证券代码：600556 证券简称：天下秀 公告编号：临 2023-065 天下秀数字科技（集团）股份有限公司 关于公司会计政策变更的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ●本次会计政策变更是根据中华人民共和国财政部（以下简称"财政部"） 发布的《企业会计准则解释第16号》（财会〔2022〕31号）相关规定而进行的变 更，不会对公司的财务状况、经营成果和现金流量产生重大影响。 ●本次会计政策无需提交公司股东大会审议。 天下秀数字科技（集团）股份有限公司（以下简称"公司"）于 2023 年 8 月 25 日召开第十一届董事会第四次会议、第十一届监事会第四次会议，审议通 过了《关于公司会计政策变更的议案》。本次会计政策变更的议案无需提交公司 股东大会审议。具体说明如下： 一、本次会计政策变更概述 2022年11 月30日，财政部发布了《企业会计准则解释第16号》（财会〔2022〕 31 号）（以下简称《准则解释第 16 号》），本解释"关于单项交易产生的资产和 负债相关的递延所得税不适用初始确认豁免的 ...

证券代码：600556 证券简称：天下秀 公告编号：临 2023-063 根据上海证券交易所发布的《上海证券交易所上市公司自律监管指引第1号 ——规范运作》和《上海证券交易所上市公司自律监管指南第1号——公告格式》 等规定，天下秀数字科技（集团）股份有限公司（以下简称"公司"）董事会 编制了《关于公司2023年半年度募集资金存放与实际使用情况的专项报告》， 具体内容如下： 一、募集资金基本情况 （一）实际募集资金金额、资金到账时间 本公司经中国证券监督管理委员会证监许可[2020]1666号文核准，天下秀 数字科技(集 团)股 份 有 限 公 司 向 特 定 对 象 非 公 开 发 行 人 民 币 普 通 股(A 股)127,327,327股，发行价为每股人民币为16.65元，共计募集资金总额为人民币 2,119,999,994.55元，扣除券商承销佣金及保荐费49,077,999.88元(其中含进项税 2,777,999.99元)后的余额2,070,921,994.67元，主承销商华泰联合证券有限责任公 司于2020年9月3日分别汇入本公司募集资金监管账户民生银行北京广安门支行 (账号为：632304268 ...

证券代码：600556 证券简称：天下秀 公告编号：临 2023-059 二、募集资金归还情况 2023年8月18日，公司已将上述用于补充流动资金的募集资金80,000万元全 额归还至募集资金专用账户。同时公司按照法律法规要求，将上述募集资金归还 的事项及时通知了公司保荐机构中信证券股份有限公司和保荐代表人。 特此公告。 天下秀数字科技（集团）股份有限公司董事会 二〇二三年八月十九日 天下秀数字科技（集团）股份有限公司 关于公司使用部分闲置募集资金 暂时补充流动资金到期归还的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、募集资金暂时补充流动资金情况 天下秀数字科技（集团）股份有限公司（以下简称"公司"）于2022年8月25 日召开第十届董事会第十七次会议、第十届监事会第十六次会议，会议审议通过 了《关于使用部分闲置募集资金暂时补充流动资金的议案》，同意公司使用闲置 募集资金人民币合计不超过80,000万元暂时补充流动资金，使用期限自公司董事 会审议通过之日起不超过12个月。具体内容详见公司于2022年8月26日在上 ...

重要内容提示： 是否会对上市公司损益产生负面影响：本案已经广西壮族自治区北海市 中级人民法院作出一审判决，驳回公司诉讼请求。该案件一审判决结果对公司损 益不会产生负面影响。 证券代码：600556 证券简称：天下秀 公告编号：临 2023-058 天下秀数字科技（集团）股份有限公司 关于公司涉及重大诉讼进展的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 三、 案件判决情况 本判决为一审判决，上诉期尚未届满，并非终审判决，公司高度重视相 关诉讼案件，并聘请了专业法律团队积极上诉，尽最大努力维护公司及全体股东 的合法权益；鉴于相关诉讼仍存在不确定性，公司提醒投资者注意市场风险，后 续公司也将严格按照相关规定及时履行信息披露义务。 近日，天下秀数字科技（集团）股份有限公司（以下简称"公司"或"上市 公司"）收到广西壮族自治区北海市中级人民法院（以下简称"北海中院"）送 达的(2022)桂 05 民初 12 号《民事判决书》，现将有关情况公告如下： 一、 案件当事人 原告：天下秀数字科技（集团）股份有限公司 被告一：深圳市瑞莱 ...

