YXMC(SH:600213)2021-04-29 16:00Financial Performance - Net profit attributable to shareholders was CNY 1,139,420.32, a significant recovery from a loss of CNY 36,804,619.48 in the same period last year[7]. - Operating revenue increased by 4.99% to CNY 276,976,511.38 compared to CNY 263,820,364.87 in the previous year[7]. - Basic and diluted earnings per share improved to CNY 0.01 from a loss of CNY 0.17 in the same period last year[7]. - Net profit for Q1 2021 was CNY 1,230,561.13, recovering from a net loss of CNY 40,355,863.56 in Q1 2020[28]. - The company reported a gross profit margin of approximately -7.8% for Q1 2021, compared to -15.3% in Q1 2020[27]. - The total comprehensive income for Q1 2021 was ¥1,039,134.32, compared to a loss of ¥33,029,657.13 in Q1 2020[32]. Assets and Liabilities - Total assets decreased by 11.90% to CNY 3,669,984,365.12 compared to the end of the previous year[7]. - Total liabilities decreased to ¥3,562,363,082.33 from ¥4,060,067,879.58, reflecting a decrease in both current and non-current liabilities[19]. - The total assets as of the end of Q1 2021 were CNY 3,493,100,491.26, down from CNY 3,884,331,782.57 at the end of Q1 2020[23]. - Total liabilities decreased to CNY 3,482,861,274.38 in Q1 2021 from CNY 3,875,690,329.51 in Q1 2020[23]. - The total assets as of Q1 2021 amounted to ¥4,165,662,222.23, unchanged from the previous year[42]. - The total liabilities as of Q1 2021 were ¥4,060,067,879.58, remaining stable compared to the previous year[41]. Cash Flow - Net cash flow from operating activities decreased by 15.46% to CNY 134,142,980.35 compared to CNY 158,677,432.30 in the same period last year[7]. - Cash flow from operating activities for Q1 2021 was ¥134,142,980.35, down 15.5% from ¥158,677,432.30 in Q1 2020[34]. - Cash inflow from financing activities increased significantly to ¥170,350,000.00 in Q1 2021, compared to ¥92,000,000.00 in Q1 2020, marking an increase of 85.4%[37]. - The company’s net cash flow from financing activities was negative at -¥261,763,506.60 in Q1 2021, compared to -¥219,122,114.47 in Q1 2020, reflecting a worsening of 19.5%[37]. - The cash outflow from financing activities was ¥432,113,506.60 in Q1 2021, compared to ¥311,122,114.47 in Q1 2020, representing an increase of 38.8%[37]. Shareholder Information - The total number of shareholders reached 22,901 by the end of the reporting period[10]. - The largest shareholder, Weichai (Yangzhou) Yaxing Automobile Co., Ltd., holds 51.00% of the shares[11]. Research and Development - Research and development expenses rose by 39.64% to ¥13,885,202.09 due to higher salaries for R&D personnel and prototype costs[13]. - Research and development expenses increased to CNY 13,885,202.09 in Q1 2021, up 39.4% from CNY 9,943,303.73 in Q1 2020[27]. Government Subsidies and Other Income - The company received government subsidies amounting to CNY 4,898,700.00 related to its normal business operations[9]. - Other income increased by 67.91% to ¥5,382,904.13 driven by increased government subsidies[13]. - The company reported a non-operating income of CNY 1,306,120.00 during the reporting period[9]. Financial Expenses - Financial expenses decreased by 32.89% to ¥17,039,519.78 due to reduced interest expenses[13]. - The company incurred financial expenses of ¥15,649,801.63 in Q1 2021, a decrease of 32.9% from ¥23,362,350.92 in Q1 2020[31]. Credit and Impairment - Credit impairment losses surged by 127.33% to ¥16,408,896.96 as a result of reduced bad debt provisions[13].