Guirenniao(SH:603555)2021-04-29 16:00Financial Performance - Operating revenue increased by 22.35% to CNY 211,177,810.66 compared to the same period last year[5] - Net profit attributable to shareholders was CNY -59,157,138.64, showing an improvement from CNY -200,915,899.51 in the previous year[5] - Basic earnings per share improved to CNY -0.09 from CNY -0.32 year-on-year[6] - The company reported a significant decrease in financial expenses by 99.63%, down to ¥158,851.81 from ¥42,660,357.25, due to the cessation of interest on overdue debts[14] - The company experienced a 40.51% increase in income tax expenses, amounting to ¥2,111,452.30 compared to ¥1,502,728.90 from the previous year, due to increased profitability of consolidated subsidiaries[14] - The total comprehensive loss for Q1 2021 was CNY -96,001,510.65, compared to CNY -205,735,071.92 in Q1 2020, showing a reduction in overall losses[41] Cash Flow - The company reported a net cash flow from operating activities of CNY -11,767,602.50, an improvement from CNY -39,079,448.84 in the previous year[5] - Cash received from operating activities totaled CNY 297,989,309.05, compared to CNY 247,974,073.81 in the previous year, reflecting improved cash flow[44] - The net cash flow from operating activities was -¥4,045,145.75, an improvement compared to -¥40,032,752.40 in the same period last year, indicating a significant reduction in losses[47] - The total cash outflow for operating activities was ¥102,052,565.74, which is lower than the previous year's outflow of ¥118,578,707.21, showing improved cash management[47] Assets and Liabilities - Total assets decreased by 2.21% to CNY 3,494,361,068.64 compared to the end of the previous year[5] - The company's total liabilities were approximately CNY 3.53 billion as of March 31, 2021, slightly down from CNY 3.55 billion at the end of 2020[29] - The company's total equity decreased to ¥251,638,222.69 from ¥347,639,733.34, reflecting ongoing financial challenges[34] - The company's current assets totaled approximately CNY 1.59 billion as of March 31, 2021, compared to CNY 1.66 billion at the end of 2020[28] Shareholder Information - The total number of shareholders at the end of the reporting period was 11,130[11] - The largest shareholder, Guiren Bird Group (Hong Kong) Limited, holds 66.2% of the shares, totaling 416,115,000 shares[11] Research and Development - Research and development expenses rose by 41.71% to ¥7,548,468.06 from ¥5,326,605.34, indicating a focus on innovation[14] - Research and development expenses increased to CNY 7,548,468.06, up from CNY 4,926,880.81 in the previous year, indicating a focus on innovation[40] Government Support - The company received government subsidies amounting to CNY 2,608,350.85 related to its normal business operations[9] Restructuring Process - The company initiated a pre-restructuring process on September 4, 2020, following a court decision[22] - The court accepted the company's restructuring on December 8, 2020, and appointed a management team on December 11, 2020[22] - The first creditors' meeting was held on January 14, 2021, where the restructuring plan was approved[23] - The second creditors' meeting on April 23, 2021, also approved the restructuring plan and the equity adjustment scheme[24] - The court approved the restructuring plan on April 26, 2021, allowing the company to terminate the restructuring process[24] - The company aims to maximize operational value and protect creditor interests during the restructuring process[23] Sales Performance - Online sales accounted for ¥87,093,091.80, representing 43.10% of total sales, while offline sales were ¥114,970,373.42, making up 56.90%[21] - The company's total revenue for the first quarter was ¥202,063,465.22, a 24.25% increase from ¥168,163,468.10 in the same period last year[21] - Total operating revenue for Q1 2021 was ¥211,177,810.66, an increase of 22.3% compared to ¥172,608,126.29 in Q1 2020[36]