证券代码：601595 证券简称：上海电影 公告编号：2023-045 上海电影股份有限公司 关于向控股子公司增资暨关联交易的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 上海电影股份有限公司（以下简称公司）拟以自有资金人民币 1,530 万 元、上海电影（集团）有限公司（以下简称上影集团）拟以人民币 420 万元、上 海美术电影制片厂有限公司（以下简称上美影）拟以人民币 1,050 万元对公司控 股子公司上影元（上海）文化科技发展有限公司（以下简称上影元文化）进行同 等对价同比例现金增资，增资后，上影元文化注册资本由人民币 1,000 万元增加 至 4,000 万元，各方持股比例不变，公司持股 51%，上影集团持股 14%，上美影 持股 35%。 上影集团为公司控股股东，上美影为上影集团下属企业，上影集团、上 美影为公司关联方，本次增资事项构成关联交易，但不构成《上市公司重大资产 重组管理办法》规定的重大资产重组。 本次增资事项已经公司第四届董事会第十七次会议审议通过，独立董事 发表了事前认可意见及同 ...

证券代码：601595 证券简称：上海电影 公告编号：2023-042 上海电影股份有限公司 第四届董事会第十七次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、 董事会会议召开情况 上海电影股份有限公司（以下简称公司）于 2023 年 8 月 21 日以通讯表决的 方式召开了第四届董事会第十七次会议（以下简称本次会议）。本次会议通知及 会议材料已于 2023 年 8 月 16 日通过电子邮件方式送达全体董事，本次会议应出 席董事 8 名，实际出席董事 8 名，出席董事占应出席人数的 100%，会议由董事 长王健儿先生主持。本次会议的召集、召开程序符合《中华人民共和国公司法》 （以下简称《公司法》）等相关法律、法规、及《上海电影股份有限公司章程》 （以下简称《公司章程》）的规定，会议决议合法、有效。 二、 董事会会议审议情况 1、审议通过《关于补充确认与同一关联人累计发生关联交易及预计新增日 常关联交易的议案》 关联董事王健儿先生、王隽女士、吴嘉麟先生回避表决，由其他非关联的五 名董事进行表决。 议案表决结果 ...

证券代码：601595 证券简称：上海电影 公告编号：2023-027 上海电影股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩说明会的 公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 本次投资者说明会以网络互动形式召开，公司将针对 2022 年度 的经营成果及财务指标的情况与投资者进行互动交流和沟通，在信息 披露允许的范围内就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 重要内容提示： 投资者可于 2023 年 05 月 16 日(周二)16:00 前登录上证路演中 心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@sh-sfc.com 进行提问。公司将在本次业绩说明会上对投资者普遍关注的问题进行 回答。 上海电影股份有限公司（以下简称"公司"）已于 2023 年 4 月 27 日于上海证券交易所网站发布公司《2022 年年度报告》及相关公 告，为便于广大投资者更全面、深入地了解公司 2022 年度经营成果、 财务状况，公司计划于 2023 年 05 月 17 日 上午 11 ...

