HFM(SH:603011)2021-04-26 16:00Financial Performance - Total revenue for Q1 2021 reached RMB 174.60 million, a significant increase of 177.23% compared to RMB 62.98 million in the same period last year[8] - Net profit attributable to shareholders was RMB 10.39 million, marking a 141.91% improvement from a net loss of RMB 24.80 million in Q1 2020[8] - Basic earnings per share rose to RMB 0.02, a 133.33% increase from RMB -0.06 in Q1 2020[8] - The net profit for Q1 2021 was CNY 11,683,235.09, a turnaround from a net loss of CNY 24,965,768.60 in Q1 2020[22] - The company's revenue for Q1 2021 reached ¥87,046,083.75, a significant increase of 786.5% compared to ¥9,804,827.81 in Q1 2020[26] - The net profit for Q1 2021 was ¥1,384,717.43, recovering from a net loss of ¥18,958,319.00 in Q1 2020[27] Cash Flow - The net cash flow from operating activities improved to RMB -75.78 million, a 11.73% increase compared to RMB -85.85 million in the previous year[8] - Cash inflow from operating activities was ¥236,158,432.40, compared to ¥108,011,720.33 in Q1 2020, indicating improved cash generation[29] - The net cash flow from operating activities was -40,775,837.07 RMB, compared to -36,238,764.26 RMB in the same period last year, indicating a decline in operational cash flow[31] - The total cash outflow from operating activities was 157,531,498.50 RMB, compared to 87,325,379.22 RMB in the previous year, highlighting increased operational expenses[31] Assets and Liabilities - Total assets at the end of the reporting period were RMB 2.66 billion, a slight decrease of 0.11% from RMB 2.66 billion at the end of the previous year[8] - Total liabilities as of March 31, 2021, were CNY 658,797,835.45, a minor decrease from CNY 658,940,886.76 at the end of 2020[20] - Total assets amounted to CNY 2,661,687,036.13, with current assets at CNY 1,525,596,693.83 and non-current assets at CNY 1,136,090,342.30[35] - Total liabilities reached CNY 971,286,521.65, with current liabilities at CNY 937,827,581.32 and non-current liabilities at CNY 33,458,940.33[36] Shareholder Information - The total number of shareholders at the end of the reporting period was 23,348[8] - The top shareholder, Yan Jianwen, holds 32.93% of the shares, with a total of 148,438,422 shares[9] - The total equity attributable to shareholders increased to CNY 1,701,181,496.92 from CNY 1,691,243,872.86, an increase of approximately 0.6%[20] Operating Costs and Expenses - Operating costs increased by 195.49% to ¥117,758,018.43 from ¥39,851,368.09, primarily due to the rise in operating revenue[11] - Total operating costs for Q1 2021 were CNY 170,299,743.25, compared to CNY 87,952,604.36 in Q1 2020, indicating an increase of about 93.5%[22] - The company reported a significant increase in research and development expenses to CNY 12,000,988.34 from CNY 11,929,614.03, reflecting a focus on innovation[22] - The company reported a significant decrease in credit impairment losses, with losses of ¥547,289.52 in Q1 2021 compared to ¥2,602,479.43 in Q1 2020[26] Investment Activities - Cash flow from investment activities showed a net outflow of ¥61,757,311.44, a significant decrease of 283.48% compared to a net inflow of ¥33,659,239.80 in the previous year[12] - The cash outflow for investment activities was 77,362,885.23 RMB, compared to 62,038,367.94 RMB in the previous year, indicating higher capital expenditures[32] Other Income and Financial Metrics - The company reported non-operating income of RMB 3.46 million, primarily from government subsidies and other income sources[8] - The company's other income increased by 73.28% to ¥5,302,581.58 from ¥3,060,077.65, primarily due to an increase in government subsidies received[12] - The financial expenses for Q1 2021 were ¥4,348,342.75, an increase from ¥3,565,501.80 in Q1 2020, primarily due to higher interest expenses[26]