省广集团(002400) - 2023 Q1 - 季度财报

Financial Performance - Total operating revenue for Q1 2023 was CNY 2,798,735,302.67, an increase of 2.29% compared to CNY 2,736,677,616.92 in Q1 2022[19] - Net profit attributable to shareholders of the parent company was CNY 45,965,349.92, slightly up from CNY 45,713,061.33 in the same period last year, reflecting a growth of 0.55%[20] - The company reported a total profit of CNY 63,011,027.72, compared to CNY 58,966,109.82 in the previous year, representing an increase of 1.77%[20] - The total comprehensive income attributable to shareholders of the parent company was CNY 45,236,801.62, compared to CNY 42,896,993.48 in the previous year, indicating a positive trend in overall profitability[20] - Net profit attributable to shareholders was CNY 45,965,349.92, reflecting a slight increase of 0.55% year-over-year[24] - Net profit attributable to shareholders after deducting non-recurring gains and losses surged by 55.08% to CNY 44,553,499.57[24] Cash Flow and Liquidity - Cash and cash equivalents decreased by 54.37% to CNY 400,918,243.34 from CNY 878,609,289.46 at the beginning of the year, primarily due to media annual settlement payments and the maturity of short-term financing bonds[14] - Cash inflow from operating activities totaled CNY 3,394,150,101.30, while cash outflow was CNY 4,000,938,033.15[35] - The net increase in cash and cash equivalents was a decrease of $534.27 million, compared to a decrease of $543.80 million previously[60] - The beginning balance of cash and cash equivalents was $876.52 million, down from $1.44 billion in the previous period[60] - The ending balance of cash and cash equivalents stood at $342.25 million, significantly lower than $892.28 million previously[60] Borrowings and Financial Expenses - Short-term borrowings increased by 92.56% to CNY 615,246,194.60, up from CNY 319,501,046.50, indicating a need for additional funding during media settlements and business operations[14] - Financial expenses surged to CNY 14,912,530.05 from a negative CNY 269,391.37, marking an increase of 5,635.64% due to increased use of notes and short-term borrowings by some media[14] - The company reported a significant reduction in short-term borrowings, which increased to CNY 615,246,194.60 from CNY 319,501,046.50[30] Assets and Liabilities - The total liabilities and equity amounted to CNY 9,301,627,857.52, reflecting the company's financial structure[19] - Total assets decreased by 5.33% to CNY 8,805,503,461.09 compared to the end of the previous year[24] - The total current assets at the end of the period were 6,078,248,323.78, down from 6,554,804,612.24 at the beginning of the year, representing a decrease of approximately 7.24%[46] - Accounts receivable decreased from 4,057,904,701.37 to 3,781,293,724.63, a reduction of about 6.81%[46] - Inventory decreased from 4,166,431.01 to 3,319,334.32, a decline of approximately 20.29%[46] - Total non-current assets at the end of the period were 2,727,255,137.31, down from 2,746,823,245.28 at the beginning of the year[46] Shareholder Information - The company’s basic and diluted earnings per share were both CNY 0.0264, up from CNY 0.0262 in the same period last year[20] - Basic and diluted earnings per share were both CNY 0.0264, up 0.76% from the previous year[24] - The total number of ordinary shareholders at the end of the period was 146,716[52] - The largest shareholder, Guangdong Guangxin Holdings Group Co., Ltd., holds 18.78% of the shares, totaling 327,436,235 shares[52] Research and Development - Research and development expenses were CNY 42,818,511.27, slightly down from CNY 43,654,545.07 in the previous year, indicating a focus on cost management in R&D[20] Government Subsidies - Government subsidies recognized in the current period totaled 1,841,521.24[41] Non-Current Asset Disposal - Non-current asset disposal profit and loss amounted to 235,687.64[41]