Haoneng(SH:603809)2021-04-26 16:00Financial Performance - In Q1 2021, the company achieved a net profit attributable to shareholders of RMB 74.69 million, an increase of 87.34% year-on-year after excluding stock incentive expenses[6]. - Operating revenue for the period was RMB 365.92 million, representing a year-on-year growth of 69.78%[7]. - Basic earnings per share rose to RMB 0.3065, up 60.72% from RMB 0.1907 in the previous year[7]. - The company reported a significant increase in sales expenses, which rose by 100.28% to ¥8,274,013 from ¥4,131,266, attributed to higher logistics and warehousing costs[13]. - Net profit for Q1 2021 was ¥70,879,668, representing a 68.5% increase from ¥42,083,301 in Q1 2020[27]. - The total comprehensive income for Q1 2021 was ¥70,879,668.91, compared to ¥42,083,301.06 in Q1 2020, marking a growth of 68.5%[27]. Cash Flow - The net cash flow from operating activities was RMB 62.87 million, a decrease of 31.38% compared to the same period last year[7]. - The net cash flow from financing activities surged to ¥125,557,320, a 1162.35% increase from -¥11,818,773, primarily due to increased borrowings[14]. - Cash flow from operating activities for Q1 2021 was ¥62,867,280.82, down 31.4% from ¥91,617,992.94 in Q1 2020[33]. - The company reported a net cash outflow from investing activities of ¥330,683,470.56 in Q1 2021, compared to a net outflow of ¥38,974,507.10 in Q1 2020[33]. - The company's cash inflow from operating activities decreased by approximately 60% year-over-year, indicating potential operational challenges[35]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 3.47 billion, a 5.60% increase from the end of the previous year[7]. - The company reported a significant increase in other current assets by 822.89% to RMB 168.25 million, primarily due to loans to a local investment group[12]. - The company’s total liabilities increased by 34.63% in tax payable, attributed to an expanded consolidation scope[12]. - Total liabilities reached ¥1,479,372,392.13, up from ¥1,373,685,056.33, marking an increase of around 7.7%[21]. - Total liabilities as of March 31, 2021, amounted to ¥595,361,966, an increase of 49.4% from ¥398,486,198.90 at the end of 2020[24]. Research and Development - Research and development expenses rose significantly by 137.13% to ¥19,640,853 from ¥8,282,903, reflecting increased investment in R&D projects[13]. - The company's management indicated a focus on expanding R&D and enhancing product offerings in the upcoming quarters[30]. - Research and development expenses for Q1 2021 were ¥19,640,853, which is an increase of 137.5% compared to ¥8,282,903 in Q1 2020[26]. Shareholder Information - The number of shareholders reached 8,287, with the top ten shareholders holding a combined 53.03% of shares[10]. - Shareholders' equity increased to ¥1,989,365,890.66 from ¥1,911,094,607.21, showing a growth of about 4.1%[21]. Government Subsidies - The company received government subsidies amounting to RMB 1.94 million, which are not related to normal business operations[6]. - The company received government subsidies amounting to ¥63,300,000 for the automotive synchronizer system intelligent production base project, which will be amortized over 86 months[15].