Hunan (SH:600476)2021-04-26 16:00Financial Performance - Operating revenue surged by 206.63% to CNY 63,188,026.80 year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 4,129,585.94, an improvement from a loss of CNY 14,211,149.00 in the same period last year[6] - Revenue for Q1 2021 reached ¥63,188,026.80, a significant increase of 206.63% compared to ¥20,607,011.88 in the same period last year[15] - The company reported a net operating loss of ¥2,854,044.46 for Q1 2021, an improvement from a loss of ¥15,836,681.34 in Q1 2020[26] - The total comprehensive loss for Q1 2021 was CNY -4,129,585.94, compared to CNY -14,211,149.00 in Q1 2020, showing a notable improvement[30] - The company's operating revenue for Q1 2021 was CNY 63,188,026.80, a significant increase of 206.5% compared to CNY 20,607,011.88 in Q1 2020[29] - The net loss for Q1 2021 was CNY -4,129,585.94, an improvement from a net loss of CNY -14,211,149.00 in Q1 2020, representing a reduction of approximately 70.0%[29] Assets and Liabilities - Total assets increased by 5.42% to CNY 432,800,474.51 compared to the end of the previous year[6] - Total assets as of March 31, 2021, amounted to ¥432,800,474.51, compared to ¥410,545,443.73 at the end of 2020[19] - Current liabilities totaled ¥252,994,171.13, an increase from ¥229,189,364.13, reflecting higher operational obligations[19] - Total current liabilities increased to ¥256,995,462.81 from ¥233,190,655.81, reflecting a rise of 10.24%[24] - The company’s total liabilities stood at 229,189,364.13 RMB, remaining unchanged compared to the previous year[38] - The total liabilities amounted to CNY 255,668,199.89, with a total equity of CNY 166,734,932.16, resulting in total assets of CNY 422,403,132.05[45] Cash Flow - Cash flow from operating activities showed a significant negative change, with a net outflow of CNY 69,397,145.16 compared to a net inflow of CNY -488,447.98 last year[6] - Cash received from sales of goods and services was ¥30,504,447.93, up 65.48% from ¥18,434,137.03, indicating increased cash flow from operations[15] - The company's operating cash flow for Q1 2021 was CNY -69,397,145.16, compared to CNY -488,447.98 in Q1 2020, indicating a significant increase in cash outflow[31] - The total cash inflow from financing activities was 60,000,000.00 RMB, up from 20,000,000.00 RMB in the same period last year, reflecting a 200% increase[34] - The ending cash and cash equivalents balance decreased to 36,524,081.83 RMB from 45,366,684.36 RMB year-over-year, a decline of approximately 19.5%[32] Shareholder Information - The number of shareholders reached 21,469, with the top ten shareholders holding a combined 54.08% of shares[10] - The total equity attributable to shareholders decreased to ¥154,513,408.10 from ¥158,642,994.04, reflecting ongoing financial challenges[20] - The company’s total equity decreased to ¥162,605,346.22 from ¥166,734,932.16, a decline of approximately 2.59%[25] - The total equity attributable to shareholders was CNY 158,642,994.04, reflecting the company's ownership structure[43] Inventory and Costs - Inventory increased by 34.44% to CNY 63,375,228.22, attributed to unfinished projects[12] - Operating costs rose to ¥55,590,929.30, reflecting a 176.37% increase from ¥20,114,918.96, primarily due to higher sales volume[15] - Total operating costs for Q1 2021 were ¥71,717,056.29, up from ¥31,530,883.86 in Q1 2020, reflecting an increase of 128.50%[26] - Cash paid for purchasing goods and services surged to ¥51,609,843.33, a dramatic increase of 676.87% from ¥6,643,329.28, indicating significant investment in inventory[15] Government Support and Future Plans - The company received government subsidies amounting to CNY 1,594,800.00, which are closely related to its normal business operations[8] - The company plans to continue expanding its market presence and developing new technologies in the upcoming quarters[11]