HHKJ(SZ:002296)2021-04-14 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥109,492,234.30, representing an increase of 83.20% compared to ¥59,765,104.01 in the same period last year[8]. - The net profit attributable to shareholders was ¥28,264,963.42, a significant increase of 121.76% from ¥12,745,831.46 year-on-year[8]. - Basic earnings per share rose to ¥0.0725, up 114.50% from ¥0.0338 in the same period last year[8]. - The net profit attributable to the parent company increased by 121.76% compared to the same period last year, mainly due to increased revenue and VAT refunds received[17]. - The net profit for the first quarter reached CNY 27,875,748.68, up from CNY 11,063,777.96, reflecting a growth of approximately 151.1%[46]. - The company reported a total comprehensive income of CNY 29,498,608.24, which is double the CNY 14,563,536.11 reported in the same quarter last year[51]. Cash Flow - The net cash flow from operating activities reached ¥69,492,541.26, marking a 541.39% increase from a negative cash flow of ¥15,743,876.83 in the previous year[8]. - The net cash flow from operating activities increased by 541.39% year-on-year, primarily due to increased cash received from sales and VAT refunds[17]. - Cash flow from operating activities generated a net amount of CNY 69,492,541.26, a turnaround from a negative cash flow of CNY 15,743,876.83 in the previous year[54]. - The net cash flow from investment activities surged by 63842.09% year-on-year, mainly due to the maturity of financial products[17]. - The net cash flow from investment activities was 120,798,358.86 CNY, compared to a negative cash flow of -662,364.85 CNY in the previous year[58]. - The net increase in cash and cash equivalents was 126,151,774.79 CNY, contrasting with a decrease of -29,799,021.15 CNY in the prior year[58]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,110,690,023.30, a decrease of 2.66% from ¥2,168,359,727.18 at the end of the previous year[8]. - The company's total assets amounted to CNY 2,110,690,023.30, a decrease from CNY 2,168,359,727.18 at the end of 2020, reflecting a decline of approximately 2.65%[39]. - The total liabilities decreased to CNY 500,841,076.88 from CNY 526,409,473.43, a decline of about 4.85%[38]. - The total liabilities decreased from CNY 697,048,656.18 to CNY 657,766,762.36, a decline of approximately 5.6%[42]. - The total equity attributable to shareholders decreased to CNY 1,580,615,934.52 from CNY 1,612,328,027.11, reflecting a decrease of approximately 1.96%[39]. - The total equity decreased from CNY 1,454,232,878.68 to CNY 1,423,754,430.91, reflecting a decline of approximately 2.1%[42]. Expenses - The company's sales expenses increased by 65.09% year-on-year, primarily due to reduced travel and entertainment expenses in the previous year caused by the pandemic[16]. - The management expenses surged by 108.10% compared to the previous year, mainly due to expenses related to equity incentives[16]. - Research and development expenses were CNY 12,666,884.51, slightly down from CNY 13,907,047.18, indicating a focus on cost management in R&D[45]. - The company reported a tax expense of CNY 3,906,709.31, compared to CNY 1,588,805.63 in the previous year, representing an increase of 146.3%[50]. Contracts and Investments - The company signed a contract with Zhengzhou Metro Group for a total amount of RMB 549,660,228.00 for the comprehensive monitoring system integration project[18]. - The company also signed a contract with Luoyang Metro Group for a total amount of RMB 86,895,056.00 for the comprehensive monitoring system integration project[18]. - The company has invested RMB 21,868,330.71 from the raised funds in the current year, with a cumulative investment of RMB 384,380,010.41[25]. - The company incurred a credit impairment loss of CNY 898,637.82, which is an improvement from CNY 1,310,322.64 in the previous year[50]. Government Support - The company received government subsidies amounting to ¥1,817,835.61 during the reporting period[9]. - The company received a total of RMB 13,307,973.46 in VAT refunds, which will positively impact the company's 2021 financial results[18]. Share Repurchase - As of March 31, 2021, the company repurchased a total of 9,783,271 shares, accounting for 2.51% of the total share capital, with a total transaction amount of RMB 66,508,389.34[21]. Compliance and Governance - The company reported no overdue receivables or non-compliance with external guarantees during the reporting period[29][30]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[30]. - The company has not conducted any research, communication, or interview activities during the reporting period[31]. - The company did not undergo an audit for the first quarter report[60]. - The company did not apply the new leasing standards for the first quarter of 2021[59].