HLSY(SZ:000622)2021-04-21 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥82,407,811.87, representing a significant increase of 297.89% compared to ¥20,710,952.97 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥1,042,165.97, which is a 13.21% improvement from a loss of ¥1,200,802.67 in the previous year[8] - The company's operating costs rose by 328.64% to CNY 7,800.85 million, reflecting the normalization of trade activities after the pandemic[17] - Total operating revenue for Q1 2021 was CNY 82,407,811.87, a significant increase from CNY 20,710,952.97 in the same period last year, representing a growth of approximately 297.5%[41] - The net loss for Q1 2021 was CNY 1,034,618.25, an improvement from a net loss of CNY 1,285,729.00 in Q1 2020, reflecting a reduction in losses of approximately 19.5%[43] Cash Flow and Liquidity - The net cash flow from operating activities was -¥81,152,559.35, reflecting a 43.28% increase in cash outflow compared to -¥56,639,303.37 in the same period last year[8] - The company reported a total comprehensive income of -CNY 1,527,846.08 for the period[50] - The cash inflow from sales of goods and services was CNY 75,007,745.15, significantly higher than CNY 32,181,245.50 from the previous period, marking an increase of about 133.3%[49] - The cash outflow from operating activities amounted to CNY 157,154,710.08, up from CNY 91,251,661.52, indicating a rise of about 72.2%[50] - The company's cash and cash equivalents decreased by 77.55% to CNY 2,323.07 million from CNY 10,346.86 million, primarily due to the return of pre-received payments of CNY 70 million and operational expenses[16] Assets and Liabilities - The total assets at the end of the reporting period were ¥319,846,479.36, down 17.53% from ¥387,837,529.92 at the end of the previous year[8] - The total liabilities of the company decreased to 107,427,996.10 CNY as of March 31, 2021, down from 174,384,428.41 CNY at the end of 2020, reflecting a reduction of about 38.3%[35] - The company's total current assets amount to 302,369,139.74 CNY, a decrease from 369,785,415.70 CNY on December 31, 2020, representing a decline of approximately 18.2%[33] - The company's accounts receivable surged by 449.63% to CNY 10,750.06 million from CNY 1,955.87 million, mainly due to increased sales by the subsidiary trading company[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 34,222[11] - The largest shareholder, China Huayang Investment Holdings Co., Ltd., held 17.99% of the shares, amounting to 76,496,653 shares[11] - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[12] Research and Development - Research and development expenses increased by 37.23% to CNY 36.95 million, driven by higher investment in the subsidiary's R&D efforts[17] - Research and development expenses for Q1 2021 were CNY 369,457.21, up from CNY 269,226.99 in the previous year, indicating an increase of approximately 37.2%[42] Government Support - The company received government subsidies amounting to ¥27,333.00 during the reporting period[9] Contractual Obligations - The total amount of contracts signed by Hunan Hengsheng Huitong International Trade Co., Ltd. includes 37,674,000 CNY for ethylene glycol and 26,209,800 CNY for lithium iron phosphate, both of which are currently unfulfilled[24] - The company has completed contracts worth 59,241,000 CNY for ethylene glycol, with a recognized sales revenue of 52,425,663.72 CNY, and has received payment[24] Financial Reporting - There were no significant changes in the company's financial indicators that required retrospective adjustments or restatements[8] - The report was not audited, indicating that the figures presented are subject to further verification[55]