People.cn (SH:603000)2021-04-29 16:00Financial Performance - Operating revenue for the period was CNY 349,479,515.58, representing an 8.90% increase year-on-year[4] - Net profit attributable to shareholders was a loss of CNY 20,267,875.03, an improvement of 14.57% compared to the previous year's loss[4] - Basic and diluted earnings per share remained at -CNY 0.02, unchanged from the previous year[4] - Total operating revenue for Q1 2021 was RMB 349,479,515.58, an increase of 8.5% compared to RMB 320,916,714.44 in Q1 2020[19] - Net profit for Q1 2021 was a loss of RMB 33,004,749.48, an improvement from a loss of RMB 36,453,474.33 in Q1 2020[20] - Total comprehensive income for Q1 2021 was a loss of RMB 34,221,298.22, compared to a loss of RMB 36,900,169.23 in Q1 2020[20] Assets and Liabilities - Total assets increased by 4.16% to CNY 5,205,403,508.53 compared to the end of the previous year[4] - Total assets amounted to approximately 5.21 billion, an increase from 4.99 billion at the end of the previous year[12] - Total liabilities decreased from 1.23 billion to approximately 1.16 billion, reflecting a reduction in short-term borrowings and other liabilities[13] - Total liabilities increased to ¥1,505,951,509.59 from ¥1,252,157,174.61, representing a growth of approximately 20.2% year-over-year[14] - Total equity decreased to ¥3,699,451,998.94 from ¥3,745,364,003.00, reflecting a decline of about 1.2%[14] - Non-current liabilities increased to ¥260,288,673.03 from ¥7,788,868.82, a significant increase indicating a shift in financial structure[17] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 173,849,440.16, which is a 10.27% improvement from the previous year's outflow[4] - Cash and cash equivalents decreased by 32.68% compared to the beginning of the year, primarily due to the company's investment in financial products during the reporting period[8] - Cash inflow from operating activities in Q1 2021 was CNY 465.26 million, up from CNY 329.92 million in Q1 2020, an increase of 41.0%[24] - Cash outflow from operating activities totaled CNY 639.11 million in Q1 2021, compared to CNY 523.66 million in Q1 2020, reflecting a rise of 22.0%[24] - Net cash flow from operating activities was negative CNY 173.85 million in Q1 2021, an improvement from negative CNY 193.75 million in Q1 2020[24] Government Support and Other Income - The company received government subsidies amounting to CNY 4,488,096.33 during the period[5] - The company reported a non-operating income of CNY 14,609,176.12, primarily from fair value changes of financial assets[5] - Other income increased by 154.14% year-on-year, primarily due to higher government subsidies received compared to the same period last year[8] Expenses and Financial Management - Financial expenses increased significantly, mainly due to the recognition of increased interest expenses under the new leasing standards[8] - Research and development expenses increased to RMB 13,961,710.74 in Q1 2021, up from RMB 8,952,190.12 in Q1 2020, reflecting a 55.8% increase[19] - The company reported a significant increase in other income to RMB 4,488,096.33 in Q1 2021, compared to RMB 1,766,008.69 in Q1 2020[19] Shareholder Information - The number of shareholders at the end of the reporting period was 535,540,064, with the largest shareholder holding 48.43%[6] - The total equity attributable to shareholders decreased to ¥3,355,036,106.41 from ¥3,365,426,831.26, a decrease of approximately 0.3%[14] Accounting Changes - The company implemented the new lease accounting standard starting January 1, 2021, affecting the financial statement disclosures[31] - The increase in non-current liabilities was largely due to the recognition of lease liabilities under the new standards, totaling 265,584,096.40[33] - The financial report reflects a comprehensive adjustment in accounting practices, aligning with updated regulatory requirements[34]