Financial Performance - The diluted earnings per share for Q1 2023 is CNY 0.08, reflecting a significant increase of 2,766.67% compared to the previous year[5]. - The net profit attributable to shareholders of the listed company increased by 2,894.58%, primarily due to strong box office performance during the Spring Festival and reduced rental costs from negotiations with theaters[21]. - Total operating revenue for Q1 2023 reached RMB 177,544,049.08, an increase of 12.9% compared to RMB 157,262,379.34 in Q1 2022[29]. - Net profit for Q1 2023 was RMB 37,663,755.83, a significant recovery from a net loss of RMB 3,355,867.25 in Q1 2022[29]. - Operating profit for Q1 2023 was RMB 42,275,625.41, compared to an operating loss of RMB 2,903,352.84 in the same period last year[29]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 23,611,387.82, reflecting a year-on-year increase of 520.82%[39]. - The company's total comprehensive income for the period was RMB 37,663,755.83, compared to a loss of RMB -3,355,867.25 in the previous year[39]. Cash Flow and Assets - The net cash flow from operating activities decreased by 136.32%, attributed to increased payments to theaters compared to the same period last year[21]. - The company reported a net increase in cash and cash equivalents of CNY -301,436,949.04, compared to an increase of CNY 153,525,060.70 in the previous year[17]. - The company's cash and cash equivalents decreased from RMB 1,257,838,827.44 at the end of 2022 to RMB 958,625,737.53 as of March 31, 2023[47]. - The net cash flow from operating activities was negative at CNY -24,647,185.68, a decline from CNY 67,855,071.49 year-over-year[67]. - Operating cash inflows totaled CNY 537,159,793.13, an increase from CNY 476,370,630.83 in the previous year[67]. - Operating cash outflows amounted to CNY 561,806,978.81, compared to CNY 408,515,559.34 in the prior year[67]. - Cash inflows from investment activities reached CNY 183,095,938.67, up from CNY 101,399,270.32 in the previous year[67]. - Cash outflows from investment activities were CNY 459,309,990.62, significantly higher than CNY 9,581,471.11 in the prior year[67]. - Net cash flow from investment activities was negative at CNY -276,214,051.95, contrasting with a positive CNY 91,817,799.21 in the previous year[67]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 21,194, with the largest shareholder, Shanghai Film (Group) Co., Ltd., holding 69.22%[8]. - Shareholders' equity increased to RMB 1,712,858,204.80 in Q1 2023 from RMB 1,675,194,448.97 in Q1 2022, reflecting a growth of 2.2%[28]. - The total equity attributable to shareholders of the listed company increased by 2.28% to CNY 1,610,570,646.95 from CNY 1,574,594,946.55 at the end of the previous year[5]. Expenses and Liabilities - Total operating costs decreased to RMB 148,831,393.81 in Q1 2023 from RMB 166,518,373.59 in Q1 2022, representing a reduction of 10.6%[29]. - The company's total liabilities decreased to RMB 1,179,359,348.00 in Q1 2023 from RMB 1,230,768,776.40 in Q1 2022, a decline of 4.2%[28]. - Research and development expenses were RMB 10,871,437.42 in Q1 2023, down from RMB 12,719,396.49 in Q1 2022, indicating a reduction of 14.5%[29]. - The company reported a financial expense of RMB 1,399,432.13 in Q1 2023, significantly lower than RMB 9,596,417.27 in Q1 2022, marking a decrease of 85.4%[29]. Future Plans - The company plans to continue expanding its market presence and developing new products and technologies to enhance profitability[21]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[32]. Non-Recurring Gains and Losses - The company has not classified any non-recurring gains and losses as regular gains and losses[6]. - Non-recurring gains included a profit from the disposal of non-current assets amounting to RMB 9,868,571.36[40]. - Government subsidies recognized in the current period totaled RMB 2,548,846.98, closely related to the company's normal business operations[40].

