米奥会展(300795) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥26,478,808.30, representing a 118.71% increase compared to ¥12,106,812.51 in the same period last year[8] - The net profit attributable to shareholders was -¥18,459,145.67, a 10.85% improvement from -¥20,704,601.04 year-over-year[8] - The net cash flow from operating activities was -¥16,393,781.55, showing a 36.33% reduction in losses compared to -¥25,748,530.93 in the previous year[8] - The company's operating revenue for the reporting period reached 26.48 million, an increase of 118.71% compared to the same period last year, primarily driven by the growth in digital exhibition revenue[19] - The net profit attributable to shareholders was -18.46 million, reflecting a 10.85% increase compared to the previous year, indicating improved performance despite a loss[19] - The net loss for the period was CNY 22,827,572.50, compared to a loss of CNY 11,643,289.00 in the previous year[38] - The total comprehensive loss for Q1 2021 was CNY 18,382,874.41, compared to a loss of CNY 20,044,074.32 in the same period last year[43] - The total profit for Q1 2021 was a loss of CNY 20,033,906.87, compared to a loss of CNY 21,150,626.22 in the previous year, indicating a reduction in loss of approximately 5.3%[42] Assets and Liabilities - The total assets at the end of the reporting period were ¥507,270,104.86, down 4.39% from ¥530,568,359.42 at the end of the previous year[8] - The net assets attributable to shareholders decreased by 3.61%, from ¥434,081,499.96 to ¥418,407,104.49[8] - The total liabilities decreased to CNY 87,413,505.76 from CNY 95,097,609.11[35] - The total assets amounted to CNY 507,035,071.99, down from CNY 517,554,713.52 at the end of 2020[37] - The accounts payable increased to CNY 4.74 million from CNY 3.41 million at the end of 2020[33] Cash Flow - As of March 31, 2021, the company's cash and cash equivalents amounted to CNY 353.45 million, an increase from CNY 287.68 million at the end of 2020[32] - The cash flow from operating activities was CNY 24,244,998.50, down from CNY 32,615,067.25 in the previous period[49] - The net cash flow from operating activities was -16,393,781.55 CNY, compared to -25,748,530.93 CNY in the previous period, indicating an improvement of approximately 36.5%[50] - The total cash inflow from investment activities was 82,203,002.26 CNY, significantly higher than 48,000.00 CNY in the previous period, marking an increase of over 171,000%[50] - The net cash flow from investment activities was 81,931,267.70 CNY, compared to 29,782.00 CNY in the previous period, showing a substantial increase[50] - The ending balance of cash and cash equivalents was 353,454,514.36 CNY, down from 542,368,650.24 CNY in the previous period[51] Shareholder Information - The total number of shareholders at the end of the reporting period was 7,992[12] - The top shareholder, Fang Huansheng, holds 23.84% of the shares, with a total of 23,879,718 shares[12] Operational Insights - The company plans to enhance its risk management capabilities and optimize its service offerings in response to ongoing pandemic challenges[20] - Management expenses increased by 42.02% to 10.95 million, mainly due to higher equity incentive costs[18] - The company is focused on maintaining its core competitiveness by adjusting marketing strategies and improving operational efficiency[20] - The company will face a "delisting risk warning" due to a negative net profit for the previous year and revenue below 100 million[20] Fundraising and Investments - The total amount of raised funds for changing purposes reached CNY 165.73 million, with CNY 111.45 million already invested[24] - The proportion of the total amount of raised funds that has been changed in purpose is 54.82%[24] - The company plans to allocate CNY 101.38 million for the "Overseas Self-Hosted Exhibition Business Upgrade and Expansion Project" and CNY 64.35 million for the "ChinaHomelife247 Exhibition Foreign Trade O2O Matching Platform Upgrade Project"[25] Research and Development - Research and development expenses were CNY 3,837,871.53, compared to CNY 3,388,873.56 in the previous year[41] - The company reported a decrease in research and development expenses to CNY 1,330,877.29 from CNY 3,388,873.56 in the previous period[45] Compliance and Audit - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[56] - There were no violations of external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[27]