BTH(SH:600640)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥861,713,537.86, representing a decrease of 10.56% compared to the same period last year[7]. - The net profit attributable to shareholders of the listed company was -¥10,268,855.82, indicating a non-applicable change[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥2,478,938.10, showing an increase of 71.61% year-on-year[7]. - The net cash flow from operating activities was -¥15,187,856.96, with a non-applicable change[7]. - Total operating revenue for Q1 2022 was RMB 861,713,537.86, a decrease of 10.55% compared to RMB 963,416,311.21 in Q1 2021[30]. - Net profit for the first quarter was reported at -¥9,709,836.68, an improvement from -¥14,995,074.19 in the previous year, indicating a reduction in losses[36]. - The total profit (loss) before tax was -¥3,272,381.54, an improvement from -¥14,165,801.97 in the previous year[34]. - The basic earnings per share were reported at -0.0129, compared to -0.0193 in the previous year, reflecting a decrease in losses per share[36]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,749,373,561.48, a decrease of 4.00% from the end of the previous year[10]. - Total assets decreased to RMB 5,749,373,561.48 from RMB 5,989,177,644.92, reflecting a decline of 4.01%[30]. - Total liabilities were RMB 1,121,873,632.97, down from RMB 1,351,967,879.74, indicating a decrease of 17.00%[30]. - Shareholders' equity totaled RMB 4,627,499,928.51, slightly down from RMB 4,637,209,765.18, a decrease of 0.12%[30]. Cash Flow - The company reported a net cash outflow from operating activities of -¥15,187,856.96, an improvement compared to -¥35,507,375.83 in the same period last year[39]. - The total cash inflow from investment activities was $20.01 million, slightly lower than $20.22 million in the previous period, suggesting stable but cautious investment inflows[40]. - The company reported a net increase in cash and cash equivalents of -$226.95 million, compared to -$196.24 million in the previous period, highlighting ongoing cash flow challenges[40]. - The ending balance of cash and cash equivalents was $1.17 billion, a decrease from $1.11 billion in the previous period, showing a decline in liquidity[40]. Research and Development - The company focused on digital product development, leading to a slight increase in overall R&D investment compared to the previous year[15]. - Research and development expenses increased significantly to ¥36,627,998.67 from ¥17,746,299.66, representing a growth of about 106.56%[34]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 34,405[19]. - The largest shareholder, China Telecom Group Co., Ltd., held 51.16% of the shares[19]. Operational Efficiency - Total operating costs decreased to ¥862,575,308.03 from ¥950,972,138.81, a reduction of approximately 9.25%[34]. - The company reported a significant decrease in sales expenses to ¥5,690,904.14 from ¥16,029,645.46, a reduction of about 64.5%[34]. - The company strengthened credit risk management, resulting in improved cash flow from business settlements in gaming, reading, and business travel[18]. Accounting and Reporting - The company is adapting to new accounting standards starting from 2022, which may impact future financial reporting and analysis[42].