Group 1: Client Development and Market Position - The company has recently developed new clients including Ping An Bank and CITIC Bank, which are expected to contribute to rapid revenue growth [1] - The current client structure consists of 60-70% foreign enterprises and 30-40% domestic enterprises [2] - The company is in the cultivation phase for new clients, requiring 1-2 years to transition from small, low-margin orders to larger clients [1] Group 2: Operational Insights - Each business unit typically consists of 30-50 employees, currently serving 1-2 core clients and 3-5 mid-tier clients, generating a business output of approximately 200-300 million [2] - The assessment of business units is primarily based on net profit, with results linked to team bonuses [2] - The internal management structure is organized by business units, which act as profit centers responsible for shared profits [2] Group 3: Client Evaluation and Product Focus - Clients evaluate the company in two phases: first, assessing qualifications such as registered capital and service experience; second, through competitive bidding based on product categories [2] - Clients prioritize product attractiveness within their budget when selecting promotional items, rather than focusing solely on price [2] Group 4: Future Opportunities - The company has obtained licensing for producing and selling Olympic merchandise for the 2022 Beijing Winter Olympics, which may enhance promotional product sales and attract new clients [3] - The impact of the Winter Olympics on the company's performance is currently difficult to predict due to the timeline of the event [3]

北京元隆雅图文化传播股份有限公司 2019 年 1 月 15 日投资者关系活动记录表 编号：2019-002 | --- | --- | --- | |--------------|----------------------------------|-----------------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活 | √ | 特定对象调研 □分析师会议 | | 动类别 | □媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称 | | 国海证券尹洵、鑫亿（北京）基金张传富、首善财富梁馨 | | 及人员姓名 | | 欣、嘉实基金曲盛伟、金汇博林孙泽华 | | 时间 | 2019 年 1 月 15 | 日 | | 地点 | 公司会议室 | | | 上市公司接待 ...

证券代码：002878 证券简称：元隆雅图 北京元隆雅图文化传播股份有限公司 投资者关系活动记录表 编号：2022-002 | --- | --- | --- | --- | --- | --- | --- | |--------------|-----------------------|--------------------------|-------|-------|-------|-------| | | | | | | | | | | 特定对象调研 | □分析师会议 | | | | | | 投资者关系活 | | □媒体采访 □业绩说明会 | | | | | | 动类别 | □新闻发布会 □路演活动 | | | | | | | | □现场参观 | | | | | | | | □其他 | （投资者集体接待日活动） | | | | | | | 单位 | 姓名 | | | | | | | 上海证券 | 陈旻 | | | | | | | 国君证券 | 陈筱 | | | | | | | 华泰证券 | 段联 | | | | | | | 浦银安盛基金 | 范军 | | | | | | | 安信证券 | 冯静静 | ...

重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 北京元隆雅图文化传播股份有限公司 2022 年第三季度报告 证券代码：002878 证券简称：元隆雅图 公告编号：2022-079 北京元隆雅图文化传播股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度报告是否经过审计 □是 否 1 北京元隆雅图文化传播股份有限公司 2022 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 567,571,964.90 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,945,524,055.05, representing a 108.85% increase compared to ¥931,548,537.14 in the same period last year[21]. - Net profit attributable to shareholders was ¥174,463,058.57, a significant increase of 206.41% from ¥56,936,977.38 in the previous year[21]. - The net cash flow from operating activities reached ¥89,026,848.38, a remarkable improvement of 492.18% compared to a negative cash flow of ¥22,700,762.22 in the same period last year[21]. - Basic earnings per share increased to ¥0.79, up 203.85% from ¥0.26 in the previous year[21]. - The weighted average return on equity rose to 17.57%, an increase of 10.76% compared to 6.81% in the same period last year[21]. - Total revenue for the first half of 2022 reached 1.946 billion yuan, representing a year-on-year growth of 108.85%[40]. - The marketing business segment generated revenue of 878.85 million yuan, a year-on-year increase of 2.23%[42]. - New media marketing revenue grew by 20.30% to 371.20 million yuan despite challenges from the Shanghai pandemic[43]. - The company achieved revenue of 1.046 billion yuan from Winter Olympic licensed souvenirs, a year-on-year increase of 1,406.22%[41]. - The