BURTC(SH:600861)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥188,089,232.61, representing a decrease of 3.01% compared to the same period last year[5] - The net profit attributable to shareholders of the listed company was -¥19,532,080.68, a decline of 189.41% year-on-year[5] - The total profit for the period decreased by 158.92%, attributed to operational adjustments and increased taxes and intermediary fees related to company restructuring[12] - The net profit for Q1 2022 was -18,283,695.79 CNY, compared to -7,622,658.09 CNY in Q1 2021, indicating a significant increase in losses of approximately 140.5%[40] - The total comprehensive income attributable to the parent company for Q1 2022 was -19,532,080.68 CNY, compared to -6,748,858.83 CNY in Q1 2021, highlighting increased losses[40] - The total profit (loss) for Q1 2022 was -18,025,345.49 CNY, worsening from -6,961,733.91 CNY in Q1 2021, indicating a significant decline in overall profitability[40] Cash Flow and Assets - The net cash flow from operating activities was -¥6,541,227.89, down 117.71% from the previous year, primarily due to reduced commercial sales and tourism revenue impacted by the ongoing pandemic[12] - Cash flow from operating activities showed a net outflow of -6,541,227.89 CNY in Q1 2022, a decline from a net inflow of 36,935,734.69 CNY in Q1 2021[41] - Cash flow from financing activities resulted in a net inflow of 45,316,013.96 CNY in Q1 2022, contrasting with a net outflow of -99,497,834.03 CNY in Q1 2021, showing improved financing conditions[43] - The company's cash and cash equivalents increased to $309.71 million as of March 31, 2022, up from $270.57 million at the end of 2021, representing a growth of 14.5%[28] - The company reported cash and cash equivalents of 308,567,985.29 CNY at the end of Q1 2022, a decrease from 318,423,687.94 CNY at the end of Q1 2021[43] Shareholder Information - The total number of common shareholders at the end of the reporting period is 14,446[14] - The largest shareholder, Beijing State-owned Capital Operation Management Co., Ltd., holds 108,452,397 shares, accounting for 34.23% of total shares[14] - The second-largest shareholder, Wu Jianxing, holds 3,940,001 shares, representing 1.24%[14] - The top ten shareholders hold a significant portion of the company's shares, with the top four shareholders collectively owning over 37%[14] Asset Management and Restructuring - The company plans to acquire 86% equity of Beijing Foreign Enterprise Human Resources Service Co., Ltd. through asset replacement and share issuance[18] - The major asset restructuring has been approved by the company's first extraordinary general meeting of 2022, pending regulatory approval[27] - The company has disclosed multiple announcements regarding the progress of the major asset restructuring from November 2021 to April 2022[24] - The company will continue to fulfill information disclosure obligations based on the progress of the major asset restructuring[27] Operational Metrics - The weighted average return on net assets was -0.89%, a decrease of 0.59 percentage points compared to the previous year[5] - The basic and diluted earnings per share were both -¥0.0617, reflecting a decline of 189.67% year-on-year[5] - Operating revenue from sales of goods and services was 178,467,865.13 CNY in Q1 2022, down from 219,818,483.96 CNY in Q1 2021, indicating a decline in sales performance[41] - The company incurred asset disposal losses of -181,696.70 CNY in Q1 2022, compared to -242,203.77 CNY in Q1 2021, reflecting a slight improvement in asset management[40] Costs and Expenses - Total operating costs for Q1 2022 were $206.72 million, an increase of 1.1% from $204.56 million in Q1 2021[37] - Research and development expenses were not explicitly detailed but are included in the total operating costs[37] - The company reported a net loss from investments of $203,790.67, indicating challenges in investment performance[37] Government Support - The company received government subsidies amounting to ¥702,539.45 during the period, which included various support measures[7] Investment and Financing - The financing activities generated a net cash flow of ¥145.54%, primarily due to financial support from the controlling shareholder[12]