长江传媒(600757) - 2024 Q1 - 季度财报

Financial Performance - The total operating revenue for Q1 2024 was CNY 1,921,635,043.58, representing a decrease of 4.99% compared to Q1 2023's CNY 2,022,658,981.00[10] - The net profit attributable to shareholders for Q1 2024 was CNY 262,005,857.30, down 32.09% from the previous year[10] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 254,190,245.83, a decrease of 32.54% year-on-year[10] - Basic and diluted earnings per share for Q1 2024 were both CNY 0.22, down 31.25% year-on-year[10] - The total profit for the first quarter of 2024 is approximately ¥354.27 million, a decrease of 8.2% compared to ¥385.68 million in the same period of 2023[45] - The net profit attributable to shareholders of the parent company is approximately ¥262.01 million, down 31.9% from ¥385.81 million year-over-year[45] - The basic and diluted earnings per share for the first quarter are both ¥0.22, compared to ¥0.32 in the same quarter of the previous year[45] Cash Flow - The net cash flow from operating activities was negative CNY 188,214,519.70, reflecting a decline of 196.10% compared to the same period last year[10] - Cash inflows from operating activities totaled approximately ¥1.20 billion, a decrease of 28.0% from ¥1.67 billion in the first quarter of 2023[47] - The net cash flow from operating activities is negative at approximately -¥188.21 million, contrasting with a positive cash flow of ¥195.85 million in the same period last year[47] - Cash outflows from operating activities amounted to approximately ¥1.39 billion, down 5.5% from ¥1.47 billion in the first quarter of 2023[47] - The net cash flow from investing activities was CNY -2,358,386.07, compared to CNY -161,713,303.46 in the previous period, indicating a significant improvement[43] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 13,573,422,737.31, an increase of 2.56% from the end of the previous year[29] - Current liabilities rose to CNY 4,030,292,853.02, compared to CNY 3,983,847,847.98, indicating an increase of approximately 1.46%[37] - The company's total liabilities amounted to CNY 4,202,931,307.53, up from CNY 4,123,916,651.39, which is an increase of around 1.91%[37] - Total current assets as of March 31, 2024, amounted to approximately 6.71 billion RMB, up from 6.43 billion RMB at the end of 2023[35] - Non-current assets totaled CNY 6,867,056,166.39, an increase from CNY 6,800,122,661.30, reflecting a growth of about 0.98%[37] Shareholder Equity - Equity attributable to shareholders increased by 2.89% to CNY 9,328,489,656.46 compared to the end of the previous year[29] - Shareholders' equity reached CNY 9,370,491,429.78, compared to CNY 9,110,366,061.66, marking an increase of about 2.86%[37] Tax and Expenses - Net profit attributable to shareholders decreased by 32.09% due to adjustments in corporate income tax policies[32] - The company reported a 242.01% increase in taxes payable, attributed to the new tax policy[32] - Financial expenses rose by 78.69% due to increased interest income from higher bank deposits[33] - The company reported a decrease in research and development expenses to CNY 2,216,312.13 from CNY 2,673,699.40 in the previous year[25] Other Financial Metrics - The weighted average return on equity decreased by 1.62 percentage points to 2.85%[10] - Accounts receivable increased by 59.29%, with 242 million RMB in government procurement funds for spring textbooks yet to be fully collected[32] - The company experienced a 362.66% increase in cash paid for acquiring fixed assets and other long-term assets[33] - The company reported a decrease in contract liabilities from CNY 1,024,210,969.17 to CNY 802,778,269.59, a reduction of approximately 21.6%[37] - The company’s fixed assets decreased from CNY 1,124,178,595.16 to CNY 1,115,381,147.11, a decline of approximately 0.7%[36] - The company has seen a slight increase in employee compensation payments, totaling approximately ¥327.84 million, compared to ¥323.46 million in the same period last year[47]