Hexing(SH:603556)2021-04-29 16:00Financial Performance - Net profit attributable to shareholders was ¥44,982,791.27, representing a decrease of 25.62% year-on-year[4] - Operating revenue for the period was ¥458,009,850.54, reflecting a growth of 1.41% compared to the same period last year[4] - Basic earnings per share decreased to ¥0.09, down 25.00% from ¥0.12 in the same quarter last year[6] - The weighted average return on net assets was 0.83%, a decrease of 0.32 percentage points compared to the previous year[6] - Total operating revenue for Q1 2021 was CNY 458,009,850.54, an increase from CNY 451,654,278.01 in Q1 2020, representing a growth of approximately 1.0%[24] - Net profit for Q1 2021 was CNY 44,116,138.65, a decrease from CNY 58,459,144.18 in Q1 2020, reflecting a decline of approximately 24.7%[27] - The company reported a decrease in comprehensive income attributable to the parent company, totaling CNY 40,991,767.25 in Q1 2021 compared to CNY 38,375,439.79 in Q1 2020, an increase of about 4.2%[28] - The company's net profit for Q1 2021 was CNY 49,693,234, a decrease from CNY 103,667,278 in Q1 2020, representing a decline of approximately 52%[30] - The company reported a total comprehensive income of CNY 49,521,599, down from CNY 104,138,962 in the previous year, indicating a decline of about 52%[31] Cash Flow - Net cash flow from operating activities improved significantly to ¥4,533,901.16, a turnaround from a negative cash flow of ¥40,557,799.59 in the previous year, marking an increase of 111.18%[4] - The cash flow from operating activities was CNY 4,533,901, a significant improvement compared to a negative cash flow of CNY -40,557,799 in Q1 2020[33] - The company experienced a net decrease in cash and cash equivalents of CNY -850,108,190, compared to an increase of CNY 572,647,503 in Q1 2020[34] - The total cash inflow from investment activities was 1,912,632,098.73, while cash outflow was 2,499,316,900.95, resulting in a net cash flow of -586,684,802.22[37] - The net cash flow from financing activities was -16,884,133.29, compared to 20,625,427.85 in the previous period[37] Assets and Liabilities - Total assets at the end of the reporting period reached ¥7,081,574,710.27, a slight increase of 0.18% compared to the previous year[4] - The company's cash and cash equivalents decreased to RMB 2,526,513,208.98 from RMB 3,342,561,975.70 at the end of last year[17] - The company's total current assets decreased to RMB 5,976,538,069.02 from RMB 6,051,790,307.08 at the end of last year[18] - The company’s non-current assets increased to RMB 1,105,036,641.25 from RMB 1,016,767,794.26 at the end of last year[18] - Total liabilities decreased to ¥1,648,014,432.10 from ¥1,675,142,468.34, a decline of 1.63%[19] - Current liabilities decreased slightly to ¥1,580,610,039.97 from ¥1,593,137,089.21, a reduction of approximately 0.35%[19] - Total equity attributable to shareholders rose to ¥5,426,148,440.11 from ¥5,385,146,907.59, an increase of 0.76%[20] - The company’s retained earnings increased to ¥2,348,414,120.35 from ¥2,303,431,329.08, an increase of 1.96%[20] Investments - The company disposed of long-term equity investments, generating a profit of ¥42,760,744.00 from the disposal of Hunan Haixing investments[9] - Investment income surged by 217.18% to RMB 48,823,663.03, primarily from the disposal of Hunan Haixing Electric Appliance equity[14] - The company signed a share transfer agreement with Shengxiang Biotechnology Co., Ltd., selling 100% equity of Hunan Haixing Electric Appliance Co., Ltd. for RMB 70,015,858.10, resulting in an investment income of RMB 42,760,744.00[15] Shareholder Information - The total number of shareholders at the end of the reporting period was 23,294[10] - The top shareholder, Zhejiang Haixing Holding Group Co., Ltd., held 239,713,292 shares, accounting for 49.05% of the total shares[11] Expenses - The company's financial expenses increased by 492.49% to RMB 19,746,317.62, mainly due to exchange losses from currency depreciation[14] - Research and development expenses for Q1 2021 totaled CNY 48,617,501.91, slightly down from CNY 48,968,801.89 in Q1 2020, a decrease of about 0.7%[26]