ACHT(SH:600207)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥778,224,009.23, a decrease of 15.53% compared to ¥921,286,910.43 in the same period last year[4] - Net profit attributable to shareholders was ¥19,395,658.23, down 87.10% from ¥151,030,672.34 year-on-year[4] - The basic earnings per share decreased to ¥0.0225, a decline of 87.10% compared to ¥0.1750 in Q1 2021[5] - The weighted average return on equity dropped to 1.02%, down 7.42 percentage points from 8.48% in the previous year[5] - Net profit for Q1 2022 was ¥21,211,338.19, a significant decline of 86.0% from ¥152,091,261.72 in Q1 2021[19] - Basic and diluted earnings per share for Q1 2022 were both ¥0.0225, compared to ¥0.1742 in Q1 2021, indicating a decrease of 87.1%[20] Cash Flow and Investments - The company reported a cash flow from operating activities of ¥14,503,689.22, an improvement from a negative cash flow of ¥6,504,228.14 in the previous year[5] - In Q1 2022, the company reported cash inflows from operating activities of CNY 796,445,719.58, an increase of 17.7% compared to CNY 676,871,080.84 in Q1 2021[21] - The net cash flow from operating activities was CNY 14,503,689.22, a significant improvement from a net outflow of CNY -125,190,816.01 in the same period last year[21] - The company experienced a net cash outflow from investing activities of CNY -211,986,478.01, compared to CNY -59,450,130.26 in Q1 2021, indicating increased investment expenditures[22] - The company received CNY 25,000,000.00 from investments in Q1 2022, indicating ongoing capital inflow from minority shareholders[22] Operational Challenges and Strategies - The company faced challenges due to a significant drop in photovoltaic glass prices and rising raw material costs, impacting overall profitability[7] - The company is focusing on optimizing product structure and improving operational performance by enhancing technology and adjusting sales strategies[8] - Cost control measures are being implemented, including expanding supply channels and reducing production costs through technical upgrades[8] - The company has taken steps to ensure stable production during the pandemic by coordinating with local governments to maintain logistics and supply chains[8] Assets and Liabilities - As of March 31, 2022, the company's total assets amounted to CNY 4,999,439,838.32, an increase from CNY 4,619,740,579.34 as of December 31, 2021[15] - Total liabilities increased to ¥3,002,746,438.78 in Q1 2022 from ¥2,670,171,223.28 in Q1 2021, representing an increase of 12.4%[17] - Total equity attributable to shareholders rose to ¥1,903,292,486.64 in Q1 2022, compared to ¥1,883,068,818.10 in Q1 2021, an increase of 1.6%[17] Research and Development - Research and development expenses for Q1 2022 were ¥12,906,183.10, up from ¥10,720,573.20 in Q1 2021, reflecting a growth of 20.4%[18] Inventory and Receivables - Accounts receivable increased to CNY 269,489,723.44 from CNY 214,771,924.79 year-over-year[15] - The company’s inventory increased to CNY 247,001,198.67 from CNY 230,964,145.98 in the previous year[15]