COL(SZ:300364)2021-04-27 16:00Financial Performance - The company's revenue for Q1 2021 was ¥218,714,881.16, representing a 30.68% increase compared to ¥167,360,836.33 in the same period last year[3]. - The net profit attributable to shareholders was -¥26,630,981.95, a significant decline of 759.21% from ¥4,039,835.14 in the previous year[3]. - The basic earnings per share (EPS) was -¥0.0366, down 753.57% from ¥0.0056 in the previous year[3]. - The net profit attributable to shareholders for Q1 2021 was CNY -26.63 million, mainly due to increased marketing and R&D expenses, as well as a decline in investment income compared to the previous year[13]. - The net profit for the first quarter of 2021 was a loss of CNY 20,532,081.05, compared to a net profit of CNY 4,860,945.49 in the same quarter of the previous year[33]. - The total comprehensive income for Q1 2021 was -CNY 11,872,093.59, a significant decline from CNY 28,200,693.45 in the prior year[38]. Cash Flow and Operating Activities - The net cash flow from operating activities was -¥13,642,685.54, which is a 12.57% decrease compared to -¥12,118,895.99 in the same period last year[3]. - Operating cash inflow for Q1 2021 was CNY 239.91 million, a 32.77% increase from CNY 180.70 million in the previous year, driven by increased cash receipts from literary business revenue[12]. - The cash flow from operating activities for Q1 2021 was -CNY 13,642,685.54, compared to -CNY 12,118,895.99 in the same period last year[40]. - The company reported a total cash outflow from operating activities of 95,874,337.81 RMB, significantly higher than 42,315,977.61 RMB in the previous period[42]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,986,633,003.72, a slight increase of 0.33% from ¥1,980,089,115.36 at the end of the previous year[3]. - The company's total assets amounted to CNY 2,757,807,326.14, reflecting an increase of CNY 12,532,656.03[49]. - The total liabilities increased to CNY 540,716,748.38 from CNY 518,988,777.08, reflecting a rise in current liabilities[26]. - The total liabilities for the first quarter of 2021 were CNY 1,176,653,656.13, compared to CNY 1,114,672,830.36 in the previous year, showing an increase of about 5.6%[30]. - The company's current assets decreased to CNY 1,270,347,649.52 from CNY 1,284,353,152.59, primarily due to a reduction in cash and cash equivalents, which fell from CNY 429,924,720.62 to CNY 329,073,882.15[24][25]. Research and Development - R&D expenses rose by 45.33% to CNY 27.45 million, mainly due to the inclusion of R&D expenses from Stardust Game Technology Co., Ltd. following its acquisition[10]. - The company's research and development expenses for the first quarter of 2021 amounted to CNY 27,445,842.58, up from CNY 18,885,172.00 in the previous year, reflecting a growth of approximately 45.5%[32]. Shareholder Information - The top shareholder, Tong Zhilei, holds 13.71% of the shares, amounting to 99,712,416 shares[6]. - There were no significant changes in the number of shareholders or shareholding structure among the top ten shareholders during the reporting period[7]. Investment Activities - The cash flow from investment activities showed a substantial increase of 1,225.43%, with inflows of CNY 447.39 million, primarily due to the recovery of investment in financial products[12]. - The company reported cash inflow from investment activities of CNY 447,386,269.34, significantly higher than CNY 33,754,030.29 in the previous period[40]. - The cash outflow from investment activities was CNY 538,768,053.87, compared to CNY 33,943,576.83 in the prior year[40]. Financial Liabilities - The company reported a significant increase in financial liabilities, with trading financial liabilities reaching CNY 879.58 thousand, reflecting a 100% increase due to fair value fluctuations of financial products[9]. - The company's non-current liabilities increased to CNY 32,649,143.29 from CNY 21,129,552.09, indicating a rise in long-term obligations[26]. Other Financial Metrics - The company experienced a 621.51% increase in credit impairment losses, amounting to CNY 4.88 million, primarily due to the recovery of bad debt provisions[10]. - The company's management expenses increased by 34.19% to CNY 35.71 million, attributed to the expansion of overseas business operations[10].