Xinhua Media(600825)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥165,820,787.78, representing a decrease of 8.51% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥4,128,322.89, with a significant change from a loss in the previous year[5]. - The company reported a decrease in revenue due to lower sales and reduced interest income compared to the previous year[9]. - In Q1 2023, the company reported a net profit of 4,046,689.54 RMB, a significant improvement compared to a net loss of 1,659,119.56 RMB in Q1 2022[21]. - The company recorded a total comprehensive income of 4,004,140.15 RMB, compared to a loss of 1,983,253.09 RMB in the same quarter last year[22]. - The company reported a significant increase in sales revenue from goods and services, totaling 137,957,573.70 RMB, compared to 73,149,460.21 RMB in Q1 2022[22]. Cash Flow - The net cash flow from operating activities was -¥55,761,580.44, reflecting a decrease of 454.28% compared to the previous year[7]. - The company experienced a net cash outflow from operating activities of 55,761,580.44 RMB, contrasting with a net inflow of 15,739,214.04 RMB in Q1 2022[23]. - Investment activities resulted in a net cash outflow of 112,250,599.90 RMB, compared to a smaller outflow of 28,870,573.07 RMB in the previous year[23]. - The company's cash and cash equivalents at the end of Q1 2023 stood at 959,510,602.96 RMB, a decrease from 862,273,353.85 RMB at the end of Q1 2022[23]. - The cash inflow from operating activities was 248,726,165.51 RMB, a decrease from 625,515,795.93 RMB in Q1 2022[30]. - The company paid 392,788,491.62 RMB in cash for other operating activities, down from 595,883,010.38 RMB in the previous year[30]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,919,070,390.38, a decrease of 1.19% from the end of the previous year[7]. - Total liabilities decreased to ¥1,415,794,699.60 from ¥1,467,101,836.70, reflecting a reduction of 3.5%[16]. - The company's total current assets decreased from CNY 2,182,369,069.85 in Q1 2022 to CNY 2,029,219,412.28 in Q1 2023, a reduction of approximately 7%[25]. - Total liabilities decreased from CNY 2,235,679,201.28 in Q1 2022 to CNY 2,087,400,563.42 in Q1 2023, reflecting a decrease of about 6.63%[26]. - The company's total assets decreased from CNY 4,735,864,789.88 in Q1 2022 to CNY 4,588,352,046.75 in Q1 2023, representing a decline of approximately 3.11%[25]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 41,851[10]. - Shareholders' equity increased to ¥2,503,275,690.78 from ¥2,499,271,550.63, showing a growth of 0.2%[17]. - The company's total equity remained relatively stable, with a slight increase from CNY 2,500,185,588.60 in Q1 2022 to CNY 2,500,951,483.33 in Q1 2023[26]. Operational Costs - Total operating costs for Q1 2023 were ¥185,638,031.67, slightly down from ¥186,183,706.22 in Q1 2022[19]. - Operating costs included ¥109,739,624.19 in operating expenses, down from ¥116,114,404.28 in the previous year, indicating a reduction of 5.5%[19]. - The company reported a net profit margin decline due to increased operating costs, impacting overall profitability[19]. Government Support and Non-Recurring Items - The company received government subsidies amounting to ¥133,057.88 during the reporting period[8]. - The total amount of non-recurring gains and losses was ¥7,847,976.97, primarily due to the increase in the net value of certain fund products and the reversal of bad debt provisions[8]. Future Outlook - Future outlook includes potential market expansion and new product development strategies to enhance revenue streams[19].