HJHS(SH:603616)2021-04-29 16:00Financial Performance - Operating revenue increased by 245.33% year-on-year, reaching ¥118,546,507.99[5] - Net profit attributable to shareholders improved by 68.16% compared to the previous year, totaling -¥7,323,268.67[5] - Basic earnings per share improved by 64.85%, recorded at -¥0.0271[6] - The company reported a net loss of -¥636,597.47 from non-recurring gains and losses[9] - The net profit for Q1 2021 was a loss of CNY 7,246,275.26, compared to a loss of CNY 21,990,809.89 in Q1 2020, indicating an improvement of about 67.9%[29] - The total profit for Q1 2021 was a loss of CNY 8,326,136.66, which is an improvement from a loss of CNY 27,831,907.25 in the same period last year, reflecting a reduction of approximately 70.1%[29] - The company's basic and diluted earnings per share for Q1 2021 were both CNY -0.0271, compared to CNY -0.0771 in Q1 2020, showing an improvement of 64.8%[29] Cash Flow - Cash flow from operating activities showed a significant decline of 276.53%, resulting in -¥52,781,141.82[5] - The net cash flow from operating activities was negative at -¥52,781,141.82, a decline of 276.53% compared to ¥29,899,454.30 in the previous year[16] - The company's operating cash flow for Q1 2021 was negative at -52,781,141.82 RMB, compared to a positive cash flow of 29,899,454.30 RMB in Q1 2020, indicating a significant decline in operational performance[35] - Total cash inflow from operating activities was 302,983,277.83 RMB, while cash outflow was 355,764,419.65 RMB, resulting in a net cash flow from operating activities of -52,781,141.82 RMB[35] - The company reported a net cash flow from investing activities of -9,947,970.82 RMB, a decrease from -4,349,328.95 RMB in the previous year, reflecting increased investment expenditures[36] - Cash inflow from financing activities was 70,000,000.00 RMB, down from 239,556,675.00 RMB in Q1 2020, while cash outflow was 191,874,627.10 RMB, leading to a net cash flow from financing activities of -121,874,627.10 RMB[36] - The company’s cash flow from financing activities showed a decrease of approximately 72.5% compared to the previous year, reflecting reduced borrowing and investment inflows[36] Assets and Liabilities - Total assets decreased by 11.95% from the end of the previous year, amounting to ¥2,117,004,004.89[5] - Cash and cash equivalents decreased by 90.49% to ¥19,839,682.86 from ¥208,542,542.95[13] - Other receivables increased by 139.65% to ¥42,904,143.04 from ¥17,903,152.72, mainly due to the increase in unreceived equity transfer payments[14] - Inventory rose by 31.58% to ¥258,655,188.96 from ¥196,568,929.55, attributed to the contract execution progress of the Shangqiu branch[13] - Contract liabilities decreased by 38.11% to ¥109,169,184.75 from ¥176,397,851.77, reflecting the scheduled settlement of project prepayments[13] - Long-term receivables decreased by 50.00% to ¥4,000,000.00 from ¥8,000,000.00, mainly due to the recovery of deposits from certain financing lease businesses[14] - Total liabilities decreased to CNY 1,142,505,027.24 in Q1 2021 from CNY 1,340,416,374.11 in Q4 2020, a reduction of about 14.7%[26] - The equity attributable to shareholders was CNY 649,085,457.77 as of March 31, 2021, compared to CNY 659,447,373.80 at the end of 2020, showing a decline of approximately 1.9%[27] Operational Metrics - The company has not disclosed any new product developments or market expansion strategies in this report[5] - The company's research and development expenses were not explicitly detailed in the report, indicating a focus on operational costs rather than R&D investment in this quarter[27] - The company reported a significant increase in sales expenses, which decreased by 64.57% to ¥1,964,723.07 from ¥5,545,787.91, due to reclassification of transportation costs[17] - The company's management expenses decreased to CNY 19,267,725.28 in Q1 2021 from CNY 22,610,816.76 in Q1 2020, a reduction of about 14.3%[30] - The financial expenses for Q1 2021 were CNY 7,846,515.72, down from CNY 8,891,260.42 in Q1 2020, indicating a decrease of approximately 11.8%[30] Shareholder Information - The total number of shareholders reached 27,708[11] - The largest shareholder, Beijing Hanjian Group Co., Ltd., holds 45.57% of the shares, totaling 133,697,200 shares[11]