CTV Media(SH:600088)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥151,143,412.43, representing a decrease of 24.95% compared to the same period last year[5]. - Total operating revenue for Q1 2023 was ¥151,143,412.43, a decrease of 25% compared to ¥201,388,759.28 in Q1 2022[20]. - Total operating costs for Q1 2023 were ¥152,568,445.31, down 38.3% from ¥247,882,406.91 in Q1 2022[21]. - Net profit for Q1 2023 was ¥2,781,552.49, a significant recovery from a net loss of ¥35,315,345.55 in Q1 2022[22]. - Total comprehensive income for Q1 2023 was ¥2,781,552.49, compared to a loss of ¥35,315,345.55 in Q1 2022[22]. - Basic and diluted earnings per share for Q1 2023 were both ¥0.010, compared to a loss of ¥0.077 per share in Q1 2022[22]. - Other income increased to ¥5,092,326.55 in Q1 2023 from ¥2,329,250.20 in Q1 2022, marking a growth of 118%[21]. - Investment income for Q1 2023 showed a loss of ¥855,313.21, an improvement from a loss of ¥2,125,132.46 in Q1 2022[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,516,925,361.18, a decrease of 2.76% from the previous year-end[5]. - As of March 31, 2023, the company's total assets amounted to RMB 1,516,925,361.18, a decrease from RMB 1,559,966,024.25 as of December 31, 2022, reflecting a decline of approximately 2.8%[15]. - The total liabilities as of March 31, 2023, were RMB 460,183,002.35, down from RMB 514,147,073.38 at the end of 2022, indicating a reduction of about 10.5%[17]. - The company's total equity increased to RMB 1,056,742,358.83 as of March 31, 2023, compared to RMB 1,045,818,950.87 at the end of 2022, representing a growth of approximately 1.6%[17]. - Cash and cash equivalents decreased to RMB 516,731,185.12 from RMB 619,169,735.70, a decline of about 16.5%[15]. - Accounts receivable totaled RMB 125,336,798.31 as of March 31, 2023, down from RMB 144,529,278.32, reflecting a decrease of approximately 13.3%[15]. - The company's deferred tax assets increased to RMB 176,278,214.30 from RMB 148,485,408.26, marking an increase of about 18.7%[16]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 23,518[9]. - The largest shareholder, Central Television Wuxi Taihu Film City Co., Ltd., holds 54.37% of the shares[10]. - The company reported a total of 3,050,000 shares held by major shareholder Xiao Longchang through a credit guarantee account[11]. Operational Insights - The cash flow from operating activities showed a net outflow of -¥104,250,759.06, indicating a significant cash drain[5]. - The company plans to engage in related transactions with its controlling shareholder, the Central Broadcasting Television General Station, as approved in the board meeting[12]. - The company has disclosed ongoing arbitration involving its subsidiary, indicating potential impacts on future operations[12]. - The company is expected to continue its strategic focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[12]. Inventory and Payables - Inventory increased by 228.91% due to a rise in film and television business inventory[7]. - The accounts payable decreased by 43.26% as payments for film and television business payables were made during the period[7]. - The prepayments increased by 90.21%, attributed to a rise in prepayments for tourism business[7]. - The company reported a 118.63% increase in other income, driven by subsidy income and VAT deductions[7].