BJCT(SZ:000802)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥100,570,078.95, a significant increase of 1,950.97% compared to ¥4,903,545.01 in the same period last year[5]. - The net loss attributable to shareholders was ¥11,760,259.50, which is a 43.52% improvement from a loss of ¥20,821,489.43 in the previous year[5]. - The basic and diluted earnings per share were both -¥0.0164, showing a 43.64% improvement from -¥0.0291 in the previous year[5]. - Total operating revenue for Q1 2023 was CNY 100,570,078.95, a significant increase from CNY 4,903,545.01 in the same period last year, representing a growth of approximately 1944.5%[21]. - The net loss for Q1 2023 was CNY 11,768,140.51, an improvement from a net loss of CNY 20,831,612.57 in Q1 2022, reflecting a reduction in losses of approximately 43.5%[22]. - The operating profit for Q1 2023 was reported at CNY -11,302,885.60, compared to CNY -19,234,087.73 in the previous year, showing a decrease in operating losses of about 41.5%[21]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥91,755,970.96, representing a decline of 825.50% compared to -¥9,914,171.91 in the same period last year[5]. - The total cash flow from operating activities was significantly lower compared to the previous year, indicating potential challenges in cash generation[24]. - Total cash inflow from financing activities was 60,000,000.00 CNY, while cash outflow was 8,098,787.38 CNY, resulting in a net cash flow of 51,901,212.62 CNY[26]. - The total cash and cash equivalents at the end of the period were 26,989,613.90 CNY, down from 58,745,584.86 CNY at the beginning of the period[26]. - The company made cash payments for purchasing goods and services totaling 118,555,623.40 CNY[25]. - The cash flow from investment activities was -5,499.00 CNY, indicating a net outflow[25]. - The company did not report any cash inflow from investment activities during the quarter[25]. - The cash flow from financing activities showed a significant increase compared to the previous year, reflecting improved liquidity management[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,435,502,308.66, a slight decrease of 0.31% from ¥3,446,294,938.18 at the end of the previous year[5]. - Total liabilities as of Q1 2023 were CNY 1,931,383,908.74, slightly up from CNY 1,930,408,397.75 in the previous year[22]. - The total equity attributable to shareholders of the parent company was CNY 1,523,934,956.98, a decrease from CNY 1,535,695,216.48 in the previous year[22]. - The company's cash and cash equivalents decreased to CNY 54,651,243.49 from CNY 78,051,323.64 at the beginning of the year, reflecting a decline of approximately 30.0%[18]. - Accounts receivable increased to CNY 146,187,168.89 from CNY 85,823,379.21, representing a growth of approximately 70.3%[18]. - Inventory decreased to CNY 286,341,469.12 from CNY 361,103,710.98, indicating a reduction of about 20.7%[18]. - Non-current assets totaled CNY 1,376,669,904.10, down from CNY 1,388,207,836.82, showing a decrease of approximately 0.9%[18]. Business Operations and Strategy - The increase in operating revenue was primarily driven by a rise in film income during the reporting period[9]. - The company plans to continue advancing its film and cultural business in 2023, focusing on reserving excellent IP resources and enhancing the reputation and value of its works[13]. - The film "The Wandering Earth 2" was released in Spring 2023, with significant investment and a strong cast including Liu Dehua and Wu Jing[15]. - The company has several projects in various stages, including "The First Part of Fengshen" which is currently in distribution and "The Three Parts of Fengshen" which is in post-production[14]. - The company is actively developing new projects, including "Dunhuang's Secret Code" and "Beyond Time," which are in the early stages of development[15]. - The company emphasizes that its operational plans do not guarantee profitability for 2023, as outcomes depend on various market conditions[15]. - The company continues to focus on improving operational efficiency and reducing losses in the upcoming quarters[22]. Non-Recurring Items - The company reported non-recurring gains and losses totaling ¥412,225.95 for the current period[7]. Audit Status - The first quarter report was not audited, indicating that the figures are preliminary and subject to change[27].