广西广电(600936) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was CNY 309,582,122.95, representing a decrease of 15.31% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 135,265,743.92, down 55.12% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 142,728,293.35, a decline of 61.82% compared to the previous year[5]. - Basic and diluted earnings per share were both negative CNY 0.08, a decrease of 61.90% compared to the same period last year[6]. - The weighted average return on equity decreased by 1.79 percentage points to -4.23%[6]. - The decline in net profit was attributed to a significant drop in payment rates from non-residential users in the hotel sector due to the pandemic, along with increased depreciation from newly fixed assets[10]. - The net profit for Q1 2022 was a loss of CNY 136,194,964.64, compared to a loss of CNY 87,048,888.81 in Q1 2021, indicating a worsening performance[32]. Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 7,544,460.17, an increase in outflow of 87.56% year-on-year[5]. - Operating cash flow for Q1 2022 showed a net outflow of CNY 7,544,460.17, an improvement from a net outflow of CNY 60,659,753.03 in Q1 2021[26]. - The company's cash and cash equivalents decreased to RMB 813,641,954.98 as of March 31, 2022, from RMB 1,187,591,616.50 at the end of 2021[16]. - Total cash inflow from operating activities decreased to 388,844,452.88 RMB, down 17.0% from 468,724,798.12 RMB in the same period last year[35]. - Cash outflow from operating activities also decreased to 393,432,510.33 RMB, down 25.5% from 527,866,051.01 RMB in Q1 2021[35]. - The net cash flow from investing activities was -169,414,649.62 RMB, an improvement from -346,184,054.40 RMB in Q1 2021[35]. - Cash inflow from financing activities dropped significantly to 53,000,000.00 RMB, down 92.8% from 734,000,000.00 RMB in Q1 2021[35]. - The net increase in cash and cash equivalents for Q1 2022 was -373,261,721.15 RMB, contrasting with an increase of 157,169,236.43 RMB in Q1 2021[37]. - The ending balance of cash and cash equivalents was 771,663,274.36 RMB, down from 1,118,987,932.86 RMB in Q1 2021[37]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,238,520,446.89, down 3.70% from the end of the previous year[6]. - Shareholders' equity attributable to the parent company was CNY 3,132,549,092.26, a decrease of 4.14% compared to the end of the previous year[6]. - The company's total assets decreased from CNY 10,583,687,901.13 in the previous year to CNY 10,143,061,857.80 in Q1 2022, a decline of approximately 4.2%[29]. - Total liabilities also decreased from CNY 7,363,086,230.46 to CNY 7,058,655,151.77, reflecting a reduction of about 4.1%[29]. - Total liabilities as of March 31, 2022, were RMB 7,105,971,354.63, down from RMB 7,363,910,736.21 at the end of 2021, a decrease of 3.5%[19]. Expenses - Total operating costs for Q1 2022 were RMB 464,408,228.12, down 3.6% from RMB 481,686,167.57 in Q1 2021[22]. - The company reported a decrease in management expenses to RMB 50,964,021.49 in Q1 2022, down from RMB 55,941,137.43 in Q1 2021, a reduction of 8.5%[22]. - R&D expenses for Q1 2022 were CNY 17,221,333.61, an increase from CNY 11,176,510.63 in Q1 2021, reflecting a growth of approximately 54.5%[23]. - The company incurred financial expenses of CNY 21,844,475.54 in Q1 2022, slightly up from CNY 21,018,369.80 in Q1 2021, an increase of 3.9%[23]. - The company's financial expenses increased slightly from CNY 20,965,499.24 to CNY 21,898,780.74, an increase of approximately 4.4%[31]. Non-Recurring Items - The company reported non-recurring gains of CNY 7,462,549.43, primarily from government subsidies[9]. - The company reported a credit impairment loss of CNY -10,574,376.75 in Q1 2022, compared to CNY -101,550.80 in Q1 2021, indicating a significant increase in credit risk[32]. Accounting and Management - The company has adopted new accounting standards starting in 2022, which may affect financial reporting[37]. - The company continues to focus on improving cash flow management and reducing operational costs amid challenging market conditions[35].