ZPEC(SH:603619)2021-04-29 16:00Financial Performance - Net profit attributable to shareholders was -¥11,620,368.87, representing a decrease of 272.47% year-on-year[19]. - Operating income for the period was ¥329,291,289.58, down 33.51% from the same period last year[19]. - Basic and diluted earnings per share were both -¥0.03, a decrease of 250.00% compared to the previous year[21]. - The total operating revenue for Q1 2021 was CNY 329,291,289.58, a decrease of 33.5% compared to CNY 495,251,808.73 in Q1 2020[61]. - The net profit for Q1 2021 was a loss of CNY 11,922,828.68, compared to a profit of CNY 6,700,674.92 in Q1 2020[65]. - The total comprehensive income for Q1 2021 was -¥36,950,659.75, compared to ¥17,515,481.46 in Q1 2020, reflecting a substantial drop[73]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,066,889,161.13, a 0.43% increase compared to the end of the previous year[19]. - Current assets totaled $3,323,994,226.39, up from $2,798,635,000.22, indicating a significant increase of about 18.7%[55]. - Non-current liabilities rose to $479,214,354.46 from $368,801,729.23, representing an increase of approximately 29.9%[51]. - Total liabilities amounted to $3,175,633,331.42, compared to $3,141,223,617.29, showing a growth of around 1.1%[51]. - The company's equity attributable to shareholders decreased to $1,892,569,493.14 from $1,904,759,085.05, a decline of about 0.6%[51]. - Total liabilities were CNY 3,141,223,617.29, down from CNY 3,155,673,071.94, indicating a reduction of CNY 14,449,454.65[89]. Cash Flow - Net cash flow from operating activities was ¥80,008,785.03, a significant increase of 2,605.77% compared to the previous year[19]. - Cash flow from operating activities surged by 2605.77% to RMB 80,008,785 from RMB 2,956,968 due to a decrease in cash payments for services compared to the previous year[38]. - The cash inflow from operating activities totaled ¥402,510,789.92 in Q1 2021, down from ¥748,170,456.23 in Q1 2020[76]. - The total cash inflow from operating activities in Q1 2021 was ¥428,630,331.71, down 50.1% from ¥858,777,724.23 in Q1 2020, indicating a decline in sales and service revenue[79]. Shareholder Information - The total number of shareholders at the end of the reporting period was 29,778[26]. - The largest shareholder, Shanghai Zhongman Investment Holding Co., Ltd., held 36.59% of the shares, with 146,369,800 shares pledged[26]. Government Support and Subsidies - The company received government subsidies amounting to ¥512,853.11 during the reporting period[21]. Operational Highlights - The company achieved an oil production of 21,022.32 tons in the first quarter of 2021, completing 100.11% of the quarterly target and 12.01% of the annual target[41]. - The overseas projects that were halted due to the pandemic have resumed operations in the first quarter of 2021, with new projects set to gradually start[42]. Cost Management - The company plans to focus on cost reduction strategies and potential market expansion to improve future performance[65]. - The company incurred financial expenses of ¥14,067,366.73 in Q1 2021, compared to ¥21,486,504.75 in Q1 2020, showing a decrease in financial costs[71]. Research and Development - Research and development expenses for Q1 2021 were ¥5,655,650.76, down from ¥11,437,087.32 in Q1 2020, indicating a reduction in R&D investment[71].