Join-Cheer(002279)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥589,102,366.82, representing a 55.38% increase compared to the same period last year[4]. - The net profit attributable to shareholders was a loss of ¥24,894,329.77, an improvement from a loss of ¥41,757,579.93 in the previous year[4]. - The net cash flow from operating activities was a negative ¥191,768,915.77, slightly better than the negative ¥197,232,737.31 recorded in the same period last year[4]. - The company's basic and diluted earnings per share were both -¥0.0350, an improvement from -¥0.0587 in the same period last year[4]. - The net loss attributable to the parent company for the first quarter of 2022 was CNY -248,622,909.19, compared to CNY -229,970,969.61 in the previous period[19]. - The total comprehensive income for Q1 2022 was -30,851,223.52 CNY, compared to -47,971,858.28 CNY in Q1 2021, indicating a year-over-year improvement of about 35.7%[22]. - The net profit for Q1 2022 was -30,756,552.94 CNY, an improvement from -48,165,089.59 CNY in the same period last year, representing a reduction of approximately 36.5%[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,410,861,978.24, down 8.32% from the previous year-end[5]. - The equity attributable to shareholders decreased by 2.18% to ¥896,495,255.96 compared to the end of the previous year[5]. - The total assets as of March 31, 2022, were CNY 2,410,861,978.24, down from CNY 2,629,627,907.73 at the beginning of the year[19]. - The total liabilities decreased to CNY 1,457,602,818.43 from CNY 1,651,087,775.56 at the beginning of the year[19]. - Cash and cash equivalents at the end of the first quarter were CNY 439,179,815.47, down from CNY 691,517,634.83 at the beginning of the year, representing a decrease of approximately 36.4%[16]. - The accounts receivable balance decreased to CNY 403,547,031.48 from CNY 437,156,674.15, reflecting a decline of about 7.7%[16]. - The company reported a decrease in inventory from CNY 95,425,273.70 to CNY 88,011,562.43, a reduction of approximately 7.4%[17]. - The company’s long-term equity investments decreased slightly from CNY 100,866,702.04 to CNY 97,535,117.72[18]. Operating Costs and Revenue - The company's operating costs increased by 70.72% to ¥46,027,870.00, primarily due to increased media resource purchases for digital communication services[10]. - Cash received from sales of goods and services was ¥574,261,300.00, a 33.95% increase year-on-year, attributed to increased project collections[10]. - The total operating costs for the first quarter of 2022 amounted to CNY 624,939,940.62, up from CNY 439,264,422.72 in the previous period[20]. - Revenue from sales of goods and services received in Q1 2022 was 574,261,308.21 CNY, compared to 428,700,582.51 CNY in Q1 2021, marking a growth of approximately 34.1%[24]. - The total operating expenses for Q1 2022 were 772,789,460.67 CNY, compared to 633,246,076.60 CNY in Q1 2021, indicating an increase of about 22.1%[25]. Fair Value and Government Subsidies - The company reported a fair value change gain of ¥1,948,300.00, a significant increase of 1700.87% compared to the previous year[10]. - The company reported a fair value change gain of 1,948,286.20 CNY in Q1 2022, significantly higher than the gain of 108,186.11 CNY in the previous year[21]. - The company received government subsidies amounting to ¥809,489.43, contributing to its non-operating income[7]. Investment Activities - The company completed a share transfer that increased its stake in Beijing Jiuxi Yishi Technology Co., Ltd. from 10% to 51%, making it a subsidiary[14]. - The company’s investment activities generated a net cash outflow of -61,809,768.89 CNY in Q1 2022, compared to -49,095,471.01 CNY in Q1 2021, reflecting a worsening of approximately 25.8%[25]. Audit Information - The company did not conduct an audit for the Q1 2022 report[27].