TVZone(SH:603721)2020-04-24 16:00Financial Performance - Operating revenue fell by 48.95% to CNY 33,569,647.08 year-on-year[5] - Net profit attributable to shareholders decreased by 14.40% to CNY -7,385,824.65 compared to the same period last year[5] - Basic and diluted earnings per share were both CNY -0.06, a decrease of 14.29% year-on-year[5] - Total revenue for Q1 2020 was CNY 33,569,647.08, a decrease of 48.9% compared to CNY 65,756,061.28 in Q1 2019[24] - Net loss for Q1 2020 was CNY 7,385,824.65, compared to a net loss of CNY 8,759,558.76 in Q1 2019, representing a 15.7% improvement[25] - The total comprehensive loss for Q1 2020 was CNY 7,385,824.65, compared to CNY 8,759,558.76 in Q1 2019, indicating a reduction in overall losses[26] - Net profit for Q1 2020 was -8,310,553.24 RMB, compared to -7,731,264.22 RMB in Q1 2019, indicating a decline of approximately 7.5% year-over-year[28] - Operating profit for Q1 2020 was -8,434,871.19 RMB, compared to -7,700,460.42 RMB in Q1 2019, reflecting an increase in losses of about 9.5% year-over-year[28] Cash Flow - Cash flow from operating activities improved by 65.18%, reaching CNY -25,230,401.51[5] - The cash flow from operating activities showed a net outflow of RMB -25,230,401.51, an improvement of 65.18% compared to the previous year's outflow of RMB -72,461,515.83[14] - Cash flow from investment activities in Q1 2020 was -14,362,703.00 RMB, an improvement from -56,705,249.00 RMB in Q1 2019, indicating a reduction in cash outflow by approximately 74.7%[31] - Total cash inflow from operating activities in Q1 2020 was 48,783,970.55 RMB, down from 57,959,995.39 RMB in Q1 2019, representing a decrease of about 15.8%[30] - Cash outflow from operating activities in Q1 2020 was 74,014,372.06 RMB, compared to 130,421,511.22 RMB in Q1 2019, indicating a reduction of approximately 43.3%[31] Assets and Liabilities - Total assets decreased by 4.61% to CNY 638,150,451.33 compared to the end of the previous year[5] - Current assets totaled CNY 535,853,934.55, down from CNY 577,412,887.27, indicating a decrease of about 7.2%[17] - Total liabilities decreased to CNY 101,821,940.48 from CNY 125,281,938.07, reflecting a decline of about 18.7%[18] - Total liabilities as of Q1 2020 were CNY 80,719,246.18, a decrease of 22.2% from CNY 103,941,345.21 in the previous year[23] - Total equity as of Q1 2020 was CNY 518,148,852.37, slightly down from CNY 526,459,405.61 in Q1 2019[23] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,689[11] - The largest shareholder, Changsha Broadcasting and Television Group, holds 50.38% of the shares[11] Government Support and Non-Recurring Items - The company received government subsidies amounting to CNY 580,515.65, which are included in non-operating income[9] - The total amount of non-recurring gains and losses for the period was CNY 704,833.60[9] Investment and Expenses - The company reported a significant increase in investment income, rising by 508.82% to RMB 95,253.57, attributed to the profitability of associated enterprises[14] - Research and development expenses for Q1 2020 were CNY 3,390,220.70, a decrease of 3.9% from CNY 3,529,059.96 in Q1 2019[24] - The company reported cash payments for fixed assets and intangible assets totaling $14,252,579[34]