CFC(SH:600977)2021-04-28 16:00Financial Performance - Net profit attributable to shareholders reached CNY 143.51 million, a significant turnaround from a loss of CNY 227.18 million in the previous year, representing a 163.17% increase[6] - Operating revenue surged by 387.18% year-on-year to CNY 1.26 billion[6] - Basic earnings per share increased to CNY 0.077 from a loss of CNY 0.122, marking a 163.11% improvement[6] - The company reported a non-recurring gain of CNY 47.72 million for the period[7] - Net profit for Q1 2021 was ¥167,838,705.93, compared to a net loss of ¥291,970,875.00 in Q1 2020, marking a turnaround in profitability[31] - The total comprehensive income for Q1 2021 was approximately ¥57 million, compared to ¥14 million in Q1 2020, indicating a growth of 306.5%[35] Cash Flow - Net cash flow from operating activities improved by 389.63% to CNY 1.63 billion, compared to a negative cash flow in the same period last year[6] - The cash flow from operating activities was approximately ¥1.63 billion in Q1 2021, a turnaround from a negative cash flow of ¥562 million in Q1 2020[37] - The company generated cash inflows from operating activities totaling approximately ¥3.22 billion in Q1 2021, compared to ¥801 million in Q1 2020, reflecting a growth of 302.5%[37] - The investment activities resulted in a net cash outflow of approximately ¥818 million in Q1 2021, compared to a net outflow of ¥539 million in Q1 2020[38] Assets and Liabilities - Total assets increased by 28.31% year-on-year to CNY 21.57 billion[6] - The total liabilities of the company were CNY 9.94 billion, compared to CNY 5.34 billion in the previous year, which is an increase of approximately 86.5%[26] - The company's current assets reached CNY 14.06 billion, up from CNY 11.46 billion year-on-year, indicating a growth of about 22.4%[24] - The total liabilities amounted to CNY 5,339,247,905.72, a significant increase from CNY 2,251,373,402.44 in the previous period[43] - The total equity attributable to shareholders reached CNY 10,861,601,642.83, reflecting stability in shareholder value[43] Market and Operations - The company produced and released 3 films, achieving a total box office of 10.164 billion RMB, accounting for 61.51% of the total domestic box office[10] - The company participated in the distribution of 127 domestic films, generating a total box office of 14.075 billion RMB, which is 93.18% of the domestic film box office during the same period[11] - The company opened 3 new cinemas, increasing the total number of cinemas to 142 and the number of screens to 1,062[11] - The company’s cloud platform covered 9,933 cinemas with a total of 12.2093 million registered members[14] Research and Development - The company’s R&D expenses increased by 57.52% to approximately 7.636 million RMB compared to the previous year[17] - Research and development expenses for Q1 2021 were ¥7,636,037.24, compared to ¥4,847,687.58 in Q1 2020, indicating an increase of about 57.5%[30] Shareholder Information - The total number of shareholders at the end of the reporting period was 90,922[8] - The largest shareholder, China Film Group Corporation, holds 67.36% of the shares[8] Government Support - The company received government subsidies amounting to CNY 23.23 million, which are closely related to its normal business operations[7] Accounting and Financial Standards - The company has implemented new leasing standards starting from 2021, which may impact future financial reporting and asset valuations[41] - The financial statements will reflect the cumulative impact of the new leasing standards without restating the comparable data for 2020[47] - The new accounting policy aims to objectively and fairly represent the company's financial position and operating results[47]