Xianhe(SH:603733)2021-04-22 16:00Financial Performance - Operating revenue for the first quarter reached CNY 1,525,955,038.67, representing a 68.89% increase year-on-year[18] - Net profit attributable to shareholders was CNY 279,756,469.55, up 167.49% from the same period last year[18] - Basic earnings per share rose by 135.29% to CNY 0.40 compared to CNY 0.17 in the same quarter last year[18] - Total profit increased by 159.18% to ¥322,659,560.55 from ¥124,494,153.65, driven by higher sales volume and increased profits from joint ventures[32] - The company reported a significant increase in investment income by 110.59% to ¥69,536,860.39 from ¥33,020,036.05, primarily due to higher profits from joint ventures[32] - The total comprehensive income for Q1 2021 was ¥277,877,362.07, compared to ¥102,931,904.28 in Q1 2020, an increase of 169.5%[55] Cash Flow - The net cash flow from operating activities was CNY 108,735,098.81, a significant recovery from a negative cash flow of CNY -53,225,178.75 in the previous year[18] - Net cash flow from operating activities improved to ¥108,735,098.81 from a negative ¥53,225,178.75, mainly due to increased sales and collections from receivables[35] - The company's cash and cash equivalents decreased significantly to ¥44,563,579.08 from ¥213,984,932.65, a drop of approximately 79.21%[43] - The company's cash and cash equivalents at the end of Q1 2021 were 28,654,191.13 RMB, down from 83,421,071.55 RMB at the end of Q1 2020, reflecting a decrease of 65.6%[69] Assets and Liabilities - Total assets increased by 4.34% to CNY 8,309,249,327.64 compared to the end of the previous year[18] - Total liabilities reached ¥2,871,244,726.76, compared to ¥2,584,618,056.75, marking a growth of around 11.09%[43] - Current liabilities rose to ¥2,526,124,577.31 from ¥2,250,349,897.26, indicating an increase of approximately 12.24%[41] - Accounts receivable decreased by 49.59% to ¥3,142,833.82 from ¥6,235,093.30 due to the expiration of commercial acceptance notes[28] - Financing receivables increased by 49.88% to ¥1,090,502,831.48 from ¥727,593,097.48 due to increased bank acceptance settlement volume[28] Shareholder Information - The total number of shareholders at the end of the reporting period was 22,875[20] - Zhejiang Xianhe Holding Group Co., Ltd. held 76.49% of the shares, with 540,000,000 shares pledged[20] - Shareholders' equity increased to ¥5,438,004,600.88 from ¥5,378,978,641.26, showing a rise of about 1.10%[43] Research and Development - Research and development expenses for Q1 2021 were ¥31,236,755.48, compared to ¥27,854,860.50 in Q1 2020, indicating an increase of 11.4%[54] Future Outlook - Future outlook includes continued focus on market expansion and new product development to sustain growth momentum[53]