Huasun(SZ:000790)2021-04-08 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥148,511,424.02, representing a 14.92% increase compared to ¥129,229,750.18 in the same period last year[7]. - Net profit attributable to shareholders was ¥11,715,714.45, an increase of 82.76% from ¥6,410,500.38 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥13,899,723.69, up 31.91% from ¥10,536,884.02 in the previous year[7]. - Total operating revenue for Q1 2021 was ¥148,511,424.02, an increase of 14.87% compared to ¥129,229,750.18 in the previous period[40]. - Net profit for Q1 2021 reached ¥11,865,391.51, representing a 85.66% increase from ¥6,410,500.38 in the same period last year[41]. - Operating profit for Q1 2021 was ¥15,539,049.78, a slight increase of 9.43% compared to ¥14,199,590.39 in the previous period[41]. - The company reported a total profit of ¥15,552,423.31 for Q1 2021, which is a 70.56% increase from ¥9,117,563.50 in the previous period[41]. Cash Flow - The net cash flow from operating activities was -¥57,536,200.29, a decrease of 203.44% compared to -¥18,961,142.53 in the same period last year[7]. - The net cash flow from operating activities recorded a deficit of CNY 57.54 million, an increase in deficit of CNY 38.58 million year-on-year, driven by increased cash receipts from sales and higher payments for raw materials and labor[16]. - Total cash inflow from operating activities was 195,544,500.14 CNY, while cash outflow was 253,080,700.43 CNY, resulting in a net cash outflow of 57,536,200.29 CNY[49]. - The company experienced a net decrease in cash and cash equivalents of -144,907,087.00 CNY in Q1 2021, compared to -17,040,920.41 CNY in Q1 2020[51]. - The total cash outflow for operating activities was 253,080,700.43 CNY, which is an increase of approximately 53% compared to the previous year's outflow of 165,677,426.67 CNY[49]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,177,794,235.13, a 3.31% increase from ¥1,140,012,121.38 at the end of the previous year[7]. - Total liabilities increased to CNY 253,475,321.57 from CNY 227,558,599.33, reflecting a growth of about 11.4%[34]. - Current liabilities rose to CNY 221,571,216.37 from CNY 214,089,643.51, marking an increase of approximately 3.5%[34]. - The company's long-term equity investments increased to CNY 217,490,000.00 from CNY 167,490,000.00, representing a growth of 29.9%[37]. - The company's retained earnings increased to CNY 150,470,648.03 from CNY 138,754,933.58, an increase of approximately 8.8%[35]. Investments and Expenditures - The company established a new subsidiary, Hainan Huasheng Development Holdings Group Co., Ltd., incurring costs of ¥15,291,700 for office building purchases and land auction deposits[15]. - Cash and cash equivalents decreased by 35.76% to ¥14,488.73 million, primarily due to investments in new business developments[15]. - Net cash flow from investing activities showed a deficit of CNY 87.37 million, a decrease in deficit of CNY 89.29 million year-on-year, mainly due to prepayments and deposits for office buildings and land purchases in Hainan by subsidiary Hainan Huashen Development Holding Group[16]. - Cash outflow from investment activities was 92,165,926.86 CNY, compared to only 37,600.00 CNY in the same period last year[50]. Operational Metrics - The basic earnings per share increased to ¥0.02, doubling from ¥0.01 in the previous year[7]. - The weighted average return on net assets was 1.28%, up from 0.73% year-on-year[7]. - Research and development expenses for Q1 2021 were ¥2,063,937.22, down 33.51% from ¥3,103,927.14 in the previous period[40]. - Sales expenses for Q1 2021 were ¥57,150,934.85, a decrease of 11.43% compared to ¥64,372,523.96 in the previous period[40]. - The company experienced a foreign exchange loss of ¥2,084,538.00 in Q1 2021[40].