北巴传媒(600386) - 2025 Q1 - 季度财报

Key Financial Data Key Accounting Data and Financial Indicators In Q1 2025, operating revenue decreased by 14.09%, net profit attributable to shareholders showed a wider loss, and operating cash flow increased by 5.05%, with total assets declining 4.31% due to accounting standard changes Q1 2025 Key Financial Indicators | Indicator | Current Period | Prior Year Same Period (Adjusted) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 910,926,161.15 | 1,060,315,290.27 | -14.09% | | Net Profit Attributable to Shareholders (RMB) | -8,081,320.77 | -6,514,087.62 | Not Applicable | | Net Cash Flow from Operating Activities (RMB) | 13,832,517.65 | 13,168,123.51 | 5.05% | | Basic Earnings Per Share (RMB/share) | -0.01 | -0.01 | Not Applicable | | Weighted Average Return on Net Assets (%) | -0.46% | -0.37% | Decreased by 0.09 percentage points | | Indicator | End of Current Period | End of Prior Year (Adjusted) | Period-end vs. Period-start Change (%) | | Total Assets (RMB) | 4,403,009,702.67 | 4,601,200,214.63 | -4.31% | | Shareholders' Equity Attributable to Parent Company (RMB) | 1,761,339,076.07 | 1,767,983,051.84 | -0.38% | - Due to new revenue recognition guidance from the Ministry of Finance, the company changed its revenue recognition method for charging operations from the gross method to the net method, with retrospective adjustments to financial data for the reporting period[5] Non-Recurring Gains and Losses Items and Amounts The company's Q1 2025 non-recurring gains and losses totaled RMB 1.64 million, primarily from disposal of non-current assets, government grants, and other non-operating income and expenses Q1 2025 Non-Recurring Gains and Losses Details | Item | Amount (RMB) | | :--- | :--- | | Gains and losses from disposal of non-current assets | 1,125,383.12 | | Government grants recognized in current profit or loss | 532,639.33 | | Other non-operating income and expenses | 788,322.95 | | Less: Income tax impact | 408,843.20 | | Less: Impact on minority interests (after tax) | 400,057.36 | | Total | 1,637,444.84 | Shareholder Information Total Number of Common Shareholders, Number of Preferred Shareholders with Restored Voting Rights, and Shareholdings of Top Ten Shareholders As of the end of the reporting period, the company had 27,658 common shareholders, with Beijing Public Transport Holdings (Group) Co., Ltd. being the largest shareholder, holding 55.00% of the shares - As of the end of the reporting period, the company had 27,658 common shareholders[9] - The largest shareholder, Beijing Public Transport Holdings (Group) Co., Ltd., held 443,520,000 shares, accounting for 55.00% of the total share capital, with no associated relationships with other top ten shareholders[9][10] Quarterly Financial Statements Financial Statements - Consolidated Balance Sheet As of March 31, 2025, total assets were RMB 4.40 billion, a 4.31% decrease from the beginning of the year, while total liabilities were RMB 2.47 billion, a 6.91% decrease, and equity attributable to the parent company slightly decreased by 0.38% Balance Sheet Major Item Changes | Item | March 31, 2025 (RMB) | December 31, 2024 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 4,403,009,702.67 | 4,601,200,214.63 | -4.31% | | Cash and Cash Equivalents | 819,855,581.09 | 975,123,886.85 | -15.92% | | Accounts Receivable | 335,906,273.03 | 289,094,655.21 | 16.19% | | Total Liabilities | 2,468,759,404.45 | 2,652,153,901.80 | -6.91% | | Short-term Borrowings | 502,978,390.98 | 490,909,790.85 | 2.46% | | Long-term Borrowings | 691,692,778.67 | 724,799,319.10 | -4.57% | | Total Equity Attributable to Parent Company | 1,761,339,076.07 | 1,767,983,051.84 | -0.38% | Financial Statements - Consolidated Income Statement In Q1 2025, operating revenue reached RMB 911 million, a 14.09% year-on-year decrease, while total operating costs decreased by 11.76%, leading to an operating loss of RMB 9.47 million and a net loss attributable to parent company shareholders of RMB 8.08 million Income Statement Major Item Changes | Item | Q1 2025 (RMB) | Q1 2024 (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 910,926,161.15 | 1,060,315,290.27 | -14.09% | | Total Operating Costs | 923,029,149.92 | 1,046,041,406.17 | -11.76% | | Operating Profit | -9,467,726.69 | 5,470,089.44 | Turned from profit to loss | | Total Profit | -8,684,766.47 | 6,068,107.08 | Turned from profit to loss | | Net Profit Attributable to Parent Company Shareholders | -8,081,320.77 | -6,514,087.62 | Loss widened | - Various expenses decreased, with selling expenses down 21.42%, administrative expenses down 14.68%, and financial expenses down 17.26% year-on-year[17] Financial Statements - Consolidated Cash Flow Statement In Q1 2025, net cash flow from operating activities increased by 5.05% to RMB 13.83 million, while net cash outflow from investing activities significantly decreased, and net cash outflow from financing activities increased to RMB 138 million, resulting in a net decrease of RMB 142 million in cash and cash equivalents Cash Flow Statement Major Items | Item | Q1 2025 (RMB) | Q1 2024 (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 13,832,517.65 | 13,168,123.51 | | Net Cash Flow from Investing Activities | -17,376,937.05 | -63,223,271.48 | | Net Cash Flow from Financing Activities | -138,013,949.51 | -84,346,219.20 | | Net Increase/Decrease in Cash and Cash Equivalents | -141,558,368.91 | -134,401,367.17 | - Cash outflow from investing activities significantly decreased, primarily due to RMB 21.78 million paid for the acquisition of fixed assets, intangible assets, and other long-term assets, substantially lower than RMB 67.20 million in the prior year[23] - Cash outflow from financing activities increased, mainly because RMB 358 million was paid for debt repayment, while RMB 309 million was received from borrowings, alongside a substantial amount of other cash payments related to financing activities[23]