TOPWAY(002238)2024-04-28 07:38Financial Performance - The net profit attributable to shareholders of the parent company for Q1 2024 was CNY 2,466,770, a decrease of 86.84% compared to CNY 18,740,769.78 in the same period last year[8]. - Total operating revenue for Q1 2024 was ¥268,604,498.11, a decrease of 8.70% compared to ¥294,191,097.35 in the same period last year[40]. - The net profit for the current period is CNY 988,388.19, compared to CNY 16,087,836.81 in the previous period[58]. - The company reported a net loss of ¥9,422,679.75 after deducting non-recurring gains and losses, compared to a net profit of ¥9,870,778.32 in Q1 2023[40]. - Basic earnings per share for Q1 2024 were ¥0.0031, down 86.75% from ¥0.0234 in the same period last year[40]. Income and Expenses - The company's income tax expense for Q1 2024 was CNY 1,480,873.65, an increase of 970.78% compared to CNY 138,298.92 in the same period last year[8]. - The company's total operating costs for Q1 2024 were ¥277,704,622.14, compared to ¥284,996,641.39 in the same period last year[34]. - The company's financial expenses for Q1 2024 included interest expenses of ¥3,115,459.05, compared to ¥1,447,434.95 in the previous year[34]. - The company's other income increased by 37.61%, amounting to CNY 12,098,284.66, mainly due to the increase in deferred income and program introduction subsidies[8]. Assets and Liabilities - The company's total assets at the end of Q1 2024 were ¥4,314,641,858.01, a decrease of 0.92% from ¥4,354,613,309.49 at the end of the previous year[40]. - The company's total liabilities decreased from CNY 1,947,402,342.56 to CNY 1,906,442,502.89, a reduction of about 2.1%[55]. - The company's cash and cash equivalents declined from CNY 988,586,703.28 to CNY 795,470,324.80, representing a decrease of about 19.5%[54]. - The company's total liabilities decreased by 39.51% in accounts payable, amounting to CNY 12,861,373.99, primarily due to the payment of matured bills[8]. Cash Flow - The net cash flow from operating activities for Q1 2024 was ¥16,550,316.84, a slight decrease of 2.25% from ¥16,930,605.98 in Q1 2023[40]. - The company's cash flow from financing activities showed a substantial increase of 735.98%, reaching CNY 63,787,714.30, mainly due to the payment of discounted bills[8]. - The net cash flow from financing activities is CNY 30,821,993.61, a decrease from CNY 122,375,774.73 in the previous period[67]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 61,990[21]. - The largest shareholder, Shenzhen Broadcasting Film and Television Group, holds 57.77% of shares, totaling 463,662,061 shares[21]. - The second-largest shareholder, China Telecom Corporation, holds 7.88% of shares, totaling 63,273,600 shares[21]. - The company has seen changes in its top 10 shareholders, with new entries including 温瑜, 谭广照, 申可民, and 深圳市中金联合实业开发有限公司[23]. Investments and Future Plans - The company plans to use idle funds for cash management, with a maximum amount not exceeding RMB 1.5 billion[28]. - The company plans to apply for a comprehensive credit facility of up to CNY 2 billion to support its operations and projects[51]. - The company will register a new entity, "Fulong (Shenzhen) Hotel Management Co., Ltd." to operate the hotel in Shenzhen[26]. - The company has initiated a strategy to lease out its properties to enhance asset value and generate benefits[47].