XYGF(SZ:300159)2021-04-29 16:00Revenue and Profit - Revenue for the first quarter was ¥106,717,224.16, a decrease of 9.55% compared to ¥117,987,796.46 in the same period last year[8] - Net profit attributable to shareholders was -¥43,961,113.68, representing a decline of 295.97% from -¥11,102,045.92 year-on-year[8] - The company reported total operating revenue of 106.7 million yuan, a decrease of 9.55% compared to the same period last year, and a net profit attributable to shareholders of -43,961,113.68 yuan, a decline of 295.97% year-on-year[16] - The net profit for the first quarter of 2021 was -46,493,880.78 CNY, compared to -12,658,816.69 CNY in the same period last year, indicating a significant increase in losses[46] - The total profit for the first quarter was -45,203,454.74 CNY, which is a decline from -12,192,727.40 CNY year-over-year[46] Earnings Per Share - Basic and diluted earnings per share were both -¥0.0295, down 298.65% from -¥0.0074 in the same period last year[8] - The basic and diluted earnings per share were both -0.0295 CNY, compared to -0.0074 CNY in the previous year[47] Cash Flow - Net cash flow from operating activities improved to -¥20,897,751.83, a 74.95% increase from -¥83,429,887.52 in the previous year[8] - The net cash flow from operating activities was -20,897,751.83 CNY, an improvement from -83,429,887.52 CNY in the previous year, indicating a reduction in cash outflow[54] - Cash flow from operating activities was 237,813,641.67 CNY, slightly down from 240,830,678.34 CNY in the same period last year[53] - Total cash inflow from financing activities was 278,000,000.00 CNY, while cash outflow was 321,632,010.41 CNY, resulting in a net cash flow of -43,632,010.41 CNY[55] - The company recorded a cash inflow of 7,410,129.83 CNY from other operating activities, compared to only 2,857.08 CNY in the previous year[56] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,112,143,684.76, an increase of 1.31% from ¥5,046,118,864.76 at the end of the previous year[8] - Total liabilities increased to CNY 3,354,487,536.06 from CNY 3,241,977,135.00[39] - The company's total equity decreased to CNY 1,757,656,148.70 from CNY 1,804,141,729.76[39] - The total current assets increased to ¥2,782,058,723.33 from ¥2,675,014,667.79 at the end of the previous year, reflecting a growth of approximately 4%[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 69,095[11] - The largest shareholder, Huokou Huakong Venture Capital Co., Ltd., held 8.60% of the shares, totaling 128,148,293 shares[11] Operational Performance - Accounts receivable increased by 78.48% to 131,631,979.06 yuan due to a higher volume of received bills during the period[15] - Contract liabilities surged by 254.64% to 109,429,545.70 yuan, driven by favorable payment policies implemented to boost cash collection[15] - Total operating costs increased to CNY 166,017,582.45 from CNY 147,501,573.22, with operating costs specifically rising to CNY 88,152,006.97 from CNY 81,512,154.30[45] Strategic Initiatives - The company plans to enhance its product quality and production efficiency while reducing costs through the implementation of a new generation of production information management systems[20] - The agricultural machinery segment saw a significant increase in order volume compared to the same period last year, attributed to favorable national policies and market conditions[17] - The company is focusing on technological upgrades and product quality improvements in its agricultural machinery segment, with ongoing development of corn and chili harvesting machines[19] - The company aims to diversify its business by developing rail transit, marine, and nuclear power sectors to stabilize its performance amid challenges in its primary military products[21] Challenges and Risks - The company is facing risks related to declining gross margins and performance due to increased market competition and rising labor costs[21] - The company is addressing talent shortages by collaborating with leading research institutions and universities to cultivate high-tech talent and strengthen its management team[22] Miscellaneous - The company did not engage in any repurchase transactions during the reporting period[12] - The company has no reported violations regarding external guarantees during the reporting period[27] - There were no overdue commitments from major shareholders or related parties during the reporting period[26] - The first quarter report was not audited, which may affect the reliability of the financial data presented[60]