思美传媒(002712) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was CNY 1,210,324,396.30, representing a 42.91% increase compared to CNY 846,919,908.58 in the same period last year[5]. - The net profit attributable to shareholders was CNY 1,817,456.35, a significant turnaround from a loss of CNY 13,547,654.34, marking an increase of 113.42%[5]. - The basic earnings per share rose to CNY 0.0033, up 114.16% from a loss of CNY 0.0233 per share in the previous year[9]. - The total profit increased by 134.69%, primarily due to the growth in the digital marketing sector[8]. - The company reported a total comprehensive income of 2,244,547.47 CNY for the first quarter, contrasting with a comprehensive loss of 13,202,389.21 CNY in the same period last year[19]. Assets and Liabilities - Total assets increased by 9.44% to CNY 2,623,350,766.49 from CNY 2,396,965,991.23 at the end of the previous year[5]. - The total assets as of March 31, 2023, were CNY 2,623,350,766.49, up from CNY 2,396,965,991.23 at the beginning of the year[16]. - The total liabilities increased to CNY 1,017,766,783.93 from CNY 794,126,556.14, showing a rise of approximately 28.3%[16]. - The company's total equity as of March 31, 2023, was CNY 1,605,583,982.56, slightly up from CNY 1,602,839,435.09[16]. Cash Flow and Financing - The cash and cash equivalents at the end of Q1 2023 were CNY 424,040,361.72, compared to CNY 411,952,687.96 at the beginning of the year, reflecting a slight increase[14]. - The total cash and cash equivalents at the end of the quarter were 388,687,968.34 CNY, down from 582,384,285.51 CNY at the end of the previous year[22]. - The company raised 218,000,000.00 CNY through borrowings in the first quarter, compared to 10,000,000.00 CNY in the same period last year[22]. - The company experienced a net increase in cash and cash equivalents of 12,087,673.76 CNY during the quarter, contrasting with a significant decrease of 185,557,021.08 CNY in the previous year[22]. Operational Metrics - The company reported a 507.86% increase in receivables financing, attributed to clients adopting bank acceptance bills for settlements[8]. - Contract assets surged by 943.88%, indicating an increase in ongoing project executions[8]. - Operating profit increased by 133.96%, driven by the expansion of the digital marketing business[8]. - The operating profit for the first quarter was 4,111,311.92 CNY, a recovery from an operating loss of 12,107,848.56 CNY in the same quarter last year[19]. Research and Development - The company experienced a 60.62% reduction in R&D expenses, reflecting decreased spending on R&D projects[8]. - Research and development expenses decreased to 1,886,958.84 CNY from 4,791,356.04 CNY, reflecting a reduction of approximately 60.6%[19].