CTCG(SH:600358)2021-04-29 16:00Financial Performance - Operating revenue rose by 75.10% to CNY 173,734,875.48 from CNY 99,223,159.73 in the same period last year[5] - Net profit attributable to shareholders was a loss of CNY 10,446,441.52, compared to a profit of CNY 5,865,273.84 in the previous year, marking a decrease of 278.91%[5] - Basic earnings per share decreased by 279.31% to -0.0208 CNY per share from 0.0116 CNY per share[7] - The weighted average return on equity dropped by 9.97 percentage points to -7.49% from 2.48%[5] - The net loss for Q1 2021 was ¥12,562,074.75, compared to a net profit of ¥6,971,644.14 in Q1 2020, indicating a shift in financial performance[25] - Total comprehensive income for Q1 2021 was a loss of CNY 3,452,121.98, compared to a loss of CNY 8,484,274.89 in Q1 2020[27] Assets and Liabilities - Total assets increased by 3.27% to CNY 529,701,368.05 compared to the end of the previous year[5] - Current liabilities totaled ¥356,338,065.80, slightly increasing from ¥353,283,593.22 in the previous period[19] - The total assets as of March 31, 2021, amounted to ¥718,183,422.07, a decrease from ¥733,903,038.54 at the end of 2020[22] - Current liabilities decreased to ¥217,985,000.54 from ¥251,497,682.37, showing a reduction of approximately 13.3%[22] - The total equity as of March 31, 2021, was ¥498,458,394.39, an increase from ¥482,405,356.17 at the end of 2020[23] Cash Flow - The company reported a net cash flow from operating activities of -2,474,659.12 CNY, compared to -740,701.88 CNY in the same period last year[5] - In Q1 2021, the net cash flow from operating activities was -3,315,787.36, compared to -7,158,406.27 in Q1 2020, showing an improvement of approximately 53%[32] - Cash received from sales and services amounted to ¥191,308,716.73, a 47.41% increase from ¥129,781,764.58[15] - Cash paid for goods and services was ¥167,348,030.28, reflecting a 35.73% increase from ¥123,291,521.38[15] - The company received CNY 20,000,000.00 from other investment-related cash inflows in Q1 2021[29] - Cash inflow from financing activities was 18,800,000.00, with cash outflow totaling 28,184,935.88, leading to a net cash flow of -9,384,935.88 in Q1 2021[33] Expenses - Operating costs increased to ¥169,066,445.70, reflecting an 87.22% rise from ¥90,302,932.55, in line with revenue growth[15] - Sales expenses surged by 395.04% to ¥1,702,910.85, attributed to costs from the newly added subsidiary Guolian Culture[15] - Management expenses rose by 79.13% to ¥12,393,965.77, due to an increase in personnel at the holding subsidiary[15] - Financial expenses increased by 139.41% to ¥3,000,424.30, resulting from higher borrowing and interest costs[15] - The company reported a significant increase in financial expenses, totaling ¥3,000,424.30 in Q1 2021, compared to ¥1,253,263.50 in Q1 2020[24] Shareholder Information - The total number of shareholders reached 27,894 at the end of the reporting period[12] - The largest shareholder, Jiangxi Tourism Group Co., Ltd., holds 19.57% of the shares, with 98,803,000 shares pledged[12] Research and Development - Research and development expenses for Q1 2021 were ¥380,000.00, indicating ongoing investment in innovation[24] Other Information - The company has not disclosed any new product or technology developments in this report[14] - There are no significant changes in accounting policies or financial indicators reported[14]