Original(603991)2021-04-26 16:00Financial Performance - Operating revenue for the period was CNY 31,008,366.17, a decrease of 54.87% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 4,464,651.88, compared to a loss of CNY 12,659,955.24 in the same period last year[6] - Basic and diluted earnings per share were both -CNY 0.06, compared to -CNY 0.17 in the previous year[6] - Total operating revenue for Q1 2021 was CNY 31,008,366.17, a decrease of 54.9% compared to CNY 68,712,399.24 in Q1 2020[28] - Gross profit for Q1 2021 was CNY -5,332,392.80, indicating a loss compared to a gross profit in Q1 2020[28] - Net loss for Q1 2021 was CNY 5,309,000.00, compared to a net profit in the same period last year[28] - The total comprehensive income for Q1 2021 was a loss of CNY 4,464,651.88, compared to a loss of CNY 12,659,955.24 in Q1 2020, showing a significant improvement[30] - The company's operating profit for Q1 2021 was a loss of CNY 992,617.26, compared to a loss of CNY 12,664,580.02 in Q1 2020, indicating a reduction in operational losses[31] Cash Flow and Liquidity - Net cash flow from operating activities increased by 369.64% to CNY 25,222,537.92 compared to the same period last year[6] - Cash and cash equivalents increased by 149.08% to ¥23,680,320.70, primarily due to cash collections from accounts receivable[15] - The net cash flow from operating activities for Q1 2021 was CNY 25,222,537.92, a substantial increase from CNY 5,370,665.02 in Q1 2020, reflecting a positive cash flow trend[33] - The total cash inflow from operating activities was ¥29,008,879.14, compared to ¥102,648,402.41 in the previous year, showing a decrease[40] - The total cash outflow for operating activities was ¥2,925,670.91, compared to ¥97,277,737.39 in the previous year, indicating a decrease[40] Assets and Liabilities - Total assets decreased by 5.14% to CNY 542,346,077.73 compared to the end of the previous year[6] - Total assets as of March 31, 2021, were CNY 513,700,235.83, down from CNY 540,251,677.82 at the end of 2020[25] - Total liabilities as of March 31, 2021, were CNY 130,874,819.81, a decrease from CNY 156,433,644.54 at the end of 2020[25] - Shareholders' equity as of March 31, 2021, was CNY 382,825,416.02, slightly down from CNY 383,818,033.28 at the end of 2020[25] Shareholder Information - The total number of shareholders at the end of the reporting period was 3,559[13] - The largest shareholder, Shenzhen Zhengxin Tongchuang Investment Development Co., Ltd., held 27.00% of the shares[13] Cost Management - Operating costs fell by 56.89% to ¥28,070,874.49, reflecting the same strategy of concentrating on high-margin clients[16] - Sales expenses dropped by 80.40% to ¥875,604.67, mainly due to changes in revenue recognition standards[16] - Management expenses decreased by 42.35% to ¥3,347,577.25, reflecting enhanced cost control measures during the reporting period[16] - The total operating expenses for Q1 2021 were CNY 23,036,688.09, down from CNY 97,277,737.39 in Q1 2020, reflecting cost control measures[33] Other Financial Metrics - The weighted average return on net assets improved by 1.86 percentage points to -1.21%[6] - The company recognized non-recurring gains of CNY 737,579.78 during the reporting period[10] - The company reported other income of CNY 14,324.31 in Q1 2021, compared to CNY 402,775.00 in Q1 2020, indicating a decline in other income sources[30] - The impact of exchange rate changes on cash and cash equivalents was a decrease of ¥12,063.13[41] Research and Development - The company incurred research and development expenses of CNY 2,594,909.48 in Q1 2020, which were not reported in Q1 2021, suggesting a potential shift in R&D strategy[30] Financing Activities - The total cash inflow from financing activities was ¥100,000,000.00, with cash outflows amounting to ¥52,373,034.92, resulting in a net cash flow of -¥11,049,308.32[40] - The company received ¥70,000,000.00 from borrowings during the financing activities, which contributed to the cash inflow[40] - The company paid ¥40,000,000.00 in debt repayments during the financing activities[40]