杭州高新(300478) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥69,526,880.41, a decrease of 8.37% compared to ¥75,878,799.42 in the same period last year[8]. - The net profit attributable to shareholders was -¥7,755,127.92, an improvement of 38.23% from -¥12,554,120.49 year-on-year[8]. - The basic earnings per share were -¥0.0612, an improvement of 38.22% from -¥0.0991 in the same period last year[8]. - The net loss attributable to shareholders of the parent company for Q1 2021 was CNY -7,755,127.92, compared to a loss of CNY -12,554,120.49 in Q1 2020, representing a 38.5% improvement[41]. - The total comprehensive income for Q1 2021 was -¥7,796,734.68, compared to -¥12,878,888.23 in Q1 2020, showing a significant decrease in losses[46]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥18,229,296.36, a significant decline of 125.60% compared to ¥71,212,911.12 in the previous year[8]. - Cash and cash equivalents increased significantly to CNY 14,871,181.64, up 1393.71% from CNY 995,587.61, primarily due to new borrowings during the reporting period[17]. - The net cash flow from operating activities was -$18,299,332.38, a significant decrease from $37,015,898.70 in the previous period, indicating a decline in operational performance[52]. - Cash inflow from operating activities totaled $50,715,853.80, down 38.6% from $82,503,703.39 in the prior period[52]. - The ending balance of cash and cash equivalents was $420,478.86, down from $6,365,193.68 in the prior period[53]. Assets and Liabilities - The total assets at the end of the reporting period were ¥393,424,907.25, down 2.35% from ¥402,873,555.38 at the end of the previous year[8]. - The total liabilities of Hangzhou High-tech Rubber and Plastic Materials Co., Ltd. as of March 31, 2021, amounted to CNY 336,909,715.47, a slight decrease from CNY 338,561,628.92 on December 31, 2020[33]. - The company's total assets decreased from CNY 402,873,555.38 on December 31, 2020, to CNY 393,424,907.25 as of March 31, 2021[32]. - The total liabilities as of March 31, 2021, were CNY 336,909,337.81, slightly down from CNY 338,561,299.04 at the end of 2020[37]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,600[10]. - The largest shareholder, Gao Xing Holdings Group, held 23.60% of the shares, amounting to 29,899,980 shares[11]. Operational Challenges - The company's operating revenue for the first quarter was CNY 69,526,880.41, a year-on-year decrease of 8.37% due to the exclusion of data from the former subsidiary Fujian Nanping Sunshine High-tech Materials Co., Ltd.[18]. - The company reported a significant increase in other payables, which rose by 368.17% to CNY 26,355,955.84 from CNY 5,629,534.25, mainly due to new borrowings[17]. - The company incurred financial expenses of ¥2,541,465.69 in Q1 2021, slightly up from ¥2,354,343.12 in the previous year[44]. - The company did not engage in any investor relations activities during the reporting period[26]. Future Outlook - The company plans to continue focusing on its core competencies and exploring new market opportunities to drive future growth[18].