Hiecise(SZ:300809)2021-04-26 16:00Financial Performance - The company's revenue for Q1 2021 reached ¥125,054,677.14, representing a significant increase of 2,114.61% compared to the same period last year[8]. - Net profit attributable to shareholders was ¥31,719,190.15, a remarkable turnaround from a loss of ¥10,147,861.04 in the previous year, marking a growth of 412.57%[8]. - The net profit after deducting non-recurring gains and losses was ¥30,840,443.86, compared to a loss of ¥2,596,550.35 last year, reflecting an increase of 1,287.75%[8]. - Basic earnings per share improved to ¥0.20, up 433.33% from a loss of ¥0.06 per share in the same quarter last year[8]. - The total profit reached 36,980,400 CNY, up 399.67% year-on-year, while net profit attributable to shareholders was 31,719,200 CNY, reflecting a 412.57% increase[23]. - The company reported a net profit of ¥305,592,076.91 as of March 31, 2021, compared to ¥273,872,886.76 in the previous year[51]. - The company reported a net profit of ¥31,761,437.95, compared to a net loss of ¥10,140,417.72 in the previous period, indicating a significant turnaround in performance[67]. - Operating income reached ¥125,207,504.84, a substantial increase from ¥4,641,282.40 in the prior period, reflecting strong revenue growth[68]. - The total comprehensive income amounted to ¥31,913,990.47, a significant increase from a loss of ¥9,970,066.72 in the prior period[74]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,885,477,573.59, a slight increase of 0.53% from the end of the previous year[8]. - The company's total current assets amounted to ¥1,636,749,791.64, a slight increase from ¥1,623,440,137.75 on December 31, 2020[42]. - The total liabilities of the company decreased to ¥461,475,789.34 from ¥483,343,455.02 year-over-year[48]. - The company's total equity increased to ¥1,424,001,784.25 from ¥1,392,240,346.30 year-over-year, reflecting a growth of approximately 2.3%[51]. - Total assets as of March 31, 2021, amounted to CNY 1,885,623,500.22, an increase from CNY 1,878,263,818.78 as of December 31, 2020[52]. - Total liabilities decreased to CNY 456,987,548.36 from CNY 481,541,857.39[58]. - Owner's equity totaled CNY 1,396,721,961.39, with retained earnings of CNY 301,052,397.23[94]. Cash Flow - The company reported a net cash flow from operating activities of -¥727,800.58, a decrease of 101.74% compared to ¥41,730,895.69 in the same period last year[8]. - The company generated cash inflows from operating activities totaling ¥81,885,358.98, down from ¥113,471,484.68 in the previous period, indicating a decrease in cash flow from operations[75]. - The total cash outflow from operating activities was 82,613,159.56, up from 71,740,588.99, indicating increased operational costs[78]. - The total cash and cash equivalents at the end of the period were 189,104,636.00, down from 284,087,182.68 in the previous period, reflecting a decrease of approximately 33.5%[81]. - Cash inflow from investment activities totaled 178,147,724.66, while cash outflow was 217,260,680.79, resulting in a net cash flow from investment activities of -39,112,956.13[78]. Shareholder Information - The top three shareholders, each holding 23.37% of shares, are Cao Yuzhong, Zhao Zeming, and Liu Xiangxiong, with significant shareholdings of 36,670,000, 36,665,000, and 36,665,000 respectively[13]. Operating Costs and Expenses - Operating costs surged by 3,064.23% to 72,208,860.13 CNY, attributed to the recovery of production and delivery cycles that were previously affected by the pandemic[20]. - The company’s financial expenses rose by 182.56% to 460,966.65 CNY, mainly due to interest payments on working capital loans[20]. - Research and development expenses increased to CNY 4,891,492.74 from CNY 3,879,782.28 year-over-year[61]. - The company paid 19,612,760.77 in employee compensation, an increase of 23.3% from 15,887,422.11 in the previous period[78]. Government Subsidies - The company received government subsidies amounting to ¥327,054.12 during the reporting period, which contributed positively to its financial performance[8]. - The company reported a decrease in other income by 73.12% to 327,054.12 CNY, primarily due to reduced government subsidies compared to the previous year[20]. Future Plans - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[70].