ST鼎龙(002502) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥115,247,903.60, a decrease of 43.05% compared to ¥202,372,324.29 in the same period last year[9] - The net profit attributable to shareholders was a loss of ¥1,589,901.61, representing a decline of 106.83% from a profit of ¥23,275,312.82 in the previous year[9] - The net cash flow from operating activities was negative at ¥113,692,492.31, a decrease of 192.81% compared to ¥122,506,536.42 in the same period last year[9] - Basic and diluted earnings per share were both negative at ¥-0.0019, down 107.01% from ¥0.0271 in the previous year[9] - Revenue declined by 43.05% to ¥115,247,903.60 as the company did not engage in commodity trading during the period[18] - Net profit attributable to shareholders dropped by 106.83% to -¥1,589,901.61, mainly due to reduced profits in the gaming and film sectors[19] - The net profit for the first quarter was a loss of CNY 3,955,314.15, compared to a profit of CNY 22,940,572.82 in the same period last year[47] - The net profit for the current period is a loss of CNY 2,578,261.75, compared to a loss of CNY 1,196,153.49 in the previous period, indicating a worsening financial performance[51] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,341,800,025.00, an increase of 3.29% from ¥2,267,190,128.42 at the end of the previous year[9] - The company's current assets decreased to ¥684,150,278.88 from ¥792,812,182.06, reflecting a decline of about 13.7%[37] - Total liabilities rose to ¥408,873,727.64 from ¥338,620,274.22, indicating an increase of approximately 20.7%[39] - Non-current liabilities increased from ¥247,410,613.53 to ¥268,648,451.86, a rise of about 8.6%[39] - The total assets as of March 31, 2021, were CNY 1,794,739,074.13, a decrease from CNY 1,818,960,325.54 at the end of 2020[42] - The total liabilities as of March 31, 2021, were CNY 739,923,081.29, compared to CNY 761,075,623.44 in the previous period[43] Cash Flow - Cash and cash equivalents decreased by 48.12% to ¥212,529,197.79 due to payments for film production, mining construction, and equipment[18] - Cash and cash equivalents dropped significantly from ¥409,637,257.61 to ¥212,529,197.79, a decrease of approximately 48%[37] - The cash and cash equivalents at the end of the period amount to CNY 193,634,556.89, down from CNY 417,750,269.62 at the end of the previous period[56] - Operating cash inflow for the current period was $85,391,193.24, a decrease of 80.6% compared to $439,842,497.73 in the previous period[58] - Net cash flow from operating activities was $1,857,213.26, down 98.3% from $107,245,016.75 in the prior period[58] Shareholder Information - The total number of common shareholders at the end of the reporting period was 23,848[13] - The top shareholder, Hangzhou Dinglong Enterprise Management Co., Ltd., held 13.79% of the shares, amounting to 118,290,557 shares, which are pledged[13] Inventory and Costs - Inventory increased by 82.50% to ¥94,714,933.22 primarily due to rising production costs of ongoing film projects[18] - Operating costs decreased by 42.92% to ¥96,322,725.56, reflecting the absence of commodity trading activities[18] - Research and development expenses decreased by 39.14% to ¥3,049,866.82, attributed to reduced investment in game research[18] Other Financial Metrics - The weighted average return on net assets was -0.12%, down 1.92% from 1.80% in the previous year[9] - The company reported non-recurring gains and losses totaling ¥958,964.91 for the period[10] - Other payables surged by 322.41% to ¥47,320,547.60, primarily due to the merger with the titanium mining subsidiary[18] - The company reported a significant increase of 597.60% in cash paid for acquiring fixed assets and construction projects, totaling ¥32,432,811.41[19] Changes in Accounting Standards - The company began implementing the revised leasing standards from January 1, 2021, affecting the financial statements[60] - The company adopted the revised Accounting Standard for Leases starting January 1, 2021, impacting financial statement adjustments[66] Comprehensive Income - The total comprehensive income for the current period is CNY 2,616,721.56, compared to CNY 29,027,224.75 in the previous period, showing a decline[51] - Other comprehensive income after tax for the first quarter was CNY 6,572,035.71, compared to CNY 6,086,651.93 in the previous period[47] - Other comprehensive income for the current period is CNY 6,236,497.56, a recovery from a loss of -CNY 5,660,380.12 in the previous period[52] Management and Expenses - The company incurred management expenses of CNY 2,970,927.79, which is an increase from CNY 1,800,497.12 in the previous period[50] - The company reported a significant increase in financial expenses, with interest expenses of CNY 11,694.14 compared to CNY 1,830.08 in the previous period[50]