*ST西域(300859) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥9,896,963.27, representing a 309.93% increase compared to ¥2,414,303.06 in the same period last year[7]. - The net profit attributable to shareholders was -¥10,203,880.00, an improvement of 48.58% from -¥19,843,306.82 year-on-year[7]. - The net cash flow from operating activities was -¥3,101,193.60, showing an 80.25% improvement compared to -¥15,701,260.39 in the previous year[7]. - The company reported a net profit margin improvement, with retained earnings at CNY 114,650,843.56 compared to CNY 124,854,723.56 from the previous period[36]. - The net profit after deducting non-recurring gains and losses was -¥9,663,699.35, showing a 51.75% reduction in losses year-on-year[16]. - The company reported a net loss of CNY 10.20 million in Q1 2021, a 48.58% reduction compared to the same period last year, when the loss was CNY 43.26 million[25]. - The net loss for the first quarter was CNY 10,459,357.00, compared to a net loss of CNY 20,134,639.04 in the same period last year, representing a 48.0% improvement[43]. Assets and Liabilities - The total assets at the end of the reporting period were ¥712,607,534.89, a decrease of 2.90% from ¥733,902,588.42 at the end of the previous year[7]. - The total current assets decreased to CNY 244.41 million from CNY 262.09 million, reflecting a decline of 6.73%[33]. - The company’s total liabilities as of March 31, 2021, were not disclosed but are critical for assessing financial health[33]. - Total liabilities decreased from CNY 124,493,872.33 to CNY 113,658,175.80, reflecting a decline of about 8.5%[35]. - Owner's equity totaled CNY 598,949,359.09, down from CNY 609,408,716.09, indicating a decrease of approximately 1.5%[36]. Cash Flow - The cash flow from investment activities included ¥80,721,095.89 from the sale of trading financial assets, contributing to improved liquidity[17]. - The total cash inflow from operating activities was 10,596,681.40 CNY, significantly higher than 4,206,748.18 CNY in the previous period[53]. - The cash flow from operating activities showed a net outflow of -2,709,895.33 CNY, an improvement from -8,390,143.82 CNY in the previous period[53]. - The cash flow from financing activities resulted in a net outflow of -3,784,541.67 CNY, compared to -6,100,099.94 CNY in the previous period[52]. - The total cash and cash equivalents at the end of the period was 150,010,370.07 CNY, down from 167,457,325.54 CNY at the beginning of the period[52]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 23,822[11]. - The largest shareholder, Xinjiang Tianchi Holdings Co., Ltd., holds 38.25% of the shares, totaling 59,287,500 shares[11]. Operational Highlights - The company's total operating revenue for the reporting period reached ¥9,896,963.27, a significant increase of 309.93% compared to the previous period due to the recovery of the tourism industry as domestic COVID-19 control measures improved[16]. - The company reported a 435.99% increase in cash received from sales of goods and services, totaling ¥10,127,876.48, as tourism activities resumed[17]. - The first quarter's operating income accounted for only 3.5% of the annual revenue, highlighting the seasonality of the tourism business[19]. - The company engaged in various marketing activities, attracting over 15,000 participants and increasing visitor numbers by 16% during the New Year period compared to the previous year[18]. - The company plans to enhance its brand influence and reputation through innovative marketing strategies and cultural activities[18]. Investment and Future Plans - The company has allocated CNY 80 million of idle funds for cash management, investing in structured financial products with a maturity of no more than 12 months[24]. - The company has not yet utilized the raised funds for the Tianchi Tourist Service Center expansion and the Tianchi Scenic Area Lantern Mountain Tourist Service projects as of March 31, 2021[24]. - The company plans to continue its investment strategy while ensuring that the idle funds do not affect the normal operation of the fundraising projects[24]. - The company expects to recover its performance in 2021 as the domestic pandemic situation stabilizes[25].