BJCT(SZ:000802)2021-04-29 16:00Financial Performance - The company's operating revenue for Q1 2021 was CNY 15,611,176.70, representing a significant increase of 1,225.63% compared to CNY 1,177,642.84 in the same period last year[8]. - The net profit attributable to shareholders of the listed company was a loss of CNY 26,886,172.10, which is a deterioration of 39.77% from a loss of CNY 19,235,504.69 in the previous year[8]. - The basic and diluted earnings per share were both CNY -0.0376, reflecting a decline of 39.78% compared to CNY -0.0269 in the same period last year[8]. - The net loss for Q1 2021 was CNY 26,890,141.41, compared to a net loss of CNY 19,236,809.36 in Q1 2020, reflecting a deterioration of approximately 40%[48]. - The total comprehensive income for the period was reported as -¥15,717,505.54, compared to -¥16,595,331.93 in the previous period[54]. Cash Flow - The net cash flow from operating activities improved to CNY 707,935,778.05, a remarkable increase of 640.53% compared to a negative cash flow of CNY 130,970,217.82 in the same period last year[8]. - The company reported a cash flow from operating activities of ¥707,935,778.05, a 640.53% increase from -¥130,970,217.82 in the previous year, driven by higher receipts from film project investments and revenue sharing[15]. - Total cash inflow from operating activities reached ¥790,356,130.01, up from ¥398,711,493.72 year-on-year, indicating a growth of approximately 98.2%[54]. - The company incurred cash outflows of ¥82,420,351.96 in operating activities, down from ¥529,681,711.54 in the previous period, reflecting a decrease of about 84.4%[54]. - Investment activities generated a net cash flow of ¥6,500,000.00, compared to a net outflow of ¥461,003,280.00 in the previous period, marking a substantial turnaround[55]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,447,797,725.16, a decrease of 2.01% from CNY 4,539,096,381.47 at the end of the previous year[8]. - The company's total liabilities as of the end of Q1 2021 were CNY 3,031,077,189.18, a decrease from CNY 3,095,233,528.63 at the end of the previous period[49]. - The total liabilities of the company were CNY 2,771,400,876.25, down from CNY 2,835,809,391.15, reflecting a decrease of approximately 2.27%[41]. - The company's total equity as of March 31, 2021, was CNY 1,676,396,848.91, a decrease from CNY 1,703,286,990.32, indicating a decline of about 1.57%[42]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 71,588[11]. - The largest shareholder, Fude Life Insurance Co., Ltd., held 15.60% of the shares, amounting to 111,649,909 shares[11]. - The company reported no significant changes in shareholder agreements or repurchase transactions during the reporting period[12]. Project Developments - The company has signed a cooperation framework agreement for the film project "The Investiture of the Gods Trilogy," with an investment ratio of 70% for the company and 30% for its partners[16]. - As of the report date, the filming of the "Investiture of the Gods Trilogy" has been completed, and the project is currently in post-production[19]. - The company has received ¥5.5 billion from the transfer of investment shares in the "Investiture of the Gods Trilogy," with a total contract amount of ¥6 billion[19]. - The company is actively preparing for new projects, including "Let Me Stay By Your Side," which is currently in the preparatory stage[24]. - The company has several film projects in various stages, including "Hello, Li Huanying," which was released on February 12, 2021, and "The 749 Bureau," currently in post-production[24]. Operational Challenges - The company has indicated that its operational plans do not guarantee profitability for 2021, as outcomes depend on market conditions[26]. - Management expenses increased by 26.23% to ¥27,333,639.69 from ¥21,653,440.62, mainly due to the amortization of intangible assets from the acquisition of Dongfang Shanshui[15]. - The company reported a significant increase in financial expenses, totaling CNY 9,143,330.55 in Q1 2021, compared to CNY 4,974,334.96 in Q1 2020, marking an increase of approximately 84%[47]. Miscellaneous - The company has not yet audited the first quarter report, indicating that the figures are preliminary[59]. - The company has no reported securities or derivative investments during the reporting period[30][31]. - The company has not engaged in any entrusted financial management during the reporting period[32]. - There are no reported violations regarding external guarantees during the reporting period[34]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[35].