Financial Performance - In 2022, the company's operating revenue was approximately CNY 4.13 billion, a decrease of 8.48% compared to 2021[2]. - The net profit attributable to shareholders was approximately CNY 179.92 million, down 49.22% year-on-year[2]. - The net profit after deducting non-recurring gains and losses was approximately CNY 103.71 million, a decline of 75.34% compared to the previous year[2]. - Revenue in the influencer marketing sector was CNY 4,128,909,281.45, a decrease of 8.48% compared to the previous year, with a gross margin of 21.75%, down by 0.53 percentage points[46]. - The company reported a significant increase in revenue, achieving a total of $500 million for the fiscal year, representing a 25% year-over-year growth[148]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in Q3 2023, representing a 25% year-over-year growth[175]. Client and User Metrics - The number of registered merchant clients on the WEIQ platform reached 190,603, an increase of 11,191 from the previous year[7]. - The active merchant client count was 6,505, with brand clients numbering 737, showing stability despite market challenges[7]. - The retention rates for brand clients over the past three years were 78.0%, 79.7%, and 81.5%, indicating high customer satisfaction[7]. - User data showed a growth in active users, reaching 10 million, which is a 15% increase compared to the previous year[148]. - Customer satisfaction ratings improved to 90%, reflecting the success of recent service enhancements[176]. Cash Flow and Assets - Total assets at the end of 2022 were approximately CNY 5.70 billion, reflecting a 14.01% increase from the previous year[2]. - The net cash flow from operating activities was approximately CNY 195.77 million, a significant improvement from a negative cash flow in 2021[2]. - The net cash flow from operating activities improved due to increased collection efforts, leading to higher receivables recovery[46]. - The company's cash and cash equivalents at the end of the period were ¥1,842,575,981.41, accounting for 32.30% of total assets, up 17.36% from the previous year[90]. - Accounts receivable increased to ¥2,574,828,817.60, representing 45.14% of total assets, with a year-on-year increase of 6.84% due to longer payment terms for reputable brand clients[90]. Research and Development - Research and development expenses rose by 28.01% to approximately ¥165.72 million, reflecting the company's commitment to innovation and technology integration[73]. - Total R&D expenses amounted to ¥178,879,231.68, representing 4.33% of operating revenue[87]. - The company plans to continue investing in R&D for innovative technology products centered around creators, including data analytics and customized KOL management systems[127]. - The company is investing 50 million in R&D for new technologies aimed at enhancing user experience and operational efficiency[175]. - Research and development investments have increased by 40%, focusing on artificial intelligence and machine learning technologies[148]. Strategic Initiatives and Market Expansion - The company aims to explore new economic models under Web3.0, enhancing support for content creators and brand exposure[23]. - The company is actively exploring overseas market opportunities with subsidiaries established in Singapore, Japan, and Hong Kong[29]. - The company is focused on building a "super connector" strategy within the decentralized economy, leveraging its accumulated resources and data capabilities to explore new business opportunities[65]. - Market expansion plans include entering three new international markets by the end of 2024, targeting a 10% increase in global market share[176]. - The company is exploring acquisition opportunities to enhance its product portfolio, with a budget of 100 million allocated for potential mergers and acquisitions[175]. Governance and Compliance - The company has held two shareholder meetings during the reporting period, ensuring compliance with regulations and fair treatment of all shareholders[143]. - The company is committed to maintaining a strong market position and leading industry development by expanding customer coverage and matching the rapidly growing market demand[138]. - The company has established an effective internal control system that meets the requirements of the Ministry of Finance and the China Securities Regulatory Commission, ensuring the protection of shareholder interests[197]. - The company has continuously improved its corporate governance structure and internal control system in compliance with the latest requirements of the Company Law and the Securities Law[166]. - The company has not faced any penalties from securities regulatory authorities in the past three years[181]. Cost Management - Media resource procurement costs amounted to CNY 