SG(SH:600734)2021-04-29 16:00Financial Performance - Operating revenue for the period was CNY 212,035,400.11, an increase of 67.77% year-on-year[18]. - Net profit attributable to shareholders of the listed company was CNY -72,920,739.23, a decrease of 15.89% compared to the same period last year[18]. - Basic earnings per share were CNY -0.1172, a decrease of 15.92% compared to the same period last year[21]. - Total operating revenue for Q1 2021 was ¥212,035,400.11, a 67.7% increase from ¥126,381,655.10 in Q1 2020[49]. - Net loss for Q1 2021 was ¥72,920,756.55, compared to a net loss of ¥63,111,250.11 in Q1 2020, indicating a worsening of 15.5%[49]. - The company reported a total comprehensive loss of ¥72,138,628.33 for Q1 2021, compared to a loss of ¥81,079,679.99 in Q1 2020, an improvement of 10.4%[52]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,178,928,047.09, a decrease of 0.90% compared to the end of the previous year[18]. - Non-current assets decreased from ¥958,857,417.67 to ¥921,848,675.45, a decline of approximately 3.86%[38]. - Current liabilities increased from ¥3,195,784,692.29 to ¥3,251,488,206.60, an increase of approximately 1.75%[38]. - Total liabilities increased from ¥3,270,290,474.93 to ¥3,322,682,309.08, an increase of approximately 1.60%[40]. - The company's total equity attributable to shareholders decreased from ¥-1,071,613,582.33 to ¥-1,143,752,193.34, a decline of approximately 6.7%[40]. - Total liabilities amounted to approximately 3.27 billion, with a slight increase of 0.3% compared to the previous period[70]. Cash Flow - Net cash flow from operating activities was CNY -31,708,422.44, an improvement of 67.01% compared to the previous year[18]. - Cash flow from operating activities in Q1 2021 was -¥31,708,422.44, an improvement from -¥96,115,518.71 in Q1 2020[60]. - Cash inflow from operating activities totaled ¥4,958,700.24 in Q1 2021, compared to ¥1,439,330.66 in Q1 2020, indicating a year-over-year increase of approximately 245%[63]. - The net cash flow from financing activities in Q1 2021 was -¥475,378.33, a decline from a net inflow of ¥2,805,768.03 in Q1 2020[65]. Shareholder Information - The total number of shareholders at the end of the reporting period was 35,546[22]. - The largest shareholder, Beijing Angzhan Technology Development Co., Ltd., held 36.71% of the shares[22]. Research and Development - Research and development expenses decreased by 37.29% to ¥13,019,011.20 from ¥20,760,388.73, indicating reduced investment in R&D[27]. - Research and development expenses decreased to ¥13,019,011.20 in Q1 2021 from ¥20,760,388.73 in Q1 2020, a reduction of 37.2%[49]. Financial Challenges and Restructuring - The company is undergoing a pre-restructuring process initiated by creditors, which may help optimize its capital structure and mitigate bankruptcy risks[30]. - The company is actively communicating with relevant parties to expedite the restructuring process and mitigate risks associated with potential bankruptcy[30]. Other Financial Metrics - The company reported a non-operating income of CNY 8,819,385.31 for the period[21]. - Financial expenses surged by 383.80% to ¥59,108,336.76 from ¥12,217,640.46, primarily due to increased borrowing costs[27]. - The company reported a significant increase in credit impairment losses, totaling ¥393,577.87 in Q1 2021, compared to a gain of -¥31.46 in Q1 2020[56].