HIUV(SH:688680)2021-04-27 16:00Financial Performance - Operating revenue rose by 132.55% to CNY 561,191,966.23 year-on-year[5] - Net profit attributable to shareholders increased by 302.77% to CNY 74,138,175.79 compared to the same period last year[5] - Basic earnings per share reached CNY 0.96, a 231.03% increase from CNY 0.29 in the previous year[5] - The net profit for Q1 2021 reached ¥75,324,345.60, a 305.88% increase from ¥18,558,069.45 in the same period last year, attributed to higher profitability[15] - The company's revenue for Q1 2021 reached ¥576,429,693.07, a significant increase of 176.5% compared to ¥208,979,132.17 in Q1 2020[32] - The net profit for Q1 2021 was ¥55,088,221.13, up 45.0% from ¥10,076,467.72 in Q1 2020[32] - The total comprehensive income for Q1 2021 was ¥55,088,221.13, compared to ¥10,076,467.72 in Q1 2020, indicating a growth of 447.0%[33] Assets and Liabilities - Total assets increased by 89.55% to CNY 2,895,704,990.23 compared to the end of the previous year[5] - Total current assets as of March 31, 2021, reached CNY 2,506,671,031.69, compared to CNY 1,194,718,423.89 at the end of 2020, indicating strong liquidity[20] - The total assets of the company increased to CNY 2,895,704,990.23 from CNY 1,527,644,240.48 year-over-year, reflecting growth in the asset base[21] - The company’s total liabilities decreased slightly to CNY 675,501,875.36 from CNY 739,525,764.22, indicating improved financial stability[21] - Total liabilities reached ¥661,504,874.26 in Q1 2021, compared to ¥610,834,169.33 in Q1 2020, showing an increase of 8.3%[26] Cash Flow - The net cash flow from operating activities was negative at CNY -583,184,970.22, a significant decline compared to CNY -4,727,692.28 in the same period last year[5] - Cash paid for purchasing goods and accepting services increased significantly by 368.73% to CNY 672,020,570.86 from CNY 143,371,583.14 in the same period last year[17] - Cash inflow from operating activities in Q1 2021 was ¥154,073,880.32, down 7.5% from ¥166,533,190.10 in Q1 2020[34] - The total cash outflow for operating activities was 1,015,937,824.50 RMB, compared to 173,645,274.77 RMB in the same quarter last year[36] - Cash inflows from financing activities reached 1,455,469,631.13 RMB, with net cash flow from financing activities at 1,410,547,809.41 RMB, a notable increase from -1,700,361.68 RMB year-over-year[37] Research and Development - Research and development expenses accounted for 3.96% of operating revenue, up by 0.18 percentage points from the previous year[5] - Research and development expenses surged by 143.47% to ¥22,237,567.78 from ¥9,133,643.07, reflecting increased investment in R&D projects[15] - Research and development expenses for Q1 2021 were ¥22,237,567.78, significantly higher than ¥9,133,643.07 in Q1 2020, reflecting a growth of 143.5%[28] Shareholder Information - The total number of shareholders reached 6,419 by the end of the reporting period[10] - The top shareholder, Li Min, holds 23.83% of the shares, totaling 20,020,120 shares[10] Inventory and Accounts Receivable - Accounts receivable rose by 831.03% to ¥317,679,793.75 from ¥34,121,257.47, driven by a reduction in bill discounts following the influx of fundraising[13] - Inventory increased by 105.25% to ¥345,800,481.73 from ¥168,474,786.45, primarily due to rising raw material prices and increased stock levels[13] - The company reported a significant increase in inventory, which rose to ¥144,736,520.86 in Q1 2021 from ¥109,188,042.76 in Q1 2020, an increase of 32.5%[25] Financial Expenses - The company reported a 301.01% rise in financial expenses to ¥2,063,844.62 from ¥514,656.04, mainly due to increased loan interest payments[15] - The company reported a tax expense of ¥7,477,603.57 for Q1 2021, compared to ¥878,695.63 in Q1 2020, which is an increase of 748.0%[32] Employee Compensation - The number of employees increased, leading to a 63.35% rise in employee compensation liabilities to ¥21,802,860.19 from ¥13,347,165.21[13]