DS CULTURE(SH:600892)2020-04-28 16:00Financial Performance - Net profit attributable to shareholders of the listed company reached CNY 26.58 million, a significant increase of 373.06% year-on-year[6]. - Operating income for the first quarter was CNY 59.94 million, representing a year-on-year growth of 44.33%[6]. - Basic earnings per share were CNY 0.05, compared to a loss of CNY 0.02 per share in the same period last year, marking a 350% increase[7]. - Total operating revenue for Q1 2020 was CNY 59,940,820.41, an increase of 44.4% compared to CNY 41,529,663.85 in Q1 2019[25]. - Net profit for Q1 2020 was CNY 24,592,301.45, compared to a net loss of CNY 8,888,922.06 in Q1 2019, marking a significant turnaround[26]. - The company reported an operating profit of CNY 27,592,623.35, recovering from an operating loss of CNY 6,351,428.11 in the previous year[26]. Cash Flow and Liquidity - The net cash flow from operating activities improved to CNY -11.10 million, a 70.70% increase compared to the same period last year[6]. - In Q1 2020, the company reported a net cash flow from operating activities of -11,104,934.02 RMB, an improvement from -37,905,634.69 RMB in Q1 2019[33]. - Total cash inflow from operating activities was 54,875,333.42 RMB, compared to 49,493,205.71 RMB in the same period last year, reflecting a year-over-year increase of approximately 4.8%[32]. - The company experienced a significant decrease in cash outflow for purchasing goods and services, which was 20,418,373.35 RMB in Q1 2020, down from 45,896,332.00 RMB in Q1 2019[33]. - Cash and cash equivalents at the end of Q1 2020 stood at 126,758,645.45 RMB, compared to 91,635,258.02 RMB at the end of Q1 2019, indicating a year-over-year increase of approximately 38.3%[34]. - The company reported a net cash outflow from investing activities of -1,847,283.54 RMB, an improvement from -30,850,823.62 RMB in Q1 2019[33]. - Cash inflow from financing activities was 65,000,000.00 RMB in Q1 2020, while cash outflow was 2,470,270.83 RMB, resulting in a net cash flow of -2,470,270.83 RMB, compared to -26,248,916.67 RMB in Q1 2019[36]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 651.53 million, a decrease of 0.27% compared to the end of the previous year[6]. - The company's total liabilities were CNY 355,401,416.85, down from CNY 381,743,598.14, showing a decrease of approximately 6.9%[19]. - The non-current liabilities decreased to CNY 100,074,327.00 from CNY 120,080,073.53, a reduction of about 16.7%[19]. - The equity attributable to the owners of the parent company increased to CNY 278,893,152.61 from CNY 252,315,458.18, reflecting an increase of approximately 10.6%[19]. - The company's current assets totaled CNY 321,381,470.63, compared to CNY 321,532,398.70 at the end of 2019, indicating a marginal decline[17]. - The total current liabilities amounted to CNY 255,327,089.85, a decrease from CNY 261,663,524.61, indicating a decline of approximately 2.4%[18]. Expenses - The company reported an increase in sales expenses to CNY 4.27 million, up 345.05% year-on-year, primarily due to increased advertising efforts[13]. - Management expenses decreased to CNY 8.02 million, down 39.5% year-on-year, attributed to the amortization of identifiable assets from the acquisition of a subsidiary[13]. - Research and development expenses for Q1 2020 were CNY 14,938,873.03, slightly down from CNY 16,334,983.26 in Q1 2019[25]. Other Income and Losses - Other income increased to CNY 0.50 million, a rise of 787.6% year-on-year, mainly from unemployment insurance refunds[13]. - The company experienced a significant increase in other income, rising to CNY 499,294.23 from CNY 56,216.72 year-over-year[25]. - Investment losses amounted to CNY 10,499,383.89, indicating challenges in this area compared to previous periods[25]. Shareholder Information - The number of shareholders at the end of the reporting period was 12,761[9]. - Shareholders' equity totaled CNY 523,493,144.87, down from CNY 527,022,238.59, reflecting a decrease of about 0.8%[22].