COL(SZ:300364)2020-04-28 16:00Financial Performance - Total revenue for Q1 2020 was ¥167,360,836.33, an increase of 8.01% compared to ¥154,954,005.69 in the same period last year[3]. - Net profit attributable to shareholders was ¥4,039,835.14, a significant turnaround from a loss of ¥80,698,920.47, representing a 105.01% increase[3]. - Basic earnings per share were ¥0.0056, compared to -¥0.1045 in the same period last year, marking a 105.36% increase[3]. - The net profit attributable to shareholders was CNY 4.04 million, marking a turnaround from a loss, influenced by increased revenue from the "Literature+" business, reduced losses in the gaming sector, and gains from equity investments[14]. - The net profit for the quarter was CNY 4,860,945.49, a significant improvement from a net loss of CNY 79,321,644.11 in the same period last year[33]. - The net profit for the first quarter of 2020 was CNY 28,200,693.45, a significant recovery from a net loss of CNY 36,361,159.01 in the same period last year, representing a turnaround of over 177%[36]. - Total comprehensive income for the first quarter was CNY 28,200,693.45, compared to a loss of CNY 15,336,951.32 in the same quarter last year, indicating a positive shift in overall financial health[37]. Cash Flow - The net cash flow from operating activities was -¥12,118,895.99, improving by 58.19% from -¥28,983,566.38 in the previous year[3]. - The company reported a net cash outflow from operating activities of CNY -12,118,895.99, an improvement from CNY -28,983,566.38 in the previous year, showing a reduction in cash burn[39]. - Cash flow from operating activities was CNY 180,698,961.40, an increase from CNY 154,033,308.66 year-over-year, reflecting a growth of approximately 17%[38]. - The company’s cash flow from financing activities showed a net outflow of CNY -21.68 million, a significant decrease of 1607.00% compared to the previous year[13]. - Cash flow from financing activities resulted in a net outflow of CNY -21,679,322.27, compared to a net outflow of CNY -1,270,027.04 in the same period last year, highlighting increased financial strain[40]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,768,299,127.93, a decrease of 1.90% from ¥1,802,583,811.25 at the end of the previous year[3]. - The total current assets decreased to ¥900,376,224.60 from ¥918,027,081.74, showing a decline of about 2.3%[24]. - Total liabilities decreased from CNY 384,460,128.52 to CNY 343,886,931.03, a reduction of about 10.5%[26]. - The company's total liabilities increased to CNY 1,132,705,810.50 from CNY 1,051,694,822.69, reflecting a growth of approximately 7.7%[32]. - The total amount of raised funds is 1,952.69 million yuan, with 449.56 million yuan (23.02%) having been repurposed[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,707[6]. - The largest shareholder, Tong Zhilei, held 13.71% of the shares, with a total of 99,712,416 shares[6]. Investment and Projects - The project based on IP for building a pan-entertainment digital content ecosystem has a total investment of 946.35 million yuan, with 938.47 million yuan (99.17%) already invested[18]. - The online education platform and resource construction project has a total investment of 946.35 million yuan, with 250.21 million yuan (50.37%) invested to date[18]. - The company has not achieved the planned progress for its IP-based digital content ecosystem project, which is still under investment and has not reached the expected operational status[19]. - The online education platform project is behind schedule due to the unique characteristics of the education industry and changes in market conditions and policies, necessitating more cautious investment[19]. Other Financial Metrics - The company had a weighted average return on equity of 0.28%, recovering from -3.77% in the previous year[3]. - Other receivables increased by 118.80% to CNY 45.92 million due to equity disposals during the period[11]. - Investment income surged by 1547.01% to CNY 34.21 million due to gains from equity disposals[11]. - Research and development expenses increased to CNY 18,885,172.00, up from CNY 17,324,249.96, indicating a growth of about 9%[32].