Company Structure and Ownership - The registered capital of Shanghai Film Co., Ltd. is RMB 280 million, with a total of 448.2 million shares after a capital increase in 2019[1]. - The company has a controlling shareholder, Shanghai Film Group, holding 95.52% of the shares[1]. - The company operates a total of 30 subsidiaries, including various cinema management companies across multiple cities[2][5]. Financial Reporting and Accounting Practices - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status as of December 31, 2022[9][11]. - The company’s financial reports are based on the principle of going concern, indicating ongoing operational viability[10]. - The company has undergone changes in its consolidation scope, which is detailed in the financial report[8]. - The company’s accounting period is from January 1 to December 31 each year, aligning with standard fiscal practices[12]. - The company utilizes RMB as its functional currency for accounting purposes[14]. - The company follows specific accounting treatments for mergers and acquisitions, ensuring proper valuation of assets and liabilities[15]. - The company consolidates financial statements for the entire corporate group as a single accounting entity, reflecting the overall financial position, operating results, and cash flows[19]. - The company applies the equity method for investments in joint ventures, recognizing its share of assets, liabilities, and income from joint operations[23]. Financial Performance - The company reported a net profit attributable to shareholders of -334,795,713.92 yuan for the year 2022, with a cumulative undistributed profit of 28,626,545.59 yuan as of the end of 2022[41]. - The company's operating revenue for 2022 was ¥368,345,326.11, a decrease of 49.62% compared to ¥731,083,518.96 in 2021[92]. - The net profit attributable to shareholders for 2022 was -¥334,795,713.92, representing a significant decline of 1,630.74% from a profit of ¥21,871,531.94 in 2021[92]. - The net cash flow from operating activities was ¥94,603,185.47, down 64.17% from ¥264,049,771.19 in the previous year[92]. - The total assets at the end of 2022 were ¥2,905,963,225.37, a decrease of 16.03% from ¥3,460,677,577.86 at the end of 2021[92]. - The net assets attributable to shareholders decreased by 18.45% to ¥1,574,594,946.55 from ¥1,930,854,910.48 in 2021[92]. - The company's revenue after deducting non-main business income was ¥344,764,339.55, a decline of 50.42% compared to ¥695,361,672.51 in 2021[92]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥370,907,523.39, worsening from -¥24,422,679.51 in 2021[92]. Inventory and Receivables Management - Inventory is measured at the lower of cost and net realizable value, with provisions for inventory write-downs when costs exceed net realizable values[65]. - The company uses a perpetual inventory system for inventory management[66]. - The company recognizes contract assets based on the relationship between performance obligations and customer payments, with expected credit loss methods applicable[67][68]. - The total balance of other receivables at the end of the period amounted to 13,618,256.00 yuan, compared to 13,383,175.30 yuan at the beginning of the period[127]. - The total amount of bad debt provision at the end of the period was 12,179,433.22 yuan, with a total book value of 25,797,689.22 yuan[133]. Strategic Plans and Market Outlook - The company plans to focus on expanding its market presence and enhancing its film distribution capabilities in the coming years[92]. - The company will focus on "online and offline integrated development" to innovate in traditional cinema and distribution, aiming for a transformation of its core business[151]. - The company aims to enhance its operational efficiency by transitioning from customer maintenance to traffic operation, and from pure film screening to diversified experiences[152]. - The company will explore new business models by integrating IP with emerging technologies like the metaverse and AR/VR, aiming to transform innovation into revenue[152]. - The management expressed optimism about future recovery as the market stabilizes post-pandemic[92]. Risks and Challenges - The company faces intensified market competition in the film industry, with a shift towards a saturated competition era expected in the short term[157]. - The rise of online media and digital entertainment consumption is leading to a fragmented market, potentially delaying the recovery of box office revenues to pre-pandemic levels[157]. - There is a risk of insufficient supply of quality content, which could negatively impact audience demand and the company's revenue performance[157]. - The company is exposed to risks related to the recovery of receivables and potential asset impairment due to industry recovery uncertainties[157]. - The company relies on leased properties for its cinemas, with an average lease term of 15 years, but faces risks related to lease renewals and potential cost increases[160]. Employee Compensation and Governance - The total pre-tax remuneration for the reporting period amounted to 3.7824 million yuan[170]. - The remuneration for the general manager, Dai Yun, was 620,400 yuan[170]. - The remuneration for the financial director and board secretary, Wang Rui, was 592,700 yuan[170]. - The independent directors received a remuneration of 122,000 yuan each[170]. - The company has a diverse board with a mix of genders and ages, with the youngest director being 39 years old[170]. Revenue Recognition Policies - The company recognizes revenue when the customer obtains control of the related goods or services, which is when the customer can direct the use and obtain almost all the economic benefits[190]. - Revenue from movie screening is recognized at the total ticket sales amount when the service is provided, while pre-sale amounts are initially recognized as contract liabilities[191]. - Advertising service revenue is recognized during the service period based on the agreed standards and prices after confirmation by the service recipient[194]. - Government grants are recognized when the company meets the conditions attached and can receive them, with asset-related grants recognized as deferred income[197].

