DDMC(SH:600136)2021-04-29 16:00Financial Performance - Operating revenue increased by 6.27% to CNY 288,383,681.27 compared to the same period last year[6] - Net profit attributable to shareholders was CNY -151,397,184.64, showing a significant loss compared to CNY -79,642,711.35 in the previous year[6] - Basic and diluted earnings per share were both CNY -0.26, indicating a loss compared to CNY -0.14 in the previous year[6] - The weighted average return on equity decreased by 5.56 percentage points to -7.43%[6] - The net loss for Q1 2021 was CNY 155,212,202.43, compared to a net loss of CNY 72,980,007.03 in Q1 2020[26] - The net profit (loss) for Q1 2021 was -157,177,429.57 RMB, compared to -81,776,499.64 RMB in Q1 2020, reflecting a worsening financial performance[29] - The comprehensive income total for Q1 2021 was -220,350,331.41 RMB, compared to -243,652,786.58 RMB in Q1 2020, showing a slight improvement in overall losses[29] - The basic earnings per share for Q1 2021 was -0.26 RMB, compared to -0.14 RMB in Q1 2020, indicating a decline in earnings per share[29] Assets and Liabilities - Total assets decreased by 5.55% to CNY 8,494,463,473.13 compared to the end of the previous year[6] - Net assets attributable to shareholders decreased by 10.03% to CNY 1,900,632,214.94 compared to the end of the previous year[6] - Total liabilities as of March 31, 2021, were CNY 6,227,407,359.56, compared to CNY 6,048,069,247.15 at the end of 2020[24] - The company's total equity as of March 31, 2021, was CNY 2,449,772,863.70, down from CNY 2,542,529,741.12 at the end of 2020[25] - Cash and cash equivalents decreased significantly to CNY 8,333,259.08 from CNY 338,020,040.61 at the end of 2020[23] Cash Flow - The net cash flow from operating activities was CNY 628,492,282.43, a slight increase of 0.41% compared to the previous year[6] - The net cash flow from operating activities for Q1 2021 was ¥253,243,953.25, a decrease from ¥520,266,263.00 in Q1 2020, reflecting a decline of approximately 51.4%[37] - Total cash inflow from financing activities was ¥243,503,854.17, compared to ¥348,800,000.00 in the same period last year, indicating a decrease of about 30.2%[38] - The company experienced a net decrease in cash and cash equivalents of ¥329,686,781.53 for Q1 2021, compared to a decrease of ¥21,183,716.97 in Q1 2020[38] Operating Costs and Expenses - Operating costs increased by 37.42% to ¥284,165,570 compared to the same period last year, primarily due to copyright amortization by subsidiaries[11] - The company's financial expenses for Q1 2021 were CNY 93,336,032.46, compared to CNY 81,310,041.09 in Q1 2020[26] - The total operating expenses for Q1 2021 included management expenses of 21,494,330.78 RMB and financial expenses of 32,809,052.43 RMB, reflecting ongoing operational costs[31] - The company incurred interest expenses of 56,122,924.78 RMB in Q1 2021, compared to 52,490,672.03 RMB in Q1 2020, indicating rising financing costs[31] Shareholder Information - The total number of shareholders at the end of the reporting period was 23,472[9] - The top ten shareholders held a total of 13.73% and 13.66% of shares respectively, with significant pledges noted[9] Other Financial Metrics - Non-recurring gains and losses totaled CNY 2,416,950.91 for the reporting period[7] - Tax and additional charges decreased by 60.60% to ¥339,316, attributed to revenue mainly from overseas subsidiaries, which do not incur such taxes[11] - Credit impairment losses rose by 32.13% to ¥22,680,084, mainly due to recovery of previously impaired receivables[11] - Income tax expenses dropped by 77.31% to ¥1,997,406, primarily due to a decrease in total profit for the year[11] - Other receivables fell by 51.31% to ¥23,372,217, attributed to a decrease in transactions with external parties[12] - Intangible assets decreased by 45.59% to ¥211,608,307, mainly due to the amortization of sports copyrights[12] - Short-term borrowings increased by 11.67% to ¥395,115,874, reflecting a rise in financial institution borrowings[19] - The company plans to raise up to ¥1,054.07 million through a non-public offering of shares, targeting a specific investor[13]