HXGF(SH:603115)2021-04-29 16:00Financial Performance - Operating revenue for the current period was CNY 346,928,296.20, an increase of 49.98% year-on-year, primarily due to increased sales from expanded production capacity[7] - Net profit attributable to shareholders of the listed company was CNY 30,265,574.47, representing a year-on-year increase of 21.03%[6] - Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was CNY 27,812,576.33, an increase of 80.88% year-on-year, driven by increased sales scale[7] - Basic and diluted earnings per share were both CNY 0.15, reflecting a growth of 25.00% compared to the previous year[6] - The weighted average return on net assets increased by 0.47 percentage points to 2.42%[6] - Total operating revenue for Q1 2021 was CNY 346,928,296.20, an increase of 50% compared to CNY 231,320,777.32 in Q1 2020[28] - Net profit for Q1 2021 was CNY 30,635,225.20, compared to CNY 14,247,818.73 in Q1 2020, representing a growth of 115%[28] - The total profit for Q1 2021 was CNY 34,197,076.45, compared to CNY 28,651,351.11 in Q1 2020, marking a 19.0% increase[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,629,746,361.53, a decrease of 0.11% compared to the end of the previous year[6] - Total assets as of March 31, 2021, amounted to CNY 1,321,733,217.21, slightly down from CNY 1,330,990,273.74 at the end of 2020[24] - Total liabilities decreased to CNY 317,232,323.95 in Q1 2021 from CNY 338,577,538.63 in Q1 2020[25] - Shareholders' equity increased to CNY 1,004,500,893.26 in Q1 2021 from CNY 992,412,735.11 in Q1 2020[25] Cash Flow - Cash flow from operating activities was CNY 26,941,824.07, a decrease of 18.75% compared to the same period last year[6] - Net cash flow from operating activities decreased by 18.75% to RMB 26,941,824.07, mainly due to a reduction in government subsidies received[15] - In Q1 2021, the net cash flow from operating activities was -28,168,385.85 RMB, compared to -17,840,382.86 RMB in Q1 2020, indicating a decline in operational cash flow[35] - Total cash inflow from operating activities was 199,478,750.93 RMB, significantly higher than 121,348,617.60 RMB in Q1 2020, demonstrating improved sales performance[35] - Cash outflow for operating activities totaled 227,647,136.78 RMB, up from 139,189,000.46 RMB in the same period last year, reflecting increased operational costs[35] Shareholder Information - The company had a total of 14,892 shareholders at the end of the reporting period[10] - The top shareholder, Nantong Xinhaixing Investment Co., Ltd., held 67.88% of the shares[10] Operating Costs and Expenses - Operating costs increased by 51.25% to RMB 266,304,077.75, attributed to higher sales leading to corresponding cost increases[14] - Financial expenses showed a significant decline of 118.09%, resulting in a loss of RMB 315,633.17, due to reduced interest income and increased exchange losses[14] - Investment income dropped by 85.75% to RMB 440,423.51, primarily due to decreased financial investment returns[14] - Employee compensation payable decreased by 33.14% to RMB 14,477,401.00, mainly due to a reduction in year-end bonuses[12] Other Financial Metrics - Cash inflows from operating activities amounted to CNY 282,629,311.15 in Q1 2021, up from CNY 238,762,218.55 in Q1 2020, indicating improved cash generation[33] - The company reported a gross profit margin of approximately 14.4% for Q1 2021, compared to 15.0% in Q1 2020, reflecting changes in cost structure[31] - The total comprehensive income for Q1 2021 was CNY 30,732,080.65, compared to CNY 26,685,921.16 in Q1 2020, showing overall growth[30]