GZCBN(SH:600996)2017-04-27 16:00Financial Performance - Operating revenue fell by 20.75% to CNY 404,735,255.80 year-on-year[5] - Net profit attributable to shareholders decreased by 68.56% to CNY 52,054,315.17 compared to the same period last year[5] - Basic and diluted earnings per share decreased by 75.00% to CNY 0.05[5] - Operating profit for Q1 2017 was CNY 42,844,078.75, down 73.16% from CNY 159,596,799.22 in the same period last year[24] - Net profit for Q1 2017 was CNY 51,772,276.62, a decline of 68.75% compared to CNY 165,466,926.48 in Q1 2016[24] - The company's operating revenue for the current period is ¥404,682,105.68, a decrease of 20.77% compared to ¥510,700,249.88 in the previous period[26] - Operating profit has decreased significantly to ¥44,363,294.13, down 72.2% from ¥159,802,278.61 in the previous period[26] - Net profit for the current period is ¥53,290,850.39, compared to ¥165,676,993.01 in the previous period, reflecting a decline of 67.8%[27] Cash Flow - Net cash flow from operating activities dropped significantly by 93.37% to CNY 8,704,595.66[5] - Cash received from operating activities decreased by 22% to CNY 449.80 million, primarily due to a decline in advertising revenue from TV stations[12] - Cash inflow from operating activities totaled ¥487,867,473.35, down 18.86% from ¥601,277,650.15 in the previous period[28] - Cash outflow from operating activities increased to ¥479,162,877.69, compared to ¥469,901,648.25 in the previous period[28] - The net cash flow from operating activities is ¥8,704,595.66, a decrease of 93.36% from ¥131,376,001.90 in the previous period[28] - The company reported a net cash outflow from investing activities of ¥252,759,110.45, compared to a net outflow of ¥149,077,981.34 in the previous period[29] - Cash inflow from financing activities was ¥180,000,000.00, significantly higher than ¥49,600,000.00 in the previous period[29] Assets and Liabilities - Total assets decreased by 3.46% to CNY 6,379,852,295.38 compared to the end of the previous year[5] - Total assets as of March 31, 2017, were CNY 6.38 billion, down from CNY 6.61 billion at the end of 2016[17] - Total liabilities decreased to CNY 2.40 billion from CNY 2.68 billion, with a significant reduction in short-term borrowings[17] - Total liabilities decreased to CNY 2,392,306,429.53 from CNY 2,672,261,054.75 at the start of the year, reflecting a reduction of 10.48%[22] - Current assets totaled CNY 2,366,565,629.66, down 14.14% from CNY 2,756,423,356.71 at the beginning of the year[21] - Cash and cash equivalents decreased to CNY 1,618,554,806.16 from CNY 2,064,261,011.20, a decline of 21.54%[21] Shareholder Information - The total number of shareholders reached 84,665 at the end of the reporting period[9] - The largest shareholder, Guizhou Broadcasting Film and Television Investment Co., Ltd., holds 42.52% of the shares[9] Inventory and Receivables - Inventory increased by 29% to CNY 156.00 million from CNY 121.19 million, attributed to the procurement of set-top boxes and smart cards for the "Household Use" project[12] - Other receivables rose by 36% to CNY 12.95 million from CNY 9.53 million, due to borrowed funds for petty cash[12] - The company’s inventory increased to CNY 155,132,897.62 from CNY 120,552,017.01, representing a growth of 28.73%[21] Government Subsidies and Non-Recurring Items - The company recognized government subsidies of CNY 3,059,456.64 related to normal business operations[7] - The company reported a non-recurring loss of CNY 261,140.35 from the disposal of fixed assets[6]