ZTGM(SH:603559)2021-04-28 16:00Financial Performance - Operating revenue for the period was CNY 59,399,973.50, down 4.89% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 18,234,551.07, compared to a loss of CNY 13,818,764.20 in the same period last year[6] - Basic earnings per share were CNY -0.13, compared to CNY -0.10 in the same period last year[6] - The weighted average return on net assets was -2.10%, compared to -1.58% in the same period last year[6] - Net loss for Q1 2021 was CNY 19,175,352.46, compared to a net loss of CNY 14,244,540.30 in Q1 2020, representing an increase in loss of 34.3%[27] - The total comprehensive loss for Q1 2021 was CNY -19,175,352.46, compared to CNY -13,948,281.13 in Q1 2020, marking an increase in comprehensive loss of 37.5%[28] - Operating profit for Q1 2021 was -¥19,658,112.80, compared to -¥13,027,286.58 in Q1 2020, indicating a decline in profitability[31] - Net profit for Q1 2021 was -¥18,879,024.92, worsening from -¥13,277,562.86 in Q1 2020, reflecting increased losses[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,845,287,710, a decrease of 0.59% compared to the end of the previous year[6] - Total liabilities for Q1 2021 amounted to CNY 952,780,141.59, up from CNY 946,400,640.87 in the previous quarter[23] - The company's total equity decreased to CNY 749,853,966.42 from CNY 768,653,717.00 in the previous quarter, reflecting a decline of 2.4%[23] - The company's total assets as of Q1 2021 were CNY 1,702,634,108.01, a decrease from CNY 1,715,054,357.87 in the previous quarter[23] Cash Flow - The net cash flow from operating activities was a negative CNY 46,636,968.14, compared to a negative CNY 70,710,026.61 in the same period last year[6] - Cash received from operating activities dropped by 36.58% from CNY 20,488,910.46 to CNY 12,994,658.38, influenced by an increase in restricted funds[14] - Cash inflow from sales of goods and services was ¥204,950,497.08 in Q1 2021, up from ¥173,242,057.28 in Q1 2020, representing a growth of 18.38%[32] - Cash flow from operating activities for Q1 2021 was -¥46,636,968.14, an improvement from -¥70,710,026.61 in Q1 2020[33] - Cash outflow for debt repayment was $73,828,186.83, compared to $55,000,000.00 in the previous period[37] - The net increase in cash and cash equivalents was -$33,391,631.14, compared to -$101,284,080.28 in the previous period[37] - The ending balance of cash and cash equivalents was $46,530,169.32, up from $27,903,962.77 year-over-year[37] Shareholder Information - The total number of shareholders at the end of the reporting period was 31,146[10] - The largest shareholder, Wang Shichao, held 7,788,300 shares, representing 5.43% of the total shares[10] Expenses and Investments - Financial expenses increased by 52.08% from CNY 2,646,828.21 to CNY 4,025,255.50 due to higher loan interest[14] - Research and development expenses for Q1 2021 were CNY 1,516,449.44, down from CNY 3,061,553.17 in Q1 2020, indicating a reduction of 50.5%[27] - Cash paid for the acquisition of fixed assets surged by 764.39% from CNY 385,000.00 to CNY 3,327,910.00, indicating significant investment in fixed assets[14] - Cash paid for dividends and interest decreased by 93.30% from CNY 61,258,407.56 to CNY 4,101,564.40, primarily due to increased bank loan interest payments[14] Other Financial Information - The company received government subsidies amounting to CNY 28,625.76, closely related to its normal business operations[6] - Other income decreased by 97.06% from CNY 974,178.54 to CNY 28,625.76, due to a reduction in one-off income[14] - The company reported a credit impairment loss of CNY -2,332,623.57 in Q1 2021, contrasting with a gain of CNY 34,367.14 in Q1 2020[27] - The company did not apply the new leasing standards for the current year[37] - There were no adjustments made to prior period comparative data due to the new leasing standards[37] - The company has not issued an audit report for the current period[37]