AGSW(SH:600199)2021-04-28 16:00Financial Performance - Operating revenue for the period was CNY 294,447,082.27, representing a year-on-year increase of 52.11%[12] - Net profit attributable to shareholders was a loss of CNY 48,646,271.12, compared to a loss of CNY 26,209,954.17 in the same period last year[12] - The company reported a significant increase in operating revenue, indicating potential market expansion strategies[12] - Total operating revenue for Q1 2021 was CNY 294,447,082.27, an increase of 52.2% compared to CNY 193,571,366.34 in Q1 2020[45] - Net profit for Q1 2021 was a loss of CNY 48,062,586.34, compared to a loss of CNY 25,880,209.69 in Q1 2020, representing an increase in loss of 85.5%[48] - The company reported a gross profit margin of approximately -18.7% in Q1 2021, compared to -13.4% in Q1 2020, indicating a decline in profitability[48] - Basic and diluted earnings per share for Q1 2021 were both -0.0740, compared to -0.0398 in Q1 2020, reflecting a worsening financial position[51] - The total comprehensive loss for Q1 2021 was CNY 48,646,271.12, compared to a loss of CNY 26,209,954.17 in Q1 2020, indicating a significant increase in overall losses[51] Cash Flow - The net cash flow from operating activities was a negative CNY 138,880,770.79, worsening from a negative CNY 92,172,630.00 in the previous year[12] - Cash inflow from operating activities for Q1 2021 was CNY 386,361,698.38, a significant increase from CNY 157,271,403.32 in Q1 2020, representing a growth of approximately 145%[59] - Cash outflow from operating activities totaled CNY 525,242,469.17 in Q1 2021, compared to CNY 249,444,033.32 in Q1 2020, indicating an increase of about 110%[59] - Cash inflow from investment activities was CNY 210,954,204.66 in Q1 2021, compared to no inflow in Q1 2020, marking a substantial increase[61] - Net cash flow from investment activities was positive CNY 126,022,869.18 in Q1 2021, a turnaround from negative CNY 6,292,489.15 in Q1 2020[61] - Cash inflow from financing activities was CNY 150,000.00 in Q1 2021, a decrease from CNY 4,920,345.00 in Q1 2020[61] - The net increase in cash and cash equivalents for Q1 2021 was negative CNY 12,707,901.61, compared to negative CNY 93,544,774.15 in Q1 2020, showing an improvement[61] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,834,937,466.26, a decrease of 0.60% compared to the end of the previous year[12] - Total liabilities amounted to ¥980,322,985.40, an increase of 2.7% from ¥956,026,612.77[34] - Total equity attributable to shareholders decreased to ¥2,846,276,307.66 from ¥2,894,156,489.80, reflecting a decline of 1.7%[34] - Current assets totaled ¥2,105,502,135.21, showing an increase of 2.0% compared to ¥2,064,868,984.61[38] - Non-current assets decreased to ¥1,528,120,665.42 from ¥1,544,202,237.91, a decline of 1.0%[41] - The total assets reached ¥3,633,622,800.63, up from ¥3,609,071,222.52, indicating a growth of 0.7%[41] - Total liabilities increased by 7.7% in the current period compared to the previous period[41] - The company reported accounts payable of CNY 391,523,200.38, which is a critical component of its current liabilities[69] Shareholder Information - The total number of shareholders at the end of the reporting period was 164,417[15] - The largest shareholder, Anhui Jinzhongzi Group Co., Ltd., held 27.10% of the shares, totaling 178,257,084 shares[15] - Shareholders' equity totaled CNY 2,901,910,978.23, indicating a strong equity position[72] Research and Development - R&D expenses increased significantly by 347.55% to ¥5,326,818.38 reflecting higher investment in research and development[20] - The company plans to continue investing in R&D to enhance product offerings and market competitiveness[49] Other Income and Expenses - Government subsidies recognized in the current period amounted to CNY 7,398,856.85[15] - The company reported a 5697.05% increase in income tax expenses to ¥2,418,780.62 due to deferred tax matters[20] - Other income from non-operating activities increased by 956.26% to ¥903,819.28, attributed to compensation received[20]