兰生股份(600826) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 90.25% to CNY 63,860,350.54 compared to the same period last year[12] - Net profit attributable to shareholders was a loss of CNY 46,444,559.63, compared to a loss of CNY 71,046,757.74 in the previous year[7] - The net loss for Q1 2021 was CNY 51,048,244.71, compared to a net loss of CNY 70,087,087.84 in Q1 2020, indicating an improvement in financial performance[29] - Total revenue for Q1 2021 was CNY 63,860,350.54, a decrease of 90.2% compared to CNY 654,767,558.41 in Q1 2020[28] - Total operating costs for Q1 2021 were CNY 122,407,629.42, down from CNY 677,752,650.14 in Q1 2020, reflecting a significant reduction in expenses[29] - Total comprehensive income for Q1 2021 was -¥134,364,246.25, compared to -¥240,545,321.33 in Q1 2020[30] Cash Flow - The net cash flow from operating activities was a negative CNY 871,632.84, showing a significant improvement from a negative CNY 67,822,805.52 in the same period last year[7] - Cash flow from operating activities for Q1 2021 was -¥871,632.84, compared to -¥67,822,805.52 in Q1 2020[37] - The company reported a total cash outflow from operating activities of 30,840,136.96 RMB in Q1 2021, compared to 66,976,201.43 RMB in Q1 2020, reflecting a decrease of approximately 54%[39] - Investment activities generated a net cash outflow of -¥16,351,651.68 in Q1 2021, compared to a net inflow of ¥8,107,503.41 in Q1 2020[37] - The net cash flow from investment activities was -53,258,871.80 RMB in Q1 2021, contrasting with a positive cash flow of 29,928,717.01 RMB in Q1 2020, indicating a shift of 278%[40] Assets and Liabilities - Total assets increased by 9.67% to CNY 5,002,040,401.40 compared to the end of the previous year[7] - The company reported a significant increase in inventory by 279.40% to CNY 2,308.28 million due to increased contract performance costs in exhibition planning projects[13] - Current liabilities totaled 705.22 million RMB, slightly down from 714.93 million RMB at the end of 2020[22] - The company’s total non-current assets increased to 2,415.94 million RMB from 1,895.63 million RMB at the end of 2020[22] - Total liabilities as of March 31, 2021, were CNY 231,980,977.77, down from CNY 276,459,008.84 at the end of 2020[27] - The company's total liabilities rose from 788,679,416.57 RMB to 1,418,885,837.56 RMB, marking an increase of about 79.9%[44] Shareholder Information - The total number of shareholders was 19,237 at the end of the reporting period[10] - Total equity attributable to shareholders reached CNY 3,707,861,893.95 as of Q1 2021[45] - The total owner's equity was CNY 3,702,558,268.58, showing a solid capital structure[49] Accounting and Standards - The financial expenses increased significantly due to the implementation of new accounting policies related to lease standards[12] - The implementation of new accounting standards did not have a significant impact on the company's retained earnings and other comprehensive income for 2021[17] - The company adopted new leasing standards starting January 1, 2021, impacting the recognition of right-of-use assets and lease liabilities[45] Company Changes - The company completed a major asset restructuring in October 2020, shifting its main business from import-export trade to exhibition services[14] - The company changed its name to "DLG Exhibitions & Events Corporation Limited" on April 8, 2021, reflecting its new business focus[15]