汉马科技(600375) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter reached CNY 1,537,045,386.15, a 43.59% increase year-on-year [13] - The company reported a net loss attributable to shareholders of CNY -11,824,943.92, compared to a loss of CNY -109,682,900.48 in the previous year [7] - The weighted average return on equity improved by 3.42 percentage points to -0.50% [7] - The gross profit margin decreased as operating costs rose by 48.79% to CNY 1,409,984,159.99, driven by increased product sales [13] - Total revenue for Q1 2021 reached ¥1,537,045,386.15, a 43.5% increase compared to ¥1,070,472,504.50 in Q1 2020 [28] - Net loss for Q1 2021 was ¥10,861,690.06, compared to a net loss of ¥112,870,563.37 in Q1 2020, showing a significant reduction in losses [30] - The operating profit (loss) for Q1 2021 was -¥37,645,259.39, which is less than the loss of ¥72,645,938.58 in the same period last year [33] Cash Flow - Net cash flow from operating activities was negative at CNY -663,550,949.44, a decrease of 5,448.33% compared to the same period last year [14] - The cash flow from operating activities for Q1 2021 was -¥663,550,949.44, a significant decline from a positive cash flow of ¥12,406,691.58 in Q1 2020 [37] - Cash inflow from operating activities was approximately $637.14 million, up from $525.04 million in Q1 2020, representing a 21.3% increase [40] - Cash outflow from operating activities totaled approximately $1.31 billion in Q1 2021, compared to $668.49 million in Q1 2020, indicating a significant increase of 96.0% [40] - The net cash flow from operating activities was negative at approximately -$673.79 million in Q1 2021, worsening from -$143.45 million in Q1 2020 [40] - Cash inflow from financing activities reached approximately $867.32 million in Q1 2021, a substantial increase from $106.95 million in Q1 2020, marking a 712.5% rise [41] - The net cash flow from financing activities was approximately $702.14 million in Q1 2021, compared to $93.20 million in Q1 2020, reflecting a significant improvement [41] Assets and Liabilities - Total assets increased by 2.58% to CNY 12,950,285,019.14 compared to the end of the previous year [7] - The company's total assets rose from CNY 12,624,237,209.41 at the end of 2020 to CNY 12,950,285,019.14 by March 31, 2021, indicating an increase of approximately 2.6% [22] - Total liabilities increased from CNY 10,173,911,948.94 in December 2020 to CNY 10,510,876,170.00 by March 31, 2021, marking a rise of about 3.3% [21] - The company's inventory increased from CNY 1,921,305,999.82 in December 2020 to CNY 2,098,043,324.83 by March 31, 2021, reflecting a growth of approximately 9.2% [20] - The company's long-term borrowings surged from CNY 122,120,465.28 in December 2020 to CNY 876,151,875.00 by March 31, 2021, indicating a substantial increase [21] Shareholder Information - The number of shareholders reached 22,599, with the largest shareholder holding 15.24% of the shares [11] - The company received approval from the China Securities Regulatory Commission for a non-public issuance of A-shares on April 16, 2021, aimed at supplementing liquidity and repaying bank loans [16] Government Support - The company received government subsidies amounting to CNY 9,398,929.51, closely related to its normal business operations [6] Expenses - Research and development expenses for Q1 2021 were ¥41,439,481.73, up from ¥35,143,294.84 in Q1 2020, reflecting a 17.5% increase [30] - The company reported a significant decrease in non-operating expenses, which fell by 79.5% from CNY 1,274,808.58 to CNY 261,316.66, primarily due to reduced charitable donations [16] - Income tax expenses increased by 69.96% from CNY 1,237,115.53 to CNY 2,102,612.87, attributed to higher taxable income during the period [16] - The financial expenses for Q1 2021 were ¥15,763,298.62, compared to ¥10,736,571.02 in Q1 2020, indicating an increase in financial costs [33] Cash and Cash Equivalents - Cash and cash equivalents decreased from CNY 1,767,707,343.71 in December 2020 to CNY 1,516,583,293.90 by March 31, 2021, representing a decline of approximately 14.2% [19] - The company's cash and cash equivalents stood at ¥1,212,788,369.70 as of March 31, 2021, slightly down from ¥1,215,479,767.68 at the end of 2020 [25] - The total cash and cash equivalents at the end of Q1 2021 were ¥474,683,830.78, down from ¥621,920,056.90 at the beginning of the quarter [38] - The cash and cash equivalents at the end of Q1 2021 stood at approximately $329.62 million, up from $239.70 million at the end of Q1 2020, showing an increase of 37.5% [41] Other Financial Metrics - The company's retained earnings showed a negative balance of CNY -977,728,801.51 as of March 31, 2021, compared to CNY -965,903,857.59 at the end of 2020 [21] - The company reported a decrease in accounts payable to ¥1,083,349,995.57 in Q1 2021 from ¥1,443,527,284.86 in Q1 2020, a reduction of 25% [28] - Accounts receivable increased from CNY 2,266,382,228.45 in December 2020 to CNY 2,758,287,079.50 by March 31, 2021, reflecting a growth of about 21.7% [19]