Tom(SZ:300459)2021-04-27 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥494,864,838.15, representing a 5.50% increase compared to the same period last year[8] - The net profit attributable to shareholders was ¥228,309,155.86, reflecting a 4.62% increase year-over-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥226,862,090.30, which is a 15.74% increase compared to the previous year[8] - The basic earnings per share remained stable at ¥0.06, with no percentage change[8] - The weighted average return on net assets increased to 8.00%, up from 5.77% in the previous year[8] - The company reported a net loss of ¥589,100,633.14, an improvement compared to a loss of ¥817,409,789.00 in the previous period, indicating a reduction in losses of approximately 28%[71] - The total comprehensive income for the current period is 213,916,877.20, compared to 172,162,318.45 in the previous period, reflecting an increase of approximately 24.3%[86] - The total operating revenue for the current period is 2,091.99, compared to 299,108.49 in the previous period, indicating a significant decrease[87] Cash Flow and Assets - The net cash flow from operating activities decreased by 38.88% to ¥280,885,811.15 compared to the same period last year[8] - Cash flow from operating activities generated a net cash inflow of 280,885,811.15 CNY, down from 459,565,615.16 CNY in the prior period, indicating a decrease of approximately 39%[94] - The company's cash and cash equivalents decreased to ¥674,872,989.54 from ¥712,331,309.00, reflecting a decline of approximately 5.3%[62] - The ending balance of cash and cash equivalents was 321,062,545.61 CNY, down from 1,333,396,540.50 CNY, reflecting a decrease of approximately 76%[100] - The total assets at the end of the reporting period were ¥6,647,183,506.62, a slight increase of 0.16% from the end of the previous year[8] - The company's total assets amounted to ¥6,647,183,506.62, a slight increase from ¥6,636,726,567.17 on December 31, 2020[62] - The company's non-current assets totaled ¥5,659,998,998.81, compared to ¥5,647,520,667.45 at the end of 2020, indicating a growth of approximately 0.2%[64] Liabilities and Equity - The total liabilities amounted to ¥3,685,084,736.33, a decrease from ¥3,888,544,674.08, indicating a reduction of about 5.2%[71] - The total equity attributable to shareholders increased to ¥2,960,653,390.52 from ¥2,746,794,533.65, reflecting a growth of about 7.8%[71] - The total current liabilities were ¥1,973,795,000.44, down from ¥2,224,243,047.31, indicating a decrease of approximately 11.3%[71] - The total non-current liabilities increased to ¥1,711,289,735.89 from ¥1,664,301,626.77, reflecting a growth of about 2.8%[71] Research and Development - Development expenditure increased by 36.47% to ¥67,479,144.67 due to increased investment in R&D projects[29] - The research and development expenses for the current period are 25,601,400.26, down from 34,266,326.63 in the previous period, showing a decrease of approximately 25.4%[1] Market and Product Development - The company continues to implement its strategy as a full-spectrum IP ecosystem operator centered on the "Talking Tom Cat" IP, with good operational development in both online and offline businesses[30] - The company is developing several new games, including "Tom Cat Racing," "God King Duel," and "My Angela 2," to enhance user engagement and expand its market presence[32] - The company has established a partnership with Douyin for marketing activities, enhancing the influence of the "Talking Tom and Friends" IP in the Chinese market[37] - The company is actively exploring new gameplay types under the Tom Cat IP, aiming to meet user demands for diverse gaming experiences[34] Risks and Legal Matters - The company faces risks related to intellectual property protection, particularly concerning its well-known IP "Talking Tom Cat Family," which could negatively impact its operations if infringed[39] - The company has established a professional legal team and implemented strict internal controls to protect its intellectual property rights[41] Financial Management - The company is enhancing its management structure to cope with the complexities of its expanding global operations[45] - The company is actively monitoring its goodwill and intangible assets for potential impairment, ensuring compliance with accounting standards[49]