Financial Performance - The company's operating revenue for Q3 2022 was ¥95,470,313.90, a decrease of 27.81% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2022 was ¥6,688,914.49, an increase of 141.57% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was -¥2,244,702.50, a decrease of 90.71% compared to the same period last year[5]. - The basic earnings per share for Q3 2022 was ¥0.02, an increase of 150.00% year-on-year[5]. - Total revenue for the first three quarters of 2022 was CNY 284,870,288, a decrease of 45.5% compared to CNY 522,977,218 in the same period of 2021[34]. - The company reported a net loss of approximately ¥173.55 million for the current period, compared to a net profit of ¥10.93 million in the same period last year, indicating a significant decline in profitability[36]. - Operating profit for the current period was approximately -¥160.03 million, while the previous period showed an operating profit of ¥22.21 million, reflecting a substantial decrease[36]. - Total comprehensive income for the current period was approximately -¥175.34 million, compared to ¥10.93 million in the previous year, indicating a negative trend in overall financial performance[36]. - The company’s basic and diluted earnings per share were both -¥0.36, compared to ¥0.05 in the same period last year, reflecting a downturn in earnings performance[36]. Cash Flow and Liquidity - The company reported a net cash flow from operating activities of ¥11,756,739.62 for the year-to-date, a decrease of 92.30% compared to the same period last year[5]. - Cash flow from operating activities generated a net cash inflow of ¥11.76 million, down from ¥152.65 million in the same period last year, highlighting a decline in operational cash generation[40]. - The company recorded cash and cash equivalents of ¥700.05 million at the end of the period, an increase from ¥566.65 million at the beginning of the period, showing improved liquidity[41]. - Cash inflow from investment activities was approximately ¥395.92 million, significantly higher than ¥147.97 million in the same period last year, indicating a positive shift in investment cash flow[41]. - The company’s total operating cash outflow was approximately ¥944.49 million, down from ¥1.39 billion in the same period last year, suggesting improved cost management despite lower revenues[40]. Assets and Liabilities - The total assets at the end of Q3 2022 were ¥3,168,348,528.61, a decrease of 8.45% compared to the end of the previous year[8]. - Current liabilities totaled CNY 556,849,467.55, down from CNY 623,731,432.66, representing a decrease of 10.7%[32]. - Non-current liabilities decreased to CNY 743,309,280.94 from CNY 793,916,234.10, a reduction of 6.4%[32]. - The total equity attributable to shareholders decreased to CNY 1,767,570,866.66 from CNY 1,930,854,910.48, reflecting a decline of 8.4%[32]. - The company's cash and cash equivalents as of September 30, 2022, were approximately 1.16 billion yuan, compared to 1.02 billion yuan at the end of 2021[25]. - The company's trading financial assets decreased from approximately 326.44 million yuan to 177.78 million yuan year-on-year[25]. - The accounts receivable decreased from approximately 154.08 million yuan to 80.90 million yuan year-on-year[25]. - The company reported a significant reduction in employee compensation liabilities, which fell to CNY 19,437,868.15 from CNY 36,007,050.07, a decrease of 46.0%[32]. - The company’s long-term equity investments decreased slightly to CNY 149,011,443.99 from CNY 153,248,019.95, a decline of 2.1%[34]. Market Performance - The total box office for the domestic film market in China as of Q3 2022 was ¥25.68 billion, a year-on-year decrease of 26.36%[15]. - The number of moviegoers in China reached 611 million in Q3 2022, a decrease of 30.50% year-on-year[15]. - The average ticket price in China was ¥42.06, an increase of 5.95% year-on-year[15]. - The company's direct cinemas achieved a total box office of 201.84 million yuan in the first three quarters of 2022, a year-on-year decrease of 42.35%, with a market share of 0.86%[16]. - The total number of moviegoers in direct cinemas was 4.44 million, down 43.82% year-on-year, with the third quarter box office at 69.37 million yuan, a decline of 18.26%[16]. - The subsidiary United Alliance achieved a total box office of 1.68 billion yuan in the reporting period, a year-on-year decrease of 30.53%, with a market share of 7.20%[17]. - In the third quarter of 2022, United Alliance's box office was 572.31 million yuan, an increase of 4.54% year-on-year, with 14.36 million moviegoers, a decline of 1.83%[17]. - The company participated in the investment and distribution of 2 films, achieving a total box office of 158.5 million yuan, accounting for 6.17% of the total box office during the same period[17]. - As of the end of the third quarter, the company operated 50 direct cinemas with a total of 369 screens[16].