Hengdian Entertainment (SH:603103)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥679,776,343.71, a decrease of 18.89% compared to the same period last year[7]. - The net profit attributable to shareholders was ¥75,490,922.36, down 55.89% year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥63,554,166.69, reflecting a decline of 61.14% compared to the previous year[7]. - The net cash flow from operating activities was ¥132,786,208.06, a decrease of 54.66% year-on-year[7]. - Total operating revenue for Q1 2022 was ¥679,776,343.71, a decrease of 19% compared to ¥838,064,026.66 in Q1 2021[34]. - Total operating costs for Q1 2022 were ¥621,215,757.56, down 9% from ¥682,025,142.44 in Q1 2021[34]. - Net profit attributable to shareholders for Q1 2022 was ¥75,490,922.36, a decline of 56% from ¥171,157,191.47 in Q1 2021[37]. - Basic and diluted earnings per share for Q1 2022 were both ¥0.12, compared to ¥0.27 in Q1 2021[37]. - Total profit for Q1 2022 was ¥72,315,874.60, compared to ¥169,861,418.43 in Q1 2021[34]. - Tax expenses for Q1 2022 were -¥3,175,047.76, compared to -¥1,295,773.04 in Q1 2021[34]. Cash Flow and Investments - Cash flow from operating activities for Q1 2022 was ¥132,786,208.06, down 55% from ¥292,882,425.42 in Q1 2021[40]. - Cash inflow from investment activities for Q1 2022 was ¥193,413,316.24, a decrease from ¥590,125,614.86 in Q1 2021[40]. - Cash outflow from investment activities for Q1 2022 was ¥136,150,445.43, down from ¥556,815,695.63 in Q1 2021[40]. - Net cash flow from investment activities for Q1 2022 was ¥57,262,870.81, an increase from ¥33,309,919.23 in Q1 2021[40]. - Net cash flow from financing activities was -$65.14 million, compared to -$172.27 million in the previous period, indicating an improvement[42]. - The net increase in cash and cash equivalents was $124.91 million, down from $153.92 million year-over-year[42]. - The ending balance of cash and cash equivalents was $508.24 million, compared to $735.56 million at the end of the previous period[42]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,574,237,516.06, an increase of 2.2% from the end of the previous year[9]. - As of March 31, 2022, the company's total assets amounted to RMB 5,574,237,516.06, an increase from RMB 5,454,440,673.70 at the end of 2021, reflecting a growth of approximately 2.2%[30]. - The company's current assets totaled RMB 1,591,022,890.60, compared to RMB 1,498,453,681.98 in the previous year, indicating an increase of about 6.3%[26]. - The accounts receivable increased significantly to RMB 268,852,818.28 from RMB 116,186,353.53, representing a growth of approximately 131.5%[26]. - The company's total liabilities reached RMB 4,007,009,213.02, up from RMB 3,962,703,293.02, marking an increase of about 1.1%[32]. - The non-current liabilities totaled RMB 2,967,169,750.83, slightly up from RMB 2,950,406,858.28, reflecting a growth of around 0.6%[32]. - The company's equity attributable to shareholders increased to RMB 1,567,228,303.04 from RMB 1,491,737,380.68, showing a rise of approximately 5.1%[32]. - Cash and cash equivalents stood at RMB 542,543,177.72, compared to RMB 421,209,473.40 in the previous year, indicating an increase of about 28.8%[26]. - The company's inventory decreased to RMB 148,933,898.29 from RMB 206,243,311.09, representing a decline of approximately 28%[26]. - The company reported a significant increase in short-term borrowings, with accounts payable rising to RMB 347,121,110.39 from RMB 223,941,392.16, an increase of about 55.1%[30]. Operational Developments - The company opened 21 new directly-operated cinemas and added 139 screens during the reporting period, bringing the total to 412 cinemas and 2,610 screens[18]. - The total box office revenue for the company reached ¥46,877.75 million, with a market share of 3.67%[18]. - The total box office for the Chinese film market in Q1 2022 was ¥13.978 billion, a decline of 22.74% year-on-year[15]. - The company plans to continue optimizing its cinema operations and has closed 3 cinemas during the reporting period to enhance overall quality and competitiveness[18]. - The company received government subsidies amounting to ¥8,985,274.63, which are closely related to its normal business operations[11]. - The company has not disclosed any new product developments or market expansion strategies in the current report[24].