Huati Tech(SH:603679)2021-04-26 16:00Financial Performance - Operating revenue for the current period was CNY 147,170,628.11, representing a decline of 32.31% year-on-year [5]. - Net profit attributable to shareholders of the listed company was CNY 20,438,813.83, down 31.31% from the previous year [5]. - Basic earnings per share decreased by 19.05% to CNY 0.17 compared to CNY 0.21 in the same period last year [5]. - Operating revenue declined by 32.31% to ¥147,170,628.11, mainly due to a decrease in integration project income [12]. - Operating costs decreased by 31.69% to ¥108,501,675.87, reflecting lower costs associated with integration projects [12]. - Net profit for Q1 2021 was ¥23,952,265.07, a decline of 20.4% from ¥30,034,441.06 in Q1 2020 [25]. - The net profit attributable to shareholders of the parent company was ¥24,027,872.76, down 19.2% from ¥29,737,800.03 in the same period last year [29]. - Operating profit for Q1 2021 was ¥25,497,483.06, a decline of 32.9% from ¥38,010,707.62 in Q1 2020 [29]. - The total comprehensive income for Q1 2021 was ¥23,952,265.07, compared to ¥30,034,441.06 in Q1 2020, reflecting a decrease of 20.4% [29]. Cash Flow - Cash flow from operating activities was CNY 70,280,340.26, a significant improvement from a negative cash flow of CNY -57,316,491.53 in the same period last year [5]. - Cash inflows from operating activities totaled ¥208,392,026.22, an increase from ¥127,038,949.70 in Q1 2020 [33]. - The net cash flow from operating activities was CNY 45,958,522.71, compared to a negative CNY 46,774,165.93 in the same period last year [35]. - Cash flow from investing activities increased by 6,859.81% to -¥70,151,595.50, indicating higher cash outflows for investments [13]. - The total cash outflow from investing activities was CNY 72,397,287.80, significantly higher than CNY 5,557,953.40 in Q1 2020 [37]. - The net cash flow from investing activities was negative CNY 72,385,977.80, compared to negative CNY 5,557,953.40 in the previous year [37]. - The company reported a cash outflow from financing activities of CNY 31,455,968.43, compared to CNY 20,881,864.13 in the same quarter last year [37]. - The net cash flow from financing activities was negative CNY 31,455,968.43, reflecting increased financial obligations [37]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,567,248,446.47, a decrease of 0.69% compared to the end of the previous year [5]. - Total liabilities as of March 31, 2021, were ¥578,849,556.83, a decrease from ¥609,327,990.28 at the end of 2020 [22]. - Shareholders' equity totaled ¥693,450,053.33 as of March 31, 2021, compared to ¥669,030,435.58 at the end of 2020, reflecting an increase of 3.1% [22]. - Cash and cash equivalents decreased to ¥205,308,698.69 from ¥262,407,581.84, a decline of 21.7% [20]. - Accounts receivable decreased to ¥215,630,268.34 from ¥226,777,613.38, a reduction of 4.8% [20]. - Inventory decreased to ¥74,674,212.36 from ¥86,181,931.44, a decline of 13.4% [21]. - Long-term borrowings decreased to ¥19,600,000.00 from ¥49,400,000.00, a significant reduction of 60.3% [22]. Shareholder Information - The number of shareholders at the end of the reporting period was 11,095, indicating a stable shareholder base [9]. - The top three shareholders held a combined 44.65% of the shares, with Liang Xi holding 16.99% [9]. Other Financial Metrics - The company reported non-recurring gains and losses totaling CNY 3,589,058.93, primarily from government subsidies and compensation received [8]. - Financial expenses increased significantly by 1,408.32% to ¥2,157,198.15, primarily due to increased convertible bond interest [12]. - Other income rose by 1,035.74% to ¥3,143,354.72, mainly from increased government subsidies compared to the previous year [12]. - Research and development expenses increased to ¥4,892,429.43, up 34.6% from ¥3,635,118.08 in Q1 2020 [29]. - The company incurred financial expenses of ¥1,651,595.63, compared to a financial income of -¥494,502.16 in the same period last year [29]. - The company has not applied the new leasing standards for the current year, indicating a focus on existing financial reporting practices [37].