FEIDA ENVIRO(SH:600526)2021-04-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 28.61% to CNY 5,906,967.50 compared to the same period last year[5] - Operating revenue declined by 5.61% to CNY 522,003,141.52 compared to the previous year[5] - Basic earnings per share decreased by 50.00% to CNY 0.01 per share compared to the previous year[5] - The company reported a net loss of CNY 129,341,392.36 in Q1 2021, an improvement compared to a net loss of CNY 137,821,207.67 in Q1 2020[25] - Net profit for Q1 2021 was CNY 4,579,831.76, down from CNY 8,963,864.20 in Q1 2020, indicating a decline of about 48.9%[30] - Operating profit for Q1 2021 was CNY 5,169,074.74, compared to CNY 10,741,288.03 in Q1 2020, a decrease of about 52.1%[29] - The company reported a total operating cost of CNY 517,355,927.89 in Q1 2021, down from CNY 567,531,747.03 in Q1 2020, a reduction of approximately 8.8%[29] Cash Flow - The net cash flow from operating activities was negative at CNY -214,526,481.67, compared to CNY -112,828,663.64 in the same period last year[5] - Cash flow from operating activities in Q1 2021 was CNY 368,390,306.98, down from CNY 534,835,509.14 in Q1 2020, a decline of approximately 31.1%[33] - The company reported a total cash outflow from operating activities of 812,523,511.30 CNY, which remained consistent with the previous year's outflow of 812,542,717.15 CNY[34] - The net cash flow from financing activities after outflows was 156,590,519.91 CNY, contrasting with a negative cash flow of -27,693,920.38 CNY in the previous year[35] - The net cash flow from investing activities was -428,587,076.51 CNY, significantly higher than -19,426,560.89 CNY in the previous year, indicating increased investment outflows[34] Assets and Liabilities - Total assets increased by 0.84% to CNY 6,799,219,757.74 compared to the end of the previous year[5] - The company's total current assets decreased to ¥4.94 billion from ¥5.42 billion, a reduction of 8.8%[19] - Current liabilities rose to CNY 4,501,330,584.59 in Q1 2021, up from CNY 4,423,909,929.14 in Q4 2020, indicating an increase of 1.93%[21] - Non-current liabilities decreased to CNY 168,203,783.19 in Q1 2021 from CNY 174,393,605.75 in Q4 2020, a decline of 3.67%[21] - Total liabilities decreased by 42.99% in accounts payable, primarily due to a higher amount of accepted bills maturing during the period[12] Investments and Expenditures - Long-term equity investments increased by 1,016.36% to CNY 520,434,936.74, primarily due to a new investment in Zhejiang Fuchun Zhiguang Environmental Co., Ltd.[11] - Research and development expenses increased significantly by 721.23% to ¥10.82 million, attributed to increased investment and project initiation[12] - The total cash outflow for investing activities was 559,364,863.49 CNY, compared to 19,441,360.89 CNY in the previous year, highlighting a substantial increase in investment expenditures[34] Shareholder Information - The number of shareholders reached 84,426, with the top ten shareholders holding a combined 43.44% of the shares[8] Other Income and Expenses - The company reported a significant decrease in other income by 89.42% to ¥2.60 million, primarily due to reduced local government financial rewards[12] - The company incurred a loss from investment of ¥1.30 million, a decline of 571.73% due to losses from associated enterprises[12] - The company has accumulated a bad debt provision of ¥59.96 million related to the collateralized shops from the guarantee provided to Zhejiang Shenying Group[15]