Arctech Solar(SH:688408)2021-04-28 16:00Financial Performance - Operating income for the first quarter was CNY 322,245,561.56, a decrease of 5.85% year-on-year[11] - Net profit attributable to shareholders decreased by 18.17% to CNY 14,827,644.64 compared to the same period last year[11] - Basic and diluted earnings per share decreased by 38.89% to CNY 0.11 compared to CNY 0.18 in the same period last year[11] - Total operating revenue for Q1 2021 was CNY 322,245,561.56, a decrease of 5.4% compared to CNY 342,283,202.92 in Q1 2020[47] - Operating profit for Q1 2021 was CNY 20,357,131.50, down from CNY 23,000,360.00 in Q1 2020, reflecting a decline of 11.4%[47] - The company reported a net profit margin decline due to increased operating costs and lower revenue[47] - The net profit for Q1 2021 was CNY 5.68 million, down 63.2% from CNY 15.47 million in Q1 2020[53] - The company reported a total profit of CNY 10.34 million for Q1 2021, down from CNY 18.27 million in the same period last year[51] Cash Flow - The net cash flow from operating activities was CNY 204,429,080.69, a significant improvement from a negative cash flow of CNY -27,559,573.52 in the previous year[11] - Operating cash inflow totaled CNY 628,066,647.90, an increase from CNY 418,868,874.61 in the previous period, reflecting a growth of approximately 50%[56] - Cash inflow from sales of goods and services reached CNY 586,399,193.56, compared to CNY 378,720,651.14 in the previous year, representing a growth of approximately 55%[61] - Total cash outflow for operating activities was CNY 423,637,567.21, slightly lower than CNY 446,428,448.13 in the previous period, indicating better cost management[56] - Cash and cash equivalents at the end of the period stood at CNY 738,781,519.23, a decrease from CNY 1,313,586,147.16 at the beginning of the period, reflecting a net decrease of CNY 574,804,627.93[58] Assets and Liabilities - Total assets decreased by 8.35% to CNY 4,273,980,548.64 compared to the end of the previous year[11] - Current assets totaled CNY 3,651,275,891.49, down from CNY 3,899,201,261.64 in the previous year[41] - Total liabilities amounted to CNY 1,504,848,854.01, a decrease from CNY 1,728,666,643.56 year-over-year[43] - Total liabilities reached approximately $1.73 billion, with non-current liabilities accounting for about $2.06 million[76] - Total current liabilities were approximately CNY 2.12 billion, with contract liabilities at CNY 27.97 million[67] Investments and R&D - R&D expenditure as a percentage of operating income increased to 7.09%, up from 5.31% in the previous year, indicating a focus on innovation[11] - Research and development expenses rose by 25.67% to ¥22,842,572.27 from ¥18,176,937.60 as the company increased its focus on technological innovation[28] - The company plans to focus on R&D, with R&D expenses for Q1 2021 at CNY 22,842,572.27, up from CNY 18,176,937.60 in Q1 2020[47] Shareholder Information - The total number of shareholders at the end of the reporting period was 3,387[16] - The largest shareholder, Cai Hao, holds 37.50% of the shares, totaling 50,893,679 shares[16] - The company's equity attributable to shareholders increased to ¥2,497,095,467.00 from ¥2,482,272,171.17, reflecting a growth of approximately 0.60%[38] Financial Position - Total assets as of the reporting date were CNY 3,920,199,636.63, compared to CNY 4,138,338,670.91 in the previous year[43] - Total current assets amounted to approximately CNY 4.20 billion, with accounts receivable at CNY 241.90 million and inventory at CNY 289.97 million[64] - The company reported other current assets of CNY 20.91 million, indicating liquidity[64]