HAOMEI(SZ:002988)2021-04-23 16:00Financial Performance - The company's revenue for Q1 2021 was ¥986,983,830.79, representing an increase of 89.87% compared to ¥519,833,499.16 in the same period last year[7]. - Net profit attributable to shareholders was ¥25,856,744.42, up 62.15% from ¥15,945,882.73 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥23,262,825.75, reflecting a 64.35% increase from ¥14,154,750.40 in the previous year[7]. - The basic earnings per share increased by 21.55% to ¥0.1111 from ¥0.0914 in the same period last year[7]. - The company's operating revenue for Q1 2021 reached ¥986,983,830.79, representing an increase of 89.87% compared to ¥519,833,499.16 in Q1 2020[16]. - The net profit attributable to the parent company for Q1 2021 was ¥25,856,744.42, a growth of 62.15% from ¥15,945,882.73 in the same period last year[16]. - Net profit for the period was CNY 25,771,565.96, up from CNY 15,945,882.73, reflecting a growth of approximately 61.5%[42]. - Operating profit for the period was CNY 26,140,475.99, up from CNY 15,584,921.41, reflecting a growth of 67.0%[42]. - The total comprehensive income for the first quarter of 2021 was ¥22,813,992.34, compared to ¥20,036,915.53 in the same period last year, representing an increase of approximately 13.9%[47]. Cash Flow - The net cash flow from operating activities was negative at -¥425,716,117.65, worsening by 202.75% compared to -¥140,617,207.20 in the same period last year[7]. - The company's cash flow from operating activities showed a significant decline, with a net outflow of ¥425,716,117.65, compared to an outflow of ¥140,617,207.20 in Q1 2020, marking a decrease of 202.75%[17]. - Cash inflow from operating activities was ¥783,552,746.71, significantly up from ¥488,123,632.05, marking an increase of approximately 60.5%[49]. - Cash outflow from operating activities totaled ¥1,209,268,864.36, compared to ¥628,740,839.25 in the previous year, indicating an increase of about 92.2%[50]. - Cash inflow from investment activities was ¥152,739,777.79, up from ¥50,000,000.00, representing a growth of 205.5%[50]. - Cash outflow from investment activities increased to ¥276,742,110.82 from ¥112,355,995.61, a rise of approximately 146.2%[50]. - The net cash flow from financing activities improved to ¥174,485,759.63 from ¥15,608,282.25, showing a significant increase of about 1006.2%[51]. - The ending balance of cash and cash equivalents was ¥405,358,568.77, down from ¥177,995,360.41, reflecting a decrease of approximately 127.7%[51]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,112,773,715.50, a 2.47% increase from ¥4,013,614,714.62 at the end of the previous year[7]. - Current assets totaled approximately CNY 2.48 billion as of March 31, 2021, slightly up from CNY 2.47 billion at the end of 2020, indicating a marginal increase of 0.36%[32]. - Total liabilities increased from CNY 1.89 billion to CNY 1.99 billion, reflecting a rise of 5.8%[34]. - Total liabilities rose to CNY 1,591,878,922.67 from CNY 1,349,185,047.75, indicating a growth of approximately 18.0%[41]. - The company's total equity decreased from CNY 2.12 billion to CNY 2.11 billion, a decline of 0.3%[35]. - The company's total equity decreased slightly to CNY 2,060,960,272.53 from CNY 2,068,697,692.39, a decline of about 0.4%[41]. Investments and Expenses - Research and development expenses increased by 67.08% to ¥33,353,635.49, reflecting the company's commitment to innovation[16]. - Research and development expenses were CNY 33,353,635.49, compared to CNY 19,962,392.14 in the previous year, showing a 67.0% increase[41]. - The company plans to invest ¥800,571,000 in various projects, including ¥754,547,000 for aluminum alloy new material construction and ¥460,240 for R&D center construction in Q1 2021[23]. - The total cash flow from investment activities was a net outflow of ¥124,002,333.03, which is an increase of 98.86% from ¥62,355,995.61 in the previous year[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,621[11]. - The company has no reported violations regarding external guarantees or non-operating fund occupation by major shareholders during the reporting period[26][27]. Other Financial Metrics - The weighted average return on equity was 1.22%, slightly up from 1.12% in the previous year[7]. - The company received government subsidies amounting to ¥2,548,273.75 related to industrial development and technological innovation[8]. - The company reported a decrease in employee compensation payable from CNY 33.84 million to CNY 24.31 million, a reduction of 28.3%[34]. - The company’s other payables increased from CNY 26.28 million to CNY 52.84 million, a rise of 100.0%[34]. - The company has been affected by the EU's anti-dumping duties on aluminum profiles, with a tax rate of 21.2% applicable to its subsidiary[18]. - The company has a significant contract with Aikesen (Shanghai) Enterprise Management Co., Ltd. for the procurement of 120,000 tons of aluminum ingots, estimated at approximately ¥1.8 billion[24].