朗玛信息(300288) - 2021 Q1 - 季度财报

Important Notice This section serves as the declaration for the quarterly report, with the Board of Directors, Supervisory Board, and senior management guaranteeing the report's truthfulness, accuracy, and completeness, and assuming legal responsibility - The company's Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, free from false statements, misleading representations, or major omissions, and assume individual and joint legal liabilities[3] - Company head Wang Wei, chief accounting officer Wang Chun, and head of accounting department Ma Yong declare the truthfulness, accuracy, and completeness of the financial statements in the quarterly report[4] Company Profile This section outlines the company's key accounting data and financial indicators for the reporting period, detailing the total number of shareholders and the top ten shareholders' holdings, including their nature, shareholding percentage, and share status Major Accounting Data and Financial Indicators The company demonstrated strong financial performance in Q1 2021, with operating revenue growing by 16.03%, net profit attributable to shareholders increasing by 173.77%, and net cash flow from operating activities rising by 71.24% Financial Performance Indicators | Indicator | Current Period (RMB) | Prior Period (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 96,922,308.96 | 83,529,822.18 | 16.03% | | Net Profit Attributable to Shareholders of Listed Company | 18,308,621.43 | 6,687,713.16 | 173.77% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains/Losses) | 16,171,399.80 | 5,167,804.35 | 212.93% | | Net Cash Flow from Operating Activities | 15,977,579.96 | 9,330,316.14 | 71.24% | | Basic Earnings Per Share (RMB/share) | 0.0542 | 0.0198 | 173.74% | | Diluted Earnings Per Share (RMB/share) | 0.0542 | 0.0198 | 173.74% | | Weighted Average Return on Net Assets | 1.29% | 0.49% | 0.80% | Balance Sheet Indicators | Indicator | End of Current Period (RMB) | End of Prior Year (RMB) | Change from Prior Year-End (%) | | :--- | :--- | :--- | :--- | | Total Assets | 1,920,764,617.56 | 1,877,352,042.58 | 2.31% | | Net Assets Attributable to Shareholders of Listed Company | 1,435,816,026.78 | 1,411,762,774.61 | 1.70% | Non-Recurring Gains and Losses | Item | Amount from Year-Start to End of Reporting Period (RMB) | Explanation | | :--- | :--- | :--- | | Government Grants Recognized in Current Profit/Loss | 3,144,538.06 | Government grants obtained in prior periods allocated to profit/loss in the current period, and income-related government grants obtained in the current period | | Other Non-Operating Income and Expenses (Excluding Above) | -912,489.84 | | | Less: Income Tax Impact | 378,814.70 | | | Impact of Minority Interests (After Tax) | -283,988.11 | | | Total | 2,137,221.63 | -- | Total Number of Shareholders and Top Ten Shareholders' Holdings at the End of the Reporting Period As of the end of the reporting period, the company had 30,751 common shareholders, with Wang Wei, the controlling shareholder, holding 35.36% of shares, a significant portion of which are restricted, and acting in concert with Guiyang Langma Investment Consulting Enterprise (Limited Partnership) - Total number of common shareholders at the end of the reporting period: 30,751[11] Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held (shares) | Number of Restricted Shares Held (shares) | | :--- | :--- | :--- | :--- | :--- | | Wang Wei | Domestic Natural Person | 35.36% | 119,496,015 | 89,622,011 | | Jin Guowen | Domestic Natural Person | 5.93% | 20,042,611 | 0 | | Liu Ling | Domestic Natural Person | 4.19% | 14,145,602 | 0 | | Huang Guohong | Domestic Natural Person | 2.84% | 9,587,399 | 0 | | Guiyang Langma Investment Consulting Enterprise (Limited Partnership) | Domestic Non-State-Owned Legal Person | 2.45% | 8,285,640 | 0 | - The company's corporate shareholder, Guiyang Langma Investment Consulting Enterprise (Limited Partnership), is controlled by the company's controlling shareholder and actual controller, Wang Wei, and they are parties acting in concert[12] Significant Events This section details the reasons for significant changes in major financial data and indicators, reviews business segment operations and future strategies, discloses