JiShi Media(601929)2024-04-25 08:11Financial Performance - The company's operating revenue for Q1 2024 was CNY 347,380,202.06, representing a decrease of 25.89% compared to the same period last year[4]. - The net profit attributable to shareholders of the listed company was a loss of CNY 127,552,952.49, a significant decline of 6,216.40% year-on-year[4]. - The net loss for Q1 2024 was ¥126,293,345.53, compared to a net profit of ¥4,182,145.84 in Q1 2023, indicating a significant decline in profitability[18]. - Basic and diluted earnings per share for Q1 2024 were both -¥0.0366, compared to ¥0.0006 in Q1 2023[19]. - The company reported a total comprehensive loss of ¥160,480,883.49 for Q1 2024, compared to a loss of ¥182,904.55 in Q1 2023[19]. - The company reported a total comprehensive income of -¥2,839,789.95 for Q1 2024, compared to ¥4,367,225.45 in Q1 2023, indicating a decline[31]. Cash Flow - The net cash flow from operating activities was CNY 122,498,330.46, an increase of 374.41% compared to the previous year[4]. - Cash inflows from operating activities totaled ¥389,015,697.00 in Q1 2024, slightly up from ¥372,978,766.62 in Q1 2023[21]. - The net cash flow from operating activities for Q1 2024 was ¥115,157,246.21, a turnaround from a negative cash flow of ¥25,640,262.08 in Q1 2023[34]. - The company reported a net cash outflow from investing activities of ¥172,246,738.19 in Q1 2024, compared to an outflow of ¥218,939,103.83 in Q1 2023[22]. - The net cash flow from financing activities was a negative ¥157,485,513.65 in Q1 2024, contrasting with a positive inflow of ¥372,992,387.61 in Q1 2023[22]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 14,055,737,468.71, down 2.68% from the end of the previous year[4]. - As of March 31, 2024, the total current assets amounted to CNY 2,049,355,133.83, a decrease of 8.87% from CNY 2,249,093,276.09 at the end of 2023[12]. - Total liabilities decreased to CNY 7,602,996,296.03 from CNY 7,829,765,576.56, reflecting a reduction of 2.89%[14]. - The total assets as of March 31, 2024, were ¥14,899,005,922.96, a decrease from ¥15,171,827,472.69 at the end of 2023[26]. - The total liabilities decreased to ¥7,278,540,882.64 in Q1 2024 from ¥7,548,522,642.42 in Q4 2023[26]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 94,348[7]. - The largest shareholder, Jilin Broadcasting and Television Station, holds 28.18% of the shares, totaling 983,337,364 shares[7]. Financial Expenses - The company reported a significant increase in financial expenses by 53.72%, primarily due to increased interest expenses[5]. - The company incurred financial expenses of ¥42,614,879.44 in Q1 2024, an increase from ¥27,721,676.14 in Q1 2023, reflecting a rise of approximately 54%[17]. - The company incurred financial expenses of ¥41,408,244.74 in Q1 2024, up from ¥27,644,644.70 in Q1 2023, representing an increase of 49.6%[30]. Inventory and Receivables - Accounts receivable increased to CNY 363,221,954.80, up by 6.67% from CNY 339,529,131.13[12]. - Inventory rose to CNY 1,137,262,683.12, an increase of 7.63% compared to CNY 1,056,685,363.53[12]. Research and Development - Research and development expenses for Q1 2024 were ¥14,998,013.72, compared to no reported R&D expenses in Q1 2023[17]. - Research and development expenses for Q1 2024 were ¥11,466,942.58, a decrease of 13.7% from ¥13,283,828.19 in Q1 2023[30].