COL(SZ:300364)2024-04-24 13:54Financial Performance - Operating revenue for the first quarter of 2024 was ¥222,668,960.22, a decrease of 22.81% compared to ¥288,456,458.00 in the same period of 2023[6]. - The total operating revenue for Q1 2024 was ¥222,668,960.22, a decrease of 22.8% compared to ¥288,456,458.00 in Q1 2023[28]. - Total profit for the first quarter was a loss of ¥65,800,388.81, an increase in loss of 86.00% compared to a loss of ¥35,376,565.37 in the previous year[6]. - The net loss attributable to the parent company was ¥68,461,252.74, compared to a net loss of ¥37,219,440.22 in the same period last year, representing an increase in loss of 83.9%[25]. - The comprehensive loss for the period was ¥66,846,436.70, compared to a comprehensive loss of ¥40,813,615.00 in Q1 2023, indicating a worsening of 63.9%[25]. - Basic and diluted earnings per share were both -¥0.0938, compared to -¥0.0509 in the same quarter last year[25]. - Net profit attributable to shareholders for the current period is -¥68,461,252.74, representing a decline of 83.94% year-over-year[60]. - Basic and diluted earnings per share for the current period are both -¥0.0938, down 84.28% from the same period last year[60]. Cash Flow and Liquidity - As of March 31, 2024, cash and cash equivalents decreased by 59.02% to ¥139,659,795.39 from ¥340,776,932.74 due to net cash outflows from investment products and operating activities[6]. - Cash inflow from operating activities was ¥287,656,475.94, down 11.4% from ¥324,710,819.74 in Q1 2023[29]. - The net cash flow from operating activities was -$56,593,011.33, compared to -$49,966,971.05 in the previous period, indicating a decline in operational cash flow[35]. - The total cash inflow from investment activities was $83,398,696.36, down from $224,933,417.47, reflecting a significant decrease in investment cash inflows[35]. - The net cash flow from financing activities was -$16,916,712.46, compared to -$53,674,894.96 in the previous period, showing an improvement in financing cash flow[35]. - The company's cash and cash equivalents at the end of the period were $128,610,783.39, down from $200,442,095.46, indicating a decrease in liquidity[35]. Assets and Liabilities - The total liabilities amounted to $577,675,940.69, slightly increasing from $570,034,055.60, indicating a stable liability position[39]. - The total assets decreased to $1,779,121,794.22 from $1,835,921,661.40, reflecting a reduction in the asset base[39]. - The company reported a total equity of $1,201,445,853.53, down from $1,265,887,605.80, suggesting a decline in shareholder equity[52]. - Shareholders' equity attributable to shareholders at the end of the current period is ¥1,179,585,144.61, down 5.26% year-over-year[60]. - Total assets at the end of the current period amount to ¥1,779,121,794.22, a decrease of 3.09% from the end of the previous year[60]. Expenses - Research and development expenses decreased by 55.57% to ¥12,926,213.57 from ¥29,090,408.47, reflecting reduced business income and related costs[6]. - Research and development expenses amounted to ¥12,926,213.57, a significant decrease of 55.6% from ¥29,090,408.47 in the previous year[28]. - Financial expenses increased by 49.92% to ¥2,265,696.60, mainly due to a decrease in bank interest income[6]. - The company experienced a significant increase in financial expenses, totaling ¥2,265,696.60, up from ¥1,511,247.28 in the previous year[28]. Contractual Obligations - Contract assets rose by 113.65% to ¥23,410,794.03, attributed to conditional contract receipts in the cultural business[6]. - The company reported a significant increase in contract liabilities by 65.00% to ¥63,182,306.22, due to unconsumed virtual currency revenue recognition[6]. Government Support - The company received government subsidies amounting to ¥370,510.26 during the reporting period[16]. Investment Activities - The company reported a net investment loss of ¥5,185,768.13 from joint ventures and associates, compared to a loss of ¥2,163,615.43 in the previous year[28]. - The company’s investment cash outflow totaled $211,139,440.52, compared to $411,427,863.07 in the previous period, indicating a reduction in investment expenditures[35]. - The company’s net cash flow decreased by $201,117,137.35, compared to a decrease of $292,114,826.04 in the previous period, showing a less severe cash outflow[35].