HCR(SH:688500)2021-04-29 16:00Financial Performance - Operating revenue for the period was CNY 76,655,804.60, representing a year-on-year increase of 32.16%[5] - Net profit attributable to shareholders of the listed company was CNY -1,127,371.47, an improvement from CNY -2,291,895.59 in the same period last year[5] - The basic and diluted earnings per share were both CNY -0.015, an improvement from CNY -0.041 in the same period last year[5] - The net profit for Q1 2021 was CNY 3,154,389.39, a significant improvement compared to a net loss of CNY 4,788,842.56 in Q1 2020[31] - Operating profit for Q1 2021 was CNY 2,760,393.18, compared to an operating loss of CNY 6,448,973.26 in the same period last year[31] - The company reported an investment income of CNY 3,000,213.08 in Q1 2021, compared to a loss of CNY 353,291.36 in Q1 2020[28] - The company's total comprehensive income for Q1 2021 was CNY 3,154,389.39, compared to a total comprehensive loss of CNY 4,788,842.56 in Q1 2020[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,388,901,457.57, a decrease of 2.81% compared to the end of the previous year[5] - The total number of shareholders at the end of the reporting period was 7,067[11] - The company's total current assets were CNY 1,197,871,043.05, down from CNY 1,241,266,518.80 at the end of 2020, indicating a decrease of about 3.5%[19] - The total liabilities decreased to CNY 125,706,089.86 from CNY 167,419,434.61, marking a significant reduction of approximately 25%[20] - Total liabilities for Q1 2021 were CNY 93,621,534.61, down from CNY 121,036,407.09 in Q1 2020, indicating a reduction of 22.6%[24] Cash Flow - The net cash flow from operating activities was CNY -61,524,377.73, worsening from CNY -35,733,096.96 in the same period last year[5] - Cash flow from operating activities showed a net outflow of CNY 61,524,377.73, worsening from a net outflow of CNY 35,733,096.96 in Q1 2020[33] - The company received CNY 300,000,000.00 from investment recoveries during Q1 2021, with no such recoveries reported in Q1 2020[33] - The cash outflow from investing activities was CNY 300,554,834.00 in Q1 2021, compared to CNY 298,989.00 in Q1 2020[34] - The cash flow from financing activities showed a net inflow of CNY 3,350,000.00 in Q1 2021, indicating a positive financing activity compared to the previous year[34] Expenses - Research and development expenses accounted for 14.16% of operating revenue, an increase of 1.53 percentage points compared to the previous year[7] - The company's sales expenses increased by 53.27% to RMB 17,878,021.74, primarily due to an increase in personnel and the consolidation of Xintang Puhua[15] - The company’s management expenses rose by 58.57% to RMB 8,897,017.35, attributed to increased personnel costs and the consolidation of Xintang Puhua[15] - Research and development expenses increased to CNY 8,550,315.87 in Q1 2021, compared to CNY 7,326,701.55 in Q1 2020, reflecting a growth of 16.7%[28] Shareholder Information - The top shareholder, Beijing Liangzhi Zhengde Enterprise Management Consulting Co., Ltd., held 22.62% of the shares[12] Other Financial Metrics - Non-recurring gains and losses totaled CNY -2,712.17 for the period[10] - The weighted average return on net assets was -0.092%, an improvement from -0.384% in the previous year[5] - The company achieved an investment income of RMB 3,000,213.08, a significant recovery from a loss of RMB -353,291.36 in the previous year[15] Future Outlook and Strategic Initiatives - Future outlook and performance guidance for the company are not provided in this document[37] - There are no mentions of new product or technology developments in the first quarter report[37] - The company has not disclosed any market expansion or acquisition strategies in this report[37] - No new strategic initiatives are outlined in the first quarter report[37]