HIKING(SH:600735)2021-04-29 16:00Financial Performance - Operating revenue for the period was CNY 327,438,311.03, representing a 10.01% increase year-on-year[6] - Net profit attributable to shareholders was CNY 11,038,809.50, up 2.58% from the same period last year[6] - The company reported a decrease of 2.30% in net profit after deducting non-recurring gains and losses, totaling CNY 10,613,005.74[6] - Operating profit for Q1 2021 was ¥21,825,159.64, down 23.8% from ¥28,649,164.69 in Q1 2020[27] - Net profit for Q1 2021 was ¥17,145,791.28, a decrease of 11.4% compared to ¥19,363,870.36 in Q1 2020[27] - The total comprehensive income attributable to the parent company for Q1 2021 was CNY 16,303,242.38, compared to CNY 9,364,671.46 in Q1 2020, representing an increase of approximately 74.5%[28] - The net profit for Q1 2021 was a loss of CNY 1,473,423.92, an improvement from a loss of CNY 4,066,130.43 in Q1 2020, indicating a reduction in losses by about 63.7%[29] Assets and Liabilities - Total assets increased by 4.81% to CNY 1,375,367,787.39 compared to the end of the previous year[6] - Total liabilities increased to ¥327,193,273.19 from ¥287,428,202.94, reflecting a rise in short-term borrowings and accounts payable[21] - Total assets as of March 31, 2021, amounted to ¥1,375,367,787.39, an increase from ¥1,312,292,666.67 as of December 31, 2020[20] - Total liabilities increased to ¥63,114,511.80 in Q1 2021 from ¥43,842,811.74 in Q4 2020, reflecting a significant rise[25] - Current assets totaled ¥178,739,555.08, a decrease of 9.0% from ¥196,467,541.82 at the end of 2020[24] - Non-current assets increased to ¥575,718,128.95, up from ¥540,191,866.07 at the end of 2020, indicating growth in long-term investments[24] - The company reported a total asset value of ¥1,312,292,666.67 as of Q1 2021, a decrease from ¥1,337,083,081.53 at the beginning of the year[40] - Total liabilities increased to ¥287,428,202.94 in Q1 2021 from ¥312,218,617.80 at the start of the year, indicating a rise in financial obligations[41] Cash Flow - Net cash flow from operating activities decreased by 113.43% to -CNY 2,749,351.34 compared to the previous year[6] - Cash flow from operating activities for Q1 2021 was a net outflow of CNY 2,749,351.34, a significant decline from a net inflow of CNY 20,471,611.14 in Q1 2020[34] - Cash and cash equivalents at the end of Q1 2021 totaled CNY 270,071,069.91, down from CNY 300,326,654.48 at the end of Q1 2020, reflecting a decrease of about 10%[34] - Investment activities resulted in a net cash outflow of CNY 58,628,642.19 in Q1 2021, compared to a net outflow of CNY 62,549,045.42 in Q1 2020, indicating a slight improvement in cash management[34] - Financing activities produced a net cash outflow of CNY 3,045,459.38 in Q1 2021, worsening from a net outflow of CNY 1,570,322.76 in Q1 2020[34] - Total cash inflow from operating activities in Q1 2021 was ¥16,541,292.95, while cash outflow was ¥31,579,281.97, resulting in a net cash outflow of ¥15,037,989.02[37] Shareholder Information - The total number of shareholders reached 20,451 at the end of the reporting period[11] - The largest shareholder, Shandong Lujin Import and Export Group Co., Ltd., holds 49.34% of the shares[11] Investment and Equity - Basic earnings per share increased by 2.80% to CNY 0.0294[6] - The weighted average return on equity rose by 0.08 percentage points to 1.1724%[6] - Other equity investments surged by 310.88% to ¥48,678,431.42 from ¥11,847,479.48, due to equity transfer payments for the acquisition of Shanghai Lizhi[14] - The company’s investment in fixed assets amounted to ¥35,000,000.00 in Q1 2021, indicating a strategic focus on capital expenditures[38] Financial Standards and Reporting - The company executed a new leasing standard starting January 1, 2021, impacting the financial statements with adjustments noted in the asset and liability sections[41] - The financial statements were prepared in accordance with the revised accounting standards issued by the Ministry of Finance in 2018[46] - The company did not provide an audit report for the current period[47]