广西广电(600936) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 365,534,208.62, a decrease of 1.42% year-on-year[6]. - Net profit attributable to shareholders was CNY -87,202,834.24, representing a significant decline of 1,670.36% compared to the same period last year[6]. - Basic and diluted earnings per share were both CNY -0.05, reflecting a decrease of 1,839.51% year-on-year[7]. - The weighted average return on equity decreased by 2.59 percentage points to -2.44%[6]. - The company anticipates a potential net loss for the year due to severe competition in the industry and a decline in traditional business, with new business potentials not yet forming a new economic growth point[19]. - The company reported a net loss of CNY 88,187,477.44 for Q1 2021, indicating a challenging financial environment[31]. - The company's total revenue for Q1 2021 was approximately ¥360 million, a decrease of 2.6% compared to ¥370 million in Q1 2020[34]. - Operating profit for Q1 2021 was a loss of approximately ¥88 million, compared to a profit of ¥5.9 million in Q1 2020, indicating a significant decline[34]. - The net profit for Q1 2021 was a loss of approximately ¥87 million, compared to a profit of ¥7.1 million in Q1 2020, reflecting a substantial downturn[35]. - The total comprehensive income for Q1 2021 was a loss of approximately ¥87 million, compared to a gain of ¥5.6 million in Q1 2020[35]. Cash Flow - The net cash flow from operating activities was CNY -60,659,753.03, a decrease of 438.22% compared to the previous year[6]. - Net cash flow from financing activities increased by 37.44% to ¥562,405,779.83 compared to the same period last year, mainly due to cash received from borrowings[17]. - The company's cash flow from operating activities for Q1 2021 was a net outflow of approximately ¥60.7 million, compared to a net inflow of ¥17.9 million in Q1 2020[39]. - The cash flow from operating activities showed a decrease in cash received from sales of goods and services, totaling 432,295,166.71 RMB in Q1 2021, down from 452,461,320.73 RMB in Q1 2020[43]. - The company’s cash flow from financing activities resulted in a net cash flow of 562,494,543.72 RMB, an increase from 409,209,110.88 RMB in Q1 2020[44]. - Cash received from operating activities totaled approximately ¥480 million in Q1 2021, down from ¥492 million in Q1 2020[39]. - The company experienced a decrease in cash flow from investment activities, with a net outflow of approximately ¥346 million in Q1 2021, compared to a net outflow of ¥263 million in Q1 2020[39]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 10,763,481,491.38, an increase of 3.29% compared to the end of the previous year[6]. - Total liabilities increased to CNY 7,200,934,329.26 from CNY 6,790,901,423.30 year-over-year[29]. - Non-current liabilities totaled CNY 3,850,286,202.01, compared to CNY 3,229,375,836.80 in the previous year[29]. - Total assets as of March 31, 2021, amounted to CNY 10,654,909,714.33, up from CNY 10,331,925,697.18 at the end of 2020[29]. - The company’s total liabilities included short-term borrowings of 430,855,375.20 RMB[47]. - Total liabilities amounted to CNY 6,803,597,460.40, with current liabilities at CNY 3,569,245,982.80[48]. - Non-current liabilities increased, with long-term borrowings rising to ¥3,616,835,500.00 from ¥3,036,335,500.00 at the end of 2020[24]. Shareholder Information - The total number of shareholders at the end of the reporting period was 49,529[12]. - The largest shareholder, Guangxi Broadcasting Television Station, held 27.84% of the shares[12]. - Shareholders' equity reached CNY 3,617,539,614.97, with retained earnings of CNY 624,354,081.93[49]. Expenses - Sales expenses increased by 34.25% to ¥46,861,085.85 compared to the same period last year, primarily due to increased agency fees and business promotion costs[16]. - Financial expenses surged by 102.91% to ¥21,018,369.80 compared to the same period last year, mainly due to increased loan interest[16]. - Other income decreased by 61.29% to ¥5,799,069.28 compared to the same period last year, primarily due to the completion of asset recognition from a project in 2008[16]. - Research and development expenses increased to approximately ¥11.2 million in Q1 2021, up from ¥9.2 million in Q1 2020, showing a focus on innovation despite financial losses[34]. - The company reported a significant increase in interest expenses, amounting to approximately ¥28.4 million in Q1 2021, compared to ¥14.9 million in Q1 2020[34].