ICW(600187)2020-04-27 16:00Financial Performance - Operating revenue decreased by 25.24% to CNY 63,274,131.59 year-on-year[5] - Net profit attributable to shareholders was CNY 16,755,727.25, a significant recovery from a loss of CNY 1,344,925.38 in the same period last year[5] - Basic and diluted earnings per share were both CNY 0.0104, recovering from a loss of CNY -0.0008 in the same period last year[5] - The company reported a net loss of ¥198,770,084.94, an improvement from a loss of ¥215,525,812.19 in the previous period[36] - The company’s total comprehensive income for the period was 28,732,318.51 RMB, compared to 6,656,239.60 RMB in the previous year, reflecting a substantial increase[48] Cash Flow - The net cash flow from operating activities was negative at CNY -231,485,291.06, compared to CNY -44,684,194.66 in the previous year[5] - In Q1 2020, the net cash flow from operating activities was -RMB 231.49 million, a decrease of RMB 186.80 million compared to Q1 2019[23] - The company experienced a cash outflow of 320,531,788.09 RMB from operating activities, which is a substantial increase from 139,279,415.71 RMB in Q1 2019, representing a rise of about 130%[52] - The net cash flow from financing activities was 36,933,917.85 RMB, a recovery from -8,465,010.18 RMB in Q1 2019, showing a positive shift in financing[52] Assets and Liabilities - Total assets increased by 1.16% to CNY 4,839,513,921.51 compared to the end of the previous year[5] - Current assets totaled ¥2,620,305,160.44, compared to ¥2,582,879,926.34 at the end of 2019, indicating an increase of about 1.44%[34] - Total liabilities amounted to ¥1,370,778,477.44, up from ¥1,331,795,572.24, reflecting an increase of about 2.9%[36] - Long-term borrowings increased to ¥194,480,000.00 from ¥162,000,000.00, representing a growth of approximately 20%[36] Shareholder Information - The total number of shareholders reached 117,861, indicating a stable shareholder base[9] - The largest shareholder, Guozhong (Tianjin) Water Co., Ltd., holds 13.74% of shares, with a significant portion pledged[9] - The actual controller's companies released 198,310,900 shares for circulation, accounting for 11.99% of the total share capital[19] Investment and Expenses - The company reported an investment income of CNY 31,049,078.08, a 302.50% increase compared to CNY 7,714,105.37 in the same period last year[15] - Tax expenses decreased by 65.92%, from CNY 7,240,679.99 to CNY 2,467,270.83[15] - Financial expenses dropped by 86.42%, from CNY 3,560,526.10 to CNY 483,476.49[15] Operational Focus - The company is focusing on enhancing its financial performance and operational efficiency in the upcoming quarters[5] - The company is pursuing arbitration against Dongying government for unpaid sewage treatment fees amounting to RMB 46.67 million, with an additional RMB 64.34 million deemed uncollectible[28] - The company is in the process of a major asset acquisition of Chengdu Renxin Technology Co., acquiring 52.53% of its shares, with ongoing negotiations for compliance adjustments[30] Changes in Capital Structure - The company reduced its registered capital from RMB 801 million to RMB 571 million, with a return of RMB 102.11 million received on April 14, 2020[21] - The company plans to establish a joint venture with Shanghai Pengdu Health Technology Development Co., with a registered capital of RMB 100 million, where Pengdu Health will contribute RMB 80 million[22] Other Financial Metrics - The weighted average return on equity was 0.49%, up from -0.04% year-on-year[5] - Non-recurring gains and losses totaled CNY 9,053,496.90, with significant contributions from financial investment income[8] - The company’s research and development expenses for Q1 2020 were CNY 1,508,553.02, slightly up from CNY 1,334,193.72 in Q1 2019[43]