SFC(SH:601595)2022-04-26 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥157,262,379.34, a decrease of 29.42% compared to the same period last year[4] - The net profit attributable to shareholders was -¥1,287,338.04, representing a decline of 105.14% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥5,610,866.29, down 123.63% from the previous year[4] - The basic and diluted earnings per share were both -¥0.003, a decrease of 105.00% compared to the same period last year[4] - Net profit for Q1 2022 was -¥3,355,867.25, compared to a net profit of ¥23,810,088.24 in Q1 2021[34] - The company reported a loss of -¥2,903,352.84 in operating profit for Q1 2022, contrasting with an operating profit of ¥27,234,088.23 in Q1 2021[32] - Basic and diluted earnings per share for Q1 2022 were both -¥0.003, compared to ¥0.06 in Q1 2021[34] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,512,960,436.56, an increase of 1.51% from the end of the previous year[4] - The company's total current assets as of March 31, 2022, amount to ¥1,664,979,502.30, an increase from ¥1,567,480,487.83 at the end of 2021[24] - Total assets amount to ¥3,512,960,436.56, compared to ¥3,460,677,577.86 at the end of 2021[27] - The total liabilities are reported at ¥694,736,534.59, an increase from ¥623,731,432.66 at the end of 2021[27] - Total liabilities amounted to ¥1,472,786,392.71, an increase from ¥1,417,647,666.76 in the previous period[32] - The company’s total assets reached ¥3,512,960,436.56, up from ¥3,460,677,577.86[32] - The total equity attributable to shareholders was ¥1,929,567,572.44, slightly down from ¥1,930,854,910.48[32] Market Performance - The company operated 53 direct cinemas with a total of 385 screens, generating box office revenue of ¥114,994,400, with a market share of 0.90%[11] - The total number of franchise cinemas under the company's subsidiary was 748, with 4,794 screens, achieving a box office revenue of ¥934,210,100 and a market share of 7.29%[11] - The total box office for the national film market in Q1 2022 was ¥13.979 billion, a year-on-year decrease of 22.74%[11] - The average ticket price in the national film market was ¥45.44, an increase of 6.21% year-on-year[11] Operational Challenges - The company has paused operations in its Shanghai cinemas since March 10, 2022, due to COVID-19 restrictions, impacting its daily operations[11] Cash Flow - In Q1 2022, the cash inflow from operating activities was approximately $476.37 million, a decrease of 33.7% compared to $718.27 million in Q1 2021[39] - The net cash flow from operating activities was $67.86 million, an increase of 10.4% from $61.15 million in the same period last year[39] - The cash inflow from investment activities totaled $101.40 million, significantly higher than $42.27 million in Q1 2021[41] - The net cash flow from investment activities was $91.82 million, a recovery from a negative cash flow of $4.62 million in the previous year[41] - The cash outflow from financing activities was $6.65 million, compared to $11.99 million in Q1 2021, indicating a reduction of 44.4%[41] - The net increase in cash and cash equivalents for the quarter was $153.53 million, up from $54.53 million in Q1 2021[41] - The ending balance of cash and cash equivalents was $720.18 million, down from $1.20 billion at the end of Q1 2021[41] - The company received $500,000 from investment activities, marking a new source of cash inflow[41] - The total cash outflow for purchasing fixed assets and other long-term assets was $9.58 million, a decrease from $37.50 million in the previous year[41] - The company reported a significant decrease in cash paid for employee compensation, totaling $38.17 million compared to $42.10 million in Q1 2021[39] Shareholder Information - The total number of common shareholders at the end of the reporting period is 26,515[15] - The largest shareholder, Shanghai Film (Group) Co., Ltd., holds 310,228,317 shares, accounting for 69.22% of the total shares[15] - The company has no pledged, marked, or frozen shares among the top ten shareholders[15] - The company does not have any related party relationships among the top ten unrestricted shareholders[19] Other Financial Metrics - Deferred income decreased to ¥16,560,294.40 from ¥19,094,917.36[32] - The company reported a financial expense of ¥9,596,417.27, a slight decrease from ¥9,899,312.57 in the previous year[32] - Accounts receivable increased to ¥187,573,339.02 from ¥154,079,803.31 year-over-year[24] - The company’s non-current assets total ¥1,847,980,934.26, down from ¥1,893,197,090.03 at the end of 2021[27]