DDMC(SH:600136)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥387,057,800.13, representing a year-on-year increase of 34.22%[3] - The net profit attributable to shareholders was -¥150,045,391.15, with a basic and diluted earnings per share of -¥0.26[3] - The net cash flow from operating activities was -¥10,751,659.62, a decrease of 101.71% compared to the previous year[3] - The company reported a significant increase in operating costs by 49.94%, primarily due to the normal conduct of sports events[5] - Total operating revenue for Q1 2022 reached ¥387,057,800.13, an increase of 34.3% compared to ¥288,383,681.27 in Q1 2021[18] - Total operating costs for Q1 2022 were ¥576,747,090.72, up 25.8% from ¥458,635,672.02 in Q1 2021[18] - Net loss for Q1 2022 was ¥184,486,891.92, compared to a net loss of ¥157,177,429.57 in Q1 2021, reflecting a decline of 17.4%[19] - Total comprehensive income attributable to the parent company was -160,054,527.61 RMB, compared to -204,937,603.44 RMB in Q1 2021[20] - Basic and diluted earnings per share remained at -0.26 RMB, unchanged from the previous year[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,959,547,850.22, down 1.51% from the end of the previous year[3] - The company's total assets as of Q1 2022 amounted to ¥6,959,547,850.22, slightly down from ¥7,066,053,150.63 in the previous year[16] - Total liabilities increased to ¥6,552,668,625.15 in Q1 2022, compared to ¥6,466,742,192.88 in Q1 2021, marking a rise of 1.3%[15] - Shareholders' equity attributable to the parent company decreased by 24.47% to ¥494,095,699.38[3] - The company's equity attributable to shareholders decreased to ¥494,095,699.38 in Q1 2022 from ¥654,150,226.99 in Q1 2021, a decline of 24.4%[16] Cash Flow and Financing - The company's cash and cash equivalents as of March 31, 2022, amount to ¥53,192,060.98, a decrease from ¥57,718,993.69 as of December 31, 2021[13] - Cash inflow from financing activities was 7,316,357.27 RMB, a recovery from -733,660,918.43 RMB in Q1 2021[24] - Cash outflow for operating activities totaled 216,856,716.40 RMB, compared to 291,094,192.77 RMB in the previous year[23] - The company received 152,943.42 RMB in tax refunds, a decrease from 2,934,710.19 RMB in Q1 2021[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 25,378[7] - The largest shareholder, Wuhan Contemporary Technology Industry Group, holds 78,705,094 shares, accounting for 13.46% of the total share capital[8] - The company has a total of 160,108,073 shares (27.39% of total share capital) controlled by certain shareholders through voting rights delegation[8] Other Income and Expenses - Other income increased by 40.55%, reflecting growth in additional revenue streams[5] - The company recorded a substantial increase of 854.01% in non-operating income, mainly from the disposal of fixed assets[5] - The company reported a 94.79% decrease in tax refunds received, indicating a reduction in tax-related benefits[5] - Financial expenses for Q1 2022 totaled ¥97,374,938.10, slightly up from ¥93,336,032.46 in Q1 2021[18] - The company reported a decrease in unallocated profits, with a loss of ¥2,376,191,704.03 in Q1 2022 compared to a loss of ¥2,226,146,312.88 in Q1 2021[16] - Other comprehensive income after tax for Q1 2022 was a loss of ¥10,009,136.46, compared to a loss of ¥63,172,901.84 in Q1 2021[19] Legal and Compliance Issues - The company has not made timely payments on its 2020 corporate bonds, which have been overdue since April 22, 2020[9] - The company is currently involved in several pending lawsuits, which may impact its financial position[10] - The company has not provided specific guidance for future performance in the current report[12] Accounts Receivable and Inventory - Accounts receivable stand at ¥571,310,853.18, slightly down from ¥574,970,688.04 in the previous period[13] - Inventory is reported at ¥852,984,571.66, compared to ¥860,306,837.69 at the end of 2021[13] - The total current assets amount to ¥2,566,634,437.13, down from ¥2,677,319,709.74 in the previous reporting period[13]