SXBN(SH:600831)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 611,289,481.43, representing a year-on-year increase of 3.64%[2] - The net profit attributable to shareholders decreased by 32.20% to CNY 11,806,091.01 compared to the same period last year[2] - Basic earnings per share decreased by 32.24% to CNY 0.0166, reflecting the decline in net profit attributable to shareholders[2] - The company's operating profit decreased by 44.56%, mainly due to a decline in revenue from cable television services impacted by the pandemic[4] - Net profit for Q1 2022 was CNY 9,400,355.44, a decrease of 40.5% from CNY 15,824,693.04 in Q1 2021[16] - The profit attributable to shareholders of the parent company for Q1 2022 was CNY 11,806,091.01, down 32.1% from CNY 17,411,903.44 in Q1 2021[16] - Operating profit decreased significantly to ¥3.67 million in Q1 2022, down 66.5% from ¥10.94 million in Q1 2021[25] - Net profit for Q1 2022 was ¥3.62 million, a decline of 65.7% compared to ¥10.56 million in Q1 2021[25] Cash Flow - The net cash flow from operating activities fell by 44.79% to CNY 3,930,756.88, primarily due to a decrease in cash received from sales of goods and services[5] - Cash received from sales of goods and services in Q1 2022 was CNY 369,325,004.48, a decrease of 16.8% from CNY 443,886,683.85 in Q1 2021[18] - Net cash flow from operating activities for Q1 2022 was CNY 3,930,756.88, a decrease of 44.2% compared to CNY 7,119,872.59 in Q1 2021[19] - Total cash inflow from financing activities was CNY 473,365,899.27, while cash outflow was CNY 337,538,624.09, resulting in a net cash flow of CNY 135,827,275.18, down 55.1% from CNY 302,267,689.30 in Q1 2021[20] - Cash flow from operating activities generated a net cash inflow of ¥2.67 million in Q1 2022, down 31% from ¥3.88 million in Q1 2021[27] - Cash flow from financing activities generated a net inflow of ¥135.92 million in Q1 2022, down 55.1% from ¥302.36 million in Q1 2021[27] Assets and Liabilities - Total assets at the end of the reporting period increased by 1.22% to CNY 10,292,014,373.73 compared to the end of the previous year[2] - The company's total assets as of Q1 2022 were CNY 10,292,014,373.73, an increase from CNY 10,168,212,003.77 in the previous year[16] - The total liabilities of the company as of March 31, 2022, were RMB 4,621,417,160.43, compared to RMB 4,494,756,683.79 at the end of 2021, indicating an increase of about 2.82%[13] - Total liabilities as of Q1 2022 were CNY 6,466,320,287.56, an increase from CNY 6,352,035,273.04 in the previous year[16] - The total liabilities increased to CNY 5,984,921,441.19 from CNY 5,880,850,064.33, indicating a rise in financial obligations[23] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 62,011[6] - The largest shareholder, Shaanxi Broadcasting Network Media Group Co., Ltd., holds 29.22% of the shares, totaling 207,590,648 shares[7] - Total equity attributable to shareholders of the parent company was CNY 3,795,003,450.92, up from CNY 3,783,080,359.91 in the previous year[16] - The company's total equity as of March 31, 2022, was CNY 3,538,994,424.88, marginally up from CNY 3,535,254,329.49[23] Government Subsidies and Investments - The company received government subsidies amounting to CNY 3,769,502.72, which are closely related to its normal business operations[4] - The company has fully utilized the funds raised from the issuance of convertible bonds for the "Qinling Cloud" integrated business system project[10] - The company converted RMB 117,000 of its convertible bonds into shares during the reporting period, resulting in the issuance of 17,023 shares[9] - Cumulatively, as of March 31, 2022, RMB 729,252,000 of convertible bonds had been converted into shares, accounting for 91.16% of the total issued convertible bonds[9] Inventory and Receivables - The company reported a significant increase in inventory, which rose to RMB 126,769,945.19 from RMB 120,599,273.43, reflecting a growth of approximately 5.15%[12] - Accounts receivable increased to RMB 1,768,925,117.99 from RMB 1,582,057,789.94, representing a growth of approximately 11.8%[12] - The company reported a decrease in long-term receivables to CNY 276,973,511.10 from CNY 423,076,547.53, reflecting a 34.6% decline[21] Financial Expenses - The company reported a financial expense of CNY 25,012,473.46 in Q1 2022, compared to CNY 23,130,394.31 in Q1 2021[16] - The company reported a significant increase in financial expenses, with interest expenses rising to ¥31.85 million in Q1 2022 from ¥24.18 million in Q1 2021[24] Other Information - The company has not reported any new product launches or significant market expansion strategies during this quarter[29]