3,002,248,492.86, representing 92.92% of total costs, a decrease of 4.61% year-on-year[49]. - Employee compensation costs increased by 47.16% year-on-year to CNY 44,222,722.52, reflecting rising human resource expenses[49]. - The overall cost structure has been impacted by a significant decrease in platform sharing costs, down 74.52% due to reduced business income[49][50]. - The company reported a 5% decrease in operational costs due to improved efficiency measures implemented in Q3 2023[175]. Future Outlook - The company provided guidance for the next fiscal year, projecting revenue growth of 20% and aiming to reach $600 million[148]. - The company provided guidance for Q4 2023, expecting revenue to be between 1.6 billion and 1.8 billion, indicating a potential growth of 20% to 30% compared to Q4 2022[175]. - New product launches are expected to contribute an additional $50 million in revenue, with a focus on innovative technology solutions[148]. - New product launches are anticipated to contribute an additional 200 million in revenue in the next quarter[176]. Management and Remuneration - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to CNY 836.37 million[170]. - The chairman and general manager, Li Meng, received a total pre-tax remuneration of CNY 1.95 million[170]. - The financial officer, Qin Haiyu, received a total pre-tax remuneration of CNY 2.01 million[170]. - The board approved the 2021 annual report and its summary on April 18, 2022[156]. - The company held a meeting on April 18, 2022, where it approved the remuneration plans for directors and senior management for the year 2022[187].

Financial Performance - Total operating revenue for Q1 2023 was ¥954,586,640.81, a decrease of 17.6% from ¥1,159,143,711.10 in Q1 2022[23] - Net profit for Q1 2023 was ¥16,658,204.76, a decline of 81.1% compared to ¥88,267,629.00 in Q1 2022[25] - Operating revenue for the first quarter was CNY 954,586,640.81, a decrease of 17.65% compared to the same period last year[36] - Net profit attributable to shareholders was CNY 19,030,808.15, down 79.58% year-on-year[36] - The total comprehensive income for Q1 2023 was ¥13,059,981.59, compared to a loss of ¥24,107,166.31 in Q1 2022, indicating a strong recovery in overall financial performance[67] Assets and Liabilities - Total assets at the end of Q1 2023 were approximately ¥5.70 billion, a decrease of 0.15% compared to the end of the previous year[7] - Total assets as of the end of the reporting period were ¥5,695,435,435.70, slightly down from ¥5,703,826,578.99 at the end of the previous period[19] - Non-current assets totaled ¥774,737,882.42, a decrease from ¥795,828,206.99 in the previous period[19] - Current liabilities totaled CNY 1,897,397,068.72, slightly down from CNY 1,900,691,958.47 in the previous period[43] - The total liabilities amounted to ¥63,152,324.22, a decrease from ¥66,058,083.37 in the previous reporting period[64] Shareholder Information - The company reported a total of 73,459 common shareholders at the end of the reporting period, indicating a diverse shareholder base[15] - The largest shareholder, ShowWorld HongKong Limited, holds 332,615,750 shares, representing 18.40% of total shares[15] - The second-largest shareholder, WB Online Investment Limited, owns 147,726,614 shares, accounting for 8.17% of total shares[15] - Total equity attributable to shareholders reached ¥3,784,774,035.37, an increase from ¥3,764,907,704.50 year-over-year[45] Cash Flow - Cash flow from operating activities in Q1 2023 was ¥1,238,839,144.72, compared to ¥1,297,799,386.65 in Q1 2022, reflecting a decrease of 4.5%[26] - Net cash flow from financing activities was ¥59,872,758.01, compared to a negative cash flow of ¥29,296,068.02 in the previous year[52] - Cash inflow from operating activities totaled CNY 1,340,394,552.02, while cash outflow was CNY 1,261,783,047.14, resulting in a net cash flow of CNY 78,611,504.88[36] - Cash and cash equivalents at the end of the period amounted to ¥1,965,238,275.99, up from ¥1,342,905,655.02 at the end of the previous year[52] Operational Insights - The report indicates that there were no significant changes in the company's operational strategies or market expansion plans during the quarter[9] - The company has not disclosed any new product launches or technological developments in this reporting period[9] - Future outlook and performance guidance were not explicitly detailed in the report, leaving investors with limited insights into upcoming strategies[9] Expenses - Total operating costs for Q1 2023 were ¥925,065,801.56, down 13.5% from ¥1,070,364,935.02 in Q1 2022[23] - Research and development expenses decreased to ¥28,957,757.55 in Q1 2023 from ¥35,772,277.07 in Q1 2022, a reduction of 19.1%[25] - Financial expenses for Q1 2023 were reported at -¥1,180,335.77, compared to -¥98,429.54 in Q1 2022, showing a significant reduction in financial costs[65] Miscellaneous - The company did not conduct an audit for the Q1 financial report, which may affect the perception of financial reliability[5] - The company reported a significant reduction in management expenses due to lower litigation costs and reduced personnel costs[38] - Other comprehensive income after tax for Q1 2023 was ¥835,522.72, compared to a loss of ¥2,141.53 in Q1 2022[26]

