UCAP(SH:688228)2021-04-27 16:00Financial Performance - Operating revenue for the period was CNY 31,137,148.50, representing a year-on-year increase of 7.65%[7] - Net profit attributable to shareholders of the listed company was a loss of CNY 1,537,550.25, a decrease of 252.97% compared to the same period last year[7] - Basic and diluted earnings per share were both -CNY 0.02, a decrease of 200% compared to the same period last year[7] - The company reported a gross profit margin of approximately -11.5% for Q1 2021, compared to a positive margin in Q1 2020[27] - The total comprehensive income for the period was -1,473,275.54 RMB, compared to -515,864.92 RMB in the same quarter last year, indicating a worsening financial position[34] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,277,525,702.90, a decrease of 2.64% compared to the end of the previous year[7] - Current assets totaled CNY 1,034,168,942.71 as of March 31, 2021, down from CNY 1,064,696,936.04 at the end of 2020, a decrease of about 2.9%[20] - Total liabilities decreased from CNY 135,472,006.55 to CNY 102,422,590.32, a decline of about 24.4%[21] - Shareholders' equity slightly decreased from CNY 1,176,640,662.83 to CNY 1,175,103,112.58, a change of approximately 0.13%[21] - Non-current assets totaled CNY 243,356,760.19 as of March 31, 2021, down from CNY 247,415,733.34, a decrease of about 1.6%[20] Cash Flow - The company reported a net cash flow from operating activities of -CNY 54,099,185.94, worsening from -CNY 34,592,218.76 in the previous year[7] - Cash flow from investing activities decreased by 164.28% to -¥12,022,287.06, primarily due to the purchase of financial products[16] - The company’s cash flow from operating activities was negatively impacted by increased operational costs, leading to a net cash outflow[35] - The company reported cash and cash equivalents at the end of Q1 2021 amounting to 433,180,385.69 RMB, down from 1,029,680,468.86 RMB at the end of Q1 2020, a decrease of about 58%[36] Expenses and Investments - R&D investment accounted for 41.18% of operating revenue, an increase of 3.39 percentage points from the previous year[7] - Operating costs surged by 73.44% to ¥12,951,141.39, primarily due to increased external procurement and labor costs[15] - Sales expenses increased by 50.15% to ¥8,211,152.90, reflecting higher market investment to enhance coverage[15] - Management expenses grew by 61.69% to ¥7,892,252.47, driven by rising labor costs and other expenditures[15] - Investment income soared by 877.04% to ¥3,679,965.22, mainly due to increased financial management returns[15] Shareholder Information - The total number of shareholders at the end of the reporting period was 6,283[11] - The largest shareholder, Wang Min, held 27.64% of the shares, totaling 18,552,800 shares[11] Tax and Other Income - The company reported a significant reduction in tax and additional fees by 91.61% to ¥30,158.41, due to changes in various tax regulations[15] - Other income increased by 49.16% to ¥309,223.91, mainly from increased VAT deductions[16]