AVIC I.F(SH:600705)2021-04-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 13.62% to CNY 664.21 million year-on-year[4] - Operating income remained stable with a slight increase of 0.03% to CNY 2.21 billion compared to the same period last year[4] - Basic earnings per share decreased by 11.11% to CNY 0.08[4] - The net profit attributable to the parent company's owners for the current period was CNY 664.21 million, a decrease of 13.62% compared to the same period last year, mainly due to stock market fluctuations[10] - The total profit for Q1 2021 was 1,528,105,614.93 CNY, up from 1,497,122,020.75 CNY in Q1 2020, reflecting an increase of about 2.1%[20] - The net profit for Q1 2021 was 1,135,873,018.18 CNY, compared to 1,125,725,103.63 CNY in Q1 2020, showing an increase of about 0.13%[21] - The net profit attributable to shareholders of the parent company was 664,207,032.89 CNY in Q1 2021, down from 768,922,481.15 CNY in Q1 2020, reflecting a decrease of approximately 13.6%[21] Asset and Liability Management - Total assets decreased by 3.66% to CNY 365.69 billion compared to the end of the previous year[4] - The balance of loans and advances increased by 47.91% to CNY 11.99 billion compared to the end of the previous year[9] - The total liabilities stood at ¥27.76 billion, an increase from ¥27.59 billion at the end of 2020, marking an increase of about 0.6%[18] - Total current liabilities were RMB 218,814,335,630.05, indicating a slight increase of RMB 407,761.48 from the previous period[33] - Total non-current liabilities amounted to RMB 97,663,653,700.92, showing a decrease of RMB 203,306,351.51 compared to the previous period[33] - Total liabilities reached RMB 316,477,989,330.97, with a decrease of RMB 202,898,590.03 from the previous period[33] Cash Flow Analysis - Net cash flow from operating activities showed a significant decline, amounting to -CNY 28.29 billion, compared to -CNY 12.85 billion in the previous year[4] - The net cash flow from operating activities was negative at approximately ¥28.29 billion in Q1 2021, compared to a negative cash flow of ¥12.85 billion in Q1 2020, indicating a significant decline in operational efficiency[27] - The total cash outflow from investing activities was approximately ¥19.87 billion in Q1 2021, down from ¥25.76 billion in Q1 2020, reflecting a reduction in investment expenditures[27] - The net cash flow from financing activities was approximately ¥4.45 billion in Q1 2021, compared to ¥2.67 billion in Q1 2020, showing an improvement in financing operations[28] - The net increase in cash and cash equivalents for Q1 2021 was approximately -¥33.92 billion, compared to -¥27.82 billion in Q1 2020, highlighting ongoing cash flow challenges[28] Shareholder Information - The number of shareholders reached 160,004, with the largest shareholder holding 39.45% of the shares[7] - The total equity attributable to shareholders was ¥39.15 billion, down from ¥39.85 billion at the end of 2020, reflecting a decrease of about 1.8%[15] - The total equity, including minority interests, was RMB 63,117,106,135.85, showing a decrease of RMB 5,468,023.75 from the previous period[34] Investment and R&D - The company reported non-operating income of CNY 21.04 million, primarily from unrelated business activities[6] - The R&D expenses increased significantly to 5,437,611.40 CNY in Q1 2021 from 2,831,047.46 CNY in Q1 2020, marking an increase of approximately 92.2%[20] - The company has not disclosed any new product developments or market expansion strategies in this report[3] - The company is focused on expanding its market presence and enhancing its product offerings, although specific new products and technologies were not detailed in the provided data[36] - Future outlook remains positive, with ongoing strategies for market expansion and potential acquisitions being discussed[36]