DHHI(002204)2021-04-27 16:00Financial Performance - The company's operating revenue for Q1 2021 was CNY 1,743,379,536.44, representing a 10.55% increase compared to CNY 1,576,935,176.20 in the same period last year [7] - Net profit attributable to shareholders for Q1 2021 reached CNY 29,249,129.35, a significant increase of 348.70% from CNY 6,518,663.74 in the previous year [7] - The basic earnings per share for Q1 2021 was CNY 0.0151, up 344.12% from CNY 0.0034 in the same period last year [7] - The total profit for Q1 2021 reached ¥37,128,138.24, a 218.73% increase compared to ¥11,648,606.42 in the same period last year [25] - Net profit for Q1 2021 was ¥27,139,452.66, representing a 495.79% increase from ¥4,555,203.26 year-on-year [25] - The company reported a total comprehensive income of ¥26,654,883.36, compared to ¥9,227,611.04 in the previous period, reflecting strong overall performance [86] Cash Flow and Liquidity - The net cash flow from operating activities for Q1 2021 was CNY 144,263,280.83, a recovery from a negative cash flow of CNY -235,960,488.43 in the previous year [7] - The company's cash and cash equivalents at the end of the period amounted to ¥1,680,780,480.31, a 74.52% increase from ¥963,096,847.00 last year [25] - The cash flow from operating activities generated a net cash inflow of CNY 144,263,280.83, compared to a net cash outflow of CNY 235,960,488.43 in the previous period [98] - The cash and cash equivalents at the end of the period reached ¥303,375,039.80, up from ¥261,748,983.08 at the beginning of the period, indicating a net increase of ¥41,626,056.72 [105] Assets and Liabilities - Total assets at the end of Q1 2021 were CNY 17,254,807,828.81, reflecting a 1.86% increase from CNY 16,939,686,009.52 at the end of the previous year [7] - Current liabilities totaled ¥9,977,687,529.51, up from ¥9,706,383,038.33, indicating an increase of about 2.79% [67] - Total liabilities reached ¥10,694,844,354.32, compared to ¥10,408,337,850.19, marking an increase of approximately 2.76% [67] - The company's total equity was reported at ¥6,531,348,159.33, showing a decrease of ¥115,888.18 due to adjustments related to the new leasing standards [113] Expenses and Investments - Research and development expenses increased by 174.21% to ¥69,529,325.23 from ¥25,356,524.10 in the previous year [24] - Sales expenses rose by 50.90% to ¥82,317,364.30 compared to ¥54,550,796.38 in the same period last year [24] - The company achieved an investment income of ¥1,293,672.91, a recovery from a loss of -¥498,449.98 in the previous period, highlighting better investment performance [80] Government Support and Subsidies - The company received government subsidies amounting to CNY 13,233,569.91 during the reporting period, which positively impacted its financial performance [7] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 56,630, indicating a stable shareholder base [11] Operational Changes and Strategic Initiatives - The company signed a supplementary agreement with Dalian Equipment Leasing Co., Ltd. to extend the repurchase period for a financing lease project, with a total estimated liability of RMB 145.0545 million recognized as of the reporting date [28] - The company agreed to pay a one-time compensation of RMB 412.8 million to Harbin Electric Technology Group Co., Ltd. for product quality issues, after which it will no longer bear any warranty responsibilities [28] - The company completed the renaming and registration of its wholly-owned subsidiary on January 22, 2021, reflecting ongoing organizational changes [41] - The company is in the process of transferring equity stakes in its affiliated companies, with an announcement made on March 10, 2021, to update stakeholders on this progress [41] Quality and Compliance - The company did not classify any non-recurring gains or losses as recurring during the reporting period, ensuring clarity in financial reporting [10] - The company reported no derivative investments during the reporting period [51] - There were no violations regarding external guarantees during the reporting period [53] - The company has made commitments to avoid competition with its controlling shareholder, which has been strictly fulfilled since December 27, 2011 [45]