progress on private share placement, and confirms no overdue unfulfilled commitments or illegal guarantees Significant Changes in Major Financial Data and Indicators and Their Reasons During the Reporting Period This section explains the reasons for significant changes in various key financial data within the balance sheet, income statement, and cash flow statement for Q1 2021, including contract assets, right-of-use assets, taxes payable, financial expenses, and investment income Balance Sheet Items During the reporting period, contract assets increased by 45.77% due to unbilled settlement revenue; right-of-use assets and lease liabilities were newly recognized for office building leases; taxes payable grew by 68.79% due to subsidiary tax increases - The ending balance of contract assets increased by 45.77% compared to the beginning of the year, primarily due to unbilled settlement revenue from "Phone-to-Phone" and IPTV services[15] - The ending balance of right-of-use assets was RMB 6,891,939.23, mainly due to the recognition of right-of-use assets for office buildings leased by the company and its subsidiaries[15] - The ending balance of taxes payable increased by 68.79% compared to the beginning of the year, primarily due to increased taxes for Guiyang Langma Communication Technology Co., Ltd. and Guangzhou Qisheng Information Technology Co., Ltd[15] Income Statement Items Financial expenses decreased by 39.38% due to reduced loans; other income increased by 69.44% from government grants; investment income decreased by 49.63% due to lower net profit from an associate; credit impairment losses decreased by 93.7% due to reduced bad debt provisions - Financial expenses decreased by 39.38% year-on-year, mainly due to reduced interest expenses resulting from a decrease in loan balances[16] - Other income increased by 69.44% year-on-year, primarily due to income-related government grants received in the current period and those allocated from prior periods[16] - Investment income decreased by 49.63% year-on-year, mainly due to a decrease in net profit from the associate, Guiyang City Medical E-commerce Service Co., Ltd[16] - Credit impairment losses decreased by 93.7% year-on-year, primarily due to a reduction in bad debt provisions for accounts receivable in the current period[16] - Non-operating income decreased by 84.74% year-on-year, mainly because the controlling subsidiary, Guiyang City Sixth Hospital Co., Ltd., had pandemic donation income in the prior period[16] Cash Flow Items Net cash flow from operating activities increased by 71.24% due to higher sales; net cash flow from investing activities decreased by 251.33% due to increased subsidiary project expenditures; net cash flow from financing activities increased by 858.45% from bank loans and minority shareholder investments - Net cash flow from operating activities increased by 71.24% year-on-year, primarily due to increased sales revenue leading to higher collections[18] - Net cash flow from investing activities decreased by 251.33% year-on-year, mainly due to project expenditures by Liuyi Company in the current period[18] - Net cash flow from financing activities increased by 858.45% year-on-year, primarily due to bank loans and minority shareholder investments in Guiyang Langma Vision Technology Co., Ltd. in the current period[18] Business Review and Outlook In Q1 2021, all business segments showed positive development, with significant growth in operating revenue and net profit, as the company continues to deepen its "Internet + Healthcare" strategy and build the "39" internet healthcare brand - In Q1 2021, the company achieved operating revenue of RMB 96.9223 million, a year-on-year increase of 16.03%; net profit attributable to shareholders was RMB 18.3086 million, a year-on-year increase of 173.77%[19] Operating Revenue by Business Segment | Business Segment | Operating Revenue (RMB 10k) | YoY Growth (%) | | :--- | :--- | :--- | | Telecom Value-Added Services and IPTV Home Smart Healthcare Business | 347.22 | - | | Mobile Resale Business (Langma Communication) | 2,414.49 | 44.39% | | Healthcare Information Services (Guangzhou Qisheng) | 3,042.45 | 27.10% | | Guiyang City Sixth Hospital Co., Ltd. | 3,797.35 | 6.71% | | Guiyang City Medical E-commerce Service