横店影视(603103) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 742,204,655.37, representing a year-on-year increase of 9.18%[11] - The net profit attributable to shareholders of the listed company reached CNY 149,348,209.79, a significant increase of 97.84% compared to the same period last year[11] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.24, marking a 100% increase from the previous year[11] - The company reported a net profit of CNY 136,310,600.38 after deducting non-recurring gains and losses, which is an increase of 114.48% year-on-year[11] - Total profit for Q1 2023 amounted to RMB 163,141,245.12, compared to RMB 72,315,874.60 in Q1 2022, reflecting a growth of 125.5%[60] Cash Flow and Liquidity - The net cash flow generated from operating activities was CNY 315,725,079.75, reflecting a substantial growth of 137.77% year-on-year[11] - Cash inflow from operating activities totaled CNY 947,796,232.65, compared to CNY 773,832,830.03 in Q1 2022[8] - Cash outflow from operating activities was CNY 632,071,152.90, slightly down from CNY 641,046,621.97 in the same quarter last year[8] - The company's cash reserves increased to approximately 606.25 million yuan, up from 557.91 million yuan in the previous year, reflecting a strong liquidity position[42] Operating Efficiency - Total operating costs decreased to RMB 589,439,208.41 from RMB 621,215,757.56, representing a reduction of 5.1%[60] - Operating profit for Q1 2023 was RMB 161,396,191.07, significantly up from RMB 65,656,225.99 in Q1 2022, marking an increase of 145.0%[60] - The company is focusing on enhancing its operational efficiency through cost control and has closed 1 cinema during the reporting period to improve overall quality[36] Investment and Assets - The total comprehensive income for the period was CNY 149,348,209.79, which is double the amount from the previous year[4] - The ending balance of cash and cash equivalents was CNY 467,057,076.51, down from CNY 508,243,177.72 at the end of Q1 2022[9] - Total assets rose to approximately CNY 4.69 billion, a 3.78% increase compared to the previous year[20] - The total assets of the company reached approximately 4.69 billion yuan, compared to 4.52 billion yuan at the end of the previous year[48] Market Performance - The Chinese film market's total box office reached CNY 15.857 billion, a year-over-year growth of 13.45%[23] - Domestic film box office revenue was CNY 13.932 billion, up 5.34% year-over-year, with a market share of 87.88%[23] - The total box office revenue reached 543.53 million yuan, with a market share of 3.75%, and total audience attendance of 13.51 million[36] Cinema Operations - In the first quarter of 2023, the company opened 5 new direct-operated cinemas and added 34 screens, bringing the total to 419 direct-operated cinemas and 2,669 screens[36] - The company has a total of 80 franchised cinemas and 465 screens, generating box office revenue of 91.69 million yuan and an audience attendance of 2.10 million[36] - The number of cinema screens increased by 1,210, with a total of 12,000 operational cinemas as of March 31, 2023[23] Non-Recurring Items - Non-recurring gains and losses totaled approximately CNY 13.04 million, influenced by various factors including government subsidies[32] Shareholder Equity - Equity attributable to shareholders increased by 12.72% to approximately CNY 1.32 billion[20] - The weighted average return on equity increased to 11.96% from 7.02% year-over-year[20] Other Financial Metrics - Financial expenses decreased to RMB 24,754,121.90 from RMB 34,501,432.43, a decline of 28.3%[60] - Interest income increased to RMB 3,397,899.07 from RMB 1,140,941.64, showing a growth of 197.5%[60] - Other income rose to RMB 9,704,822.53 from RMB 5,542,709.38, an increase of 75.0%[60] - Investment income decreased to RMB 1,170,271.15 from RMB 3,518,798.23, a decline of 66.7%[60] - Tax and additional charges increased to RMB 29,338,035.41 from RMB 25,704,524.31, an increase of 10.1%[60] - Sales expenses increased to RMB 5,816,613.68 from RMB 4,565,922.96, reflecting a rise of 27.4%[60] Strategic Initiatives - The company has been actively involved in producing and distributing films, with notable releases such as "The Wandering Earth 2" and "Boonie Bears: Bear with Me" contributing to its revenue[36] - The company is actively developing original TV series and expanding its investment in online film projects through its subsidiary[36] - The company experienced a net cash flow from investment activities of -CNY 197,606,592.94, compared to a positive cash flow of CNY 57,262,870.81 in Q1 2022[9] - The company reported a significant increase in accounts receivable, rising to approximately 205.87 million yuan from 80.43 million yuan year-over-year[42] - The company's non-current liabilities decreased slightly to approximately 2.01 billion yuan from 2.05 billion yuan year-over-year[59]