中视传媒(600088) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue increased by 28.27% to CNY 200,263,526.60 year-on-year[5] - Net profit attributable to shareholders was a loss of CNY 13,157,238.76, an improvement from a loss of CNY 32,839,618.66 in the same period last year[5] - Total operating revenue for Q1 2021 was CNY 200,263,526.60, an increase of 28.3% compared to CNY 156,124,203.24 in Q1 2020[27] - Operating profit for Q1 2021 was a loss of CNY 19,093,214.05, an improvement from a loss of CNY 46,487,973.76 in Q1 2020[27] - The company reported a net loss of CNY 19,093,214.05 for Q1 2021, compared to a net loss of CNY 46,487,973.76 in Q1 2020, indicating a narrowing of losses[27] - The net loss for Q1 2021 was CNY -14,599,045.76, compared to a net loss of CNY -35,005,633.12 in Q1 2020, indicating an improvement of about 58.3%[28] - The total comprehensive loss for Q1 2021 was CNY -15,360,645.93, compared to CNY -35,005,633.12 in Q1 2020, showing an improvement of about 56.1%[28] Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of CNY 155,011,826.66, worsening from a net outflow of CNY 73,086,213.75 year-on-year[5] - The company reported cash and cash equivalents at the end of Q1 2021 amounting to CNY 382,490,107.72, down from CNY 449,035,499.11 at the end of Q1 2020, reflecting a decrease of approximately 14.8%[35] - The net cash flow from operating activities for Q1 2021 was -CNY 38,690,806.81, an improvement compared to -CNY 50,846,081.58 in Q1 2020, indicating a reduction in cash outflow by about 23.8%[38] - The cash inflow from operating activities for Q1 2021 was CNY 141,391,988.45, down from CNY 157,651,711.52 in Q1 2020[34] - The total cash outflow from operating activities in Q1 2021 was CNY 71,627,105.25, compared to CNY 64,318,300.18 in Q1 2020, indicating an increase of approximately 11.4%[38] Assets and Liabilities - Total assets decreased by 8.33% to CNY 1,441,725,231.88 compared to the end of the previous year[5] - The total assets of the company as of March 31, 2021, were RMB 1,441,725,231.88, down from RMB 1,572,678,469.56 at the end of 2020[19] - Total liabilities as of March 31, 2021, were CNY 46,343,906.60, a decrease from CNY 82,557,988.11 at the end of 2020[23] - The company’s total equity as of March 31, 2021, was CNY 1,121,404,562.63, down from CNY 1,136,765,208.56 at the end of 2020[20] Inventory and Expenses - Inventory increased by 142.80% compared to the beginning of the period, mainly due to an increase in film and television business inventory[9] - Sales expenses grew by 35.21% year-on-year, attributed to increased advertising and tourism business expenses[10] - Management expenses rose by 41.04% year-on-year, due to increased operational costs across subsidiaries[10] - The company’s inventory increased from RMB 11,395,862.98 to RMB 27,669,046.15 during the reporting period[18] - The company reported a decrease in sales expenses to CNY 3,395,142.62 in Q1 2021 from CNY 2,614,192.35 in Q1 2020, indicating a rise of approximately 29.8%[29] Investment and Income - Investment income decreased by 44.32% year-on-year, due to a decline in the net profit of invested companies[11] - Other income increased by 50.26% year-on-year, mainly from government subsidies and tax reductions[10] - The total revenue from related party transactions amounted to RMB 175,221,151.73, with sales to related parties contributing RMB 74,971,664.88 and purchases totaling RMB 100,249,486.85[12][13] Future Outlook - The company anticipates a cumulative net profit attributable to shareholders of the parent company to show a loss for the year up to the next reporting period[15][16]