Co., Ltd. | 67,920.83 | 12.5% | - The company will continue to deepen its "Internet + Healthcare" strategy, accelerate the improvement of the Langma Internet Healthcare ecosystem, focus on building the "39" internet healthcare brand, and form an internet healthcare industry cluster to break down regional barriers and support the implementation of national hierarchical diagnosis and treatment through internet healthcare models[20] Analysis of Progress, Impact, and Solutions for Significant Events The company received approval from the China Securities Regulatory Commission on September 28, 2020, for the private placement of shares, and the Board of Directors will proceed with the issuance in accordance with the approval and legal requirements - On September 28, 2020, the company received the "Approval for the Registration of Private Placement of Shares by Guiyang Langma Information Technology Co., Ltd." (CSRC Permit [2020] No. 2329) issued by the China Securities Regulatory Commission[23] - The company's Board of Directors will handle the relevant matters for this private placement of shares within the prescribed period, in accordance with the approval document, relevant laws and regulations, and the authorization of the company's general meeting of shareholders[23] Overdue Unfulfilled Commitments During the reporting period, there were no overdue unfulfilled commitments by the company's actual controller, shareholders, related parties, acquirers, or the company itself - During the reporting period, the company had no overdue unfulfilled commitments by its actual controller, shareholders, related parties, acquirers, or the company itself[24] Comparison Table of Funds Raised Usage The comparison table of funds raised usage is not applicable for this reporting period - The comparison table of funds raised usage is not applicable[25] Warning of Significant Changes in Cumulative Net Profit The company has no warning regarding a potential loss or significant change in cumulative net profit from the beginning of the year to the end of the next reporting period - During the reporting period, the company has no warning or explanation regarding a potential loss or significant change in cumulative net profit from the beginning of the year to the end of the next reporting period[26] Illegal External Guarantees The company had no illegal external guarantees during the reporting period - The company had no illegal external guarantees during the reporting period[26] Non-Operating Fund Occupation by Controlling Shareholder and Related Parties During the reporting period, there was no non-operating fund occupation by the controlling shareholder or its related parties - During the reporting period, there was no non-operating fund occupation by the controlling shareholder or its related parties of the listed company[27] Registration Form for Investor Relations Activities The company did not host any investor relations activities such as research visits, communications, or interviews during the reporting period - The company did not host any investor relations activities such as research visits, communications, or interviews during the reporting period[28] Financial Statements This section presents the consolidated and parent company financial statements for Guiyang Langma Information Technology Co., Ltd. for Q1 2021, including the balance sheet, income statement, and cash flow statement, along with explanations for adjustments due to the first-time adoption of new lease standards Financial Statements This part includes the company's consolidated and parent company balance sheets, income statements, and cash flow statements for Q1 2021, comprehensively presenting the financial position and operating results at the end of the reporting period Consolidated Balance Sheet As of March 31, 2021, the company's consolidated total assets were RMB 1,920,764,617.56, total liabilities were RMB 445,823,646.70, and total owners' equity was RMB 1,474,940,970.86 | Item | March 31, 2021 (RMB) | December 31, 2020 (RMB) | | :--- | :--- | :--- | | Total Assets | 1,920,764,617.56 | 1,877,352,042.58 | | Total Liabilities | 445,823,646.70 | 426,742,858.47 | | Total Owners' Equity | 1,474,940,970.86 | 1,450,609,184.11 | Parent Company Balance Sheet As of March 