ACHT(SH:600207)2015-04-24 16:00Financial Performance - Operating revenue decreased by 3.38% to CNY 466,203,493.83 compared to the same period last year[7] - Net profit attributable to shareholders was a loss of CNY 43,277,318.23, compared to a loss of CNY 20,630,561.07 in the same period last year[7] - The company reported an operating loss of ¥40,027,630.66, compared to a loss of ¥17,492,748.23 in Q1 2014[31] - Net loss for the period was ¥41,543,737.97, compared to a net loss of ¥18,884,739.77 in the previous year[32] - The net profit attributable to shareholders of the parent company was ¥-43,277,318.23, worsening from ¥-20,630,561.07 year-over-year[32] Assets and Liabilities - Total assets increased by 4.82% to CNY 3,045,945,137.37 compared to the end of the previous year[7] - Total liabilities increased to ¥1,914,648,293.24 from ¥1,715,057,924.14 at the start of the year[28] - Current liabilities rose to 1,737,378,445.65 from 1,535,419,308.28, indicating increased short-term financial obligations[25] - The company’s total liabilities increased to 2,233,124,619.32 from 2,051,810,612.45, reflecting higher debt levels[25] - The company’s equity attributable to shareholders decreased to 730,727,890.05 from 773,741,296.44, indicating a decline in shareholder value[25] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 117,291,751.24, compared to a net inflow of CNY 87,160,088.75 in the same period last year[7] - Net cash flow from operating activities decreased significantly to -117,291,751.24 from 87,160,088.75, mainly due to increased cash payments for goods[15] - Cash flow from investing activities resulted in a net outflow of -¥60,090,471.46, compared to -¥4,870,367.25 in the previous period[40] - Cash inflow from financing activities rose significantly to 380,000,000.00 RMB, compared to only 4,800,000.00 RMB in the prior year[41] - The ending balance of cash and cash equivalents decreased to 76,772,576.92 RMB from 175,620,907.51 RMB year-over-year[41] Shareholder Information - The number of shareholders at the end of the reporting period was 44,661[11] - Basic and diluted earnings per share were both ¥-0.06, compared to ¥-0.03 in the same quarter last year[32] Operational Costs - Operating expenses increased by 116.07% to 314,610.45 from 145,602.90, primarily due to increased product transportation damage[14] - Total operating costs increased to ¥506,265,015.52, up 1.5% from ¥500,023,226.08 year-over-year[31] - The company incurred sales expenses of ¥17,603,667.76, up from ¥15,314,608.05 in the previous period, reflecting increased operational costs[35] - Financial expenses rose to ¥15,840,878.37, compared to ¥13,986,417.76 in the previous period, indicating higher borrowing costs[35] Investments and Acquisitions - The company has completed the acquisition of a 20% stake in Henan Haichuan Electronic Glass and is actively coordinating the acquisition of a 55% stake in Zhongyuan Natural Gas Development Co., Ltd.[16] - The company predicts a potential net loss for the year due to the operations of its subsidiary, AnCai Solar Glass, which is a major contributor to the losses[19] Non-Recurring Items - The company reported a total of CNY 543,224.50 in non-recurring gains and losses during the period[8] - Prepayments increased by 153.05% to CNY 119,310,486.47 compared to the beginning of the period[13] - Other non-current assets increased by 674.84% to CNY 22,749,346.99 compared to the beginning of the period[13]