A-Zenith(SH:603389)2021-04-22 16:00Financial Performance - Operating revenue for the first quarter reached CNY 48,797,850.53, a 36.83% increase year-on-year[7] - Net profit attributable to shareholders was CNY -15,501,575.53, representing a decrease of 554.103% compared to the same period last year[7] - The company reported a net profit attributable to shareholders after deducting non-recurring gains and losses of CNY -19,383,225.79[7] - The company reported a significant decrease in tax payables by 82.20% to ¥1,037,770.98 from ¥5,830,179.23, mainly due to tax payments for the previous year[14] - The total comprehensive income for Q1 2021 was a loss of ¥6,754,517.11, compared to a gain of ¥11,307,029.62 in Q1 2020, highlighting a challenging financial period[36] - The net profit for Q1 2021 was a loss of ¥6,754,517.11, compared to a profit of ¥11,307,029.62 in Q1 2020, indicating a decline in profitability[36] Cash Flow and Liquidity - The net cash flow from operating activities was CNY -54,618,991.88, compared to CNY -19,783,650.03 in the previous year[7] - Cash and cash equivalents decreased by 52.31% to ¥67,457,811.73 from ¥141,438,584.13, primarily due to loan repayments and increased procurement for bulk materials[14] - The cash flow from operating activities showed a net outflow of ¥54,618,991.88 in Q1 2021, worsening from a net outflow of ¥19,783,650.03 in Q1 2020[39] - Cash and cash equivalents at the end of Q1 2021 were 50,704,589.02 RMB, down from 79,102,413.58 RMB at the end of Q1 2020, indicating a liquidity squeeze[42] Assets and Liabilities - Total assets increased by 10.28% to CNY 922,664,874.47 compared to the end of the previous year[7] - The total assets increased to ¥922,664,874.47 from ¥836,622,724.24, reflecting growth in the company's overall financial position[22] - Total liabilities increased to CNY 125,611,002.04 from CNY 103,758,359.61, representing a rise of 21.1%[27] - The total current liabilities amounted to 150,151,823.61 RMB, remaining stable compared to the previous year, suggesting effective management of short-term obligations[46] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,708[12] - The largest shareholder, Shanghai Yazhen Investment Co., Ltd., holds 64.12% of the shares[12] Earnings and Expenses - Basic earnings per share were CNY -0.06, a decrease of 700% compared to CNY 0.01 in the previous year[7] - Research and development expenses decreased by 42.99% to ¥533,990.43 from ¥936,671.58, indicating a reduction in investment in this area[15] - Employee compensation payments increased to 17,802,488.43 RMB in Q1 2021 from 12,249,130.90 RMB in Q1 2020, reflecting a rise in workforce costs[41] Non-Recurring Items - Non-recurring gains and losses totaled CNY 3,881,650.26, primarily from the sale of a subsidiary's controlling stake[11]