31, 2021, the parent company's total assets were RMB 1,600,500,033.46, total liabilities were RMB 234,764,956.45, and total owners' equity was RMB 1,365,735,077.01 | Item | March 31, 2021 (RMB) | December 31, 2020 (RMB) | | :--- | :--- | :--- | | Total Assets | 1,600,500,033.46 | 1,596,482,785.27 | | Total Liabilities | 234,764,956.45 | 230,484,284.80 | | Total Owners' Equity | 1,365,735,077.01 | 1,365,998,500.47 | Consolidated Income Statement In Q1 2021, the company's consolidated total operating revenue was RMB 96,922,308.96, net profit was RMB 16,786,194.59, and net profit attributable to parent company shareholders was RMB 18,308,621.43 | Item | Current Period (RMB) | Prior Period (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 96,922,308.96 | 83,529,822.18 | | Total Operating Costs | 79,656,666.07 | 81,494,318.16 | | Operating Profit | 22,585,040.17 | 7,123,897.99 | | Total Profit | 21,672,550.33 | 7,265,526.99 | | Net Profit | 16,786,194.59 | 4,825,018.19 | | Net Profit Attributable to Parent Company Shareholders | 18,308,621.43 | 6,687,713.16 | | Basic Earnings Per Share | 0.0542 | 0.0198 | Parent Company Income Statement In Q1 2021, the parent company's operating revenue was RMB 9,224,050.49, and net profit was -RMB 263,423.46, showing a narrowed loss compared to the prior period | Item | Current Period (RMB) | Prior Period (RMB) | | :--- | :--- | :--- | | Operating Revenue | 9,224,050.49 | 13,996,507.03 | | Operating Profit | -710,905.74 | -2,932,650.53 | | Total Profit | -705,718.56 | -2,932,650.53 | | Net Profit | -263,423.46 | -1,784,841.21 | Consolidated Cash Flow Statement In Q1 2021, consolidated net cash flow from operating activities was RMB 15,977,579.96, from investing activities was -RMB 780,978.76, from financing activities was RMB 21,464,580.49, and the net increase in cash and cash equivalents was RMB 36,661,181.69 | Item | Current Period (RMB) | Prior Period (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 15,977,579.96 | 9,330,316.14 | | Net Cash Flow from Investing Activities | -780,978.76 | -222,289.77 | | Net Cash Flow from Financing Activities | 21,464,580.49 | -2,830,046.11 | | Net Increase in Cash and Cash Equivalents | 36,661,181.69 | 6,277,980.26 | | Cash and Cash Equivalents at Period End | 431,235,512.64 | 358,911,968.97 | Parent Company Cash Flow Statement In Q1 2021, parent company net cash flow from operating activities was -RMB 1,635,520.10, from investing activities was -RMB 3,242,653.98, from financing activities was RMB 2,792,350.21, and the net increase in cash and cash equivalents was -RMB 2,085,823.87 | Item | Current Period (RMB) | Prior Period (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -1,635,520.10 | -6,446,364.00 | | Net Cash Flow from Investing Activities | -3,242,653.98 | -299,137.00 | | Net Cash Flow from Financing Activities | 2,792,350.21 | -2,287,433.33 | | Net Increase in Cash and Cash Equivalents | -2,085,823.87 | -9,032,934.33 | | Cash and Cash Equivalents at Period End | 131,319,528.73 | 160,316,856.86 | Explanation of Financial Statement Adjustments This section explains the impact of the first-time adoption of new lease standards on the financial statements from 2021, primarily involving adjustments to the consolidated balance sheet, while the parent company balance sheet remained unaffected Adjustments for First-Time Adoption of New Lease Standards Due to the first-time adoption of new lease standards, the company adjusted its consolidated balance sheet as of January 1, 2021, reclassifying rent payable from "Other Payables" to "Lease Liabilities," with no adjustments to the parent company balance sheet - Rent payable of RMB 603,069.72 by Guizhou Laya Technology Co., Ltd. was reclassified from other payables to lease liabilities[58] - No adjustments were made to the parent company balance sheet[60] Explanation of Retrospective Adjustments for New Lease Standards The company adopted new lease standards for the first time in 2021 but did not retrospectively adjust prior comparative data - The explanation of retrospective adjustments for prior comparative data under the new lease standards from 2021 is not applicable[61] Audit Report The company's first-quarter report for 2021 is unaudited - The company's first-quarter report is unaudited[61]