B-Ray Media(SH:600880)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥135,140,531.36, representing a 21.45% increase compared to ¥109,254,066.52 in the same period last year[6]. - The net profit attributable to shareholders was ¥9,091,473.58, a decrease of 9.88% from ¥9,517,232.31 in the previous year[6]. - The total profit for the period was ¥15,308,949.48, reflecting a 34.67% increase from ¥11,367,576.60 in the same period last year[6]. - Total revenue for Q1 2023 was CNY 143,935,914.42, an increase of 16.7% compared to CNY 123,398,255.78 in Q1 2022[20]. - Operating income for Q1 2023 was CNY 135,140,531.36, up from CNY 111,273,410.34 in the same period last year, reflecting a growth of 21.5%[20]. - Net profit for Q1 2023 reached CNY 11,133,252.84, a significant increase of 66.5% from CNY 6,701,035.16 in Q1 2022[21]. - The company reported a significant increase in operating profit to CNY 15,094,241.40, up from CNY 11,348,075.72 in the previous year, representing a growth of 32.4%[21]. - The total operating costs for Q1 2023 were CNY 118,312,879.52, slightly higher than CNY 116,398,045.69 in Q1 2022, indicating a marginal increase of 1.6%[20]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥121,541,710.76, a significant decline of 529.68% compared to -¥14,934,834.61 in the previous year[6]. - The company's cash and cash equivalents decreased to RMB 509,212,042.74 from RMB 643,939,838.47, representing a decline of approximately 20.9%[16]. - The cash flow from operating activities totaled $111,574,532.67, compared to $148,653,636.52 in the same quarter last year, indicating a decline of 25%[24]. - The net cash outflow from operating activities was -$121,541,710.76, worsening from -$19,302,014.41 in the same period last year[25]. - The ending cash and cash equivalents balance was $506,142,047.20, down from $530,242,892.81 at the end of Q1 2022[27]. - The total cash outflow from investing activities was $10,442,999.86, significantly reduced from $52,467,022.94 in Q1 2022[25]. - The net cash flow from financing activities was -$954,298.06, a decline from a positive cash flow of $25,244,735.75 in Q1 2022[27]. Assets and Liabilities - The total assets at the end of the period were ¥3,861,486,501.39, showing a slight decrease of 0.02% from the previous year[6]. - As of March 31, 2023, the company's total assets amounted to RMB 3,861,486,501.39, a slight decrease from RMB 3,862,192,062.31 at the end of 2022[16]. - The total liabilities decreased to CNY 644,698,091.76 from CNY 656,536,905.52, indicating a reduction of approximately 1.3%[19]. - The total liabilities of the company were not explicitly stated but can be inferred from the balance sheet[15]. Shareholder and Equity Information - The equity attributable to shareholders was ¥3,018,423,828.28, which increased by 0.3% from ¥3,009,332,354.70 at the end of the previous year[6]. - The total equity attributable to shareholders of the parent company increased to CNY 3,018,423,828.28 from CNY 3,009,332,354.70, reflecting a growth of 0.3%[19]. - The company reported a total of 1,140,000 shares held by shareholder Wang Linbing through a regular securities account, and 6,200,296 shares through a margin account[14]. - The company has a significant shareholder structure, with Chengdu Borui Investment Holding Group Co., Ltd. holding 95% of the shares, making Chengdu Media Group a concerted actor[13]. Strategic Developments - The company completed the acquisition of 76% equity in Hongxing Wisdom, which is expected to enhance its market position and operational capabilities[6]. - The company is focused on maintaining its market position and exploring new strategies for growth, although specific future outlooks were not detailed in the provided content[15]. Research and Development - Research and development expenses rose to CNY 12,841,091.08, compared to CNY 7,716,639.89 in the previous year, marking a 66.5% increase[20]. Earnings and Returns - The basic earnings per share remained at ¥0.01, unchanged from the previous year[6]. - The weighted average return on net assets was 0.30%, a decrease of 0.06 percentage points from 0.33% in the previous year[6]. - Earnings per share remained stable at CNY 0.01 for both basic and diluted earnings per share[22].