Financial Performance - The company's operating revenue for Q1 2021 was ¥35,749,221.42, representing a 93.33% increase compared to ¥18,491,555.10 in the same period last year[7]. - The net profit attributable to shareholders was a loss of ¥12,962,868.42, an improvement of 14.67% from a loss of ¥15,191,769.54 in the previous year[7]. - The basic earnings per share for the reporting period was -¥0.0101, an improvement of 14.41% from -¥0.0118 in the same period last year[7]. - The weighted average return on net assets was -1.00%, slightly better than -1.18% in the previous year[7]. - The company expects a net profit attributable to shareholders of approximately -4,500,000 RMB for the first half of 2021, representing a decrease of 78.35% compared to the same period last year[28]. - Basic earnings per share are projected to be -0.0349 RMB, a decline of 78.35% year-on-year[28]. - The decrease in profit is primarily due to reduced profits from property sales and a decrease in government subsidies[28]. - The company reported a net loss of CNY 218,612,233.67, compared to a loss of CNY 205,649,365.25 in the previous period[40]. - The total comprehensive income for the current period was -¥12,608,354.24, an improvement from -¥14,304,818.63 in the previous period, indicating a reduction in losses of approximately 11.9%[48]. Cash Flow - The net cash flow from operating activities was a negative ¥24,914,474.97, which is a decline of 58.81% compared to a negative ¥15,688,048.69 in the same period last year[7]. - The company received cash related to operating activities amounting to ¥13.61 million, a significant increase of 682.26% from ¥1.74 million[14]. - Total cash inflow from operating activities was 30,764,487.05 CNY, while cash outflow was 55,678,962.02 CNY, resulting in a significant cash outflow[53]. - The cash flow from operating activities was impacted by a substantial increase in payments for goods and services, totaling 36,157,401.84 CNY, compared to 4,080,907.48 CNY previously[53]. - The ending balance of cash and cash equivalents was 266,404,017.08 CNY, down from 458,716,892.43 CNY in the previous period, indicating a significant decrease in liquidity[54]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,132,991,166.86, down 1.52% from ¥2,165,881,489.35 at the end of the previous year[7]. - The net assets attributable to shareholders decreased by 0.99% to ¥1,205,245,260.93 from ¥1,217,236,694.54 at the end of the previous year[7]. - Total liabilities decreased to CNY 925,860,962.25 from CNY 946,439,898.80, a reduction of about 2.2%[39]. - Current liabilities totaled CNY 388,285,245.22, down from CNY 406,168,175.72, indicating a decrease of approximately 4.4%[39]. - The company's equity attributable to shareholders was CNY 1,205,245,260.93, down from CNY 1,217,236,694.54, reflecting a decline of about 1.0%[40]. Shareholder Information - The company had a total of 62,711 common shareholders at the end of the reporting period[10]. - Chengdu Sports Industry Investment Group Co., Ltd. held 29.90% of the shares, making it the largest shareholder with 385,477,961 shares[10]. Operational Changes - The company established a wholly-owned subsidiary, Lishui Laiyun Sports Venue Management Co., Ltd., to enhance its sports venue management capabilities[22]. - The company has been involved in significant asset restructuring, including the acquisition of 100% equity in Hangzhou Fengjun Real Estate Co., Ltd.[22]. - The company has terminated its cooperative agreements with the Zhejiang Provincial Sports Bureau for the women's ice hockey and curling teams due to the pandemic's impact on the 2020 National Winter Games[21]. - The company is actively pursuing opportunities in ice and snow sports, sports training, and event-related businesses to diversify its product offerings[21]. Expenses - Operating costs rose by 143.82% to ¥32.27 million from ¥13.23 million, corresponding to the revenue recognition from the Lishui PPP project[14]. - Management expenses decreased by 29.72% to ¥7.89 million from ¥11.22 million, due to enhanced expenditure management and reduced business entertainment expenses[14]. - Financial expenses decreased by 38.86% to ¥6.42 million from ¥10.50 million, primarily due to a reduction in loan scale compared to the previous year[14]. - The company reported a decrease in management expenses to ¥7,886,893.07 from ¥11,221,577.99, a reduction of approximately 29.5%[46]. - Financial expenses decreased to ¥6,418,947.65 from ¥10,498,792.27, a decline of about 38.5%[46]. Investment Activities - The company completed the acquisition of 100% equity in Hangzhou Fengjun Real Estate Co., Ltd. for ¥4.41 million, with the equity transfer payment already made[17]. - The net cash flow from investment activities was -10,934,603.73 CNY, a sharp decrease from 145,679,039.45 CNY in the previous period, reflecting reduced investment returns[54]. - Cash inflow from investment activities totaled 185,326,273.28 CNY, primarily from the disposal of subsidiaries and other business units[54].
莱茵体育(000558) - 2021 Q1 - 季度财报