Huijin(SZ:300368)2021-04-16 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥423,829,147.03, representing a 369.27% increase compared to ¥90,317,100.55 in the same period last year[8]. - The net profit attributable to shareholders was ¥1,576,252.80, a significant turnaround from a loss of ¥9,142,785.64 in the previous year, marking a 117.24% improvement[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,301,319.35, compared to a loss of ¥12,440,052.07 last year, reflecting a 110.46% increase[8]. - The basic earnings per share increased to ¥0.0030 from a loss of ¥0.0172, showing a 117.44% improvement[8]. - The total assets at the end of the reporting period were ¥3,629,510,761.93, up 2.59% from ¥3,537,860,713.77 at the end of the previous year[8]. - The net assets attributable to shareholders decreased by 3.03% to ¥886,743,668.90 from ¥914,493,359.58 at the end of the previous year[8]. - The net cash flow from operating activities was negative at -¥212,175,284.91, worsening by 29.39% compared to -¥163,987,090.19 in the same period last year[8]. - The weighted average return on equity improved to 0.17% from -1.05% in the previous year, an increase of 1.22 percentage points[8]. Revenue and Costs - Revenue surged by 369.27% to ¥423,829,147.03, driven by significant income from the data center project of a subsidiary[21]. - Operating costs increased by 415.86% to ¥352,894,528.95, correlating with the rise in revenue[22]. - Cash received from sales increased by 84.45% to ¥990,878,483.62, reflecting a substantial rise in sales[22]. - The company reported a 51.98% increase in management expenses to ¥14,385,423.83, primarily due to increased share-based payment expenses[22]. Contracts and Projects - The company signed a significant construction contract with Taiji Computer Co., Ltd. for the Langfang Yunfeng Data Center project, with a total contract value of 602.12 million yuan[26]. - The company has signed multiple procurement contracts related to the Langfang Yunfeng Data Center project, with total amounts including 152.38 million yuan and 86.38 million yuan for various construction and equipment supply[27]. - The company is actively involved in the construction of the Langfang Yunfeng Data Center, which includes multiple phases and various engineering tasks[30]. - The company has a total of 13 signed contracts for the Langfang Yunfeng Data Center project, with a cumulative value exceeding 400 million yuan[30]. - The total amount of signed procurement contracts reached CNY 729,639,318.29, with various projects including the Langfang Yunfeng Data Center[32]. - The company confirmed sales revenue of CNY 794,291,780.34 from signed sales contracts, with major contracts including CNY 163,021,257.10 from Lenovo Cloud[32]. Shareholder and Equity Information - The total number of ordinary shareholders at the end of the reporting period was 71,736[12]. - The company repurchased a total of 3,000,000 shares, accounting for 0.56% of the total share capital, with a total payment of RMB 37,332,528[54]. - The company acquired the remaining 30% equity of Shijiazhuang Huijin Supply Chain Management Co., Ltd. for RMB 39.87 million, making it a wholly-owned subsidiary[59]. - The company changed the name of its subsidiary from "Hebei Delanite Electromechanical Technology Co., Ltd." to "Hebei Huijin Electromechanical Co., Ltd."[57]. - The company completed the change of its full name from "Hebei Huijin Electromechanical Co., Ltd." to "Hebei Huijin Group Co., Ltd."[60]. Cash Flow and Liquidity - Cash and cash equivalents decreased by 70.80% to ¥88,627,361.11 due to increased payments for procurement, taxes, and fixed asset purchases[20]. - The company's cash and cash equivalents decreased from RMB 303,558,522.65 on December 31, 2020, to RMB 88,627,361.11 on March 31, 2021[74]. - The net cash flow from investment activities was -19,399,171.26 CNY, a decrease from -29,780,580.31 CNY in the previous period, indicating improved cash management[97]. - The net cash flow from financing activities was 18,140,294.63 CNY, down from 253,156,206.04 CNY, reflecting a significant reduction in financing inflows[98]. - The ending balance of cash and cash equivalents was 86,345,458.71 CNY, a significant decrease from 216,847,379.88 CNY, indicating liquidity challenges[98]. Strategic Initiatives - The company is focusing on expanding its market presence through strategic partnerships and project collaborations in the data center sector[26]. - The company is committed to enhancing its technological capabilities through the development of new products and services related to data center operations[30]. - The company is exploring further market expansion opportunities and potential mergers and acquisitions to strengthen its competitive position[30]. - The company has established a new subsidiary for land acquisition and industrial park development, enhancing its operational footprint[37]. Research and Development - Research and development expenses for Q1 2021 were CNY 4,560,478.92, up from CNY 3,574,723.45 in the same period last year, showing an increase of approximately 27.5%[87]. - The company reported no significant changes in its core technology team or major R&D projects during the reporting period[33].