Thinkingdom Media (SH:603096)2018-04-27 16:00Financial Performance - Net profit attributable to shareholders rose by 20.03% to CNY 54,916,006.60 year-on-year[6] - Operating revenue grew by 6.31% to CNY 209,541,391.20 compared to the same period last year[6] - Basic earnings per share decreased by 10.87% to CNY 0.41[6] - Diluted earnings per share also fell by 13.04% to CNY 0.40[6] - The weighted average return on equity decreased by 3.12 percentage points to 3.53%[6] - The company reported a net profit margin improvement, with net profit increasing due to higher revenue growth outpacing cost increases[28] - The net profit for Q1 2018 reached CNY 51,274,972.39, representing a growth of 33.73% from CNY 38,359,566.93 in Q1 2017[32] - The company's operating profit for Q1 2018 was CNY 66,005,485.06, up from CNY 49,689,049.51 in Q1 2017, reflecting a growth of 32.83%[32] Assets and Liabilities - Total assets increased by 4.07% to CNY 1,855,751,075.05 compared to the end of the previous year[6] - Total current assets increased to ¥1,717,602,776.35 from ¥1,648,520,525.91 at the beginning of the year[20] - Total non-current assets slightly increased to ¥66,692,561.89 from ¥65,074,327.07 at the beginning of the year[20] - Total liabilities increased to CNY 235,568,430.07 from CNY 225,218,933.75, reflecting a rise of 4.8%[22] - Shareholders' equity totaled CNY 1,620,182,644.98, compared to CNY 1,558,040,844.31, indicating an increase of 4.0%[22] Cash Flow - Net cash flow from operating activities decreased significantly by 736.85% to -CNY 123,006,277.86[6] - Net cash flow from operating activities was -¥123,006,277.86, worsening from -¥14,698,792.96 in the same period last year, mainly due to uncompleted settlements from sales[15] - The net cash flow from operating activities for the parent company was -97,350,753.67 RMB, contrasting with a positive cash flow of 97,275,732.55 RMB in the same period last year, indicating operational challenges[37] - Net cash flow from investing activities improved to ¥24,020,900.79 from -¥348,764,464.30 year-on-year, due to higher amounts redeemed from financial products[15] - The net cash flow from investment activities was 24,020,900.79 RMB, recovering from a negative cash flow of -348,764,464.30 RMB in the previous period, showing improved investment performance[35] Expenses - Sales expenses increased by 47.59% to ¥21,062,278.98, mainly due to increased personnel costs and new store expenses following the acquisition of PAGEONE[14] - Management expenses surged by 134.37% to ¥18,548,991.88, driven by increased stock incentive amortization and rising management costs due to business growth[14] - The company's sales expenses for Q1 2018 were CNY 1,714,579.30, up from CNY 1,503,057.33 in the previous year, indicating increased investment in sales efforts[31] - The management expenses for Q1 2018 were CNY 5,354,667.96, significantly higher than CNY 697,154.32 in Q1 2017, showing a rise in operational costs[31] Shareholder Information - The total number of shareholders reached 4,613 at the end of the reporting period[11] - The largest shareholder, Chen Mingjun, holds 53.16% of the shares, with 1,450,000 shares pledged[11] Investment Performance - Investment income skyrocketed by 990.98% to ¥11,734,558.59, resulting from higher returns on financial product investments[14] - The investment income for Q1 2018 was CNY 11,942,780.56, significantly higher than CNY 1,125,191.74 in the previous year, indicating a substantial increase in investment performance[31] - The company recovered 840,000,000.00 RMB from investments, a notable increase from 8,600,000.00 RMB in the previous period, reflecting a strong recovery in investment returns[38] - The net cash flow from investment activities for the parent company was 58,904,931.52 RMB, a recovery from -258,658,939.73 RMB in the previous period, indicating improved investment management[38] Future Outlook - Future outlook includes plans for market expansion and potential new product launches to drive further revenue growth[28]