On April 20, Huagong Technology (000988) recently released the first quarter report of 2021. During the reporting period, the company achieved an operating revenue of 1788486180.98 yuan, a year-on-year increase of 135.58%; the net profit attributable to shareholders of listed companies was 113711715.18 yuan, a year-on-year increase of – 11764892.29 yuan, turning losses into profits.
During the reporting period, the net cash flow from operating activities was -208880421.27 yuan, and the net assets attributable to the shareholders of the listed company at the end of the reporting period was 6751720881.22 yuan.
The operating revenue increased by 135.58% over the same period of last year, mainly due to the substantial growth of the company’s sales orders in the current period over the same period of last year.
The operating cost increased by 150.19% over the same period of last year, mainly due to the corresponding growth of operating cost with the growth of the company’s current sales scale.
According to digbei.com, Huagong technology mainly focuses on laser technology, computer software and system integration technology, PTC technology, and related product production, sales and technical services.