证券代码：600556 证券简称：天下秀 公告编号：临 2023-036 天下秀数字科技（集团）股份有限公司 关于召开 2022 年度利润分配暨业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示: 一、说明会类型 天下秀数字科技（集团）股份有限公司（以下简称"公司"）于2023年4月 25日披露了《2022年年度报告》及2022年度利润分配预案。具体内容详见同日 刊登在上海证券交易所网站（www.sse.com.cn）及指定信息披露媒体上的相关 公告。 根据《上海证券交易所上市公司自律监管指引第1号——规范运作》等相关 规定，为使广大投资者更加全面、深入地了解公司情况，公司拟通过网络平台 交流互动的方式举行"2022年度利润分配暨业绩说明会"。 二、说明会具体安排 公司将于 2023 年 5 月 11 日（星期四）15:00-16:00，通过中国证券网路演 中心（http://roadshow.cnstock.com/）以网络平台交流互动方式召开"2022 年度 利润分配暨业绩说明会"。 三、公司出 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥1,018,077,724.64, representing a decrease of 7.47% compared to the same period last year[7]. - Net profit attributable to shareholders for Q3 2022 was ¥34,948,833.21, down 19.53% year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥32,920,416.37, a significant decline of 71.55% compared to the previous year[7]. - Basic earnings per share for Q3 2022 were ¥0.0193, reflecting a decrease of 19.53% year-on-year[10]. - Total operating revenue for the first three quarters of 2022 was approximately $3.11 billion, a decrease of 4.4% compared to $3.25 billion in the same period of 2021[34]. - Net profit for the first three quarters of 2022 was approximately $184.14 million, down 24.6% from $244.04 million in the same period of 2021[37]. - The total comprehensive income for the first three quarters of 2022 was approximately $184.49 million, compared to $244.04 million in the previous year, reflecting a decrease of 24.5%[38]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,111,310,556.45, an increase of 2.17% from the end of the previous year[10]. - The company's current assets totaled RMB 4,250,189,163.49, down from RMB 4,438,264,993.13 in the previous year, indicating a decrease of about 4.23%[26]. - The company's total liabilities were RMB 1,342,271,049.95, a slight decrease from RMB 1,385,038,438.26, representing a reduction of approximately 3.08%[29]. - The total non-current assets increased to RMB 861,121,392.96 from RMB 564,657,241.93, reflecting a growth of about 52.67%[28]. Shareholder Equity - The equity attributable to shareholders increased to ¥3,791,314,474.78, up 4.55% from the previous year[10]. - The equity attributable to shareholders increased to RMB 3,791,314,474.78 from RMB 3,626,473,445.66, marking an increase of about 4.55%[29]. - The company’s retained earnings increased to RMB 1,166,891,744.90 from RMB 1,001,876,404.10, representing a growth of approximately 16.43%[29]. Cash Flow - The company reported a net cash flow from operating activities of ¥32,911,096.32 for the year-to-date period[10]. - Cash flow from operating activities generated a net amount of approximately $32.91 million, a significant improvement compared to a net outflow of approximately $446.39 million in the previous year[41]. - Cash inflow from financing activities amounted to $383.68 million, significantly higher than $5.82 million in the previous period[44]. - Net cash flow from financing activities was $189.45 million, a recovery from a negative cash flow of -$68.83 million last year[44]. - The net increase in cash and cash equivalents was -$76.64 million, compared to a much larger decrease of -$655.39 million in the previous period[44]. - The ending balance of cash and cash equivalents was $1.36 billion, down from $1.50 billion at the end of the previous period[44]. Expenses - Total operating costs increased to approximately $2.98 billion, up 2.2% from $2.91 billion in the previous year[34]. - The company reported a significant increase in sales expenses, which rose to approximately $239.15 million, compared to $171.95 million in the previous year, reflecting a 39.0% increase[34]. - Research and development expenses were approximately $120.49 million, slightly up from $119.33 million in the same period last year[34]. - The company reported a tax expense of approximately $18.43 million, slightly down from $19.55 million in the same period of 2021[37]. Non-Recurring Items - Non-recurring gains and losses for Q3 2022 totaled ¥2,028,416.84, with a year-to-date total of ¥53,479,510.04[13]. - The decline in net profit was attributed to the impact of COVID-19 control measures, which reduced business expansion and increased execution costs[13]. - The company recorded an investment income of approximately $55.93 million, a turnaround from a loss of approximately $3.79 million in the same period of 2021[34].

