Huada(SH:603358)2021-04-28 16:00Financial Performance - Operating revenue for the period reached CNY 893,168,804.43, representing a significant increase of 77.98% year-on-year[12] - Net profit attributable to shareholders was CNY 93,465,298.46, up 203.54% from the same period last year[12] - The net cash flow from operating activities was CNY 143,477,977.53, an increase of 75.70% compared to the previous year[12] - Basic earnings per share were CNY 0.30, reflecting a 200% increase from CNY 0.10 in the same period last year[12] - The gross profit margin for Q1 2021 was approximately 10.5%, compared to 6.5% in Q1 2020, showing an improvement in profitability[41] - The net profit for Q1 2021 was CNY 95,878,778.11, up from CNY 31,153,601.25 in Q1 2020, indicating an increase of approximately 207.5%[45] - The total comprehensive income for Q1 2021 was approximately ¥75.20 million, compared to ¥17.21 million in Q1 2020, marking a growth of 337.5%[51] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,994,881,716.63, a decrease of 1.68% compared to the end of the previous year[12] - The company's total assets amounted to CNY 4,994,881,716.63, a decrease from CNY 5,080,368,602.57 as of December 31, 2020, reflecting a decline of approximately 1.68%[34] - The company's current assets totaled CNY 3,153,361,131.56, down from CNY 3,221,060,991.60, indicating a decrease of about 2.11%[30] - The company's total liabilities were CNY 1,961,478,711.27, down from CNY 2,142,844,375.32, indicating a decrease of about 8.46%[33] - The total liabilities decreased to CNY 1,394,592,236.96 from CNY 1,470,535,796.97, a reduction of approximately 5.2%[41] - The equity attributable to shareholders rose to CNY 2,880,767,873.22 from CNY 2,787,302,574.76, an increase of approximately 3.34%[35] - The equity attributable to shareholders increased to CNY 2,679,031,589.03 from CNY 2,603,828,345.06, reflecting a growth of about 2.9%[41] Cash Flow - Cash and cash equivalents were reported at CNY 909,461,345.17, compared to CNY 994,212,396.19 in the previous year, representing a decline of approximately 8.54%[26] - The cash flow from operating activities for Q1 2021 was approximately ¥143.48 million, compared to ¥81.66 million in Q1 2020, showing a growth of 75.7%[56] - The net cash flow from operating activities for Q1 2021 was ¥88,791,297.64, an increase of 79% compared to ¥49,575,401.60 in Q1 2020[61] - Total cash inflow from operating activities reached ¥1,113,744,130.25, up from ¥945,368,788.03 in the previous year, reflecting a growth of approximately 18%[61] - Cash outflow for operating activities totaled ¥1,024,952,832.61, compared to ¥895,793,386.43 in Q1 2020, indicating an increase of about 14%[61] - The company reported a net decrease in cash and cash equivalents of -¥95,307,512.62 for Q1 2021, compared to -¥170,165,401.15 in Q1 2020, reflecting a significant improvement[61] - The ending balance of cash and cash equivalents was ¥717,767,801.97, up from ¥437,215,227.27 at the end of Q1 2020, representing an increase of about 64%[61] Shareholder Information - The number of shareholders at the end of the reporting period was 9,508[19] - The top shareholder, Chen Jinghong, held 172,762,436 shares, accounting for 55.09% of the total shares[19] Research and Development - Research and development expenses for Q1 2021 amounted to CNY 30,711,516.89, compared to CNY 26,084,778.71 in Q1 2020, an increase of about 17.5%[41] - Research and development expenses for Q1 2021 amounted to ¥26.19 million, an increase from ¥20.96 million in Q1 2020, reflecting a 25% rise[56] Government Subsidies and Other Income - The company reported a government subsidy recognized in the current period amounting to CNY 1,736,085.74[15] - Investment income for Q1 2021 was ¥6.14 million, compared to ¥1.55 million in Q1 2020, representing a growth of 296.8%[56] Operational Costs - The total operating costs for Q1 2021 were CNY 790,165,968.09, compared to CNY 474,074,767.53 in Q1 2020, reflecting an increase of about 66.8%[41] - The company's total operating costs for Q1 2021 were ¥701.86 million, up from ¥483.46 million in Q1 2020, which is a 45.2% increase[56]