TVZone(SH:603721)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 32,450,127.46, a decrease of 15.26% compared to the same period last year[5]. - Total operating revenue for Q1 2023 was CNY 32,450,127.46, a decrease of 15.4% compared to CNY 38,295,725.05 in Q1 2022[17]. - Net profit for Q1 2023 was a loss of CNY 709,822.78, compared to a loss of CNY 1,330,109.05 in Q1 2022, indicating an improvement in performance[18]. - The net profit attributable to shareholders was CNY 161,430.29, an increase of 115.23% year-on-year[5]. - The net profit attributable to the parent company for Q1 2023 was CNY 161,430.29, compared to a net loss of CNY 1,059,975.92 in Q1 2022[19]. - The total comprehensive income for the parent company in Q1 2023 was CNY 161,430.29, while it was a loss of CNY 1,059,975.92 in the same period last year[19]. Cash Flow - The net cash flow from operating activities was CNY -2,656,907.46, representing a decline of 109.51% compared to the previous year[5]. - The operating cash flow for Q1 2023 was CNY -2,656,907.46, a significant decline from CNY 27,935,733.09 in Q1 2022[21]. - Cash inflow from operating activities totaled CNY 82,342,831.55 in Q1 2023, down from CNY 102,352,703.36 in Q1 2022[21]. - Cash outflow from operating activities increased to CNY 84,999,739.01 in Q1 2023, compared to CNY 74,416,970.27 in Q1 2022[21]. - The net cash flow from investing activities was CNY -5,592,502.67 in Q1 2023, worsening from CNY -3,027,864.78 in Q1 2022[22]. - The net cash flow from financing activities was CNY -6,302,937.78 in Q1 2023, compared to a positive inflow of CNY 33,517,115.17 in Q1 2022[22]. - The ending cash and cash equivalents balance for Q1 2023 was CNY 246,964,388.17, down from CNY 197,945,539.99 in Q1 2022[22]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 915,326,010.36, a decrease of 2.32% from the end of the previous year[6]. - Total assets as of March 31, 2023, were CNY 915,326,010.36, down from CNY 937,037,851.28 at the end of 2022[15]. - Total liabilities decreased to CNY 331,778,461.57 from CNY 352,780,479.71 at the end of 2022, indicating a reduction in financial obligations[16]. - The company’s total equity as of March 31, 2023, was CNY 583,547,548.79, slightly down from CNY 584,257,371.57 at the end of 2022[16]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 20,570[10]. - The largest shareholder, Changsha Broadcasting and Television Group Co., Ltd., held 50.38% of the shares[10]. Investment and Expenses - Research and development expenses for Q1 2023 were CNY 2,956,487.25, an increase from CNY 2,455,058.63 in Q1 2022, highlighting a focus on innovation[18]. - The company reported an investment income of CNY 4,693,465.41 in Q1 2023, a significant recovery from a loss of CNY 205,301.42 in Q1 2022[18]. - Total operating costs increased to CNY 41,874,474.46 in Q1 2023, up from CNY 40,238,801.10 in Q1 2022[17]. Earnings Per Share - Basic earnings per share were CNY 0.0012, up 112.00% from the same period last year[5]. - The basic and diluted earnings per share for Q1 2023 were CNY 0.0012, recovering from a loss of CNY -0.0100 in Q1 2022[19].