CIH(SH:600715)2020-04-28 16:00Financial Performance - Operating revenue fell by 76.37% to CNY 114,132,203.77 from CNY 482,945,348.06 year-on-year[5] - Net profit attributable to shareholders was a loss of CNY 169,938,686.40, a decrease of 4,137.60% compared to a profit of CNY 4,208,905.70 in the same period last year[5] - Basic earnings per share dropped to -0.091 from 0.002, representing a decline of 4,650.00%[7] - The company reported a net loss of CNY 571,228,818.62 in Q1 2020, compared to a net loss of CNY 401,814,643.24 in the previous quarter[28] - Net profit for Q1 2020 was a loss of CNY 175,170,948.64, compared to a profit of CNY 2,604,100.31 in Q1 2019, indicating a decline of over 6,800%[34] - Operating profit for Q1 2020 was a loss of CNY 173,344,940.31, contrasting with a profit of CNY 10,303,052.21 in Q1 2019[33] - Total comprehensive income for Q1 2020 was a loss of CNY 175,170,948.64, compared to a gain of CNY 2,604,100.31 in Q1 2019[34] Cash Flow - The net cash flow from operating activities was CNY 15,641,284.26, a significant improvement from a negative cash flow of CNY 64,179,148.81 in the previous year[5] - In Q1 2020, the net cash flow from operating activities was CNY 15,641,284.26, compared to a negative CNY 64,179,148.81 in Q1 2019[40] - The net cash flow from investing activities was CNY 30,938,591.02, a significant improvement from a negative CNY 146,654,018.95 in Q1 2019[40] - Net cash flow from financing activities for Q1 2020 was negative CNY 148,509,237.46, compared to positive CNY 267,955,007.50 in Q1 2019[40] - The company reported a net increase in cash and cash equivalents of negative CNY 100,069,686.13 for Q1 2020, compared to an increase of CNY 57,179,361.65 in Q1 2019[40] Assets and Liabilities - Total assets decreased by 3.05% to CNY 10,705,524,781.87 compared to the end of the previous year[5] - The company's total assets included trading financial assets of RMB 1.08 billion, which decreased by 18.37% from the beginning of the year due to the early termination of a trust investment[17] - Total liabilities decreased to CNY 3,454,160,705.31 from CNY 3,425,215,395.89, indicating a slight increase of about 0.8%[31] - The company's total equity as of March 31, 2020, was CNY 7,173,849,910.22, down from CNY 7,218,160,453.20, reflecting a decrease of approximately 0.6%[31] - The total non-current liabilities were CNY 1,593,780,909.06, slightly up from CNY 1,593,013,220.04, reflecting an increase of about 0.05%[31] Shareholder Information - The total number of shareholders at the end of the reporting period was 28,917[12] - The largest shareholder, Beijing Cultural Investment Holdings Co., Ltd., held 20.35% of the shares, amounting to 377,389,466 shares[12] - The second-largest shareholder, Yaolai Cultural Industry Co., Ltd., held 16.35% of the shares, amounting to 303,298,800 shares[12] Investment Activities - The company participated in a share transfer agreement to acquire 60,000,000 shares of Wanda Film at a price of ¥51.96 per share, indicating strategic investment in the film industry[18] - The company has committed to invest up to ¥1.2 billion in a trust plan to acquire shares of Wanda Film, demonstrating ongoing investment strategies[19] - The company successfully acquired state-owned land use rights for ¥842 million, indicating expansion in real estate holdings[20] - The company has completed the purchase of 75% equity in Guidedraw Limited for approximately ¥886.79 million, reflecting its strategy to diversify investments[22] Operational Performance - The company's cinema operations generated a box office revenue of RMB 30 million with 861,609 attendees, accounting for 1.34% of the national box office during the same period[14] - The gaming business reported revenue of RMB 54.30 million, a decline of 51.85% from RMB 112.77 million in the previous year, with a significant drop in marketing expenses by 87.00%[14] - The total registered users for the game "Attack on the Three Kingdoms" reached 2.97 million, with 136,000 paying users and a recharge amount of RMB 206.69 million, resulting in an ARPU of RMB 149.67[15] - The company operated 118 cinemas with 881 screens as of the end of the reporting period[14] Financial Ratios - The weighted average return on equity decreased by 2.73 percentage points to -2.68%[5] - Financial expenses increased by 50.76% to RMB 37.85 million, mainly due to increased borrowing costs from the parent company[17] - Research and development expenses for Q1 2020 totaled CNY 13,065,591.62, down from CNY 18,427,860.37 in Q1 2019, a decrease of approximately 29%[33]