HEC(SZ:000886)2021-04-27 16:00Financial Performance - The company's operating revenue for Q1 2021 was CNY 8,348,022.20, representing a 13.32% increase compared to CNY 7,367,008.01 in the same period last year[10]. - The net profit attributable to shareholders was CNY 14,214,787.23, a significant recovery from a loss of CNY 9,058,566.25 in the previous year[10]. - Operating profit improved to ¥20,487,106.91 compared to a loss of ¥7,893,851.38 in the previous period[47]. - Net profit for the period reached ¥14,214,505.98, a substantial recovery from a net loss of ¥9,058,100.27 in the prior year[48]. - Earnings per share (EPS) increased to ¥0.014 from a loss of ¥0.009, indicating a positive turnaround[48]. - The company achieved a total comprehensive income of ¥14,214,505.98, recovering from a loss of ¥9,058,100.27 in the previous period[48]. Cash Flow - The net cash flow from operating activities was negative at CNY -50,192,668.94, a decline of 49.20% from CNY -33,641,161.99 year-on-year[10]. - Cash flow from operating activities was negative at -¥50,192,668.94, a 49.20% decline compared to the previous year, primarily due to land value-added tax payments[20]. - Cash inflow from operating activities totaled ¥21,069,614.81, up from ¥11,691,511.22, showcasing improved cash generation capabilities[55]. - The net cash flow from investment activities was -32,607,112.26, a decrease from 106,285,228.83 in the previous period, reflecting a decline of approximately 130.7%[57]. - The net cash flow from financing activities was -844,427.91, compared to 534,469.63 in the previous period, indicating a decline of approximately 257.5%[60]. - The net increase in cash and cash equivalents was -¥83,644,209.11, reflecting a 214.30% decline from the previous year[20]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,238,312,101.08, showing a slight increase of 0.36% from CNY 3,226,570,219.51 at the end of the previous year[10]. - Total liabilities rose to ¥398,163,130.35, up from ¥392,843,786.79, indicating an increase of about 1.3%[39]. - The total owner's equity reached ¥2,840,148,970.73, a slight increase from ¥2,828,033,508.09, reflecting a growth of approximately 0.43%[41]. - The company reported a total current liability of ¥350,393,019.29, which is an increase from ¥345,085,494.08, representing a growth of about 1.0%[39]. - The company’s total liabilities amounted to CNY 392,843,786.79, a slight increase of CNY 305,729.29[63]. Investments - The company reported a 64.49% increase in trading financial assets, totaling CNY 699,163,096.98, primarily due to the purchase of bank wealth management products[18]. - Long-term equity investments rose by 138.33% to CNY 856,420,667.78, reflecting increased investments in associated companies[18]. - Investment income reached ¥28,625,150.21, a turnaround from a loss of ¥12,209,105.18 in the previous year, due to the reduction of shares in listed companies and recognition of equity investment income[19]. - Investment income surged to ¥28,625,150.21 from a loss of ¥12,209,105.18, reflecting a strong performance in investment activities[47]. Operating Costs and Expenses - Operating costs increased by 99.89% to ¥5,106,363.04 due to new property maintenance costs and cultural tourism project costs[19]. - Total operating costs rose significantly to ¥18,940,989.05 from ¥11,561,511.38, an increase of about 63.8%[46]. - The company reported a significant increase in sales expenses to ¥1,828,922.62 from ¥1,741,232.35, indicating higher investment in sales efforts[47]. - Management expenses rose to ¥16,968,797.00 from ¥14,004,766.12, reflecting increased operational costs[47]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 73,527, with the largest shareholder holding 25.34% of the shares[14]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[15]. Regulatory and Reporting Notes - The first quarter report was not audited, indicating preliminary financial results[66]. - The company has adopted the new leasing standard effective January 1, 2021, impacting asset and liability reporting[66].