横店影视(603103) - 2020 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY -137,632,194.63, a decline of 186.6% year-on-year[12] - Operating revenue fell by 89.52% to CNY 91,546,140.76 compared to CNY 873,533,501.46 in the same period last year[12] - Basic earnings per share were CNY -0.22, down 188% from CNY 0.25 in the previous year[12] - The company's operating revenue for the reporting period was CNY 91.55 million, a decline of 89.52% compared to the previous year, primarily due to cinema closures[26] - Net profit for Q1 2020 was a loss of CNY 137,632,194.63, compared to a profit of CNY 158,929,099.09 in Q1 2019[51] - Operating profit for Q1 2020 was a loss of CNY 150,205,016.67, compared to a profit of CNY 202,438,822.11 in Q1 2019[48] - Total operating revenue for Q1 2020 was CNY 91,546,140.76, a decrease of 89.5% compared to CNY 873,533,501.46 in Q1 2019[48] Cash Flow and Liquidity - Net cash flow from operating activities was CNY -91,565,929.86, a decrease of 147.45% year-on-year[12] - The company reported a net cash flow from operating activities of -91,565,929.86 RMB in Q1 2020, a significant decline compared to 192,978,642.46 RMB in Q1 2019[57] - Total cash inflow from operating activities was 217,165,656.53 RMB, down 77.4% from 959,682,679.17 RMB in the same period last year[57] - Cash and cash equivalents decreased by 72.45% to CNY 79.68 million due to reduced income from cinema operations[26] - Cash and cash equivalents at the end of the period were 79,677,065.98 RMB, a decrease from 419,441,944.83 RMB at the end of Q1 2019[59] - The company experienced a net decrease in cash and cash equivalents of -209,501,089.11 RMB, compared to an increase of 194,042,385.70 RMB in Q1 2019[59] Assets and Liabilities - Total assets decreased by 5.65% to CNY 3,255,236,261.66 compared to the end of the previous year[12] - Total liabilities decreased from CNY 1,063,049,584.70 to CNY 1,005,589,450.66, a decrease of approximately 5.41%[39] - Current liabilities decreased from CNY 841,726,136.55 to CNY 785,555,074.87, a reduction of about 6.68%[37] - Non-current liabilities decreased from CNY 221,323,448.15 to CNY 220,034,375.79, a slight decline of 0.58%[39] - Total equity decreased from CNY 2,387,279,005.63 to CNY 2,249,646,811.00, a decrease of approximately 5.77%[39] Market and Operations - As of the reporting period, the company operated 376 direct-operated cinemas with a total of 2,365 screens, achieving a cumulative box office of CNY 63.44 million and a market share of 3.04%[23] - The total box office for the national film market in Q1 2020 was CNY 2.246 billion, a year-on-year decrease of 87.94%, with domestic films accounting for CNY 1.82 billion, down 86.28%[23] - The company opened 9 new direct-operated cinemas and added 57 screens during the reporting period[23] - The total number of audience visits for the company was 2.24 million, reflecting a significant decline due to the pandemic[23] - The company’s market share for franchise cinemas was 0.61%, with 83 franchise cinemas and 468 screens, generating a cumulative box office of CNY 12.76 million[23] Shareholder Information - The total number of shareholders at the end of the reporting period was 21,828[19] - The largest shareholder, Hengdian Group Holdings Co., Ltd., holds 80.35% of the shares[19] Other Income and Expenses - The company reported a non-operating income of CNY 23,320,789.31, which includes government subsidies and other income[15] - The company’s financial expenses decreased by 174.09% to -CNY 434,685.99, attributed to reduced non-bank transaction fees and interest expenses[26] - Total operating costs for Q1 2020 were CNY 258,665,879.30, down 62.5% from CNY 689,865,449.51 in Q1 2019[48] - Other income for Q1 2020 was CNY 7,735,629.46, down from CNY 10,771,498.84 in Q1 2019[48] - Investment income for Q1 2020 was CNY 8,700,065.73, compared to CNY 8,204,684.76 in Q1 2019[48] - Tax expenses for Q1 2020 were CNY 265,206.38, significantly lower than CNY 49,455,612.48 in Q1 2019[48] - Sales expenses for Q1 2020 were CNY 4,149,581.97, down 71.2% from CNY 14,424,829.83 in Q1 2019[48] - Management expenses for Q1 2020 were CNY 7,203,352.09, a decrease from CNY 10,943,423.12 in Q1 2019[48] Future Outlook - The company anticipates a potential net loss for the first half of 2020 due to the impact of the COVID-19 pandemic on cinema operations[29]