TVZone(SH:603721)2021-04-23 16:00Financial Performance - Operating revenue for the current period reached CNY 51,212,225.95, representing a year-on-year increase of 52.56%[6] - Net profit attributable to shareholders was CNY 3,975,213.46, a significant increase of 153.82% compared to a loss of CNY 7,385,824.65 in the same period last year[6] - Basic earnings per share were CNY 0.03, a 150.96% increase from CNY -0.06 in the same period last year[6] - The weighted average return on net assets increased to 0.76%, up 2.13 percentage points from -1.37% in the previous year[6] - Total operating revenue for Q1 2021 was CNY 51,212,225.95, representing a 52.56% increase compared to CNY 33,569,647.08 in Q1 2020[12] - Net profit for Q1 2021 reached CNY 3,975,213.46, a significant recovery from a net loss of CNY 7,385,824.65 in Q1 2020[23] - Basic and diluted earnings per share for Q1 2021 were CNY 0.03, compared to a loss of CNY 0.06 per share in Q1 2020[24] Cash Flow - The net cash flow from operating activities improved to CNY -5,537,265.59, an increase of 78.05% compared to CNY -25,230,401.51 in the previous year[6] - Cash inflow from operating activities was CNY 81,173,211.33, up from CNY 48,783,970.55 in Q1 2020, representing a growth of approximately 66.5%[30] - Cash outflow from operating activities totaled CNY 86,710,476.92, compared to CNY 74,014,372.06 in the same period last year, indicating an increase of about 17.3%[30] - The net cash flow from operating activities was negative CNY 5,537,265.59, an improvement from negative CNY 25,230,401.51 in Q1 2020[30] - Cash flow from investing activities was negative CNY 793,883.00, compared to negative CNY 14,362,703.00 in the previous year, showing a significant reduction in cash outflow[31] - Cash flow from financing activities was negative CNY 164,937.50, reflecting a decrease in cash outflow compared to the previous year[34] Assets and Liabilities - Total assets at the end of the reporting period were CNY 599,857,031.97, a decrease of 1.79% compared to the end of the previous year[6] - Total liabilities decreased from CNY 91,007,048.84 to CNY 76,247,062.01, a decrease of around 16.2%[19] - Current liabilities decreased from CNY 90,442,546.63 to CNY 63,792,714.93, a reduction of about 29.5%[19] - Non-current assets increased from CNY 189,485,269.72 to CNY 199,680,562.91, an increase of approximately 5.6%[20] - Cash and cash equivalents decreased from CNY 77,875,311.98 to CNY 73,131,933.72, a decline of approximately 6.4%[20] - Accounts receivable decreased from CNY 116,309,338.10 to CNY 101,354,539.26, a reduction of about 12.9%[20] - Other current assets increased from CNY 110,242,232.83 to CNY 118,690,648.22, an increase of approximately 7.5%[20] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,207[10] - The largest shareholder, Changsha Broadcasting and Television Group, held 50.38% of the shares, totaling 65,494,785 shares[10] Research and Development - Research and development expenses decreased by CNY 1,331,837.46, down 39.28% from CNY 3,390,220.70[13] - The company has not disclosed any new product developments or market expansion strategies in this report[6] Other Financial Metrics - Non-recurring gains and losses amounted to CNY 1,530,815.35 for the current period[8] - Financial expenses showed a reduction of CNY 151,985.21, a decrease of 161.11% compared to the previous year[13] - The company reported an increase in other income by CNY 950,271.80, up 163.69% from CNY 580,515.65[13] - The company reported a credit impairment loss of CNY 1,077,004.95 in Q1 2021, a recovery from a loss of CNY 489,650.25 in Q1 2020[23] - The company experienced a net cash decrease of CNY 6,331,148.59 during the quarter, an improvement from a decrease of CNY 39,758,042.01 in the same period last year[31]