MIHF(SH:600337)2021-04-25 16:00Financial Performance - Operating revenue for the first quarter reached CNY 1,175,178,952.25, a significant increase of 168.71% year-on-year[8] - Net profit attributable to shareholders was CNY 75,030,324.47, recovering from a loss of CNY 266,788,859.61 in the same period last year[8] - Basic earnings per share were CNY 0.05, recovering from a loss of CNY 0.16 per share in the previous year[8] - Operating profit for Q1 2021 was ¥88,909,165.32, recovering from a loss of ¥322,571,205.52 in Q1 2020[39] - Net profit for Q1 2021 was ¥74,366,433.88, compared to a net loss of ¥271,410,877.80 in the same period last year[39] - The company reported a total comprehensive income of ¥80,112,696.36 for Q1 2021, compared to a loss of ¥256,583,821.65 in the same quarter last year[39] - The company has shown a strong recovery in financial performance, indicating positive future outlook and potential for market expansion[39] Assets and Liabilities - Total assets increased by 24.83% to CNY 9,402,380,072.88 compared to the end of the previous year[8] - Total liabilities amounted to RMB 5,124,019,454.63, compared to RMB 3,267,664,600.51 at the end of 2020, marking an increase of around 56.7%[28] - Long-term borrowings rose by 53.48% to CNY 643,087,679.90, compared to CNY 419,010,889.91 at the end of the previous year[14] - The company's total equity attributable to shareholders was RMB 4,264,734,589.77, slightly up from RMB 4,249,953,373.98, showing a growth of approximately 0.3%[28] - The total current assets decreased from CNY 3,423,646,116.46 to CNY 3,382,239,525.61, reflecting a reduction of CNY 41,406,590.85[59] - Non-current assets increased significantly from CNY 3,735,101,989.75 to CNY 5,442,884,702.83, indicating an increase of CNY 1,707,782,713.08[60] Cash Flow - Net cash flow from operating activities improved to CNY 99,782,548.81, compared to a negative cash flow of CNY 121,909,845.09 in the previous year[8] - The cash flow from operating activities for Q1 2021 was approximately ¥99.78 million, compared to a negative cash flow of ¥121.91 million in Q1 2020[45] - The total cash inflow from financing activities in Q1 2021 was approximately ¥873.15 million, an increase from ¥611.21 million in Q1 2020[46] - Cash outflow from investing activities in Q1 2021 was CNY 91,030,738.42, significantly higher than CNY 43,713,679.25 in Q1 2020[52] Shareholder Information - The total number of shareholders reached 16,886 by the end of the reporting period[11] - The largest shareholder, Meike Investment Group Co., Ltd., holds 23.68% of the shares, with 385,577,250 shares pledged[12] Government Support and R&D - The company received government subsidies amounting to CNY 2,091,057.30 related to its normal business operations[10] - Research and development expenses remained stable at ¥18,974,469.81, compared to ¥18,965,228.73 in Q1 2020[38] Operational Changes - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The company is focusing on expanding its market presence and developing new products, although specific figures were not disclosed in the report[29] - The company is adjusting its financial statements in accordance with the new leasing standards effective from 2021[54] - The implementation of the new leasing standard resulted in adjustments to the financial statements, affecting the initial figures for prepaid accounts, right-of-use assets, and lease liabilities[58]