total profit before tax was CNY 249,614,658.98, significantly higher than CNY 40,484,703.81 in the previous year, indicating an increase of approximately 516%[144]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,751,328,261.16, a slight decrease of 0.69% from ¥1,763,409,860.28 at the end of the previous year[21]. - The company's total current assets were CNY 1,467,192,565.03, down from CNY 1,496,032,501.97 at the start of the year, indicating a decrease of approximately 1.5%[131]. - The total liabilities decreased to CNY 705,506,877.52 from CNY 830,638,534.12, representing a reduction of approximately 15.1%[133]. - The company's equity increased to CNY 1,045,821,383.64 from CNY 932,771,326.16, marking an increase of about 12.1%[133]. - Cash and cash equivalents decreased to CNY 342,540,642.58 from CNY 433,919,596.56, a decline of approximately 21.0%[131]. - The total liabilities at the end of the reporting period were RMB 4,112 million, indicating a manageable debt level relative to assets[162]. Investment and R&D - Research and development expenses increased by 50.61% to ¥61,123,534.10, driven by higher employee compensation in R&D[49]. - The company plans to continue investing in research and development to enhance its product offerings and market competitiveness, as indicated by the significant increase in R&D expenses[140]. - The company is actively developing innovative businesses, including an enterprise procurement e-commerce platform and cultural liquor products, which are still in the cultivation phase[44]. - The company plans to invest 50 million in research and development for innovative technologies aimed at enhancing user experience[183]. Corporate Governance and Compliance - The company emphasizes the protection of shareholder, employee, and partner rights, adhering to legal regulations and enhancing corporate governance[80]. - The company ensures compliance with labor laws, providing employees with necessary benefits and career development opportunities through training and incentive programs[80]. - The company has established a corporate governance structure with 11 departments and multiple subsidiaries, including 7 branch companies and 10 secondary subsidiaries[168]. - The semi-annual financial report was not audited[89]. Market Strategy and Future Plans - The company plans to maintain its market position by increasing investment in creative design, IP conversion, and IT capabilities to address intensified market competition[67]. - Future plans and forward-looking statements are included, but they do not constitute a substantive commitment to investors[4]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by the end of 2023[183]. - The company aims to enhance its technological capabilities through ongoing research and development initiatives[164]. Risks and Challenges - The company faces risks from the ongoing COVID-19 pandemic, which may impact business operations and performance due to potential marketing budget cuts by clients[67][68]. - The company has detailed the major risks it faces and corresponding countermeasures in the report[4]. - The company has identified potential risks related to currency fluctuations, which may impact financial results by approximately 5%[186]. Shareholder Information - The company will not distribute cash dividends or issue new shares during the reporting period[73]. - The total number of ordinary shareholders at the end of the reporting period was 22,528[116]. - The largest shareholder, Yuanlong Yatu (Beijing) Investment Co., Ltd., holds 40.59% of the shares, totaling 90,581,853 shares, with a reduction of 7,678,147 shares during the reporting period[116]. - The company has implemented a stock option incentive plan to motivate and retain key personnel[113]. Miscellaneous - The company has not sold any significant assets or equity during the reporting period[64][65]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[87]. - The company did not engage in any major litigation or arbitration matters during the reporting period[91].

