Hengdian Entertainment (SH:603103)2018-04-16 16:00Financial Performance - Net profit attributable to shareholders increased by 63.75% to CNY 188,662,955.61 year-on-year[6] - Operating income rose by 39.91% to CNY 931,016,740.40 compared to the same period last year[6] - Basic earnings per share increased by 44.83% to CNY 0.42 compared to the previous year[6] - Net profit for Q1 2018 was RMB 188,662,955.61, a 63.75% increase from RMB 115,211,674.16 in Q1 2017, primarily due to revenue growth[13] - Total operating revenue for Q1 2018 reached CNY 931,016,740.40, an increase of 39.9% compared to CNY 665,420,178.62 in the same period last year[23] - Net profit for Q1 2018 was CNY 188,662,955.61, representing a 63.7% increase from CNY 115,211,674.16 in Q1 2017[24] - Basic and diluted earnings per share for Q1 2018 were both CNY 0.42, compared to CNY 0.29 in the same period last year, indicating a 44.8% increase[25] Cash Flow - Net cash flow from operating activities surged by 106.53% to CNY 289,055,063.95 year-on-year[6] - The cash flow from operating activities was RMB 289,055,063.95, a significant increase of 106.53% compared to RMB 139,954,919.11 in the previous year[13] - Operating cash inflow totaled $942,020,999.62, an increase from $650,041,116.30 in the previous year, reflecting a growth of approximately 44.9%[34] - Net cash flow from operating activities was $287,587,837.15, compared to $138,991,603.60 in the same quarter last year, indicating a year-over-year increase of about 106.6%[34] Assets and Liabilities - Total assets increased by 3.78% to CNY 3,162,128,888.83 compared to the end of the previous year[6] - The company's total assets as of March 31, 2018, amounted to RMB 3,162,128,888.83, up from RMB 3,046,995,242.04 at the beginning of the year[16] - Total liabilities decreased to RMB 999,851,145.91 from RMB 1,073,380,454.73, reflecting improved financial health[17] - Total liabilities decreased to CNY 1,100,767,128.30 from CNY 1,148,635,811.74 at the beginning of the year, a reduction of 4.2%[22] - The company's total equity increased to CNY 2,114,192,713.13, up from CNY 1,947,171,482.86, marking an 8.6% rise[22] Inventory and Receivables - The company's inventory increased by 33.82% to RMB 37,994,632.02 from RMB 28,392,904.95, mainly due to an increase in the number of cinemas[12] - Accounts receivable increased to CNY 72,402,884.42 from CNY 66,821,489.62, reflecting an 8.4% growth[20] - Inventory rose to CNY 31,617,123.54, up from CNY 22,863,742.54, representing a significant increase of 38.3%[20] Expenses - Total operating costs for Q1 2018 were CNY 698,540,576.26, up 33.5% from CNY 522,869,199.22 in Q1 2017[24] - Sales expenses for Q1 2018 were ¥12,148,268.09, an increase of 55.2% from ¥7,831,915.96 in Q1 2017[27] - Management expenses rose to ¥14,536,327.54 in Q1 2018, compared to ¥10,019,005.36 in Q1 2017, marking a 45.4% increase[27] Shareholder Information - The total number of shareholders reached 26,372 at the end of the reporting period[9] - The largest shareholder, Hengdian Group Holdings Co., Ltd., holds 80.35% of the shares[9] Government and Other Income - Government subsidies recognized in the current period amounted to CNY 5,494,757.64[8] - Other non-operating income and expenses totaled CNY 551,364.15[10] - The company reported an investment income of RMB 6,683,519.50, a substantial increase of 235.35% from RMB 1,993,017.92, attributed to higher returns from entrusted financial management[13] - The company reported investment income of ¥6,683,519.50 in Q1 2018, significantly higher than ¥1,993,017.92 in Q1 2017[28]