Huading Nylon(SH:601113)2021-04-28 16:00Financial Performance - Operating revenue for the period was ¥2,369,260,541.22, representing a growth of 26.27% year-on-year[5] - Net profit attributable to shareholders was ¥87,538,818.77, a significant increase of 224.46% compared to the same period last year[5] - Basic earnings per share increased to ¥0.08, reflecting a growth of 300% compared to the previous year[7] - The net profit attributable to shareholders after deducting non-recurring gains was ¥48,993,075.32, an increase of 140.03% year-on-year[5] - Total operating revenue for Q1 2021 reached ¥2,369,260,541.22, a 26.2% increase from ¥1,876,388,560.32 in Q1 2020[28] - Net profit for Q1 2021 was ¥86,882,701.94, up 76.5% compared to ¥31,486,659.94 in Q1 2020[29] - Operating profit for Q1 2021 was ¥89,843,926.92, representing a 114.5% increase from ¥41,989,137.19 in Q1 2020[29] - The company reported a total profit of ¥121,939,447.50 for Q1 2021, up 173.4% from ¥44,638,507.38 in Q1 2020[29] Cash Flow - The net cash flow from operating activities was -¥76,612,696.98, a decline of 39.03% year-on-year[5] - Cash inflow from operating activities for Q1 2021 was CNY 2,002,532,853.32, an increase of 11.8% compared to CNY 1,791,829,988.90 in Q1 2020[36] - Net cash flow from operating activities was -CNY 76,612,696.98 in Q1 2021, worsening from -CNY 55,106,244.49 in Q1 2020[36] - Cash outflow from investing activities was CNY 36,764,681.21 in Q1 2021, down 33.3% from CNY 55,153,526.21 in Q1 2020[37] - Net cash flow from financing activities was -CNY 89,866,640.16 in Q1 2021, an improvement from -CNY 125,940,719.93 in Q1 2020[37] Assets and Liabilities - Total assets at the end of the reporting period reached ¥7,291,115,919.51, a slight increase of 0.02% compared to the end of the previous year[5] - Current liabilities decreased to CNY 2,039,649,768.70 from CNY 2,105,264,288.84, reflecting a reduction of approximately 3.14%[20] - Non-current liabilities totaled CNY 791,649,596.23, down from CNY 813,123,413.85, indicating a decrease of about 2.88%[21] - The company's total equity increased to CNY 4,459,816,554.58 from CNY 4,371,532,469.08, representing a growth of approximately 2.01%[21] - Total liabilities decreased to CNY 2,831,299,364.93 from CNY 2,918,387,702.69, a reduction of approximately 2.98%[21] - The company holds cash and cash equivalents of approximately ¥184.39 million[46] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,240[11] - The largest shareholder, Sanding Holdings Group Co., Ltd., held 27.38% of the shares, with 312,557,900 shares frozen[11] Expenses - Operating costs increased by 40.08% to CNY 1,676,696,161.93 due to adjustments in cross-border e-commerce service freight accounting[14] - Management expenses rose by 87.69% to CNY 76,013,201.78, primarily due to increased rental fees and employee compensation[14] - Financial expenses surged by 122.88% to CNY 31,064,009.34, influenced by exchange rate fluctuations[14] - Research and development expenses increased to ¥30,754,161.57 in Q1 2021, up 59.5% from ¥19,312,006.36 in Q1 2020[28] Other Financial Metrics - The weighted average return on net assets rose to 2.04%, an increase of 1.43 percentage points[7] - The company reported non-recurring gains of ¥38,545,743.45 for the period[10] - The company experienced a significant reduction in financial expenses, which decreased from ¥13,937,535.22 in Q1 2020 to ¥31,064,009.34 in Q1 2021[28] - The company recorded a credit impairment loss of ¥5,568,452.80 in Q1 2021, a significant increase from ¥143,974.46 in Q1 2020[28] Project Development - The company is progressing on its "annual production of 150,000 tons of differentiated nylon filament project," with civil engineering completed and trial production underway[16]