Financial Performance - The company's operating revenue for Q1 2022 reached ¥978,712,305.28, representing a 120.08% increase compared to ¥444,710,639.81 in the same period last year[3] - Net profit attributable to shareholders was ¥92,417,597.14, a significant increase of 226.35% from ¥28,318,210.72 year-on-year[3] - The company reported a basic earnings per share of ¥0.42, up 223.08% from ¥0.13 in the same period last year[3] - Operating profit for the period was CNY 108,292,682.04, compared to CNY 37,778,674.95 in the same period last year, reflecting a growth of approximately 186%[23] - Net profit attributable to the parent company was CNY 92,417,597.14, up from CNY 28,318,210.72, marking an increase of about 226%[24] Cash Flow - The net cash flow from operating activities improved to ¥70,685,433.65, compared to a negative cash flow of ¥50,658,527.68 in the previous year, marking a 239.53% increase[3] - Cash flow from operating activities amounted to CNY 1,273,886,583.36, significantly higher than CNY 552,267,302.46 in the prior period[25] - Total cash outflow from operating activities amounted to 1,203,201,149.71 CNY, an increase from 602,925,830.14 CNY year-over-year[26] - The net cash flow from investing activities was -40,237,706.36 CNY, a decrease from 28,887,841.44 CNY in the previous year[26] - Cash inflow from financing activities totaled 54,311,175.70 CNY, compared to 10,000,000.00 CNY in the previous year[27] Assets and Liabilities - Total assets increased by 14.27% to ¥2,015,100,979.26 from ¥1,763,409,860.28 at the end of the previous year[3] - The company reported a total liability of CNY 974,172,875.48, compared to CNY 830,638,534.12 in the previous year, indicating a rise of approximately 17%[20] - The company's total equity attributable to shareholders reached CNY 1,014,078,942.11, up from CNY 876,601,510.34, representing a growth of approximately 16%[20] - The total liabilities and equity amounted to CNY 2,015,100,979.26, compared to CNY 1,763,409,860.28, reflecting an increase of about 14%[20] Inventory and Sales - Inventory levels rose by 104.44% to ¥361,715,507.98, primarily due to unsold Olympic-related products awaiting delivery[8] - Cash received from sales of goods and services was ¥1,270,378,143.26, a 135.25% increase from ¥540,010,458.76 in the previous year[11] - The company’s sales expenses increased by 295.65% to ¥101,574,138.59, driven by higher sales commissions related to Olympic products[10] Shareholder Information - The company reported a total of 29,880 common shareholders at the end of the reporting period[14] - The largest shareholder, Yuanlong Yatu (Beijing) Investment Co., Ltd., holds 42.05% of the shares, totaling 93,840,413 shares[14] Research and Development - Research and development expenses for the quarter were CNY 29,509,844.82, compared to CNY 19,004,536.32, reflecting an increase of about 55%[22] Future Outlook - The company plans to continue fulfilling orders for Olympic products, which are expected to sustain revenue growth in the upcoming quarters[7]

Financial Performance - The company's operating revenue for 2021 was ¥2,285,823,534.35, representing a 14.84% increase compared to ¥1,990,452,894.61 in 2020[21]. - The net profit attributable to shareholders decreased by 29.15% to ¥115,585,796.84 in 2021 from ¥163,136,298.65 in 2020[21]. - The net profit after deducting non-recurring gains and losses was ¥99,106,378.31, down 36.60% from ¥156,310,184.64 in the previous year[21]. - The net cash flow from operating activities was ¥122,197,663.23, a decrease of 17.63% compared to ¥148,355,444.78 in 2020[21]. - The total assets increased by 21.20% to ¥1,763,409,860.28 at the end of 2021 from ¥1,455,013,221.93 at the end of 2020[22]. - The net assets attributable to shareholders rose by 5.59% to ¥876,601,510.34 at the end of 2021 from ¥830,199,868.96 at the end of 2020[22]. - The basic earnings per share decreased by 29.33% to ¥0.53 in 2021 from ¥0.75 in 2020[21]. - The weighted average return on equity was 13.66%, down from 21.61% in 2020, reflecting a decrease of 7.95%[21]. - The company reported a total of ¥16,479,418.53 in non-recurring gains for 2021, compared to ¥6,826,114.01 in 2020[27]. - In 2021, the company achieved total revenue of 2.286 billion yuan, an increase of 14.84% year-on-year[48]. Market Position and Strategy - The company operates in the integrated marketing services sector, focusing on gift products and new media marketing, with major revenue streams from product sales and digital marketing