HAGG(SH:601177)2021-04-26 16:00Financial Performance - Net profit attributable to shareholders increased by 1,204.68% to CNY 51,458,000.73 compared to the same period last year[7]. - Operating revenue rose by 50.41% to CNY 546,506,476.81 compared to the same period last year[7]. - Basic earnings per share increased by 1,198.99% to CNY 0.1286 per share compared to the same period last year[7]. - The company reported a net profit excluding non-recurring gains and losses of CNY 45,900,157.82[7]. - Net profit for Q1 2021 was ¥58,295,303.29, compared to ¥6,276,668.79 in Q1 2020, representing a substantial increase of 827.5%[31]. - The total profit for Q1 2021 was ¥63,687,973.62, significantly higher than ¥11,707,758.44 in Q1 2020, representing an increase of 444.5%[34]. - The company achieved an operating profit of ¥60,358,709.31 in Q1 2021, compared to ¥9,250,904.81 in Q1 2020, marking a year-over-year increase of 552.0%[29]. Assets and Liabilities - Total assets increased by 2.18% to CNY 4,102,835,372.29 compared to the end of the previous year[7]. - The total amount of trading financial assets increased by 266.67% to RMB 5,500,000.00 from RMB 1,500,000.00 at the beginning of the year[13]. - Total liabilities reached ¥2,161,780,344.23, compared to ¥2,130,239,869.36, marking an increase of around 1.5%[23]. - The company's total liabilities increased, with accounts payable rising by 47.07% to RMB 237,843,278.06 from RMB 161,717,483.25[13]. - The total current liabilities amounted to ¥1,577,717,157.79, an increase from ¥1,525,710,590.88, representing a rise of about 3.4%[22]. - The company reported a total liability of ¥1,780,490,724.00 as of Q1 2021, a decrease from ¥1,808,155,605.61 in Q1 2020[29]. - The company’s total equity attributable to shareholders was CNY 1,720,478,647.03, reflecting a stable capital structure[47]. Cash Flow - Net cash flow from operating activities decreased by 2,686.05% to -CNY 72,948,823.04 compared to the same period last year[7]. - The net cash flow from operating activities was -¥72,948,823.04 in Q1 2021, compared to -¥2,618,358.91 in Q1 2020, indicating a worsening cash flow situation[39]. - Cash inflow from operating activities in Q1 2021 was approximately ¥264.54 million, a 60% increase from ¥165.60 million in Q1 2020[42]. - Cash outflow from investing activities in Q1 2021 totaled ¥83.42 million, significantly higher than ¥4.07 million in Q1 2020[42]. - Net cash flow from financing activities in Q1 2021 was -¥10.19 million, an improvement from -¥21.74 million in Q1 2020[43]. Shareholder Information - The total number of shareholders reached 17,022 by the end of the reporting period[11]. - The largest shareholder, Hangzhou Xiaoshan State-owned Assets Management Group Co., Ltd., holds 25.02% of the shares[12]. Research and Development - The company's research and development expenses rose by 37.04% to RMB 24,981,604.62 from RMB 18,229,981.59 in the previous year[15]. - Research and development expenses for Q1 2021 totaled ¥24,981,604.62, an increase of 37.1% from ¥18,229,981.59 in Q1 2020[29]. Comprehensive Income - The company's other comprehensive income decreased by 109.47%, resulting in a loss of RMB 2,179,773.16 compared to a gain of RMB 23,020,887.49 in the previous year[15]. - Other comprehensive income after tax for Q1 2021 was a loss of ¥2,179,773.16, contrasting with a gain of ¥23,020,887.49 in Q1 2020[31]. - The company reported a decrease in other comprehensive income, with a net amount of -¥2,127,507.85 in Q1 2021 compared to ¥23,108,849.57 in Q1 2020[35]. Changes in Accounting Standards - The company adopted the new leasing standards starting January 1, 2021, impacting the recognition of lease liabilities and right-of-use assets[48]. - The total current liabilities increased by CNY 10,702,630.00 due to the new leasing standard adjustments[51]. - The company’s total assets increased by CNY 10,702,630.00, reflecting the impact of the new leasing standard on asset recognition[51].