GMTC(SH:600898)2021-04-28 16:00Financial Performance - Operating revenue fell by 83.38% to CNY 36,824,473.72 compared to the same period last year[7] - Net profit attributable to shareholders was a loss of CNY 3,152,797.44, compared to a loss of CNY 87,826,321.76 in the previous year[7] - Total operating revenue for Q1 2021 was CNY 36,824,473.72, a decrease of 83.34% compared to CNY 221,518,643.37 in Q1 2020[23] - Total operating costs for Q1 2021 were CNY 47,632,349.87, down 81.36% from CNY 255,862,509.02 in Q1 2020[23] - Net profit for Q1 2021 was a loss of CNY 4,107,121.17, compared to a loss of CNY 89,551,148.72 in Q1 2020, representing a significant improvement[24] - The company reported a gross profit margin of approximately -10.5% in Q1 2021, compared to -41.1% in Q1 2020[23] - The company reported a net loss of ¥1,376,866,666.14, slightly worsening from a loss of ¥1,371,531,063.96[18] - The company reported a net loss of ¥1,371,531,063.96, which is a slight improvement from the previous loss of ¥1,373,713,868.70[35] Assets and Liabilities - Total assets decreased by 18.69% to CNY 516,934,663.21 compared to the end of the previous year[7] - Total current assets decreased to ¥269,057,387.09 from ¥448,079,889.07, a decline of approximately 40%[17] - Total liabilities decreased to ¥400,972,420.19 from ¥513,439,328.12, a reduction of approximately 22%[18] - Total equity attributable to shareholders decreased to ¥7,103,491.21 from ¥12,484,765.50, a decline of about 43%[18] - Non-current assets increased to ¥247,877,276.12 from ¥187,689,628.56, a growth of about 32%[17] - Total assets decreased to ¥516,934,663.21 from ¥635,769,517.63, a decline of approximately 19%[18] - Current liabilities were reported at ¥496,755,731.69, unchanged from the previous period[34] - Non-current liabilities increased to ¥16,683,596.43, a rise of ¥70,551,694.57[35] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 223,200,155.97, compared to a positive inflow of CNY 25,561,342.97 in the previous year[7] - In Q1 2021, the company's net cash flow from operating activities was -223,200,155.97 RMB, a significant decline compared to 25,561,342.97 RMB in Q1 2020[28] - Total cash inflow from operating activities was 27,214,665.98 RMB, down from 258,046,315.51 RMB in the same period last year, representing a decrease of approximately 89.4%[28] - The company recorded a significant cash outflow of 221,610,956.75 RMB in operating activities, compared to 22,798,349.13 RMB in Q1 2020, reflecting increased operational costs[31] - The company recorded a net cash flow from investing activities of 138,086,272.65 RMB, compared to -534,597.97 RMB in Q1 2020, indicating a positive turnaround[28] - Cash inflow from financing activities was 10,000,000.00 RMB, a decrease of 95.0% from 201,820,000.00 RMB in Q1 2020[28] - The net cash flow from financing activities was -1,176,719.68 RMB, compared to -237,021,722.07 RMB in Q1 2020, showing an improvement in financing cash outflows[31] Shareholder Information - Net assets attributable to shareholders decreased by 43.10% to CNY 7,103,491.21 compared to the end of the previous year[7] - The company plans to issue 32,857,166 shares to its controlling shareholder, raising up to CNY 165.60 million[13] - Basic and diluted earnings per share for Q1 2021 were both -0.0125, compared to -0.3478 in Q1 2020, showing a reduction in losses per share[24] - Minority interests in net loss for Q1 2021 were CNY -954,323.73, compared to CNY -1,724,826.96 in Q1 2020, showing a reduction in losses attributable to minority shareholders[24] Inventory and Receivables - The company reported a significant increase in accounts receivable by 341.04% to CNY 30,432,009.20 due to increased customer payments[12] - Inventory increased by 103.25% to CNY 27,428,339.37, indicating a rise in raw materials[12] - Inventory increased to ¥27,428,339.37 from ¥13,494,955.99, showing a growth of approximately 103%[17] - The company recorded a credit impairment loss of CNY 6,954,732.27 in Q1 2021, compared to a loss of CNY 57,247,340.12 in Q1 2020, indicating improved credit management[23] Financial Expenses - Financial expenses decreased by 88.53% to CNY 2,035,012.85 due to a significant reduction in financial liabilities[12] - The company’s financial expenses decreased significantly to CNY 2,035,012.85 in Q1 2021 from CNY 17,738,750.86 in Q1 2020, indicating improved cost control[23]