Thinkingdom Media (603096)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 204,954,704.14, representing a decrease of 0.82% compared to the same period last year[5]. - Net profit attributable to shareholders was CNY 45,026,614.32, an increase of 5.63% year-on-year[5]. - Total operating revenue for Q1 2023 was ¥204,954,704.14, a decrease of 0.84% compared to ¥206,655,793.43 in Q1 2022[19]. - Net profit for Q1 2023 was ¥45,673,803.24, representing a 3.57% increase from ¥44,097,775.80 in Q1 2022[20]. - Basic and diluted earnings per share were both CNY 0.28, up 7.69% from the previous year[5]. - Basic and diluted earnings per share for Q1 2023 were both ¥0.28, compared to ¥0.26 in Q1 2022[20]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 43.52% to CNY 7,458,938.49, primarily due to increased cash payments for goods and services[8]. - Cash flow from operating activities generated a net amount of ¥7,458,938.49 in Q1 2023, down from ¥13,205,414.73 in Q1 2022[22]. - The company's cash and cash equivalents decreased to RMB 177,515,568.90 from RMB 514,307,479.03, representing a decline of approximately 65.5%[14]. - The ending balance of cash and cash equivalents was ¥170,888,017.79 as of the end of Q1 2023, down from ¥491,925,016.44 at the end of Q1 2022[23]. Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 2,223,563,679.24, reflecting a 0.99% increase from the end of the previous year[6]. - Total current assets reached RMB 1,763,364,009.83, compared to RMB 1,735,968,611.51 at the end of 2022, indicating an increase of about 1.58%[14]. - Total liabilities decreased to RMB 178,452,268.80 from RMB 203,340,503.87, a reduction of approximately 12.2%[15]. - The non-current assets totaled RMB 460,199,669.41, a slight decrease from RMB 465,905,870.89, reflecting a decline of approximately 1.5%[14]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 10,136[10]. - The largest shareholder, Chen Mingjun, holds 53.90% of the shares, with 15,200,000 shares pledged[10]. - Shareholders' equity attributable to the parent company increased by 2.31% to CNY 2,016,829,576.96[6]. - The equity attributable to shareholders increased to RMB 2,016,829,576.96 from RMB 1,971,342,522.60, reflecting a growth of about 2.3%[15]. Expenses and Investments - Total operating costs increased to ¥155,378,968.43 in Q1 2023, up 3.8% from ¥150,596,293.85 in Q1 2022[19]. - The company reported an increase in sales expenses to ¥38,792,351.02 in Q1 2023, up from ¥32,812,154.44 in Q1 2022[19]. - Research and development expenses decreased to ¥2,361,051.74 in Q1 2023 from ¥3,032,599.70 in Q1 2022, a reduction of approximately 22.1%[19]. - The company recorded an investment income of ¥310,025.10 in Q1 2023, a significant improvement from a loss of ¥261,270.06 in Q1 2022[19]. Other Financial Metrics - The weighted average return on equity was 2.26%, an increase of 0.07 percentage points[5]. - Non-recurring gains and losses totaled CNY 5,395,161.14 for the period[7]. - The company's inventory decreased slightly to RMB 232,608,763.22 from RMB 241,337,252.38, a decline of approximately 3.6%[14]. - The accounts receivable increased to RMB 143,521,268.95 from RMB 119,784,283.37, indicating a growth of about 19.8%[14]. - The company's retained earnings rose to RMB 960,947,759.24 from RMB 915,921,144.92, an increase of about 4.9%[15].