UTour (SZ:002707)2022-04-15 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥59,486,096.93, a decrease of 30.16% compared to ¥85,170,058.91 in the same period last year[4] - The net profit attributable to shareholders was -¥56,950,292.82, an improvement of 23.70% from -¥74,636,936.02 year-on-year[4] - The diluted earnings per share improved to -¥0.057, a 25.00% increase from -¥0.076 in the same period last year[4] - The company reported a net profit excluding non-recurring gains and losses of -¥58,423,359.94, which is a 24.06% improvement from -¥76,929,919.26 year-on-year[4] - Total operating revenue for the current period is $59.49 million, a decrease of 37.7% from $95.39 million in the previous period[24] - Net profit for the current period is a loss of $61.36 million, compared to a loss of $95.90 million in the previous period, showing an improvement[27] - The total comprehensive income for the current period is a loss of $64.97 million, compared to a loss of $96.86 million in the previous period[27] Cash Flow and Financing - The net cash flow from operating activities improved by 72.47%, reaching -¥11,669,362.16 compared to -¥42,385,251.73 in the previous year[4] - The company’s financing activities resulted in a net cash outflow of -¥69,799,740.74, compared to -¥267,093,983.43 in the previous year[9] - Cash flow from operating activities shows a net outflow of $11.67 million, an improvement from a net outflow of $42.39 million in the previous period[30] - Net cash flow from financing activities showed a decrease of $69,799,740.74, improving from a loss of $267,093,983.43 in the prior period[32] - The net increase in cash and cash equivalents was -$66,451,359.13, compared to -$306,330,440.09 previously[32] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,390,433,232.52, down 5.96% from ¥2,542,002,678.03 at the end of the previous year[4] - The company's current assets totaled RMB 1,177,271,213.19, down from RMB 1,295,513,010.99, indicating a decrease of about 9.12%[17] - Total liabilities decreased to RMB 2,294,652,890.44 from RMB 2,422,749,552.54, showing a decline of approximately 5.29%[20] - The company's total equity as of March 31, 2022, was RMB 95,780,342.08, down from RMB 119,253,125.49, indicating a decrease of about 19.69%[20] Expenses - The company experienced a significant reduction in sales expenses, which fell by 43.77% to ¥42,419,547.29 from ¥75,443,069.73 year-on-year[6] - Total operating costs for the current period are $126.51 million, down 37.3% from $201.84 million in the previous period[24] - Sales expenses for the current period are $42.42 million, down 43.8% from $75.44 million in the previous period[24] - Management expenses decreased to $15.16 million from $32.35 million, a reduction of 53.2%[24] Other Financial Metrics - The company received government subsidies amounting to ¥1,977,582.40 during the reporting period[5] - The company reported a decrease in accounts receivable by 32.14%, with a balance of ¥100,249,309.45 compared to ¥147,720,862.65 at the beginning of the period[6] - The company reported a decrease in cash received from sales of goods and services to $103.89 million from $165.82 million, a decline of 37.4%[30] - The company reported a decrease in employee compensation payable to RMB 53,934,027.91 from RMB 55,716,476.71, a decline of about 3.20%[20] - The company’s retained earnings showed a negative balance of RMB -1,119,683,916.44, worsening from RMB -1,062,733,623.62, reflecting an increase in losses[20]