HMJT(SZ:002356)2021-04-29 16:00Revenue and Profitability - The company's revenue for Q1 2021 was ¥103,990,884.13, representing a 32.84% increase compared to ¥78,281,197.99 in the same period last year[7]. - The net profit attributable to shareholders was -¥79,423,038.83, an improvement of 7.04% from -¥85,433,716.07 year-on-year[7]. - The basic and diluted earnings per share were both -¥0.1505, showing a 7.04% improvement from -¥0.1619 in the same period last year[7]. - The net profit for Q1 2021 was a loss of approximately CNY -83.90 million, compared to a loss of CNY -117.28 million in Q1 2020, showing an improvement of about 28.5%[64]. - The total comprehensive loss for Q1 2021 was CNY -83.90 million, compared to a loss of CNY -117.28 million in Q1 2020, showing an improvement of about 28.5%[66]. Cash Flow and Financial Activities - The net cash flow from operating activities was -¥51,652.29, a significant decline of 100.19% compared to ¥27,471,925.47 in the previous year[7]. - Cash inflow from operating activities was 139,017,096.71 CNY, down from 208,558,530.90 CNY in the previous period, reflecting a decrease of approximately 33.4%[72]. - Cash outflow from operating activities totaled 139,068,749.00 CNY, compared to 181,086,605.43 CNY in the previous period, showing a reduction of about 23.2%[74]. - Net cash flow from investment activities was -541,478.78 CNY, compared to 2,177,436.92 CNY in the previous period, indicating a decline[74]. - Cash outflow from financing activities was 2,718,204.69 CNY, down from 6,328,963.67 CNY in the previous period, reflecting a decrease of approximately 57.0%[76]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,007,101,627.44, down 10.96% from ¥1,131,023,675.20 at the end of the previous year[7]. - The total amount of non-operating funds occupied by related parties at the end of the reporting period is 19,240.53 million yuan, all of which occurred in 2018[40]. - The total liabilities amounted to CNY 4,082,901,494.96, a slight decrease from CNY 4,122,921,477.24 in the previous quarter[53]. - The total current liabilities decreased to CNY 3,245,837,753.21 from CNY 3,293,324,262.35[53]. - The company's total liabilities decreased slightly from 1,131,023,675.20 yuan at the end of 2020 to 1,007,101,627.44 yuan by March 31, 2021[49]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,569[11]. - The largest shareholder, Hanqiao Machinery Factory Co., Ltd., held 30.43% of the shares, amounting to 160,599,000 shares[11]. - The total equity attributable to shareholders of the parent company was CNY -2,345,745,191.57, compared to CNY -2,266,322,152.74 in the previous period[53]. Operational Performance - Operating costs amounted to 74.96 million yuan, up 70.83% year-on-year, mainly driven by the increase in operating revenue[19]. - The company achieved operating revenue of 103.99 million yuan, a year-on-year increase of 32.84%, primarily due to the recovery of store revenue in the commercial sector[19]. - The company reported a net cash flow from investment activities of -0.54 million yuan, a 124.87% decrease year-on-year, due to increased renovation investments for new store openings[20]. - The company has initiated a pre-restructuring process following a court application by creditors, which may improve its financial structure if successfully implemented[21]. - The company faces risks of bankruptcy if the restructuring process is not successfully executed[22]. Investment and Expenses - Investment income was -5.72 million yuan, a decline of 1,193.88% year-on-year, primarily due to increased losses from Wan Hong Fund investments[19]. - Research and development expenses for Q1 2021 were CNY 1.38 million, a decrease from CNY 1.78 million in Q1 2020, reflecting a reduction of approximately 22.4%[62]. - The financial expenses for Q1 2021 amounted to CNY 48.56 million, up from CNY 39.96 million in the same quarter last year, marking an increase of about 21.5%[62]. - The investment loss for Q1 2021 was CNY 5.72 million, compared to a loss of CNY 0.44 million in the previous year, indicating a deterioration in investment performance[62]. Inventory and Receivables - Accounts receivable decreased from 208,779,651.34 yuan at the end of 2020 to 195,479,004.93 yuan by March 31, 2021, a reduction of about 6.4%[47]. - Inventory decreased from 162,212,713.18 yuan at the end of 2020 to 150,850,505.63 yuan by March 31, 2021, indicating a decline of approximately 7.0%[47]. - The company's inventory decreased to CNY 6,438,288.89 from CNY 7,035,468.24[54]. Financial Reporting and Compliance - The first quarter report was not audited, which may affect the reliability of the financial data presented[89]. - The company is implementing new leasing standards starting in 2021, which may affect financial reporting[80].