an increase of 2.41%[29] - The company's total equity as of March 31, 2021, was CNY 710,142,114.65, slightly up from CNY 704,157,174.14 at the end of 2020, an increase of 0.70%[31] Cash Flow - The net cash flow from operating activities was negative CNY 134,063,224.57, a decrease of 85.71% compared to the previous year[5] - The company's operating cash flow for Q1 2021 was negative CNY 134,063,224.57, worsening from negative CNY 72,191,059.47 in Q1 2020[40] - Total cash and cash equivalents at the end of Q1 2021 were 103,265,754.72 RMB, down from 127,797,382.84 RMB at the end of Q1 2020, reflecting a decrease of approximately 18.9% year-over-year[45] - The company incurred total cash outflows from investing activities of 9,216,307.74 RMB in Q1 2021, significantly higher than 865,053.40 RMB in Q1 2020, resulting in a net cash flow from investing activities of -8,947,571.74 RMB[45] - Cash inflows from financing activities totaled 181,555,535.40 RMB in Q1 2021, compared to 197,119,833.33 RMB in Q1 2020, showing a decrease of about 7.9%[45] Shareholder Information - The number of shareholders at the end of the reporting period was 25,096, indicating a stable shareholder base[7] - The company's equity attributable to shareholders increased to CNY 710,821,734.25 from CNY 705,179,563.69, a slight increase of about 0.37%[25] Research and Development - Research and development expenses increased by 41.65% to CNY 4,035,149.68, indicating a focus on innovation[12] - Research and development expenses increased to CNY 4,035,149.68 in Q1 2021, up from CNY 2,848,586.26 in Q1 2020, representing an increase of 41.67%[32] - The company's research and development expenses for Q1 2021 were CNY 3,925,010.45, up from CNY 2,848,586.26 in Q1 2020, indicating a growth of about 37.9%[36] Legal Matters - The company is involved in an arbitration case with Ansaldo Energia S.p.A regarding a contract worth €17,008,000.00, which may impact future operations[14] - The company is involved in ongoing legal proceedings related to asset transfer disputes, which may impact future financial performance[15] Government Support - The company received government subsidies amounting to CNY 2,773,251.90, a significant increase of 220.24% compared to the previous year[12] Borrowings - Short-term borrowings rose by 36.09% to CNY 149,700,000.00, reflecting increased financing needs[11] - Short-term borrowings rose to CNY 149,700,000.00 from CNY 110,000,000.00, an increase of approximately 36%[25]