丝路视觉(300556) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was ¥170,831,316.12, representing a 44.19% increase compared to ¥118,472,506.67 in the same period last year[8] - The net profit attributable to shareholders was -¥7,069,792.21, an improvement of 49.25% from -¥13,930,852.71 year-on-year[8] - The basic earnings per share were -¥0.06, a 50.00% improvement from -¥0.12 in the same period last year[8] - Revenue increased by 44.19% year-on-year, reaching 171 million yuan, driven by growth in CG dynamic visual services and CG visual scene integration services[18] - Net profit attributable to shareholders increased by 49.25% year-on-year, primarily due to a reduction in bad debt provisions for accounts receivable and an increase in deferred tax assets[18] - Total comprehensive income attributable to the parent company increased by 49.20% year-on-year, supported by reduced bad debt provisions[18] - The net loss for the first quarter was CNY 7,959,725.34, an improvement from a net loss of CNY 15,660,874.35 in the same period last year[38] - The net profit for the first quarter was CNY 8,129,405.96, up from CNY 5,435,227.79 in the same period last year, reflecting a growth of approximately 49.3%[42] Cash Flow and Liquidity - The net cash flow from operating activities improved by 53.08%, reaching -¥41,888,678.30 compared to -¥89,274,064.66 in the previous year[8] - Cash flow from operating activities increased by 104.44% year-on-year, driven by higher cash receipts from sales[18] - The company's cash and cash equivalents decreased to ¥189.64 million from ¥371.88 million as of December 31, 2020, representing a decline of approximately 49%[27] - The company's cash and cash equivalents dropped to CNY 112,786,509.35 from CNY 295,543,547.79, highlighting a need for cash flow improvement[31] - The cash inflow from financing activities was ¥2,585,000.00, down from ¥43,031,000.00 in the previous period, reflecting a decrease in financing activities[50] - The net cash flow from financing activities was -¥23,650,962.70, a significant decline from a positive net cash flow of ¥35,033,650.90 in the previous period[50] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,219,566,155.15, a decrease of 0.70% from ¥1,228,148,948.01 at the end of the previous year[8] - The total current assets decreased to ¥863.48 million from ¥972.46 million, a reduction of about 11.2%[27] - The total liabilities increased significantly by 469.86% year-on-year, primarily due to the recognition of lease liabilities under new leasing standards[18] - The total liabilities decreased to ¥563.74 million from ¥615.95 million, a reduction of about 8.5%[29] - The total assets as of December 31, 2020, were ¥1,228,148,948.01, which adjusted to ¥1,292,768,992.43 on January 1, 2021, due to the implementation of new leasing standards[54] - Total liabilities reached CNY 429,792,430.25, reflecting a decrease of CNY 34,349,293.33 from the previous period[58] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,632[12] - The largest shareholder, Li Mengdi, holds 25.52% of the shares, with 30,106,950 shares, of which 23,415,150 are pledged[12] Research and Development - Research and development expenses grew by 30.36% year-on-year, reflecting increased investment in R&D[18] - The company incurred research and development expenses of CNY 6,422,085.69, compared to CNY 5,946,317.14 in the previous period, reflecting ongoing investment in innovation[41] Risks and Compliance - The company has no significant risks or difficulties affecting future operations reported during the period[20] - There were no violations regarding external guarantees during the reporting period[20] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the period[22] Investment and Income - Investment income surged by 106.84% year-on-year, attributed to reduced losses from joint ventures[18] - The company recorded an investment income of CNY 144,700.59, a recovery from a loss of CNY 2,114,380.64 in the previous period[37]