海汽集团(603069) - 2021 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2021 reached RMB 166,441,176.99, an increase of 67.09% compared to RMB 99,612,069.15 in the same period last year[5] - Net loss attributable to shareholders was RMB 34,850,079.12, a 53.19% improvement from a loss of RMB 74,448,736.48 in Q1 2020[5] - The company's operating revenue for Q1 2021 was CNY 166,441,176.99, an increase of 67.09% compared to CNY 99,612,069.15 in the same period last year[15] - Net profit for Q1 2021 was a loss of CNY 30,636,694.81, compared to a loss of CNY 71,360,615.45 in Q1 2020, showing an improvement of about 57%[28] - The company reported a total profit loss of CNY 13,849,574.37 for Q1 2021, an improvement from a loss of CNY 39,719,319.40 in Q1 2020[29] Cash Flow and Liquidity - Operating cash flow improved significantly, with a net cash flow of RMB -28,336,578.57, representing a 50.75% increase compared to RMB -57,538,254.88 in the previous year[5] - The net cash flow from operating activities was negative at approximately -$28.77 million, slightly worse than the -$28.63 million recorded in Q1 2020[34] - Cash inflow from financing activities amounted to $40 million, with a net cash flow of approximately $39.05 million after accounting for cash outflows[35] - The ending cash and cash equivalents balance for Q1 2021 was approximately $266.22 million, compared to $198.06 million in Q1 2020, reflecting an increase of 34.5%[35] Assets and Liabilities - Total assets decreased by 1.94% to RMB 1,898,249,740.46 from RMB 1,935,723,860.99 at the end of the previous year[5] - The net value of fixed assets decreased, contributing to a total asset value of CNY 1,898,249,740.46 as of March 31, 2021, down from CNY 1,935,723,860.99 at the end of 2020[20] - Total liabilities amounted to CNY 898,925,738.91, slightly down from CNY 902,629,978.35 at the end of the previous year[21] - Total liabilities for Q1 2021 amounted to CNY 1,388,138,309.56, an increase from CNY 1,372,757,342.42 in Q1 2020[24] Shareholder Information - The number of shareholders reached 34,856, with the top ten shareholders holding a combined 42.50% of shares[10] - The company's total equity decreased to CNY 999,324,001.55 from CNY 1,033,093,882.64, reflecting a reduction in retained earnings[21] Operating Costs and Expenses - The operating costs rose to CNY 153,607,046.64, reflecting a 16.30% increase from CNY 132,075,189.86, primarily due to increased variable costs associated with higher revenue[15] - Total operating costs for Q1 2021 were CNY 198,986,382.63, up from CNY 169,720,014.39 in Q1 2020, representing an increase of approximately 17%[27] - The company incurred financial expenses of CNY 261,193.61 in Q1 2021, compared to a financial income of CNY 395,735.38 in Q1 2020[29] Investments and Prepayments - Prepayments increased significantly by 362.40% to RMB 32,100,639.44, mainly due to advance payments for land and vehicle purchases[13] - The company received CNY 40,000,000.00 from borrowings in Q1 2021, with no borrowings reported in Q1 2020[32]