SHREG(SZ:000803)2020-04-29 16:00Financial Performance - The company's operating revenue for Q1 2020 was 0.00, a decrease of 100.00% compared to 4,637,040.32 in the same period last year[8] - The net profit attributable to shareholders was -14,677,185.52, representing a decrease of 13.65% from -16,997,987.40 year-on-year[8] - The basic earnings per share were -0.11, down 15.38% from -0.13 in the same period last year[8] - Net loss for the first quarter was -14,705,824.36, an improvement from -22,818,384.07 in the previous year, showing a reduction in losses by about 35.5%[38] - The total comprehensive income for the quarter was -12,794,167.91 CNY, compared to -7,924,683.17 CNY in the same quarter last year[43] Cash Flow - The net cash flow from operating activities was -22,648,393.10, a decline of 135.13% compared to 64,464,171.86 in the previous year[8] - Cash flow from operating activities showed a net outflow of -22,648,393.10 CNY, a stark contrast to the net inflow of 64,464,171.86 CNY in the same quarter last year[46] - The company reported cash inflows from operating activities totaling 5,248,762.86 CNY, down from 92,725,203.21 CNY in the previous year[45] - The cash outflow for purchasing goods and services was 20,567,000.00 CNY, compared to 9,570,711.37 CNY in the previous year, indicating increased operational costs[46] - The company incurred a total cash outflow from financing activities of 11,356,166.64, which includes debt repayment of 10,000,000.00[50] Assets and Liabilities - Total assets at the end of the reporting period were 361,911,446.68, a decrease of 6.19% from 385,774,960.90 at the end of the previous year[8] - The company's total assets decreased to 420,377,116.03 from 455,103,054.31, a decline of approximately 7.6%[34] - Total liabilities decreased to 488,229,210.83 from 517,110,421.20, representing a reduction of about 5.6%[34] - The company's equity attributable to shareholders was negative at -118,495,418.34 CNY, compared to -110,767,672.83 CNY at the end of 2019[31] - The owner's equity showed a negative balance of -67,852,094.80, worsening from -62,007,366.89 year-over-year[34] Financing Activities - The company raised 10,000,000.00 through financing activities, primarily from a loan obtained from Leshan Bank[15] - The company reported a cash inflow from financing activities of 10,000,000.00 from borrowings[50] - The company's short-term borrowings increased to 161,200,000.00 from 151,200,000.00, reflecting a rise of approximately 6.6%[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,960[10] - The company is acquiring 86.34% of Shandong Shifang Environmental Energy Co., Ltd. through a combination of share issuance and cash payment, raising 350 million CNY from specific investors[16] Regulatory and Compliance - The company has submitted a request for a 30-day extension to respond to the China Securities Regulatory Commission's feedback on its acquisition proposal[16] - The company is currently organizing responses with relevant intermediaries regarding the regulatory feedback received[16] - The company has not yet audited the first quarter report, which may affect the reliability of the financial data presented[57] Operational Insights - The company has not engaged in any research and development of new products or technologies during the reporting period[22] - The company is implementing new revenue and leasing standards starting from 2020, which may impact future financial reporting[51] - The company has no reported securities investments, entrusted financial management, or derivative investments during the reporting period[19][20][21]