SFC(SH:601595)2020-04-24 16:00Financial Performance - Operating revenue fell by 83.93% to CNY 45,770,175.90 year-on-year[14] - Net profit attributable to shareholders was CNY -70,898,879.17, a decrease of 253.62% compared to the same period last year[14] - Net cash flow from operating activities was CNY -69,964,478.39, a decline of 1,727.06% year-on-year[14] - Basic earnings per share were CNY -0.19, down 258.33% from CNY 0.12 in the previous year[14] - The company reported a significant decline in both revenue and profit due to the impact of external factors[14] - The company's revenue for the reporting period was 45.77 million RMB, down 83.93% compared to the previous period due to the impact of the pandemic[28] - The company's net profit for the reporting period was -80.81 million RMB, a decrease of 276.33% year-on-year, primarily due to the pandemic's impact on revenue[28] - The company reported a significant decrease in sales and management expenses, with sales expenses at CNY 1,372,506.45 and management expenses at CNY 17,131,677.22 for Q1 2020[51] - The company experienced a financial loss from investments amounting to CNY -4,212,603.34 in Q1 2020, compared to a profit of CNY 4,918,258.64 in Q1 2019[51] - Net profit for Q1 2020 was a loss of CNY 80,809,907.16, compared to a net profit of CNY 45,827,880.88 in Q1 2019[51] - The total comprehensive income for Q1 2020 was a loss of CNY 80,809,907.16, compared to a comprehensive income of CNY 45,827,880.88 in Q1 2019[53] Assets and Liabilities - Total assets decreased by 5.03% to CNY 3,415,097,099.99 compared to the end of the previous year[14] - Total liabilities decreased from $1,063,981,530.02 to $964,002,914.24, a decline of around 9.4%[40] - Shareholders' equity decreased from $2,531,904,092.91 to $2,451,094,185.75, a reduction of about 3.2%[40] - Cash and cash equivalents decreased from $1,560,234,604.38 to $1,481,063,555.00, a decline of approximately 5.06%[44] - Current liabilities decreased from $925,589,789.74 to $830,187,262.10, a reduction of about 10.3%[40] - Non-current liabilities decreased from $138,391,740.28 to $133,815,652.14, a decrease of approximately 3.3%[40] - The total non-current assets decreased from $1,445,426,349.86 to $1,423,395,580.98, a decline of approximately 1.52%[40] - Accounts payable decreased from $548,591,222.35 to $522,012,945.52, a reduction of about 4.85%[40] - Employee compensation payable decreased significantly from $27,894,115.45 to $10,851,604.15, a decline of approximately 61.1%[40] - Deferred tax assets increased from $36,963,236.51 to $46,492,439.33, an increase of about 25.7%[40] Market Performance - The total box office revenue for the national film market in Q1 2020 was 224,609.80 million RMB, a decrease of 87.98% year-on-year[23] - The company achieved box office revenue of 22.22 million RMB (excluding service fees) with a market share of 1.08% and 580,400 attendees during the reporting period[24] - The company did not participate in the distribution of films released during the reporting period, only engaging in one film's distribution that was postponed due to the pandemic[24] - The company anticipates potential losses in short-term operating performance due to the ongoing impact of the pandemic on cinema operations[32] Cash Flow - Cash flow from operating activities for Q1 2020 was a net outflow of CNY 69,964,478.39, compared to a net inflow of CNY 4,300,060.87 in Q1 2019[64] - The company reported a significant decrease in cash inflow from sales, totaling CNY 147,769,671.56 in Q1 2020, down from CNY 715,431,245.74 in Q1 2019[64] - The total cash outflow from operating activities was $33,684,546.52, compared to $60,969,723.46 in Q1 2019[70] - Cash received from operating activities totaled $24,095,922.92, a decrease from $202,846,687.70 in the previous year[70] - The company’s total cash outflow from financing activities in Q1 2020 was CNY 16,217,933.49, compared to a net inflow of CNY 478,923.73 in Q1 2019[65]