HRPC(SH:600829)2021-04-19 16:00Financial Performance - The company's revenue for Q1 2021 increased by 15.35% year-on-year, reaching approximately ¥2.16 billion[6]. - Net profit attributable to shareholders decreased by 17.14% year-on-year, amounting to approximately ¥40 million[6]. - Net profit for Q1 2021 was ¥39,850,517.98, a decrease of 17.4% from ¥48,292,722.26 in Q1 2020[26]. - Earnings per share for Q1 2021 were ¥0.0690, down from ¥0.0833 in Q1 2020[27]. - The company reported a gross profit margin of approximately 7.5% for Q1 2021, down from the previous year's margin[26]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by ¥200 million compared to the same period last year[6]. - Cash inflow from operating activities in Q1 2021 was CNY 2,010,678,808.11, down 10.1% from CNY 2,237,160,046.32 in Q1 2020[32]. - Net cash outflow from operating activities was CNY -268,587,146.78 in Q1 2021, compared to CNY -68,143,740.58 in Q1 2020[32]. - Cash and cash equivalents decreased to ¥375,010,925.25 from ¥416,816,345.13, representing a decline of approximately 10.0%[17]. - The ending cash and cash equivalents balance for Q1 2021 was CNY 375,010,925.25, compared to CNY 351,613,557.97 at the end of Q1 2020[33]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥5.91 billion, a decrease of 1.34% from the previous year[6]. - Total assets as of March 31, 2021, amounted to ¥5,914,623,195.62, a decrease from ¥5,995,184,514.45 at the end of 2020, reflecting a decline of approximately 1.4%[17]. - Total liabilities decreased to ¥3,882,471,771.99 from ¥4,002,883,608.80, a decline of approximately 3.0%[19]. - Current liabilities totaled ¥3,676,974,443.13, down from ¥3,862,955,680.31, indicating a decrease of approximately 4.8%[18]. - Shareholders' equity increased to ¥2,032,151,423.63 from ¥1,992,300,905.65, representing an increase of about 2.0%[19]. Government Support and Funding - The company received government subsidies amounting to ¥2.68 million during the reporting period, an increase of 73.6% year-on-year[13]. - Short-term borrowings increased by 38.8% to approximately ¥847.7 million, primarily due to increased funding needs[13]. - Cash inflow from financing activities increased to CNY 710,974,027.78 in Q1 2021, up 50.7% from CNY 471,818,458.33 in Q1 2020[33]. - Net cash flow from financing activities was CNY 227,709,734.75 in Q1 2021, compared to CNY 54,267,663.09 in Q1 2020[33]. Operational Efficiency and Future Outlook - The company plans to strengthen the collection of accounts receivable and improve cash flow efficiency[8]. - Future outlook remains cautious due to market conditions, with a focus on cost control and efficiency improvements[26]. - The company is focusing on enhancing its market presence and exploring potential mergers and acquisitions to drive growth[26]. - Research and development expenses were not specified but are critical for future product development and market expansion[26].