Hollywave(SH:688682)2021-04-29 16:00Financial Performance - Operating revenue increased by 33.42% to CNY 44,870,196.25 year-on-year[6] - Net profit attributable to shareholders rose by 26.03% to CNY 4,342,797.47 compared to the same period last year[6] - Basic earnings per share increased by 26.01% to CNY 0.1565[6] - The company reported a significant increase in other income, which rose by 625.17% to CNY 1,163,485.63 in Q1 2021, compared to CNY 160,443.55 in Q1 2020[14] - The company reported a net profit of CNY 1,910,537.48 for Q1 2021, compared to CNY 1,894,847.03 in Q1 2020, showing a modest increase[23] - The total comprehensive income for Q1 2021 was ¥4,342,797.47, an increase of 26% from ¥3,445,822.10 in Q1 2020[26] Asset and Liability Changes - Total assets decreased by 12.25% to CNY 298,306,835.06 compared to the end of the previous year[6] - The company's total assets as of March 31, 2021, were CNY 232,084,387.63, down from CNY 253,740,664.62 at the end of 2020, a decrease of 8.6%[22] - The company’s total liabilities decreased to CNY 90,075,145.53 as of March 31, 2021, down from CNY 139,658,172.46 at the end of 2020, indicating improved financial stability[17] - Total liabilities decreased to CNY 83,672,872.86 in Q1 2021 from CNY 106,839,024.16 in Q1 2020, a reduction of 21.6%[22] - The total liabilities amounted to 145,559,995.16 RMB, down from 150,244,920.78 RMB at the end of 2020, indicating a reduction of about 3.5%[38] Cash Flow and Investments - The net cash flow from operating activities was negative at CNY -32,611,037.55, compared to CNY -21,518,716.20 in the previous year[6] - The company's cash flow from operating activities was negatively impacted by increased payments to suppliers and employees, totaling 41,591,419.35 RMB in cash outflows[33] - The total cash outflow from investing activities in Q1 2021 was ¥68,330,169.86, compared to ¥51,875,110.46 in Q1 2020[31] - The company experienced a net cash outflow from investing activities of -21,929,038.30 RMB in Q1 2021, compared to a positive cash flow of 2,815,516.00 RMB in the same period last year[34] - The company's cash and cash equivalents dropped by 39.79% to CNY 103,439,162.98 as of March 31, 2021, from CNY 171,794,431.01 at the end of 2020, mainly due to increased cash outflow[14] Research and Development - Research and development expenses accounted for 9.24% of operating revenue, up from 9.17%[8] - Research and development expenses rose by 34.40% to CNY 4,144,117.29 in Q1 2021, compared to CNY 3,083,402.69 in Q1 2020, reflecting increased investment in technology[14] - The company incurred research and development expenses of ¥2,668,526.35 in Q1 2021, compared to ¥2,087,500.07 in Q1 2020, indicating a 28% increase[27] Shareholder Information - The total number of shareholders at the end of the reporting period was 13[12] - The largest shareholder, Zhou Jianhua, holds 36.76% of the shares[12] - The company’s total equity attributable to shareholders was ¥194,377,523.42[39] Government Support - The company received government subsidies amounting to CNY 399,204.98 during the reporting period[9]