HFCC(SZ:002806)2021-04-29 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥98,693,916.73, representing a 57.22% increase compared to ¥62,775,798.05 in the same period last year[8]. - The net profit attributable to shareholders was -¥13,421,601.43, an improvement of 32.13% from -¥19,776,797.56 year-on-year[8]. - The company's basic earnings per share improved to -¥0.0760, a 32.26% increase from -¥0.1122 in the same period last year[8]. - The company reported a net loss of CNY 55,950,252.17 for the period, compared to a loss of CNY 42,528,650.74 in the previous period[35]. - Net profit for the first quarter was a loss of ¥12,806,589.04, compared to a loss of ¥19,492,611.47 in the same period last year, indicating an improvement of about 34.5%[42]. - The total profit margin showed a loss of ¥13,551,425.64, improving from a loss of ¥20,365,345.80 year-over-year[42]. Cash Flow - The net cash flow from operating activities was -¥32,296,485.25, a decline of 113.32% compared to -¥15,140,115.01 in the previous year[8]. - Cash flow from operating activities was ¥51,722,080.64, an increase from ¥40,224,088.81 in the prior period[49]. - Total cash inflow from operating activities reached 59,114,050.83 CNY, while cash outflow was 91,410,536.08 CNY, resulting in a net cash flow deficit[50]. - The net cash flow from operating activities was -32,296,485.25 CNY, compared to -15,140,115.01 CNY in the previous period, indicating a decline in operational performance[50]. - The company reported a significant increase in cash inflow from sales of goods and services, totaling 26,883,871.61 CNY, compared to 18,177,311.21 CNY in the previous period[53]. - The total cash outflow for operating activities was 62,375,959.81 CNY, slightly lower than 64,004,476.54 CNY in the previous period[53]. - The ending balance of cash and cash equivalents was 158,321,284.60 CNY, up from 106,180,697.80 CNY in the previous period[51]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,731,312,650.02, down 2.21% from ¥1,770,356,702.50 at the end of the previous year[8]. - The total liabilities decreased by 2.21% compared to the previous year, indicating a slight improvement in financial stability[8]. - The total current assets amounted to ¥716.23 million, down from ¥749.22 million at the end of 2020, indicating a decrease of about 4.4%[31]. - The company's inventory increased to ¥116.32 million from ¥93.42 million, reflecting a growth of approximately 24.5%[31]. - The accounts receivable decreased to ¥197.80 million from ¥234.00 million, showing a decline of about 15.5%[31]. - The total owner's equity decreased to CNY 1,044,646,853.74 from CNY 1,057,271,758.84, reflecting a decrease of about 1.2%[35]. - The company's short-term borrowings decreased to CNY 142,000,000.00 from CNY 152,000,000.00, a reduction of approximately 6.6%[34]. - The total non-current liabilities increased slightly to CNY 363,787,695.65 from CNY 360,104,295.83, indicating a growth of about 1.9%[34]. Operating Costs and Expenses - The company's operating costs increased by 63.51% to ¥85,208,176.64, driven by higher sales volume in the electrode foil market[15]. - Total operating costs increased to ¥118,232,615.00 from ¥85,573,837.58, representing a growth of approximately 38.1% year-over-year[41]. - Research and development expenses amounted to ¥3,956,142.00, up from ¥3,430,240.03, reflecting a 15.3% increase[41]. - Financial expenses rose to ¥7,643,829.52, compared to ¥6,700,184.22, marking a 14.1% increase[41]. Investments and Financing - The company reported a total of ¥13.80 million in entrusted financial management, all sourced from idle raised funds[23]. - The company has not engaged in any securities or derivative investments during the reporting period[18][19]. - Cash inflow from investment activities amounted to 120,973,024.92 CNY, significantly higher than 81,172,549.67 CNY in the previous period[51]. - The net cash flow from investment activities was -6,518,001.13 CNY, a decrease from a positive 35,232,142.97 CNY in the previous period[51]. - Cash inflow from financing activities totaled 20,000,000.00 CNY, consistent with the previous period[54]. - The net cash flow from financing activities was -11,519,374.23 CNY, compared to -81,118,267.05 CNY in the previous period, showing an improvement[51]. Government Support and Other Factors - The company received government subsidies amounting to ¥3,047,685.72 during the reporting period[9]. - The company has not experienced any overdue commitments from major shareholders or related parties during the reporting period[17]. - There were no significant contracts or major external guarantees reported during the period[26][27]. - The company has not made any new capacity investments due to the cautious approach taken in response to the COVID-19 pandemic[20]. - The company has not reported any expected inability to recover principal or other impairment risks related to entrusted financial management[25].