广西广电(600936) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue fell by 31.43% to CNY 403,443,420.74 year-on-year[8] - Net profit attributable to shareholders decreased by 120.27%, resulting in a loss of CNY 7,743,316.86[8] - Basic and diluted earnings per share decreased by 66.67% to CNY 0.01[9] - The company reported non-recurring gains of CNY 19,108,631.51 during the period[11] - The company reported a net loss of CNY 31,181,784.80 for Q1 2019, compared to a net profit in Q1 2018, indicating a significant decline in profitability[26] - The net profit for Q1 2019 was CNY 11,365,314.65, down 76.0% from CNY 47,213,137.26 in Q1 2018[28] - The operating profit for Q1 2019 was CNY 8,955,686.87, a decline of 80.9% compared to CNY 46,739,107.93 in Q1 2018[28] - The company's total profit for Q1 2019 was CNY 11,386,899.82, down 76.9% from CNY 47,214,196.60 in Q1 2018[28] Cash Flow - Cash flow from operating activities dropped significantly by 93.07% to CNY 4,631,246.36[8] - Net cash flow from operating activities decreased by 93.07% to ¥66,786,428.06, reflecting a reduction in cash received from sales and services[16] - The cash flow from operating activities in Q1 2019 was CNY 484,990,821.39, a decrease of 13.6% from CNY 561,334,769.42 in Q1 2018[32] - The net cash flow from operating activities for Q1 2019 was 1,028,819.12 RMB, a significant decrease of 98.43% compared to 65,315,026.52 RMB in Q1 2018[36] - Total cash inflow from operating activities was 509,353,579.27 RMB, down 12.26% from 580,775,659.05 RMB in the same period last year[36] Assets and Liabilities - Total assets decreased by 4.56% to CNY 8,070,186,970.03 compared to the end of the previous year[8] - The company's net assets attributable to shareholders increased slightly by 0.20% to CNY 3,701,837,623.16 compared to the end of the previous year[8] - Total liabilities decreased to CNY 4,389,845,584.09 in Q1 2019 from CNY 4,791,132,495.04 at the end of 2018, a reduction of 8.4%[25] - Total assets amounted to ¥8,455,388,897.87, with current assets at ¥2,189,157,674.65 and non-current assets at ¥6,266,231,223.22[41] - Current liabilities totaled ¥2,842,646,358.71, including short-term borrowings of ¥580,000,000.00 and accounts payable of ¥1,162,190,041.56[41] - Non-current liabilities reached ¥1,917,433,862.13, with long-term borrowings at ¥1,606,195,500.00[41] Shareholder Information - The total number of shareholders reached 72,002 by the end of the reporting period[13] - The largest shareholder, Guangxi Television Station, holds 27.81% of the shares[13] Expenses - Financial expenses increased by 133.96% to ¥3,685,076.87 from ¥1,575,075.21, mainly due to higher interest expenses[15] - Research and development expenses increased to CNY 13,748,492.14 in Q1 2019, compared to CNY 11,269,534.99 in Q1 2018, representing a growth of 22.0%[26] Investment Activities - Investment income rose by 50.80% to ¥23,381,064.74 from ¥15,504,855.66, attributed to increased profits from joint ventures[15] - Long-term equity investments increased by 47.70% to ¥69,330,801.36 from ¥46,939,776.82, due to recognized investment income[15] Other Financial Metrics - The weighted average return on net assets decreased by 0.73 percentage points to 0.31%[8] - Cash and cash equivalents decreased by 49.29% to ¥535,949,487.27 from ¥1,056,798,185.22 due to loan principal repayments[15] - Other income increased by 92.45% to ¥16,582,473.34 from ¥8,616,471.11, primarily due to higher government subsidies[15]