XEMC(SH:600416)2021-04-12 16:00Financial Performance - Operating income for the period was approximately CNY 1.17 billion, representing a year-on-year increase of 36.90%[4]. - Net profit attributable to shareholders of the listed company was approximately CNY 30.41 million, a significant turnaround from a loss of CNY 71.93 million in the same period last year, marking a 142.28% increase[4]. - Basic earnings per share were CNY 0.03, compared to a loss of CNY 0.08 per share in the same period last year, reflecting an improvement of CNY 0.11[4]. - The company expects a significant increase in net profit compared to a loss of CNY 190 million in the same period last year, driven by improved core business performance and cost reduction measures[17]. - Total operating revenue for Q1 2021 reached ¥1,165,255,776.47, a 37% increase from ¥851,198,424.07 in Q1 2020[26]. - Net profit for Q1 2021 was ¥46,087,667.16, a significant recovery from a net loss of ¥55,386,843.76 in Q1 2020[27]. - The total comprehensive income for Q1 2021 was a loss of RMB 1,686,827.00, compared to a loss of RMB 124,998,915.26 in Q1 2020[29]. Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 12.73 billion, a decrease of 0.07% compared to the end of the previous year[4]. - The company's total current assets as of March 31, 2021, were CNY 9,099,090,093.46, slightly up from CNY 9,066,778,657.28 at the end of 2020[19]. - Total liabilities decreased to ¥8,322,730,634.50 from ¥9,430,310,783.15, reflecting a reduction in debt levels[21]. - Current liabilities decreased to ¥7,497,138,981.02 from ¥8,558,559,965.44, indicating improved liquidity[20]. - Non-current liabilities totaled ¥825,591,653.48, down from ¥871,750,817.71[21]. Cash Flow - The net cash flow from operating activities was approximately CNY 349.62 million, a substantial increase of 1,280.79% compared to the previous year[4]. - Cash flow from operating activities for Q1 2021 was RMB 349,619,222.97, significantly improved from RMB 25,320,153.30 in Q1 2020[31]. - Cash inflow from financing activities amounted to ¥2,353,537,862.75, compared to ¥2,049,300,000.00 in Q1 2020[31]. - Cash inflow from investing activities amounted to ¥162,129,494.00, with a net cash flow from investing activities of ¥123,806,634.96, compared to a negative cash flow of -¥17,096,871.81 in Q1 2020[32]. Shareholder Information - The company had a total of 21,061 shareholders at the end of the reporting period[7]. - The top three shareholders held a combined total of 56.57% of the shares, with Hunan Xingxiang Investment Holding Group Co., Ltd. holding 19.56%[7]. Expenses - Research and development expenses decreased by 47.80% to CNY 18,972,790.52 compared to CNY 36,344,400.93 in the previous year[13]. - Financial expenses decreased by 40.58% to CNY 40,413,887.38, attributed to reduced loan scale and interest rates[13]. - Sales expenses decreased to RMB 12,755,488.01 in Q1 2021 from RMB 14,526,495.92 in Q1 2020, a reduction of 12.1%[28]. - The company reported a significant decrease in credit impairment losses, with a loss of RMB 19,690,327.95 in Q1 2021 compared to a loss of RMB 46,592,423.49 in Q1 2020[28].