HYC(688001)2021-04-27 16:00Financial Performance - Operating revenue for the period was ¥282,490,532.70, representing a year-on-year growth of 64.48%[17] - Net profit attributable to shareholders was ¥28,196,464.55, a significant increase of 175.82% compared to the same period last year[17] - The company reported a net profit excluding non-recurring gains and losses of ¥23,975,012.79, a remarkable increase of 410.98% year-on-year[17] - Basic earnings per share were ¥0.06, doubling from ¥0.03 in the same period last year[17] - Operating profit for Q1 2021 was ¥30,965,285.01, up 127.5% from ¥13,645,897.73 in Q1 2020[54] - Net profit attributable to shareholders for Q1 2021 was ¥28,196,464.55, compared to ¥10,222,765.99 in Q1 2020, reflecting a growth of 176.5%[54] Cash Flow - The net cash flow from operating activities was ¥41,347,168.96, up 23.60% year-on-year[17] - Cash flow from operating activities for the first quarter of 2021 was CNY 41,347,168.96, an increase from CNY 33,453,031.41 in the first quarter of 2020, showing a growth of about 23%[68] - Total cash inflow from operating activities was CNY 438,183,590.07, compared to CNY 263,255,817.07 in the previous year, representing an increase of approximately 66%[68] - Cash outflow from operating activities was CNY 396,836,421.11, up from CNY 229,802,785.66 in the first quarter of 2020, indicating a rise of about 73%[68] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,747,761,415.94, an increase of 2.81% compared to the end of the previous year[17] - Total liabilities increased to ¥543,724,756.39 from ¥477,521,141.22, representing a rise of approximately 13.84%[41] - The total inventory increased by 59.53% to ¥409,235,750.08 from ¥256,529,605.76, driven by enhanced production and stockpiling[29] - The total current liabilities include accounts payable of 285,229,506.25 and short-term borrowings[83] Shareholder Information - The total number of shareholders at the end of the reporting period was 10,098[21] - The top shareholder, Suzhou Yuanhua Chuangxing Investment Management Co., Ltd., held 52.67% of the shares[21] - Total equity attributable to shareholders grew to ¥3,204,036,659.55 from ¥3,167,883,268.66, reflecting an increase of about 1.14%[41] Research and Development - The proportion of R&D investment to operating revenue was 22.43%, slightly up by 0.38 percentage points from the previous year[17] - The company's research and development expenses rose by 67.33% to ¥63,358,770.86 from ¥37,864,269.44, reflecting increased investment in R&D projects[32] Inventory and Receivables - Accounts receivable surged by 2,773.16% to ¥754,408.35 from ¥26,257.14, primarily due to an increase in customer bank acceptance bills received[29] - Inventory increased significantly to ¥350,561,734.11 from ¥207,175,034.19, showing a growth of approximately 69.0%[46] Other Financial Metrics - The weighted average return on net assets increased by 0.35 percentage points to 0.89%[17] - The company's long-term deferred expenses increased by 227.56% to ¥10,992,713.99 from ¥3,355,962.17, mainly due to increased leasing of factory and office space[29] - The company reported a significant increase in other non-current assets, which rose by 897.91% to ¥25,543,070.11 from ¥2,559,644.13, mainly due to increased prepayments for fixed asset purchases[29]