CTV Media(SH:600088)2016-04-27 16:00Financial Performance - Operating revenue for the period was CNY 91,295,660.27, a decline of 5.64% year-on-year[7] - Net profit attributable to shareholders was CNY -9,087,559.23, representing a decrease of 199.77% compared to the same period last year[7] - Basic earnings per share were CNY -0.027, a drop of 200.00% from CNY 0.027 in the previous year[7] - Total operating revenue for Q1 2016 was CNY 91,295,660.27, a decrease of 5.1% from CNY 96,756,716.73 in the same period last year[35] - Net profit for Q1 2016 was a loss of CNY 12,290,076.42, compared to a profit of CNY 8,814,217.59 in Q1 2015[36] - The net profit for the current period was ¥14,789,523.61, representing a 52.5% increase from ¥9,678,137.74 in the previous period[39] - The operating profit increased to ¥19,833,773.86, up by 53.6% from ¥12,904,651.64 in the previous period[38] - The total comprehensive income for the current period was ¥14,789,523.61, compared to ¥9,678,137.74 in the previous period, reflecting a growth of 52.5%[39] Cash Flow and Assets - The net cash flow from operating activities improved to CNY -24,252,929.90 from CNY -84,209,571.66 year-on-year, indicating a significant reduction in cash outflow[7] - The company's cash and cash equivalents at the end of the reporting period were ¥361,753,677.55, a decrease of 41.38% compared to the beginning of the period, primarily due to the purchase of bank wealth management products[14] - Cash and cash equivalents decreased to CNY 340,833,301.77 from CNY 353,973,258.19 at the beginning of the year[31] - The company experienced a net decrease in cash and cash equivalents of -¥255,327,285.38, compared to -¥84,736,603.81 in the previous period[42] - The net cash flow from investing activities was -¥231,074,355.48, an increase of 43,744.45% year-on-year, primarily due to increased purchases of bank wealth management products[17] - The company reported cash outflows from investing activities of -¥231,115,865.48, significantly higher than -¥527,032.15 in the previous period[43] Shareholder Information - The total number of shareholders at the end of the reporting period was 23,253[12] - The largest shareholder, Central Television Wuxi Taihu Film and Television City, held 54.37% of the shares[12] Changes in Assets and Liabilities - Total assets decreased by 4.39% to CNY 1,406,329,779.15 compared to the end of the previous year[7] - The company's total assets decreased to CNY 1,055,239,084.28 from CNY 1,074,429,445.54 at the beginning of the year[32] - Total liabilities amounted to CNY 65,107,699.49, down from CNY 99,087,584.36 at the start of the year[32] - The equity attributable to shareholders of the parent company was CNY 990,131,384.79, an increase from CNY 975,341,861.18 at the beginning of the year[33] Operating Costs and Expenses - Operating costs for the reporting period were ¥93,238,483.92, an increase of 34.47% year-on-year, due to a change in the advertising business model from agency to contracting[14] - Total operating costs increased to CNY 107,575,763.20, up 26.7% from CNY 85,003,958.63 in the previous year[35] - Asset impairment losses were ¥3,614,945.76, an increase of 61.46% year-on-year, due to provisions for bad debts[16] Government Support and Non-Recurring Items - Government subsidies recognized in the current period amounted to CNY 3,148,000.00[9] - Non-recurring gains and losses totaled CNY -81,160.72 for the period[10] Future Outlook - The company expects a cumulative net profit loss for the year up to the next reporting period[23] - The advertising business model change is expected to significantly impact overall business performance due to slower revenue growth[22]