Great result!!
RMB 34.8M receipts is more in this quarter than in the full year ended March 2020 (32M). Also brings the yearly tally up to 63M which betters the 53M from last year, with a quarter left to go.
Reason for the increase? could be tencent, could be BNPL, could be late receivables finally got paid. 2020 December receipts were also much bigger then previous quarters so possibly the receipts are a bit lumpy/seasonal depending on when contracts were started. Interesting that in the breakdown of receipts they only account for 16.9M which leaves 18M outstanding. Perhaps the 18M is 'normal' and the rest is 'abnormal' so was listed.
Also interesting why they would pay off pay off USD360K of on of the CB last quarter, whereas this quarter when they appear to have excess cash flow, they opt to renew 2 CB's. Wonder if they already have plans for the spare cash?
Just some musings ...
Great result!! RMB 34.8M receipts is more in this quarter than...
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