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光线传媒(300251) - 2014 Q1 - 季度财报
Enlight MediaEnlight Media(SZ:300251)2014-04-14 16:00

Financial Performance - Total revenue for Q1 2014 was ¥128,454,032.60, a decrease of 39.3% compared to ¥211,624,636.92 in the same period last year[7]. - Net profit attributable to ordinary shareholders was ¥27,448,496.32, down 66.64% from ¥82,272,628.82 year-on-year[7]. - Basic earnings per share decreased by 68.75% to ¥0.05 from ¥0.16 in the same period last year[7]. - Gross profit for Q1 2014 was CNY 50.54 million, resulting in a gross margin of 39.34%, down from 56.27% in the same period last year[22]. - Film revenue decreased to CNY 72.03 million in Q1 2014, down from CNY 143.73 million in Q1 2013, reflecting a decline of 50.05%[22]. - The company reported a net profit of CNY 10.03 million for Q1 2014, a significant decrease of 66.64% compared to the previous year[22]. - The company achieved operating revenue of 128.45 million RMB, a decrease of 39.3% compared to the same period last year[25]. - The net profit attributable to shareholders was 27.45 million RMB, down 66.64% year-on-year[25]. - The company’s operating income from production and advertising decreased significantly, impacting overall profitability[22]. Cash Flow and Liquidity - Net cash flow from operating activities was -¥35,746,029.04, a decline of 117.27% compared to ¥206,931,887.63 in the previous year[7]. - The company’s cash flow from operating activities decreased by approximately 83.0% from 365,828,643.21 RMB to 99,202,326.99 RMB year-over-year[65]. - Total cash inflow from operating activities was 99,202,326.99 RMB, while cash outflow was 134,948,356.03 RMB, resulting in a net cash outflow of 35,746,029.04 RMB[65]. - The cash and cash equivalents at the end of Q1 2014 were 588,298,251.34 RMB, down from 787,682,822.10 RMB at the end of the previous year, representing a decrease of approximately 25.3%[66]. - The company paid 21,740,939.09 RMB in taxes during the quarter, compared to 48,831,401.98 RMB in the previous year, reflecting a decrease of approximately 55.5%[65]. Assets and Liabilities - Total assets increased by 8.65% to ¥2,814,859,106.57 from ¥2,590,643,886.38 at the end of the previous year[7]. - The total liabilities of the company at the end of the reporting period were CNY 567,700,084.99, up from CNY 371,263,845.48, indicating an increase of approximately 53.0%[52]. - The company's equity attributable to shareholders rose to CNY 2,247,159,021.58 from CNY 2,219,380,040.90, showing a slight increase of about 1.3%[52]. - Accounts receivable increased significantly to CNY 555,263,235.42 from CNY 317,788,208.21, representing a growth of about 74.5%[50]. Market Risks and Competition - The company faces significant risks related to regulatory changes in the broadcasting and film industry, which could impact its operations[10]. - The company is exposed to market risks associated with the sales of cultural products, which require continuous innovation and may not always meet market demand[10]. - The company faces risks from intensified market competition as private production companies emerge, potentially affecting its market share in the film industry[12]. - The prevalence of piracy continues to pose a significant risk to the company's revenue from both films and TV dramas, despite government efforts to combat it[13]. - Seasonal fluctuations affect advertising sales, with the first quarter typically being a slow period for ad revenue[14]. Shareholder Information - As of the end of the reporting period, the total number of shareholders was 34,228, with the top 10 shareholders holding a combined 54.05% of shares[15]. - Shanghai Light Media Holdings Co., Ltd. is the largest shareholder, holding 54.05% of the company's shares[16]. - The company has a diverse shareholder base, including both natural persons and institutional investors, which may provide stability[16]. Investment and Future Plans - The company plans to release several new films in the second quarter, including "You Are the Apple of My Eye" and "Breakup Master"[33]. - The company has invested in the production of the TV drama "Warriors" and is in discussions for further projects, with no significant changes to the annual operational plan[32]. - The company aims to enhance its strategic cooperation with Huanrui Century and enter the gaming industry through investments in Tian Shen Interactive[42]. - The company has implemented various investment plans using raised funds, including 2 billion CNY for television dramas and 1 billion CNY for its wholly-owned subsidiary[43]. Compliance and Legal Matters - The company has committed to avoid any direct or indirect competition with its business activities, ensuring compliance with the commitment made on February 26, 2010[38]. - The company is involved in a legal case regarding unfair competition and copyright infringement initiated by Wuhan Huaki Film and Television Production Co., Ltd.[44].