XHW(SH:603888)2021-04-28 16:00Financial Performance - Operating revenue for the period was CNY 278,258,661.38, representing a significant increase of 92.40% year-on-year[11]. - Net profit attributable to shareholders was CNY 6,814,892.79, a turnaround from a loss of CNY 58,543,088.76 in the same period last year, marking an increase of 111.64%[11]. - Basic earnings per share were CNY 0.0131, a substantial improvement from a loss of CNY -0.1128 per share in the same period last year, reflecting an increase of 111.61%[11]. - The company reported a net profit excluding non-recurring gains and losses of CNY -17,205,800.91, an improvement of 77.76% year-on-year[11]. - The company reported a total profit of 3,614,074.91, compared to a loss of 52,053,506.52 in the same period last year, showcasing a recovery in profitability[45]. - The total comprehensive income for the period is -2,895,598.09, compared to -57,840,252.16 in the previous year, indicating a significant reduction in losses[45]. Cash Flow - The net cash flow from operating activities was negative at CNY -155,201,897.70, worsening by 112.87% compared to the previous year[11]. - The net cash flow from operating activities is -155,201,897.70, worsening from -72,908,779.57 in the previous year, highlighting ongoing cash flow challenges[49]. - The net cash flow from investing activities decreased by 431.18% to -¥489,252,143.85 from ¥147,728,406.53[24]. - The cash flow from investing activities showed a net outflow of -409,682,149.16 RMB in Q1 2021, contrasting with a net inflow of 186,910,556.97 RMB in Q1 2020, reflecting a significant change in investment strategy[51]. - The cash inflow from operating activities totaled 213,795,210.93 RMB in Q1 2021, down 4.5% from 223,290,484.87 RMB in Q1 2020[51]. - The company reported cash outflows for operating activities of 296,144,610.58 RMB in Q1 2021, which is an increase of 6.5% compared to 278,007,870.75 RMB in Q1 2020[51]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,321,438,000.56, a decrease of 1.20% compared to the end of the previous year[11]. - Total liabilities decreased to ¥1,333,599,120.51 from ¥1,368,671,213.69, a decline of about 2.6%[32]. - Current liabilities decreased significantly to ¥497,050,589.26 from ¥621,269,249.66, a reduction of approximately 20%[32]. - Non-current assets increased to ¥1,600,147,046.08 from ¥1,506,212,507.29, an increase of about 6.2%[37]. - Total liabilities at the end of Q1 2021 were 1,368,671,213.69 RMB, down from 1,490,150,191.21 RMB at the end of Q1 2020, reflecting a decrease of about 8.2%[55]. - The total assets amounted to CNY 4,058,276,721.24, a decrease of CNY 104,329,524.10 compared to CNY 4,162,606,245.34[64]. Shareholder Information - The total number of shareholders at the end of the reporting period was 36,975[18]. - The largest shareholder, Xinhua News Agency, held 51.00% of the shares, totaling 264,679,740 shares[18]. - Total equity attributable to shareholders decreased to ¥2,987,838,880.05 from ¥3,005,039,147.14, a decline of approximately 0.6%[34]. - The company’s total equity decreased to CNY 2,958,332,205.02 from CNY 2,978,377,256.54 year-over-year[39]. Expenses - Operating costs increased by 45.64% to ¥203,785,464.13 from ¥139,923,863.28[21]. - Research and development expenses for Q1 2021 were CNY 10,248,648.28, slightly down from CNY 11,770,455.37 in Q1 2020, showing a decrease of approximately 12.9%[39]. - The company experienced a significant increase in sales expenses, which rose to CNY 51,190,964.64 in Q1 2021 from CNY 44,476,750.99 in Q1 2020, an increase of about 15.4%[39]. - The company reported investment losses of CNY -6,473,537.60 in Q1 2021, compared to losses of CNY -1,882,393.31 in Q1 2020, indicating a worsening in investment performance[39]. Government Support - The company received government subsidies amounting to CNY 16,771,667.10, closely related to its normal business operations[11].