SDHP(SH:603021)2021-04-29 16:00Financial Performance - Operating revenue rose by 34.89% to CNY 201,593,512.38, attributed to market recovery from the previous year's pandemic impact[14] - Net profit attributable to shareholders decreased by 210.77% to a loss of CNY 1,735,050.76, indicating significant financial challenges[10] - Basic and diluted earnings per share fell by 200% to -CNY 0.01, reflecting the company's financial difficulties[10] - Total profit for the period was CNY 6,939,691.21, up 116.63% from CNY 3,203,433.14 in the previous year, primarily due to increased operating income[15] - Net profit for Q1 2021 was CNY 3,661,027.10, compared to CNY 3,104,647.83 in Q1 2020, representing a 17.9% increase[27] - The company reported a net loss attributable to shareholders of CNY -1,735,050.76 in Q1 2021, compared to a profit of CNY 1,566,401.42 in Q1 2020[27] Cash Flow - Cash flow from operating activities worsened by 14.21%, resulting in a negative cash flow of CNY 42,200,302.89[10] - In Q1 2021, the cash inflow from operating activities was CNY 158,351,392.90, an increase of 33.6% compared to CNY 118,510,372.66 in Q1 2020[31] - The net cash flow from operating activities was -CNY 42,200,302.89, worsening from -CNY 36,951,306.41 in the same period last year[32] - The net cash flow from financing activities was CNY 47,891,232.07, a decrease from CNY 75,846,654.61 in the previous year[32] - The company raised CNY 226,900,000.00 through borrowings in Q1 2021, significantly higher than CNY 70,000,000.00 in Q1 2020, marking a 224.1% increase[32] Assets and Liabilities - Total assets increased by 2.75% to CNY 3,690,322,672.18 compared to the end of the previous year[10] - Long-term payables decreased by 53.11% to CNY 36,536,430.83, reflecting reclassification of some liabilities[14] - Total liabilities amounted to CNY 2,238,834,288.13, up from CNY 2,143,815,289.27, indicating an increase of around 4.43%[20] - Current liabilities rose to CNY 2,196,614,888.95 from CNY 2,059,703,672.31, marking an increase of about 6.65%[19] - Non-current liabilities decreased to CNY 42,219,399.18 from CNY 84,111,616.96, a reduction of approximately 49.83%[20] Shareholder Information - The number of shareholders reached 14,193, with the top ten shareholders holding a combined 56.52% of shares[12] - Shareholders' equity totaled CNY 1,451,488,384.05, slightly up from CNY 1,447,827,356.95, showing a marginal increase of about 0.04%[20] Research and Development - R&D expenses increased by 94.89% to CNY 6,111,723.54, reflecting a significant increase in investment in research and development[15] - Research and development expenses increased to CNY 6,111,723.54 in Q1 2021, up from CNY 3,135,991.86 in Q1 2020, marking a 94.9% increase[26] Inventory and Current Assets - Inventory increased to CNY 393,315,894.85 from CNY 362,778,316.54, reflecting a growth in stock levels[18] - The total current assets reached CNY 1,307,287,194.33, up from CNY 1,200,896,122.88 at the end of the previous year[18] - Accounts receivable increased to CNY 124,915,144.07 from CNY 120,492,901.03, a rise of about 3.02%[23] - The company reported a total current asset of CNY 1,204,659,754.79, up from CNY 1,139,808,813.17, indicating a growth of about 5.68%[23] Financial Expenses - Financial expenses rose by 45.35% to CNY 16,591,857.73, attributed to higher financing costs during the period[15] - Financial expenses for Q1 2021 were CNY 16,591,857.73, compared to CNY 11,415,145.84 in Q1 2020, an increase of 45.3%[26] Investment Activities - Cash paid for the purchase of fixed assets and intangible assets increased by 122.74% to CNY 35,362,901.99, driven by increased payments for technology renovation projects[16] - Cash flow from investment activities showed a net outflow of CNY 32,362,901.99, a 103.84% increase compared to the previous year, due to higher payments for technology renovation projects[16] - The cash outflow for investing activities was CNY 35,362,901.99, compared to CNY 15,876,352.82 in Q1 2020, reflecting a 122.5% increase[32]