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the first half of 2022, representing a year-over-year growth of 15%[2]. - The company's operating revenue for the first half of 2022 was ¥2,088,202,071.73, a decrease of 2.90% compared to ¥2,150,547,024.08 in the same period last year[28]. - The net profit attributable to shareholders of the listed company was ¥169,062,951.36, down 20.10% from ¥211,589,527.54 year-on-year[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥117,611,858.16, a decline of 44.90% compared to ¥213,439,133.52 in the previous year[28]. - The company achieved revenue of RMB 2.088 billion in the first half of 2022, a year-on-year decrease of 2.90%[69]. - The net profit attributable to shareholders was RMB 169 million, down 20.10% year-on-year, while the net profit excluding non-recurring items was RMB 118 million, a decrease of 44.90%[81]. User Engagement and Market Expansion - User data showed a total of 5 million active users, an increase of 20% compared to the same period last year[2]. - The company is expanding its market presence in Southeast Asia, aiming for a 25% increase in market share by the end of 2023[2]. - The company is focusing on enhancing its digital marketing strategies and expanding its presence in the new media sector[19]. - The company aims to leverage big data and cloud computing to improve operational efficiency and customer engagement[20]. Product Development and Innovation - New product development includes the launch of an innovative digital marketing platform, expected to enhance user engagement by 30%[2]. - The company is investing 100 million RMB in research and development for new technologies in the digital advertising space[2]. - The company has launched new products such as the 3D virtual social software "Rainbow Universe" and the digital collectibles tool "TopHolder" to explore new business models[78]. - The company is actively exploring blockchain technology and innovative products for the Web3.0 era[57]. Strategic Acquisitions and Partnerships - A strategic acquisition of a local tech firm was completed, which is projected to contribute an additional 200 million RMB in annual revenue[2]. - The company has established strategic partnerships with brands such as Lafite Group and Longfor Group to enhance digital technology in the real economy[57]. Financial Health and Assets - The total assets at the end of the reporting period were ¥5,114,939,676.61, reflecting a 2.24% increase from ¥5,002,922,235.06 at the end of the previous year[28]. - The net assets attributable to shareholders increased by 3.67% to ¥3,759,459,693.11 from ¥3,626,473,445.66 at the end of the previous year[28]. - Cash and cash equivalents at the end of the period amounted to ¥1,498,051,451.84, representing 29.29% of total assets, a decrease of 4.58% compared to the previous year[88]. - Accounts receivable reached ¥2,557,878,790.86, accounting for 50.01% of total assets, with a year-on-year increase of 6.14%[88]. Risks and Compliance - The company has identified potential risks in its innovative business model, emphasizing the need for careful monitoring of market trends[2]. - The company has made commitments to maintain the interests of all investors and actively address litigation issues arising from previous management's violations of information disclosure regulations[141]. - The company is currently involved in a significant lawsuit where it seeks 171,147,774.36 yuan from Shenzhen Rui Lai Jia Yu Investment Enterprise (Limited Partnership) and Zhang Fei for contractual disputes[146]. Shareholder and Governance - The company has committed to maintaining independent financial decision-making and operations, ensuring no interference from controlling shareholders[117]. - The company ensures the independence of its financial accounting department and management system, maintaining separate bank accounts and independent tax obligations[120]. - The number of ordinary shareholders at the end of the reporting period is 94,817[172]. - The largest shareholder, ShowWorld HongKong Limited, holds 332,615,750 shares, representing 18.40% of the total shares[173].