services[39]. - The company has established itself as a leading player in the domestic gift product industry, although its current market share remains low, indicating significant growth potential[34]. - The new media marketing industry is experiencing rapid growth, with advertisers increasingly allocating budgets to platforms like WeChat, Weibo, and Douyin, enhancing the company's market position[34]. - The company aims to create a comprehensive marketing system that integrates new media advertising and gift product services, leveraging synergies between these two business areas[35]. - The rise of the Z generation as a major consumer group is driving demand for innovative and experiential gift products, pushing companies to adapt their marketing strategies accordingly[32]. - The company plans to leverage the momentum from the Beijing 2022 Winter Olympics to expand its market presence and develop potential clients[98]. Subsidiaries and Operations - The company has a total of 12 subsidiaries, including fully owned and controlling companies[14]. - The company added five new subsidiaries during the reporting period, including Shanghai Changrong and Hangzhou Changrong, enhancing its operational capacity[65]. - The company has established long-term partnerships with over 100 Fortune 500 companies, enhancing its market position and competitive barriers[47]. - The company has developed a one-stop enterprise e-commerce service platform, "Yuanlong Youpin," which integrates supply chain, design, and IT resources to meet the needs of thousands of supplier enterprises[40]. Research and Development - The company invested heavily in R&D and supply chain management, with total sales, management, and R&D expenses amounting to approximately ¥339.8 million, an increase of 48.01%[54]. - The company’s R&D expenses amounted to CNY 99.97 million in 2021, an increase of 15.11% compared to 2020, reflecting ongoing investment in creative design and digital marketing[69]. - The number of R&D personnel increased by 47.85% to 516 in 2021, indicating a focus on enhancing innovation capabilities[72]. - The company plans to increase R&D investment in creative products, focusing on trendy and culturally rich items, and has signed agreements with notable IPs like NBA and Universal Pictures[100]. Governance and Management - The company emphasizes independent operations, with clear separation in business, assets, personnel, finance, and institutions from its controlling shareholder[114]. - The company has established a transparent performance evaluation and incentive mechanism for its directors and senior management[111]. - The company maintains independent financial management, with a dedicated finance department and separate bank accounts[115]. - The company has a diverse board with members holding various academic and professional qualifications, including a PhD and multiple master's degrees[125][126]. - The company is committed to maintaining a diverse and qualified leadership team to drive its strategic initiatives and market expansion[127]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements due to market and policy uncertainties[6]. - The company faces risks from the ongoing COVID-19 pandemic, which may impact client marketing budgets and operational capabilities[104]. - The competitive landscape in the gift and new media marketing industries is intensifying, necessitating continuous improvement in creative design and IT capabilities[105]. - The company is actively working to mitigate the risk of losing core clients by diversifying its customer base and optimizing client structure[105]. Shareholder Engagement - The company held four shareholder meetings during the reporting period, reviewing a total of 35 proposals[110]. - The company held its second extraordinary general meeting with a shareholder attendance rate of 60.16%[117]. - The third extraordinary general meeting had a higher shareholder attendance rate of 64.55%[117]. - The company reported a total shareholding of 32,329,500 shares held by the chairman, with no changes during the reporting period[118]. Corporate Social Responsibility - The company actively participated in social charity activities, donating a total of 53,100 yuan during the reporting period[172]. - The company has implemented measures to strengthen environmental supervision and management, adhering to national laws and regulations[170]. - The company has established a harmonious labor relationship, ensuring employee rights and benefits are protected[171].

