CBC(SZ:200017)2021-04-29 16:00Financial Performance - The company's operating revenue for Q1 2021 was CNY 23,163,329.56, representing a 211.57% increase compared to CNY 7,434,449.73 in the same period last year[8]. - The net profit attributable to shareholders was a loss of CNY 211,535.36, an improvement of 64.26% from a loss of CNY 591,902.33 in the previous year[8]. - The net cash flow from operating activities increased by 204.25%, reaching CNY 1,399,162.83, compared to CNY 459,865.86 in the same period last year[8]. - The company's operating revenue for the first quarter was CNY 4,550,349.53, an increase from CNY 2,946,875.03 in the previous period[43]. - The net profit for the first quarter was a loss of CNY 211,484.40, compared to a loss of CNY 733,036.17 in the same period last year[42]. - The total comprehensive income for the first quarter was a loss of CNY 211,484.40, compared to a loss of CNY 733,036.17 in the previous year[42]. - The basic and diluted earnings per share for the first quarter were both CNY -0.0004, compared to CNY -0.0011 in the previous period[42]. - The company reported a net loss of CNY 1,206,791,899.16 for Q1 2021, compared to a loss of CNY 1,206,590,547.58 in the previous quarter[37]. Assets and Liabilities - The company's total assets decreased by 6.04% to CNY 86,197,389.31 from CNY 91,742,769.99 at the end of the previous year[8]. - As of March 31, 2021, the company's total assets amounted to 86.20 million yuan, a decrease from 91.74 million yuan at the end of 2020[31]. - The total liabilities decreased to CNY 58,404,841.44 from CNY 57,116,373.36, indicating a reduction of approximately 2.25%[37]. - The company's equity attributable to shareholders was CNY 5,063,572.70, down from CNY 5,264,924.28, reflecting a decline of about 3.81%[37]. Cash Flow - The company's cash and cash equivalents increased to 21.28 million yuan from 19.89 million yuan at the end of 2020[31]. - Cash inflow from operating activities totaled CNY 12,177,064.78, compared to CNY 7,466,357.72 in the previous period, indicating a growth of 63.5%[52]. - Cash outflow from operating activities was CNY 9,261,190.69, significantly higher than CNY 3,801,957.06 in the previous period, representing an increase of 143.5%[52]. - The total cash inflow from financing activities was CNY 3,250,000.00, with no cash outflows reported during the period[53]. Operational Metrics - The weighted average return on net assets improved to -1.96% from -8.67% year-on-year, reflecting a 6.71% increase[8]. - Accounts receivable decreased by 14.03% to CNY 47,310,280.32, primarily due to increased cash collections from customers[15]. - Prepayments increased by 142.79% to CNY 1,982,489.68, mainly due to higher prepayments by subsidiaries[15]. - The company's research and development expenses rose by 130.89% to CNY 856,296.32, driven by increased R&D activities in subsidiaries[15]. - The operating costs increased by 190.73% to CNY 20,752,454.71, primarily due to the growth in jewelry and gold business costs[15]. - Total operating costs for Q1 2021 amounted to CNY 23,368,934.41, up from CNY 8,330,675.93 in Q1 2020, indicating an increase of about 181%[40]. - The gross profit margin decreased, with operating costs rising faster than revenue, leading to a net loss for the period[40]. Future Plans and Developments - The company plans to raise up to 29.36 million yuan through a private placement of A-shares, which will be used to supplement working capital[16]. - The company aims to enhance its market presence and product offerings through strategic investments and potential acquisitions in the upcoming quarters[34]. - The company is currently awaiting approval from the China Securities Regulatory Commission for its private placement application, with no certainty on the approval timeline[16]. - The company has not disclosed any specific future outlook or performance guidance for the upcoming quarters[54]. - There were no significant mergers or acquisitions reported during the first quarter[54]. Miscellaneous - The company received the "High-tech Enterprise Certificate" on December 11, 2020, allowing it to enjoy a reduced corporate income tax rate of 15% for three years (2020-2022) instead of the standard 25%[17]. - The company has not engaged in any securities or derivative investments during the reporting period[20][21]. - There are no overdue commitments from the company's actual controllers, shareholders, or related parties during the reporting period[25]. - The first quarter report was not audited, indicating that the figures may be subject to change upon final review[54]. - The company did not report any significant new product launches or technological advancements during the first quarter[54].