HIG(SZ:000548)2021-04-29 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥85,839,523.24, representing a 215.90% increase compared to ¥27,172,783.27 in the same period last year[8]. - The net profit attributable to shareholders was ¥17,195,704.91, a significant recovery from a loss of ¥14,914,718.34 in the previous year[8]. - The net profit after deducting non-recurring gains and losses was ¥14,315,496.16, compared to a loss of ¥15,420,956.33 in the same period last year[8]. - The basic earnings per share for the period was ¥0.03, recovering from a loss of ¥0.03 in the same period last year[8]. - The weighted average return on equity improved to 0.95%, up from -0.88% in the previous year[8]. - Net profit reached ¥17,195,704.91, a significant increase compared to a loss of ¥17,338,966.23 in the same period last year, largely due to improved revenue from tolls and hotel operations[15]. - Total operating revenue for the first quarter reached ¥85,839,523.24, a significant increase from ¥27,172,783.27 in the previous period, representing a growth of approximately 216.5%[34]. - The net profit for the quarter was ¥17,195,704.91, a turnaround from a net loss of ¥17,338,966.23 in the same period last year[35]. - Earnings per share (EPS) for the quarter was reported at ¥0.03, compared to a loss per share of ¥0.03 in the previous year[36]. Assets and Liabilities - The company's total assets increased by 6.52% to ¥2,411,251,120.25 from ¥2,263,688,970.09 at the end of the previous year[8]. - The company's current assets totaled CNY 1,454,707,602.85, up from CNY 1,298,708,070.59, indicating an increase of about 12%[27]. - Total liabilities rose to CNY 600,148,956.54 from CNY 469,782,511.29, which is an increase of about 28%[29]. - The company's equity attributable to shareholders reached CNY 1,811,102,163.71, up from CNY 1,793,906,458.80, showing a slight increase of about 1%[29]. - The total assets of the company increased to ¥2,175,460,015.27 from ¥1,986,372,155.05, reflecting a growth of approximately 9.5%[33]. - The total liabilities decreased from ¥419,971,990.30 to ¥247,322,248.75, showing a reduction of about 41.0%[33]. - The company's equity increased to ¥1,755,488,024.97 from ¥1,739,049,906.30, marking a growth of approximately 0.9%[33]. Cash Flow - The net cash flow from operating activities was negative at -¥330,404,868.41, worsening from -¥118,524,437.04 in the same period last year, a decline of 178.77%[8]. - Operating cash inflow for the current period was CNY 95,339,262.07, a significant increase from CNY 47,014,131.98 in the previous period, reflecting a growth of approximately 102.4%[39]. - The cash flow from operating activities showed a net outflow of CNY 335,506,547.40, compared to -CNY 133,604,304.75 in the previous period, reflecting a deterioration in operational cash generation[43]. - Cash outflow for purchasing goods and services reached CNY 380,231,799.54, compared to CNY 114,145,927.09 in the prior period, indicating a rise of about 233.5%[39]. - The company reported a cash outflow from investment activities of CNY 29,253,625.50, compared to CNY 197,833.29 in the previous period, indicating a significant increase in investment spending[40]. Government Subsidies and Other Income - The company received government subsidies amounting to ¥3,714,154.44 during the reporting period[9]. - The company received a government subsidy of ¥3.5 million related to the expansion of the Changsha South Ring Road toll station, contributing to other income of ¥3,714,154.44, a 929.04% increase[14]. - The company reported other income of ¥3,714,154.44, up from ¥360,934.41 in the previous period, representing an increase of approximately 927.5%[35]. Project Developments - The company has completed construction acceptance for the Liuyang Wealth New City real estate project, indicating progress in its project pipeline[17]. - The Guangrun Fuyuan real estate project has completed design approvals and is currently in the process of obtaining construction permits[17]. Shareholder Information - The top shareholder, Changsha Ring Road Construction Development Group Co., Ltd., holds 32.31% of the shares, totaling 161,306,457 shares[11].