北京元隆雅图文化传播股份有限公司 2021 年第三季度报告 证券代码：002878 证券简称：元隆雅图 公告编号：2021-057 北京元隆雅图文化传播股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告 中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入（元） | 558,954,684.91 | 3.87% | 1,490,503,222.05 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥931,548,537.14, representing a 9.81% increase compared to ¥848,351,212.36 in the same period last year[22]. - The net profit attributable to shareholders decreased by 16.69% to ¥56,936,977.38 from ¥68,339,954.70 year-on-year[22]. - The net profit after deducting non-recurring gains and losses fell by 30.84% to ¥44,671,538.04 compared to ¥64,594,449.05 in the previous year[22]. - Basic earnings per share decreased by 16.13% to ¥0.26 from ¥0.31 year-on-year[22]. - The company reported a total comprehensive income of ¥69,519,240.00, down from ¥80,706,805.18 in the first half of 2020, a decrease of 13.8%[127]. - The total comprehensive income for the first half of 2021 was CNY 36,273,883.47, compared to CNY 71,995,238.56 in the same period of 2020, indicating a decrease of approximately 49.6%[134]. - The company reported a net profit distribution of 709 million yuan to shareholders, indicating a significant allocation of earnings[143]. - The company experienced a decrease in capital reserves by 11 million yuan during the reporting period[142]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥22,700,762.22, a decline of 225.81% from ¥18,043,358.15 in the same period last year[22]. - The company faced a significant decline in cash flow, indicating potential liquidity issues[22]. - Cash inflow from operating activities totaled CNY 1,159,199,857.70, while cash outflow was CNY 1,181,900,619.92, resulting in a net cash flow deficit[134]. - The net cash flow from financing activities was CNY -153,066,886.64, worsening from CNY -37,474,221.96 in the first half of 2020[135]. - The company's cash and cash equivalents decreased by 255.34% to -¥147,868,848.08, indicating significant cash outflows during the reporting period[40]. - Cash and cash equivalents decreased to ¥227,901,243.90, accounting for 17.02% of total assets, down from 25.84% last year, a decrease of 8.82% due to dividend distribution and loan repayments[46]. Revenue Breakdown - The company's total revenue for the reporting period increased by 9.81% year-on-year, with gross profit rising by 3.77%[35]. - Revenue from gift supply and promotional services totaled 551.10 million CNY, a year-on-year decrease of 4.14%[35]. - New media marketing revenue reached 308.55 million CNY, showing a significant year-on-year growth of 40.07%[35]. - Revenue from Beijing Winter Olympics licensed souvenirs and precious metals amounted to 70.74 million CNY, reflecting a year-on-year increase of 35.96%[35]. - The marketing business revenue accounted for 92.28% of total revenue, totaling ¥859,650,927.95, with a gross margin of 20.45%[43]. Expenses and Investments - Sales expenses, management expenses, and R&D expenses increased by ¥28,185,000, a rise of 27.94%, with these expenses accounting for 13.86% of operating income, up from 11.89% in the previous year[38]. - R&D investment surged by 44.71% to ¥40,585,284.08, driven by significant expenditures on the Winter Olympics and the development of new IP products and e-commerce platforms[40]. - The total operating costs for the first half of 2021 were ¥867,379,853.38, an increase of 13.6% from ¥764,008,363.71 in the previous year[125]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,338,734,232.51, down 7.99% from ¥1,455,013,221.93 at the end of the previous year[22]. - The net assets attributable to shareholders decreased by 1.78% to ¥815,423,029.00 from ¥830,199,868.96 at the end of the previous year[22]. - Total liabilities decreased from ¥592,603,610.35 to ¥478,519,198.27, a decline of about 19.3%[118]. - Accounts receivable increased to ¥559,248,404.49, representing 41.77% of total assets, up from 37.17% last year, an increase of 4.60% attributed to increased inventory for Winter Olympics licensed products and digital marketing[46]. - Inventory rose to ¥165,538,003.52, making up 12.37% of total assets, compared to 8.86% last year, an increase of 3.51% due to unrecognized service costs in digital sales and new media marketing[46]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[7]. - The company plans to continue investing in new product development and market expansion strategies to drive future growth[128]. - The company is actively seeking opportunities for major marketing activities in the second half of the year to offset the temporary decrease in marketing investments from certain large clients[36]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its offerings[142]. Governance and Compliance - The company has not engaged in significant equity or non-equity investments during the reporting period, indicating a focus on existing operations[50][51]. - The company does not belong to the key pollutant discharge units as published by the environmental protection department[64]. - No administrative penalties were received during the reporting period due to environmental issues[64]. - The company has no major litigation or arbitration matters during the reporting period[74]. Shareholder Information - The largest shareholder, Yuanlong Yatu (Beijing) Investment Co., Ltd., holds 44.38% of the shares, totaling 98,260,000 shares[102]. - The total number of shares held by the top ten shareholders with unrestricted shares amounts to 118,000,000 shares[103]. - The company had 16,279 common stock shareholders at the end of the reporting period[101]. - The total number of shares before the change was 221,528,252, which decreased to 221,414,107 after the repurchase[95]. Accounting and Reporting - The semi-annual financial report has not been audited[71]. - The company's financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance and reflect the financial position as of June 30, 2021[166]. - The company recognizes its share of assets and liabilities in joint operations, confirming both individually held and jointly held assets and liabilities[177].