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥189,399,974.10, a decrease of 51.53% compared to ¥390,736,943.71 in the same period last year[22] - The net profit attributable to shareholders of the listed company was -¥168,184,208.31, representing a decline of 538.92% from ¥38,317,576.14 in the previous year[22] - The net cash flow from operating activities was ¥50,882,186.37, down 63.09% from ¥137,860,592.28 in the same period last year[22] - Basic earnings per share for the first half of 2022 were -¥0.38, a decrease of 522.22% compared to ¥0.09 in the same period last year[24] - The weighted average return on net assets was -9.11%, a decrease of 11.12 percentage points from 2.01% in the previous year[24] - The company reported a gross loss of CNY 167,110,821.36 for the first half of 2022, compared to a profit of CNY 43,775,825.19 in the same period of 2021[119] - The company reported a total comprehensive loss of CNY 182,437,180.18 for the first half of 2022, compared to a comprehensive income of CNY 32,472,884.91 in the same period of 2021[119] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,256,554,044.61, a decrease of 5.90% from ¥3,460,677,577.86 at the end of the previous year[22] - The net assets attributable to shareholders of the listed company decreased by 8.80% to ¥1,760,881,952.17 from ¥1,930,854,910.48 at the end of the previous year[22] - Cash and cash equivalents at the end of the period were 1,352,965,980.14 RMB, which is 41.55% of total assets, reflecting a 32.46% increase from the previous year[51] - The company’s total liabilities included lease liabilities of 733,191,940.20 RMB, which is 22.51% of total liabilities, showing a slight decrease of 1.45%[54] - The total assets and shareholders' equity amounted to CNY 2,618,543,850.60 and CNY 1,999,340,064.97 respectively, showing an increase from CNY 2,556,324,445.72 and CNY 2,002,138,837.13 in the previous year[116] Market and Industry Context - As of June 2022, the total box office for the Chinese domestic film market was 17.181 billion yuan, a decrease of 37.68% compared to the same period in 2021, with total audience attendance dropping by 41.7% to 398 million[32] - The average ticket price increased by 6.7% to 43.2 yuan, while the attendance rate decreased by 2.22 percentage points to 6.28%[32] - The number of newly opened cinemas nationwide was 425, a decrease of 23.4% compared to the same period in 2021[32] - The company faces risks from increased competition in the film industry due to the influx of capital and talent, which may impact market share[62] - The rise of digital media and online entertainment formats poses a risk to traditional cinema attendance, potentially delaying revenue recovery to pre-pandemic levels[63] Operational Insights - The company's main business includes film distribution and screening, with a complete industry chain covering cinema management, cinema line operations, and film distribution[31] - The company’s subsidiary participated in the investment and distribution of the film "Life Events," which achieved a box office of 490 million yuan by the end of the reporting period, contributing positively to the post-pandemic recovery of the film market[32] - The company’s cinema chain "SFC Shanghai Film City" maintained stable operations, optimizing asset quality to ensure industry-leading operational efficiency[33] - The company continues to leverage its industry chain advantages, enhancing its competitive position in the increasingly fierce market[36] Financial Management and Strategy - The company plans to optimize regional structures and explore new business models, including "cinema+" innovations[37] - The company aims to enhance its online and offline integration through community operations and innovative product sales[37] - The company will continue to leverage its parent company's resources to promote key projects and explore online content investment and distribution[41] - The company should focus on strategies for market