XAYS(000721)2021-04-19 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥109,240,004.90, representing a 71.36% increase compared to ¥63,749,842.13 in the same period last year[8]. - The net profit attributable to shareholders was -¥40,292,354.71, an improvement of 11.75% from -¥45,658,109.18 year-over-year[8]. - The basic earnings per share for the period was -¥0.0807, showing an improvement of 11.80% from -¥0.0915 in the same period last year[8]. - The net loss for Q1 2021 was CNY 40,930,359.88, compared to a net loss of CNY 45,970,630.88 in Q1 2020, showing an improvement of approximately 11.1%[48]. - Operating revenue for the current period reached ¥73,652,618.63, a significant increase from ¥41,407,959.59 in the previous period, representing a growth of approximately 77.6%[51]. - Operating profit improved to -¥30,284,740.70 from -¥35,394,888.24, indicating a reduction in losses by about 14.5%[51]. - Net profit for the current period was -¥29,987,527.86, compared to -¥35,384,915.10 in the previous period, reflecting a decrease in losses of approximately 15.1%[51]. Cash Flow - The net cash flow from operating activities was -¥20,241,547.39, which is a decline of 36.73% compared to -¥14,804,437.22 in the previous year[8]. - The company's net cash flow from operating activities decreased by CNY 5.4371 million, a decline of 36.73%, attributed to increased cash payments for goods and services[19]. - Cash flow from operating activities showed a net outflow of -¥20,241,547.39, worsening from -¥14,804,437.22 in the previous period[53]. - Cash inflow from operating activities totaled ¥115,310,968.93, up from ¥51,815,492.26, marking an increase of about 122.2%[53]. - Cash outflow from operating activities increased to ¥135,552,516.32 from ¥66,619,929.48, representing a rise of approximately 103.5%[53]. - The net cash flow from investing activities increased by CNY 24.8622 million, a surge of 2,660.53%, due to higher cash receipts related to investment activities[19]. - The net cash flow from investing activities was 24,191,022.22 CNY, a turnaround from -931,784.18 CNY in the previous year, showing a positive shift in investment cash flow[57]. Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥1,365,777,347.31, an increase of 8.70% from ¥1,256,480,021.35 at the end of the previous year[8]. - Total liabilities increased to CNY 777,140,243.66 from CNY 626,912,557.82, an increase of approximately 23.9%[39]. - Total liabilities increased to 851,263,924.95 CNY from 626,912,557.82 CNY, marking an increase of about 36%[62]. - The company's total equity decreased to CNY 588,637,103.65 from CNY 629,567,463.53, a decline of approximately 6.5%[39]. - Current liabilities decreased to CNY 532,479,270.14 from CNY 552,665,849.04, a reduction of about 3.6%[39]. - Non-current liabilities increased significantly to CNY 244,660,973.52 from CNY 74,246,708.78, marking a rise of about 229.5%[39]. - Long-term borrowings decreased to CNY 3,683,766.50 from CNY 53,752,707.47, a reduction of about 93.2%[39]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 58,567[10]. - The largest shareholder, Xi'an Tourism Group Co., Ltd., held 21.04% of the shares, totaling 105,000,000 shares[11]. Government Support and Projects - The company received government subsidies amounting to ¥765,374.22 during the reporting period[8]. - The company has completed various project approvals and is currently working on the renovation design for the Xi'an Restaurant East Street project[27]. - The company is in the process of a non-public stock issuance, which has been accepted by the China Securities Regulatory Commission[21]. Operational Challenges and Future Plans - Operating revenue increased by 71.36% year-on-year, while operating costs rose by 49.29%, largely due to the severe impact of the pandemic in the previous year[18]. - The company plans to focus on cost control and operational efficiency to improve profitability in future quarters[48]. - There were no new product launches or significant market expansion strategies mentioned in the report[48].