HNTY(SH:900946)2021-04-29 16:00Financial Performance - Operating revenue for the current period reached CNY 169,819,845.02, representing a significant increase of 74.31% year-on-year[6] - Net profit attributable to shareholders was CNY 3,815,861.29, up 72.13% from the same period last year[6] - Basic and diluted earnings per share were both CNY 0.0036, reflecting a growth of 71.43% compared to the previous year[7] - The total profit for Q1 2021 was 3,810,060.16 CNY, compared to 2,226,508.12 CNY in Q1 2020, representing an increase of approximately 71.3%[26] - The net profit for Q1 2021 reached 3,815,861.29 CNY, up from 2,216,860.41 CNY in the same period last year, indicating a growth of about 72.1%[26] Cash Flow - The net cash flow from operating activities was negative at CNY -35,338,873.86, a decline of 1,654.27% year-on-year[6] - Operating cash flow for Q1 2021 was -35,338,873.86 CNY, a decline from 2,273,663.44 CNY in Q1 2020, indicating a significant decrease in cash flow from operations[31] - Cash inflow from operating activities totaled 80,366,563.79 CNY in Q1 2021, down from 124,627,317.34 CNY in Q1 2020, representing a decrease of about 35.5%[31] - Cash outflow from operating activities was 115,705,437.65 CNY in Q1 2021, compared to 122,353,653.90 CNY in Q1 2020, showing a decrease of approximately 5.4%[32] - The company reported a net cash flow from financing activities of -294,548.57 RMB in Q1 2021, compared to -19,818,007.89 RMB in the same period last year, showing a significant reduction in cash outflow[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,239,274,331.34, a decrease of 2.61% compared to the end of the previous year[6] - The company's total liabilities amounted to ¥455,423,981.70 as of March 31, 2021, down from ¥493,022,589.16 at the end of 2020[20] - The total assets of the company as of Q1 2021 amounted to 1,272,452,054.96 RMB, remaining unchanged from the previous year[39] - The total liabilities were reported at 493,022,589.16 RMB, consistent with the previous year's figures, indicating stable financial leverage[38] Shareholder Information - The total number of shareholders at the end of the reporting period was 84,034[10] - The largest shareholder, China Changan Automobile Group Co., Ltd., held 398,067,580 shares, accounting for 37.40% of total shares[10] Research and Development - Research and development expenses rose by 57.58% to CNY 8,512,229.44, reflecting increased investment in R&D due to heightened emission standards[13] - Research and development expenses for Q1 2021 were ¥8,512,229.44, up from ¥5,401,782.78 in Q1 2020, indicating a focus on innovation[25] Other Financial Metrics - The weighted average return on equity increased by 0.2 percentage points to 0.49%[6] - The company reported non-recurring gains of CNY 1,281,054.11, primarily from government subsidies[8] - The company has seen a 100% reduction in other current liabilities due to reclassification adjustments during the audit[12] - The company reported a 67.44% decrease in taxes payable, down to CNY 2,457,705.64 from CNY 7,548,883.81, due to a significant increase in procurement volume[12] Market and Product Development - The company has not disclosed any new product developments or market expansion strategies in this report[5] - The company has not reported any significant new product launches or technological advancements in the current quarter[35] - There are no indications of market expansion or mergers and acquisitions activities reported in the current financial results[35]