ACHT(SH:600207)2021-04-29 16:00Financial Performance - Net profit attributable to shareholders surged by 644.09% to CNY 151,030,672.34 year-on-year[5] - Operating revenue rose by 63.58% to CNY 921,286,910.43 compared to the same period last year[5] - Basic earnings per share increased by 644.68% to CNY 0.1750[5] - Total revenue for Q1 2021 reached ¥921,286,910.43, a significant increase from ¥563,211,679.30 in Q1 2020, representing a growth of approximately 63.6%[30] - Net profit for Q1 2021 reached CNY 152.81 million, compared to CNY 21.71 million in Q1 2020, marking an increase of about 605.5%[33] - The company's operating profit for Q1 2021 was CNY 160.54 million, up from CNY 25.73 million in the same period last year, indicating a growth of approximately 524.5%[32] - The total comprehensive income for Q1 2021 was CNY 152.81 million, compared to CNY 21.71 million in Q1 2020, reflecting an increase of about 605.5%[33] Assets and Liabilities - Total assets increased by 9.27% to CNY 2,682,855,077.08 compared to the end of the previous year[5] - The total current assets as of March 31, 2021, amounted to ¥1,285,080,979.10, up from ¥1,052,008,369.87 at the end of the previous year[22] - Non-current assets totaled ¥1,397,774,097.98, slightly down from ¥1,403,299,447.83 in the previous quarter, indicating a decrease of about 0.4%[24] - Current liabilities rose to ¥606,316,766.04, up from ¥531,984,486.15, marking an increase of about 13.9%[24] - The company's total equity increased to ¥1,885,720,378.91 from ¥1,732,484,249.42, showing a growth of approximately 8.8%[24] Cash Flow - Cash flow from operating activities showed a significant improvement, with a net cash outflow of CNY -6,504,228.14, compared to CNY -84,030,864.82 in the previous year[5] - The net cash flow from operating activities for Q1 2021 was -6,504,228.14 RMB, compared to -84,030,864.82 RMB in Q1 2020, indicating an improvement[38] - Total cash inflow from operating activities was 642,513,680.84 RMB, while cash outflow was 649,017,908.98 RMB, resulting in a net cash flow deficit[38] - The net cash flow from financing activities was 94,330,948.02 RMB, significantly higher than 4,087,512.98 RMB in the previous year[39] - The ending balance of cash and cash equivalents increased to 260,313,751.79 RMB from 184,194,133.65 RMB year-over-year[39] Investments and Expenses - R&D expenses surged by 5566.07% to ¥10,720,573.20, reflecting increased spending on subsidiary research projects[13][17] - The company reported an investment income of ¥1,149,030.22, a 55.59% increase from ¥738,493.49 year-on-year[13] - Investment income for Q1 2021 was CNY 1.15 million, compared to CNY 0.74 million in Q1 2020, showing an increase of about 55.9%[32] - Operating costs increased by 44.18% to ¥714,590,233.92, attributed to higher product sales and the adjustment of freight costs to operating expenses[17] Accounts Receivable and Inventory - Accounts receivable rose by 51.71% to CNY 310,686,728.77, indicating increased sales activity[11] - Inventory levels increased to ¥159,667,818.74 from ¥129,331,104.04, marking a growth of approximately 23.5%[27] - The company reported a significant increase in prepayments, which rose to ¥388,218,969.45 from ¥287,830,784.42, indicating a growth of about 34.8%[27] Financing Activities - Short-term borrowings were reported at CNY 100,000,000.00, reflecting new loans taken during the period[11] - The financing activities generated a net cash inflow of ¥94,330,948.02, a substantial increase of 2207.78% compared to ¥4,087,512.98 in the previous year[15] - The cash flow from financing activities included 100,000,000.00 RMB received from borrowings in Q1 2021[39] Legal Matters - The company is involved in ongoing litigation regarding precious metals processing, with a court ruling pending[18] Asset Acquisition - The company is actively pursuing asset acquisition, having signed an agreement to purchase assets worth ¥87,011,600 from Henan Yuhua New Materials Co., Ltd.[18]