NUG(SH:600051)2021-04-26 16:00Financial Performance - Operating revenue fell by 63.24% to CNY 509,971,529.46 year-on-year[6] - Net profit attributable to shareholders decreased by 90.30% to CNY 27,508,235.81 compared to the same period last year[6] - Basic earnings per share dropped by 90.11% to CNY 0.09[6] - Revenue decreased primarily due to a reduction in sales from the wholly-owned subsidiary Ningbo Liangzhu Cultural Industry Park Development Co., Ltd.[17] - Operating costs decreased by 44.61% to CNY 444,970,700.94, reflecting the decline in sales revenue from the same subsidiary[17] - The forecast for cumulative net profit attributable to shareholders for the year is expected to decrease by 70% to 90% compared to the same period last year[23] - Financial expenses decreased by 78.20% to CNY 1,692,199.20, primarily due to reduced borrowings[18] - Tax expenses decreased by 67.05% to CNY 6,985,848.99, corresponding to the decline in taxable income from reduced sales[17] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 239,682,427.16, a decrease of 343.61% year-on-year[6] - The net cash flow from operating activities significantly declined by CNY 338,070,588.23, resulting in a negative cash flow of CNY -239,682,427.16[21] - The company reported a cash flow from operating activities of CNY -239,682,427.16 in Q1 2021, a decrease from CNY 98,388,161.07 in Q1 2020[45] - The company experienced a net cash flow from financing activities of -23,975,659.05 RMB, compared to -171,694,115.34 RMB in the previous year[46] - The cash flow from sales of goods and services was 5,237,086.17 RMB, a decrease from 25,519,648.96 RMB in the same quarter last year[48] Assets and Liabilities - Total assets decreased by 2.02% to CNY 6,904,981,176.49 compared to the end of the previous year[6] - Accounts receivable decreased by 42.07% to CNY 102,792,153.53 compared to the end of the previous year[16] - Prepayments increased by 98.95% to CNY 311,936,843.45 compared to the end of the previous year[16] - Long-term borrowings increased by 91.42% to CNY 19,011,567.38 compared to the end of the previous year[16] - The total liabilities decreased to CNY 3,636,908,977.83 from CNY 3,792,675,732.49, indicating a reduction in financial obligations[29] - Total liabilities amounted to approximately ¥3.79 billion, with current liabilities totaling ¥3.63 billion[53] - The company’s total liabilities and equity combined were approximately ¥2.45 billion, reflecting a stable financial position[58] Shareholder Information - The total number of shareholders reached 35,505[11] Other Income and Expenses - Other income increased significantly by 631.44% to CNY 312,837.96, driven by compensation received from clients and donations[18] - The company incurred credit impairment losses of CNY 633,764.17 in Q1 2021, compared to CNY 682,035.85 in Q1 2020[39] - The company recorded a significant increase in management expenses to CNY 5,987,799.03 in Q1 2021 from CNY 4,265,391.95 in Q1 2020[41]