GZCBN(SH:600996)2021-04-28 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY -188,622,126.06, representing a significant loss compared to CNY -97,107,855.38 in the same period last year[6] - Operating revenue for the period was CNY 484,072,347.33, down 11.59% from CNY 547,548,183.17 year-on-year[6] - Basic earnings per share were CNY -0.18, compared to CNY -0.09 in the same period last year[6] - Total operating revenue for Q1 2021 was approximately $484.07 million, a decrease of 11.6% compared to $547.55 million in Q1 2020[27] - Net loss for Q1 2021 was approximately $188.19 million, compared to a net loss of $97.71 million in Q1 2020, indicating an increase in losses of 92.6%[28] - Total comprehensive loss for Q1 2021 was approximately $188.19 million, compared to a loss of $97.71 million in Q1 2020, marking an increase of 92.6%[28] Cash Flow - Net cash flow from operating activities was CNY -75,008,723.94, a decrease of 236.90% compared to CNY 54,789,503.78 in the previous year[6] - The net cash outflow from operating activities was CNY -75,008,723.94, contrasting with a net inflow of CNY 54,789,503.78 in the same period last year[38] - The company experienced a net cash inflow from financing activities of CNY 388,675,305.46, compared to a net outflow of CNY -79,752,405.71 in Q1 2020[39] - Cash outflows for purchasing goods and services increased to CNY 161,567,198.24, up from CNY 92,619,675.97 in Q1 2020, representing a 74.5% increase[38] - The total cash inflow from operating activities was CNY 533,636,344.34, down from CNY 571,665,181.29 in the previous year, reflecting a decline of 6.64%[40] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 16,330,837,738.71, an increase of 1.12% compared to the end of the previous year[6] - The company reported a decrease in net assets attributable to shareholders of 4.15% from the previous year, totaling CNY 4,366,805,747.94[6] - The company's total liabilities increased to ¥9,173,802,371.76 as of March 31, 2021, compared to ¥8,618,233,807.99 at the end of 2020[18] - Total liabilities reached CNY 11,902,003,870.02, compared to CNY 11,487,130,900.81 at the end of 2020, indicating an increase of about 3.62%[24] - The company’s short-term borrowings increased to ¥2,070,000,000.00 from ¥1,779,218,900.00, reflecting a higher reliance on debt financing[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 41,905[8] - The largest shareholder, Guizhou Broadcasting and Television Investment Co., Ltd., held 443,274,686 shares, accounting for 42.15% of the total shares[8] Research and Development - Research and development expenses decreased significantly by 76.56% to ¥6,419,343.48 from ¥27,391,782.11 in the same quarter last year, due to a strategic adjustment to reduce overall investment[10] - Research and development expenses decreased significantly to approximately $6.42 million in Q1 2021 from $27.39 million in Q1 2020, a reduction of 76.5%[27] Other Financial Metrics - The weighted average return on net assets decreased by 2.15 percentage points to -4.23%[6] - The company reported a credit impairment loss of approximately $16.56 million in Q1 2021, worsening from a loss of $5.05 million in Q1 2020[27] - The company reported a significant increase in cash outflows for other operating activities, totaling CNY 128,967,605.42, compared to CNY 112,726,848.30 in Q1 2020, which is a 14.4% increase[38]