HASCO(SH:600741)2021-04-28 16:00Financial Performance - In Q1 2021, the company achieved a consolidated revenue of RMB 34.88 billion, representing a 45.49% increase year-over-year[4] - The net profit attributable to shareholders was RMB 1.29 billion, a significant increase of 859.26% compared to the same period last year[4] - The total profit reached approximately ¥1.96 billion, reflecting a substantial increase of 950.41% year-over-year[47] - The basic earnings per share rose to RMB 0.410, an increase of 853.49% compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was RMB 1.18 billion, a substantial increase of 10,244.25% year-over-year[5] - The company reported a total comprehensive income of CNY 1,615,929,133.11 for Q1 2021, compared to a loss of CNY 415,004,491.05 in Q1 2020[22] Cash Flow - The net cash flow from operating activities for the period was RMB 3.94 billion, up 42.39% year-over-year[5] - The cash flow from operating activities for Q1 2021 was CNY 32,096,435,384.05, compared to CNY 28,572,682,802.22 in Q1 2020, indicating an increase of approximately 12.5%[62] - Total cash inflow from operating activities amounted to CNY 32,520,627,114.37, while cash outflow was CNY 28,583,203,006.02, resulting in a net inflow of CNY 3,937,424,108.35[27] - The net cash flow from operating activities was CNY 3,937,424,108.35, an increase of 42.3% compared to CNY 2,765,207,679.06 in the same quarter last year[63] - The company’s cash flow from operating activities showed a significant improvement, with a net cash flow of CNY 3,937,424,108.35, indicating strong operational performance[63] Assets and Liabilities - The company's total assets at the end of the reporting period were RMB 155.13 billion, reflecting a 3.12% increase from the end of the previous year[5] - The company's total liabilities were RMB 95.575 billion as of March 31, 2021, compared to RMB 92.248 billion at the end of 2020[53] - The company's equity attributable to shareholders reached RMB 53.811 billion as of March 31, 2021, an increase from RMB 52.539 billion at the end of 2020[53] - The company's current assets totaled RMB 95.068 billion as of March 31, 2021, compared to RMB 93.928 billion at the end of 2020[51] - The company reported a significant decrease in accounts receivable, down by ¥643 million, or 34.46%, primarily due to the maturity of notes[10] Investment Activities - The company plans to acquire a 49.99% stake in Adient Asia Holdings Co., Ltd. for approximately ¥806.36 million, along with other related asset transactions[13] - The company’s investment activities resulted in a net cash outflow of approximately ¥690 million, a decrease of 17.54% compared to the previous year[12] - The company reported a total cash inflow from investment activities of CNY 461,217,286.87, down from CNY 739,330,555.77 in the previous year[63] Research and Development - Research and development expenses increased to ¥1,355,178,516.14, representing a rise of 31.2% from ¥1,033,548,393.65 in Q1 2020[21] - Research and development expenses for Q1 2021 were CNY 18,021,414.50, slightly down from CNY 18,192,966.68 in Q1 2020[24] Shareholder Information - The company’s total number of shareholders at the end of the reporting period was 61,885, with the largest shareholder holding 58.32% of the shares[8] - The company’s total equity increased to ¥36,027,808,237.96 in Q1 2021 from ¥35,243,818,627.24 in Q1 2020, indicating a growth of 2.2%[20] Non-Recurring Items - The total impact of non-recurring gains and losses on the current period's profit was RMB 111.54 million[7] - The company reported a government subsidy income of RMB 158.59 million, which is included in the current period's profit[7]