ICW(600187)2021-04-27 16:00Financial Performance - Operating revenue for the period was CNY 93,789,912.64, representing an increase of 48.23% year-on-year[6] - Net profit attributable to shareholders of the listed company was CNY -16,432,275.59, a decrease of 313.34% compared to the same period last year[6] - Basic earnings per share were CNY -0.0067, a decline of 164.42% compared to the previous year[7] - The company’s net profit attributable to shareholders decreased significantly due to increased operational costs and lower revenue from core activities[6] - The company's net loss for Q1 2021 was ¥205,554,076.48, slightly improved from a loss of ¥209,658,514.58 in Q1 2020[31] - The total profit for Q1 2021 was ¥5,666,987.20, a decrease of 81.7% compared to ¥30,910,591.35 in Q1 2020[37] - The company's basic and diluted earnings per share for Q1 2021 were both -¥0.0067, compared to ¥0.0104 in Q1 2020[34] - The company's total comprehensive income for Q1 2021 was -¥11,961,276.39, compared to ¥16,654,238.09 in Q1 2020[34] Cash Flow - The net cash flow from operating activities was CNY -32,295,474.53, showing an improvement from CNY -231,485,291.06 in the previous year[6] - Net cash flow from operating activities was negative at -¥32,295,474.53, an improvement of ¥199,189,816.53 compared to -¥231,485,291.06 in Q1 2020[23] - The cash inflow from operating activities in Q1 2021 was ¥97,406,621.81, an increase of 9.5% from ¥89,046,497.03 in Q1 2020[39] - The company reported a cash flow from sales of goods and services of ¥75,586,584.85 in Q1 2021, compared to ¥56,498,133.78 in Q1 2020[39] - The company reported a total cash outflow from operating activities of 72,993,217.01 RMB in Q1 2021, compared to 256,531,974.17 RMB in Q1 2020[45] - The cash inflow from operating activities was 7,880,432.42 RMB in Q1 2021, a decrease from 39,814,155.65 RMB in Q1 2020[44] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,677,843,933.81, a decrease of 0.41% compared to the end of the previous year[6] - Current liabilities totaled ¥914,321,622.28, down from ¥964,311,016.12 at the end of 2020[27] - The total liabilities decreased to ¥828,452,468.12 from ¥848,183,888.95, a reduction of 2.8%[31] - The company’s total equity as of March 31, 2021, was ¥3,448,554,481.67, slightly up from ¥3,444,450,043.57 at the end of 2020[31] Shareholder Information - The total number of shareholders at the end of the reporting period was 115,557[12] - The company has a strong shareholder base with multiple funds holding 4,264,300 shares each, indicating diversified investment interest[15] - The company reported a total of 227,312,500 shares held by its largest shareholder, Guozhong (Tianjin) Water Services Co., Ltd., representing a significant portion of the equity structure[14] Operational Costs - Operating costs increased to ¥80,077,003.79, reflecting a rise of ¥28,734,096.72 or 55.97% year-over-year[20] - Total operating costs for Q1 2021 were ¥111,563,484.47, up 35.9% from ¥82,128,760.42 in Q1 2020[32] - Financial expenses surged by 187.07% to ¥1,387,938.84, primarily due to increased loan interest expenses from subsidiaries[20] Government Subsidies and Gains - Non-recurring gains and losses totaled CNY 5,635,841.83, primarily from financial management income and government subsidies[9] - The company received government subsidies amounting to CNY 2,610,607.43, which were closely related to its normal business operations[8] Changes in Assets - Accounts receivable decreased by 1,000,000.00 RMB, reflecting a 100% decline due to the transfer of notes during the period[17] - Prepaid accounts increased by 5,655,876.61 RMB, marking a 36.41% rise primarily due to increased advance payments for engineering by a subsidiary[18] - Other current assets rose by 9,273,385.84 RMB, a 30.68% increase attributed to higher financial investments made during the period[19] - Long-term deferred expenses increased by 1,774,721.84 RMB, a 38.86% rise due to ongoing renovations and related expenditures[19] - Contract liabilities decreased by 11,109,714.22 RMB, a 35.55% decline due to revenue recognition by subsidiaries[19] - Other current liabilities fell by 475,778.38 RMB, reflecting a 36.73% decrease linked to tax settlements related to contract liabilities[19] Research and Development - The company’s research and development expenses for Q1 2021 were ¥1,331,276.42, down from ¥1,508,553.02 in Q1 2020, a decrease of 11.7%[32] Management and Control - The company’s actual controller, Jiang Zhaobai, maintains significant influence over the board, ensuring strategic alignment across subsidiaries[15]