长虹华意(000404) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥3,413,734,003.43, representing a 62.85% increase compared to ¥2,096,188,544.12 in the same period last year[8] - Net profit attributable to shareholders decreased by 14.85% to ¥6,965,669.80 from ¥8,180,808.20 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥-19,267,537.28, a significant decline of 1,327.82% compared to ¥1,569,244.60 in the previous year[8] - The company's operating revenue increased by 62.85% year-on-year, reaching CNY 3,413,734,003.43, attributed to expanded sales scale[16] - Total operating revenue for Q1 2021 reached CNY 3,413,734,003.43, a significant increase of 62.7% compared to CNY 2,096,188,544.12 in the same period last year[55] - The net profit for Q1 2021 was a loss of CNY 22.09 million, compared to a loss of CNY 3.88 million in Q1 2020, indicating a significant decline in profitability[60] - The total comprehensive income for Q1 2021 was a loss of CNY 22.09 million, compared to a loss of CNY 3.88 million in Q1 2020, indicating a deterioration in overall financial performance[60] Cash Flow - The net cash flow from operating activities was ¥-61,232,686.14, down 1,653.64% from ¥3,941,233.98 in the same period last year[8] - The cash flow from operating activities showed a net outflow of CNY 61.23 million in Q1 2021, contrasting with a net inflow of CNY 3.94 million in Q1 2020[63] - The cash inflow from investment activities in Q1 2021 was CNY 826.29 million, down from CNY 948.58 million in Q1 2020[63] - The financing activities generated a net cash inflow of CNY 65.77 million in Q1 2021, compared to CNY 84.38 million in Q1 2020, showing a decrease of approximately 22%[63] - In Q1 2021, the company reported a net cash flow from financing activities of -225,727,253.13 CNY, compared to -51,632,815.48 CNY in Q1 2020, indicating a significant increase in cash outflow[67] Assets and Liabilities - Total assets at the end of the reporting period were ¥11,797,834,676.55, an increase of 7.86% from ¥10,938,363,652.13 at the end of the previous year[8] - Current assets reached CNY 9.16 billion, an increase from CNY 8.34 billion, reflecting a growth of about 9.9%[47] - Total liabilities amounted to CNY 7.35 billion, up from CNY 6.52 billion, reflecting an increase of approximately 12.6%[49] - The company's equity attributable to shareholders reached CNY 3.32 billion, slightly up from CNY 3.32 billion, indicating stability in shareholder equity[50] Shareholder Information - The company reported a total of 35,980 shareholders at the end of the reporting period[11] - The largest shareholder, Sichuan Changhong Electric Co., Ltd., holds 30.60% of the shares, totaling 212,994,972 shares[11] Investment and Guarantees - The company provided a guarantee of CNY 130 million for Huayi Compressor (Jingzhou) Co., Ltd., with a balance of CNY 100 million at the end of the reporting period[24] - The company provided a guarantee of EUR 37 million for Huayi Compressor Barcelona S.L., with a balance of EUR 27.35 million and USD 70,000 at the end of the reporting period[24] - The company provided a guarantee of CNY 118 million for Changhong Granbo Technology Co., Ltd., with a balance of CNY 70 million at the end of the reporting period[24] - The company provided a guarantee of CNY 158 million for Hunan Granbo Intelligent Technology Co., Ltd., with a balance of CNY 90 million at the end of the reporting period[24] - The company has invested 116,756,000 CNY in derivative financial instruments, with a net asset value of 106,870,000 CNY at the end of the reporting period, representing 32.15% of total assets[34] Research and Development - Research and development expenses increased to CNY 88,866,821.52, up 21.5% from CNY 73,216,041.10 in the previous year[56] - The company reported a decrease in research and development expenses to CNY 18.38 million in Q1 2021 from CNY 19.93 million in Q1 2020, reflecting a reduction of about 7.8%[59] Other Financial Metrics - The weighted average return on net assets was 0.21%, a decrease of 0.04% from 0.25% in the previous year[8] - The company's investment income surged by 156.14% to CNY 24,059,313.65, resulting from higher returns on financial products and profits from joint ventures[17] - The financial expenses increased by 130.72%, totaling CNY 5,097,876.17, due to reduced interest income and foreign exchange losses[16]