expansion and product development to recover from the current financial downturn[123] Related Party Transactions and Governance - The company reported a total of 951.51 million RMB in related party transactions, with a net decrease of 49.35 million RMB during the reporting period[86] - The company has no significant impact on its operating results and financial status from related party debts[86] - There were no major lawsuits or arbitration matters during the reporting period[82] - The company has fulfilled all commitments made by its actual controllers and shareholders during the reporting period[80] Financial Reporting and Compliance - The financial statements are prepared in accordance with the Chinese Accounting Standards, ensuring compliance and transparency[156] - The company has not reported any changes in accounting policies or prior period error corrections during the current reporting period, maintaining consistency in financial reporting[143] - The group recognizes expected credit losses based on past events, current conditions, and forecasts of future economic conditions[175]

Financial Performance - The company achieved a net profit attributable to shareholders of 21.87 million yuan in 2021, a significant recovery from a loss of 431.22 million yuan in 2020, representing a 105.07% increase[6]. - Total operating revenue for 2021 was approximately 731.08 million yuan, up 136.37% from 309.30 million yuan in 2020[22]. - The net cash flow from operating activities was 264.05 million yuan, a turnaround from a negative cash flow of 394.78 million yuan in the previous year, marking a 166.89% increase[22]. - The company's total assets increased by 21.92% to approximately 3.46 billion yuan at the end of 2021, compared to 2.84 billion yuan at the end of 2020[22]. - The net assets attributable to shareholders decreased by 4.38% to approximately 1.93 billion yuan at the end of 2021, down from 2.02 billion yuan at the end of 2020[22]. - Basic earnings per share increased to CNY 0.05 from a loss of CNY 0.96, representing a 105.21% increase year-over-year[23]. - The weighted average return on equity improved to 1.15% from -19.17%, an increase of 20.32 percentage points[23]. - The company reported a revenue of 695.36 million yuan after excluding non-core business income, reflecting a 143.08% increase from the previous year[22]. Strategic Planning and Operations - The company is focusing on strategic planning and risk management in light of ongoing industry challenges and the pandemic[7]. - The company plans not to distribute cash dividends for 2021, retaining earnings to support ongoing operations and strategic projects[6]. - The company plans to continue exploring online business innovations and IP development to optimize revenue structure[41]. - The company aims to enhance its brand influence and core competitiveness through various operational strategies and cost optimization measures[37]. - The company intends to maintain its cinema expansion efforts and stabilize its market share as a comprehensive cinema service provider[87]. - The company is focusing on the renovation of the Shanghai Film City, aiming to create a multi-functional cultural and commercial space, enhancing its role as a premier venue for film premieres and events[88]. Market and Industry Insights - The total box office in China's film market reached 47.258 billion yuan in 2021, a year-on-year increase of 131.46%[42]. - The number of cinema screens in China increased by 6,667 to a total of 82,248 screens, with the total number of cinemas reaching 14,480[42]. - The average ticket price in the Chinese film market was 40.15 yuan, an increase of 3.31 yuan or 8.90% year-on-year[42]. - The cinema management segment had a total box office of 484 million yuan, a year-on-year increase of 126.47%, with a market share of 1.13%[37]. - The cinema line business achieved a total box office of 3.336 billion yuan, a year-on-year increase of 136.93%, with a market share of 7.76%[38]. Governance and Compliance - The company received a standard unqualified audit report from PwC, ensuring the accuracy and completeness of its financial statements[5]. - The company has established a strict internal control system to ensure compliance with various operational regulations[101]. - The company received an A-level rating for its information disclosure work from the Shanghai Stock Exchange for the second consecutive year, reflecting recognition from regulatory