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,159,143,711.10, representing a year-on-year increase of 36.16%[6] - The net profit attributable to shareholders was ¥93,183,257.94, reflecting a growth of 12.43% compared to the same period last year[6] - The net cash flow from operating activities reached ¥25,934,964.01, showing a significant increase of 125.42% year-on-year[6] - The basic earnings per share for the quarter was ¥0.0515, which is a 12.43% increase from the previous year[6] - Total operating revenue for Q1 2022 reached RMB 1,159,143,711.10, a significant increase from RMB 851,280,223.30 in Q1 2021, representing a growth of approximately 36.1%[32] - Net profit for Q1 2022 was RMB 88,267,629.00, up from RMB 79,927,172.29 in Q1 2021, indicating a growth of approximately 10.3%[34] - The total comprehensive income for Q1 2022 was RMB 88,265,487.47, compared to RMB 79,927,172.29 in Q1 2021, showing an increase of approximately 10.3%[34] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,895,014,239.66, a decrease of 2.16% from the end of the previous year[9] - As of March 31, 2022, the company's total current assets amounted to approximately RMB 4.27 billion, a decrease of 3.73% from RMB 4.44 billion on December 31, 2021[23] - The company's accounts receivable stood at approximately RMB 2.36 billion, down from RMB 2.41 billion, reflecting a decrease of about 2.23%[23] - Non-current assets totaled approximately RMB 621.82 million, an increase of 10.13% from RMB 564.66 million as of December 31, 2021[27] - The company's total liabilities were approximately RMB 1.19 billion, a decrease of 14.14% from RMB 1.39 billion[29] - The total assets decreased to approximately $3.67 billion from $3.71 billion, reflecting a reduction in overall asset base[48] Equity and Shareholder Information - The equity attributable to shareholders of the parent company increased to approximately RMB 3.72 billion, up from RMB 3.63 billion, reflecting an increase of about 2.93%[29] - The company's total equity was approximately RMB 3.71 billion, a slight increase from RMB 3.62 billion, reflecting a growth of about 2.45%[29] - The total number of ordinary shareholders at the end of the reporting period was 98,212[13] Expenses - The company increased its R&D expenses by 34.14%, focusing on projects like the WEIQ platform and Hong Universe[12] - Sales expenses grew by 50.73%, primarily due to increased personnel costs associated with business growth[12] - Total operating costs for Q1 2022 were RMB 1,070,364,935.02, compared to RMB 755,136,497.80 in Q1 2021, reflecting an increase of about 42.0%[32] - Research and development expenses for Q1 2022 totaled RMB 35,772,277.07, up from RMB 26,667,462.71 in Q1 2021, representing an increase of approximately 34.1%[32] - Sales expenses for Q1 2022 were RMB 80,724,199.55, compared to RMB 53,555,345.50 in Q1 2021, reflecting an increase of about 50.7%[32] Cash Flow - The net cash flow from operating activities for Q1 2022 was RMB 25,934,964.01, a turnaround from a negative cash flow of RMB -102,034,522.75 in Q1 2021[39] - The net cash flow from investing activities was -$89.38 million, compared to -$13.31 million in the previous period, indicating a significant increase in investment outflows[41] - The company's cash and cash equivalents decreased to approximately RMB 1.40 billion from RMB 1.57 billion, a decline of about 10.88%[23] - The company's cash and cash equivalents at the end of the period were approximately $1.34 billion, down from $2.04 billion at the end of the previous period[41] - The net increase in cash and cash equivalents was -$92.74 million, compared to -$112.82 million in the previous period, showing an improvement in cash flow management[41] Financial Challenges - The company reported a decrease in financial income, leading to a 42.96% rise in financial expenses[12] - The company experienced a credit impairment loss of RMB 5,723,681.74 in Q1 2022, compared to a gain of RMB -1,821,375.33 in Q1 2021[32] - The company reported a net loss in cash flow from financing activities of -$29.30 million, compared to a net inflow of $2.26 million in the previous period[41] - The total comprehensive income for Q1 2022 was -CNY 24,107,166.31, reflecting the overall financial challenges faced by the company[56]