Financial Performance - The company's operating revenue for Q1 2021 was ¥444,710,639.81, representing a 33.81% increase compared to ¥332,351,985.32 in the same period last year[9] - Net profit attributable to shareholders was ¥28,318,210.72, marking a 46.24% increase from ¥19,364,270.29 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥19,654,857.76, which is an 11.31% increase from ¥17,657,091.34 in the previous year[9] - The basic earnings per share (EPS) was ¥0.13, up 44.44% from ¥0.09 in the same period last year[9] - Operating costs increased by 38.20% to ¥358.32 million in Q1 2021 from ¥259.28 million in Q1 2020, reflecting the rise in revenue[17] - R&D expenses rose by 45.83% to ¥19.00 million in Q1 2021, up from ¥13.03 million in Q1 2020, due to increased investment in employee compensation and technical services[17] - Other income surged by 232.77% to ¥10.16 million in Q1 2021, compared to ¥3.05 million in Q1 2020, primarily due to increased government subsidies[17] - The company reported a total operating cash inflow of 531,549,117.66 RMB, an increase from 407,661,427.37 RMB in the previous period, representing a growth of about 30.3%[51] - The total comprehensive income for Q1 2021 was CNY 33,548,623.65, compared to CNY 22,343,903.21 in Q1 2020, reflecting a growth of approximately 50.2%[41] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,353,259,867.79, a decrease of 6.99% from ¥1,455,013,221.93 at the end of the previous year[9] - The total liabilities decreased to CNY 453.30 million from CNY 592.60 million, a reduction of 23.5%[32] - Total assets decreased by 30.28% in accounts payable, dropping to ¥142.45 million from ¥204.33 million due to higher payments made at the beginning of the year[17] - The company reported a total of CNY 590,973,563.13 in current liabilities, with short-term borrowings at CNY 110,888,016.46[58] - Total liabilities rose from CNY 406,660,333.81 to CNY 429,024,488.82, an increase of CNY 22,364,155.01[58] Cash Flow - The net cash flow from operating activities was -¥50,658,527.68, an improvement of 29.66% compared to -¥72,020,879.84 in the same period last year[9] - The company reported a net increase in cash and cash equivalents of -109,789,290.31 RMB, compared to -50,972,210.27 RMB in the previous period, indicating a worsening cash position[49] - Cash inflow from investment activities totaled 79,344,122.20 RMB, compared to 132,642,628.04 RMB in the prior period, reflecting a decrease of approximately 40%[48] - Cash flow from financing activities resulted in a net outflow of -88,025,168.56 RMB, contrasting with a net inflow of 25,787,534.92 RMB in the same period last year[49] Shareholder Information - The total number of shareholders at the end of the reporting period was 12,510[13] - The net assets attributable to shareholders increased by 3.89% to ¥862,515,710.27 from ¥830,199,868.96 at the end of the previous year[9] - The total equity attributable to shareholders rose to CNY 862.52 million, compared to CNY 830.20 million, an increase of 3.9%[33] Government Subsidies - The company received government subsidies amounting to ¥9,700,045.12 during the reporting period, which are closely related to its business[10] - Other income for Q1 2021 was CNY 10,163,588.92, compared to CNY 3,054,218.77 in Q1 2020, indicating a significant increase of approximately 232%[39] Miscellaneous - The company has completed the repurchase and cancellation of 114,145 restricted shares due to performance assessment failures among certain incentive plan participants[18] - The company has not undergone an audit for the first quarter report[59] - The company has not applied the new leasing standards for retrospective adjustments[59]