HJT(SH:603577)2021-04-29 16:00Financial Performance - Operating revenue for the first quarter reached CNY 502,119,134.67, a 7.12% increase year-on-year[6] - Net profit attributable to shareholders increased by 15.77% to CNY 27,320,489.05 compared to the same period last year[6] - Basic earnings per share increased by 15.75% to CNY 0.0948 compared to the previous year[6] - The company's net profit attributable to shareholders for Q1 2021 was not explicitly stated but can be inferred from the increase in retained earnings, which rose to CNY 395,346,830.98 from CNY 368,026,341.93[20] - The net profit for Q1 2021 reached CNY 27,472,571.80, representing a 17.8% increase from CNY 23,396,696.32 in Q1 2020[28] - The total profit for Q1 2021 was CNY 27,991,291.46, up from CNY 25,836,956.07 in Q1 2020, marking a growth of 8.4%[27] - The comprehensive income total for Q1 2021 was CNY 27,471,223.29, compared to CNY 23,476,242.99 in Q1 2020, reflecting a growth of 16.9%[28] Assets and Liabilities - Total assets increased by 16.56% to CNY 2,997,974,710.90 compared to the end of the previous year[6] - The ending balance of contract assets was CNY 314,196,375.68, an increase of 104.17% compared to the previous year-end balance of CNY 153,890,972.00, primarily due to increased revenue recognition based on contract execution[12] - The ending balance of other current assets was CNY 5,896,097.20, up 103.92% from CNY 2,891,380.71 at the end of the previous year, mainly due to an increase in input tax credits[12] - The ending balance of construction in progress was CNY 7,268,530.86, a significant increase of 1,616.79% from CNY 423,379.27 at the end of the previous year, attributed to the construction of new production workshops[12] - The ending balance of payable notes was CNY 60,099,343.13, an increase of 132.12% from CNY 25,891,118.15 at the end of the previous year, primarily due to the use of notes for raw material purchases[12] - The ending balance of accounts payable was CNY 312,325,395.72, up 110.16% from CNY 148,614,956.38 at the end of the previous year, mainly due to increased inventory[12] - Total liabilities increased to CNY 1,623,730,485.09 in Q1 2021 from CNY 1,223,664,938.74 in Q1 2020, marking a rise of 32.7%[23] - The ending balance of non-current liabilities due within one year was CNY 60,897,079.91, a substantial increase of 493.27% from CNY 10,264,614.17 at the end of the previous year, due to an increase in long-term borrowings maturing within one year[12] Cash Flow - Cash flow from operating activities showed a significant improvement, with a net cash flow of CNY -11,699,169.16, compared to CNY -91,995,644.58 in the previous year[6] - In Q1 2021, the cash inflow from operating activities was CNY 371,523,483.13, an increase of 2.75% compared to CNY 363,524,290.51 in Q1 2020[34] - The net cash flow from operating activities improved to -CNY 11,699,169.16 in Q1 2021, compared to -CNY 91,995,644.58 in Q1 2020, indicating a significant reduction in losses[34] - The cash inflow from investment activities was CNY 185,654,884.22 in Q1 2021, with a net cash outflow of CNY 26,279,849.89, compared to a net outflow of CNY 9,003,232.90 in Q1 2020[35] - The cash inflow from financing activities totaled CNY 335,390,000.00 in Q1 2021, while the net cash flow from financing activities was CNY 142,379,934.14, up from CNY 129,791,751.94 in Q1 2020[35] Shareholder Information - The number of shareholders reached 15,538, indicating a broadening of the shareholder base[9] Expenses - The ending balance of sales expenses was CNY 7,008,364.79, a decrease of 70.96% from CNY 24,132,409.17 in the same period last year, primarily due to the reclassification of transportation costs from sales expenses to operating costs[12] - The ending balance of management expenses was CNY 8,828,972.75, an increase of 39.13% from CNY 6,345,994.16 in the same period last year, mainly due to increases in employee compensation and intermediary fees[12] - Research and development expenses amounted to CNY 14,632,545.39, up from CNY 13,871,887.47 in the previous year, indicating a focus on innovation[27] - Financial expenses decreased to CNY 11,856,082.79 from CNY 15,892,565.49, reflecting improved cost management[27]