ACHT(SH:600207)2017-04-28 16:00Financial Performance - Operating revenue fell by 12.45% to CNY 454,938,739.95 year-on-year[5] - Net profit attributable to shareholders was CNY -17,861,883.02, a significant decline from the previous year's profit[5] - Basic and diluted earnings per share were both CNY -0.02, compared to CNY 0.00 in the previous year[5] - The company's net loss for Q1 2017 was approximately ¥16.56 million, compared to a net loss of ¥3.73 million in the same period last year[33] - The total profit for Q1 2017 was a loss of ¥22,127,214.30, compared to a loss of ¥5,316,812.40 in the previous year, reflecting a worsening financial performance[37] - The total operating revenue for Q1 2017 was approximately ¥454.94 million, a decrease of 12.45% compared to ¥519.64 million in the same period last year[33] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -34,087,855.41, compared to a positive CNY 40,089,323.85 in the same period last year[5] - Net cash flow from operating activities decreased significantly to -CNY 34,087,855.41, attributed to lower product sales and prices compared to the same period last year[17] - The cash flow from operating activities showed a net outflow of ¥34,087,855.41, a stark contrast to a net inflow of ¥40,089,323.85 in Q1 2016[39] - Total cash inflow from operating activities was ¥277,619,229.50, down 24.6% from ¥368,403,981.60 year-on-year[41] - Cash outflow from operating activities totaled ¥198,939,975.59, a decrease of 6.7% compared to ¥213,276,894.12 in the previous year[41] Assets and Liabilities - Total assets decreased by 3.09% to CNY 2,316,736,633.25 compared to the end of the previous year[5] - Total liabilities increased to approximately ¥590.93 million from ¥539.04 million at the beginning of the year, representing a rise of 9.66%[31] - The company's equity attributable to shareholders decreased to approximately ¥1.83 billion from ¥1.85 billion, a decline of 1.35%[31] - Cash and cash equivalents increased to approximately ¥228.86 million from ¥181.26 million, reflecting a growth of 26.19%[28] - Accounts receivable rose to approximately ¥370.60 million from ¥333.32 million, indicating an increase of 11.19%[28] Shareholder Information - The total number of shareholders reached 45,032 by the end of the reporting period[10] - The largest shareholder, Henan Investment Group Co., Ltd., held 47.26% of the shares, amounting to 407,835,649 shares[10] Government Support and Other Income - The company received government subsidies amounting to CNY 676,479.43, which are closely related to its normal business operations[7] - Non-recurring gains and losses totaled CNY 732,394.28 for the reporting period[8] - Investment income increased to CNY 700,293.35 compared to a loss of CNY 2,368,851.03 in the previous year, driven by improved profits from Henan Haichuan Electronic Glass Co., Ltd.[15] Expenses and Financial Management - Employee compensation payable decreased by 44.63% to CNY 3,031,287.63 due to payments for social insurance[14] - Tax payable decreased by 59.07% to CNY 5,889,439.07 primarily due to tax payments made during the period[14] - Other payables increased by 54.28% to CNY 20,652,787.82, mainly due to the natural gas settlement price difference with Henan Anhuai Energy Co., Ltd.[14] - Financial expenses decreased by 87.86% to CNY 1,511,825.62 due to reduced borrowing and interest expenses[15] - The company incurred sales expenses of ¥22,102,032.05, a slight decrease from ¥24,984,275.79 in Q1 2016, showing efforts to control selling costs[37] Future Outlook - The company forecasts a potential cumulative net loss for the year due to significant declines in sales prices of photovoltaic glass products and underutilization of production capacity[21]