大唐电信(600198) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 103,131,783.13, representing a decline of 40.40% year-on-year[12] - Net loss attributable to shareholders was CNY -63,603,990.73, compared to a loss of CNY -103,715,132.54 in the same period last year[12] - Basic and diluted earnings per share were both CNY -0.0721, compared to CNY -0.1176 in the previous year[14] - The company anticipates a potential cumulative net loss for the year due to ongoing structural adjustments and losses from certain joint ventures[31] - The company reported a net loss of -¥6,767,663,773.00, worsening from -¥6,704,059,782.27[39] - Net loss for Q1 2021 was ¥97,223,897.67, compared to a net loss of ¥114,690,278.06 in Q1 2020, showing an improvement of 15.3%[52] - The total comprehensive loss for Q1 2021 was -¥97,223,897.67, compared to -¥114,690,278.06 in Q1 2020, indicating a reduction in losses[52] Cash Flow - Net cash flow from operating activities was CNY -98,243,139.55, worsening from CNY -40,542,760.03 in the same period last year[12] - Net cash flow from operating activities decreased by ¥57,700,379.52, resulting in a net outflow of ¥98,243,139.55[30] - Net cash flow from investing activities decreased by ¥142,912,215.66, leading to a net outflow of ¥8,821,602.10[30] - Net cash flow from financing activities increased by ¥307,965,479.19, resulting in a net inflow of ¥51,310,636.11[30] - The company reported a cash outflow from investing activities of CNY 415,307.56, compared to CNY 2,449,424.56 in the previous year[68] - The company received cash inflows from operating activities totaling CNY 115,599,046.13 in Q1 2021, down from CNY 320,467,464.68 in Q1 2020, a decline of about 64%[63] - The cash outflow from operating activities was CNY 213,842,185.68 in Q1 2021, compared to CNY 361,010,224.71 in Q1 2020, showing a reduction in cash outflows[63] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,107,874,359.36, a decrease of 1.04% compared to the end of the previous year[12] - Non-current assets totaled ¥1,807,135,600.51, a decrease from ¥1,844,386,060.90[38] - Total liabilities reached ¥3,724,368,107.49, compared to ¥3,659,689,195.65 previously[39] - Current liabilities increased to ¥3,124,274,618.47 from ¥2,977,152,262.87, reflecting a significant rise[39] - Total liabilities included short-term borrowings of CNY 667,972,328.68, unchanged from the previous year[70] - The total equity attributable to shareholders was reported at -¥1,311,873,014.03, indicating a negative equity position[76] - Total liabilities amount to approximately $4.21 billion[81] - Total equity stands at approximately $1.93 billion[81] Shareholder Information - The total number of shareholders at the end of the reporting period was 113,217[20] - The largest shareholder, Telecom Science and Technology Research Institute, held 151,252,178 shares, accounting for 17.15% of total shares[20] - The second largest shareholder, Datang Telecom Technology Industry Holdings Co., Ltd., held 148,118,845 shares, representing 16.79%[20] Operational Adjustments - Operating revenue decreased by 40.40% to ¥103,131,783.13 from ¥173,036,013.51, primarily due to the company's exit from low-margin businesses[25] - Operating costs fell by 40.06% to ¥63,395,947.39 from ¥105,772,338.31, reflecting the same business adjustments[25] - R&D expenses decreased by 44.89% to ¥23,761,357.95 from ¥43,119,384.60, attributed to normal project progress and industry adjustments[26] - The company executed new leasing standards, resulting in an increase in right-of-use assets by ¥14,518,126.54[24] Other Financial Metrics - Non-operating income included government subsidies amounting to CNY 3,198,681.79[15] - The company reported a total of CNY 2,096,552.88 in non-recurring gains and losses after tax[17] - Accounts receivable increased by 73.47% to ¥27,174,350.25 from ¥15,664,986.55[21] - Contract assets rose by 130.20% to ¥2,681,851.73 from ¥1,165,019.17, mainly due to an increase in business settlements not reaching unconditional collection rights[24] - The company incurred financial expenses of CNY 9,446,677.34 in Q1 2021, up from CNY 5,854,529.09 in Q1 2020, marking an increase of approximately 61%[56] - The company reported an investment loss of ¥45,975,623.74 in Q1 2021, worsening from a loss of ¥11,956,540.60 in Q1 2020[50]