ACHT(SH:600207)2025-04-25 09:35Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,012,148,217.81, a decrease of 22.68% compared to CNY 1,309,063,943.90 in the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 107,211,222.84, compared to a loss of CNY 2,716,721.81 in the previous year, indicating a significant decline in profitability[4] - The net loss for Q1 2025 was CNY 118,500,215.88, compared to a net profit of CNY 431,854.99 in Q1 2024[17] - The total comprehensive income amounted to -118,500,215.88 CNY, a decrease from 431,854.99 CNY in the prior period[18] - The weighted average return on net assets was -3.98%, a significant drop from -0.09% in the previous year, indicating deteriorating financial performance[4] - The net cash flow from operating activities was negative at CNY 245,265,627.91, slightly worse than the previous year's negative cash flow of CNY 237,844,392.53[4] - Cash inflow from operating activities totaled 635,229,393.24 CNY, down from 1,194,725,806.48 CNY in the previous year, reflecting a decrease of approximately 46.8%[20] - Cash outflow from operating activities was 880,495,021.15 CNY, compared to 1,432,570,199.01 CNY in the same period last year, a reduction of about 38.4%[20] - The basic and diluted earnings per share were both -0.0984 CNY, compared to -0.0025 CNY in the previous period, indicating a worsening performance[18] Assets and Liabilities - Total assets increased to CNY 6,688,863,464.34, reflecting a growth of 2.02% from CNY 6,556,711,603.16 at the end of the previous year[5] - Total assets increased to CNY 6,688,863,464.34 as of March 31, 2025, compared to CNY 6,556,711,603.16 at the end of 2024, an increase of 2.0%[15] - Total liabilities rose to CNY 3,960,189,898.86 from CNY 3,671,756,597.14, an increase of 7.9%[15] - Long-term borrowings increased significantly to CNY 1,565,480,690.85 from CNY 1,249,464,498.72, reflecting a growth of 25.3%[15] Cash Flow - The net cash flow from investing activities was -35,884,368.61 CNY, an improvement from -56,981,969.68 CNY in the previous year[21] - Cash inflow from financing activities was 796,754,872.39 CNY, slightly lower than 819,449,521.82 CNY in the prior year[21] - The net cash flow from financing activities increased to 476,034,503.49 CNY, compared to 295,105,997.65 CNY in the previous period, showing a growth of approximately 61.1%[21] - The ending cash and cash equivalents balance was 451,268,407.82 CNY, up from 333,355,276.62 CNY year-over-year[21] Shareholder Information - The company had a total of 49,179 common shareholders at the end of the reporting period[9] - The largest shareholder, Henan Investment Group Co., Ltd., held 41.00% of the shares, amounting to 446,595,338 shares[9] Operational Insights - The decline in revenue was primarily attributed to lower prices of photovoltaic glass products, which adversely affected the gross profit margin[7] - The company did not report any significant new product developments or market expansion strategies during this quarter[3] - The company is currently upgrading its photovoltaic glass furnace, with further updates to be disclosed[11] Non-Recurring Items - The company reported non-recurring gains of CNY 14,059,194.19 from government subsidies, which are expected to have a lasting impact on the company's financials[6]