authorities[98]. - The board of directors consists of 9 members, including 3 independent directors, ensuring a balanced governance structure[98]. - The company has not encountered significant differences in governance compared to regulatory requirements, indicating effective compliance[101]. Human Resources and Management - The company employed a total of 940 staff, with 141 in the parent company and 799 in major subsidiaries[153]. - The workforce composition includes 710 production personnel, 90 sales personnel, 40 technical personnel, 66 financial personnel, 30 administrative personnel, and 4 project development personnel[153]. - The educational background of employees shows 24 with postgraduate degrees, 236 with bachelor's degrees, and 364 with associate degrees[153]. - The company emphasizes the importance of training programs for employees to enhance skills and promote sustainable development[158]. - The company has a focus on maintaining transparency in executive compensation and governance practices[109]. Future Outlook and Growth Initiatives - The company provided a future outlook with a revenue guidance of 1.8 billion RMB for the next quarter, indicating a 12% growth compared to the current quarter[117]. - New product launches are expected to contribute an additional 300 million RMB in revenue over the next year[117]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of 2024[117]. - Research and development investments increased by 10% this year, focusing on innovative technologies in film production[117]. - The company is exploring potential acquisitions to enhance its content library, with a budget of 500 million RMB allocated for this purpose[117]. Financial Management and Investments - The company reported a net cash flow from investing activities of -¥784,654,090.02, a decline of 218.66% from the previous year, mainly due to the purchase of structured deposit products[61]. - The company has committed to invest CNY 105 million in establishing a private equity fund in collaboration with Shanghai Ying Asset Management[196]. - The company has consolidated its investment in the subsidiary Shanghai Ying Asset Management, which will continue to pursue joint investment initiatives[196]. - The company has a remaining balance of CNY 63 million for loans with a quarterly interest payment structure[200]. - The company has not reported any non-operating fund occupation by major shareholders or related parties during the reporting period[182].

Financial Performance - The company's operating revenue for Q1 2022 was ¥157,262,379.34, a decrease of 29.42% compared to the same period last year[4] - The net profit attributable to shareholders was -¥1,287,338.04, representing a decline of 105.14% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥5,610,866.29, down 123.63% from the previous year[4] - The basic and diluted earnings per share were both -¥0.003, a decrease of 105.00% compared to the same period last year[4] - Net profit for Q1 2022 was -¥3,355,867.25, compared to a net profit of ¥23,810,088.24 in Q1 2021[34] - The company reported a loss of -¥2,903,352.84 in operating profit for Q1 2022, contrasting with an operating profit of ¥27,234,088.23 in Q1 2021[32] - Basic and diluted earnings per share for Q1 2022 were both -¥0.003, compared to ¥0.06 in Q1 2021[34] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,512,960,436.56, an increase of 1.51% from the end of the previous year[4] - The company's total current assets as of March 31, 2022, amount to ¥1,664,979,502.30, an increase from ¥1,567,480,487.83 at the end of 2021[24] - Total assets amount to ¥3,512,960,436.56, compared to ¥3,460,677,577.86 at the end of 2021[27] - The total liabilities are reported at ¥694,736,534.59, an increase from ¥623,731,432.66 at the end of 2021[27] - Total liabilities amounted to ¥1,472,786,392.71, an increase from ¥1,417,647,666.76 in the previous period[32] - The company’s total assets reached ¥3,512,960,436.56, up from ¥3,460,677,577.86[32] - The total equity attributable to shareholders was ¥1,929,567,572.44, slightly down from ¥1,930,854,910.48[32] Market Performance - The company operated 53 direct cinemas with a total of 385 screens, generating box office revenue of ¥114,994,400, with a market share of 0.90%[11] - The total number of franchise cinemas under the company's subsidiary was 748, with 4,794 screens, achieving a box office revenue of ¥934,210,100 and a market share of 7.29%[11] - The total box office