AXNMC(SH:600255)2021-04-26 16:00Financial Performance - Operating revenue increased by 55.57% to CNY 666,222,273.35 year-on-year[5] - Net profit attributable to shareholders was CNY 21,593,660.58, a significant recovery from a loss of CNY 42,898,310.43 in the same period last year[5] - The company reported a basic earnings per share of CNY 0.01, recovering from a loss of CNY -0.02 in the previous year[5] - The net profit for Q1 2021 was CNY 31,109,966.79, compared to a net loss of CNY 43,251,102.53 in Q1 2020, indicating a significant turnaround[23] - The total comprehensive income for Q1 2021 was CNY 28,190,804.04, compared to a total comprehensive loss of CNY 41,394,373.83 in Q1 2020[25] Assets and Liabilities - Total assets decreased by 4.28% to CNY 3,000,320,023.59 compared to the end of the previous year[5] - The company's total assets as of March 31, 2021, were CNY 1,670,156,329.73, down from CNY 1,797,802,994.48 at the end of 2020[21] - The company’s total liabilities decreased to CNY 760,347,175.20 in Q1 2021 from CNY 910,085,567.36 in Q4 2020, showing a reduction of 16.5%[21] - The company’s total liabilities included short-term borrowings of CNY 375,456,212.78 and accounts payable of CNY 58,789,635.36[38] - Total liabilities amounted to CNY 1,710,330,812.61, with current liabilities at CNY 1,673,165,739.41[39] Cash Flow - Net cash flow from operating activities was negative at CNY -98,925,232.98, a decline of 181.68% compared to the previous year[5] - The cash flow from operating activities for Q1 2021 was a net outflow of CNY 98,925,232.98, compared to a net inflow of CNY 121,107,209.76 in Q1 2020[32] - The company reported a cash inflow from financing activities of CNY 140,978,516.57 in Q1 2021, contrasting with a net outflow of CNY 124,724,576.43 in Q1 2020[32] - The company’s cash inflows from financing activities in Q1 2021 were CNY 147,997,421.72, significantly higher than CNY 83,162,251.42 in the previous year[35] - The company experienced a net increase in cash and cash equivalents of CNY 2,397,065.36 in Q1 2021, contrasting with a decrease of CNY -1,243,617.82 in Q1 2020[35] Expenses - Operating costs increased to ¥577,247,571.41, up 45.04% from ¥397,988,327.44 in the same period last year, also driven by higher sales volume[12] - R&D expenses rose to ¥24,159,118.91, a 44.21% increase from ¥16,752,587.28, reflecting increased investment in research and development[12] - The net profit for the period was impacted by a 416.21% increase in income tax expenses, totaling ¥2,919,162.75 compared to ¥565,502.57 in the previous year[12] - The company incurred financial expenses of CNY 4,375,198.52 in Q1 2021, up from CNY 652,401.61 in Q1 2020[28] Shareholder Information - The number of shareholders reached 118,344, with the largest shareholder holding 10% of the shares[9] - The weighted average return on equity increased by 6.01 percentage points to 1.79%[5] Government Subsidies and Other Income - The company recognized government subsidies of CNY 876,156.92 related to normal business operations[6] - Cash received from tax refunds increased by 161.69% to ¥12,033,709.07 compared to ¥4,598,420.86 in the previous year[13] Inventory and Prepayments - Prepayments decreased by 54.91% to CNY 74,776,159.74 due to reduced advance payments for goods[11] - The company reported a decrease in inventory to CNY 82,356,501.88 in Q1 2021 from CNY 78,282,926.82 in Q4 2020, indicating a slight increase of 3.0%[20] Construction and Investment - Construction in progress increased by 49.13% to CNY 7,578,535.37 due to increased investment in the Guangxi Xinke project[11] - The company raised CNY 35,940,000.00 from investment activities in Q1 2021, while cash outflows for investment activities were CNY 402,700.00[35] Changes in Accounting Standards - The company implemented a new leasing standard starting January 1, 2021, affecting financial statement disclosures[40] - The company has no applicable new leasing standard adjustments for the parent company[44]