for the national film market in Q1 2022 was ¥13.979 billion, a year-on-year decrease of 22.74%[11] - The average ticket price in the national film market was ¥45.44, an increase of 6.21% year-on-year[11] Operational Challenges - The company has paused operations in its Shanghai cinemas since March 10, 2022, due to COVID-19 restrictions, impacting its daily operations[11] Cash Flow - In Q1 2022, the cash inflow from operating activities was approximately $476.37 million, a decrease of 33.7% compared to $718.27 million in Q1 2021[39] - The net cash flow from operating activities was $67.86 million, an increase of 10.4% from $61.15 million in the same period last year[39] - The cash inflow from investment activities totaled $101.40 million, significantly higher than $42.27 million in Q1 2021[41] - The net cash flow from investment activities was $91.82 million, a recovery from a negative cash flow of $4.62 million in the previous year[41] - The cash outflow from financing activities was $6.65 million, compared to $11.99 million in Q1 2021, indicating a reduction of 44.4%[41] - The net increase in cash and cash equivalents for the quarter was $153.53 million, up from $54.53 million in Q1 2021[41] - The ending balance of cash and cash equivalents was $720.18 million, down from $1.20 billion at the end of Q1 2021[41] - The company received $500,000 from investment activities, marking a new source of cash inflow[41] - The total cash outflow for purchasing fixed assets and other long-term assets was $9.58 million, a decrease from $37.50 million in the previous year[41] - The company reported a significant decrease in cash paid for employee compensation, totaling $38.17 million compared to $42.10 million in Q1 2021[39] Shareholder Information - The total number of common shareholders at the end of the reporting period is 26,515[15] - The largest shareholder, Shanghai Film (Group) Co., Ltd., holds 310,228,317 shares, accounting for 69.22% of the total shares[15] - The company has no pledged, marked, or frozen shares among the top ten shareholders[15] - The company does not have any related party relationships among the top ten unrestricted shareholders[19] Other Financial Metrics - Deferred income decreased to ¥16,560,294.40 from ¥19,094,917.36[32] - The company reported a financial expense of ¥9,596,417.27, a slight decrease from ¥9,899,312.57 in the previous year[32] - Accounts receivable increased to ¥187,573,339.02 from ¥154,079,803.31 year-over-year[24] - The company’s non-current assets total ¥1,847,980,934.26, down from ¥1,893,197,090.03 at the end of 2021[27]

Group 1: Company Performance and Recovery - In 2021, the company achieved a turnaround from losses to profitability, aided by strict pandemic measures and innovative business practices [3] - The company’s film screening and distribution operations gradually recovered in 2021 compared to the previous year [3] - The company expects to report a profitable 2021 based on its preliminary earnings announcement [3] Group 2: Shanghai Cinema Renovation - Shanghai Cinema temporarily closed for renovation starting February 21, 2022, as part of a significant upgrade [4] - The renovation aims to transform the cinema into a "most beautiful premiere hall" while integrating diverse business models [5] - The upgraded cinema will serve as a cultural landmark, promoting a multi-faceted ecosystem centered around film and arts [5] Group 3: Impact of COVID-19 on Operations - The company’s cinemas in Shanghai were closed from March 11, 2022, due to pandemic restrictions, affecting daily operations [6] - The company is implementing cost-reduction and efficiency measures to mitigate the impact of the pandemic on its business [6] Group 4: Future Expansion and Business Strategy - The cinema terminal assets remain a core part of the company’s strategy, focusing on quality and scale amid industry competition [7] - The company plans to expand its "cinema+" business model, enhancing customer experience and operational efficiency [7] Group 5: Industry Trends and Outlook - The National Film Administration's 14th Five-Year Plan aims for high-quality development in the film industry by 2035 [8] - The film industry is shifting from growth based on the number of cinemas to content-driven development, with quality content being a key driver [8] - The company expresses confidence in the sustainable development of the Chinese film market, supported by improved domestic film production [8]