HBMC(SZ:300027)2023-04-27 16:00Financial Performance - The company's revenue for Q1 2023 was approximately ¥233.39 million, representing a 76.58% increase compared to ¥132.17 million in the same period last year[5]. - The net loss attributable to shareholders narrowed to approximately ¥10.56 million, an improvement of 91.99% from a loss of ¥131.82 million in the previous year[5]. - The net profit for Q1 2023 was a loss of ¥1,765,412.34, an improvement from a loss of ¥133,548,232.68 in Q1 2022[34]. - The company reported a total comprehensive income of -¥15,468,036.51 for Q1 2023, compared to -¥138,131,267.71 in the previous year, showing a significant reduction in losses[34]. - The company's basic earnings per share improved by 92.00% year-on-year, reflecting an increase in net profit attributable to shareholders[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately -¥16.80 million, a reduction of 85.09% from -¥112.67 million in the previous year[9]. Cash Flow and Operating Activities - The net cash flow from operating activities was approximately -¥19.15 million, which is a 74.65% improvement from -¥75.51 million in the same period last year[5]. - Cash flow from operating activities for Q1 2023 was -¥19,146,329.72, an improvement from -¥75,514,863.77 in Q1 2022[36]. - The company incurred financial expenses of ¥20,095,207.84 in Q1 2023, a decrease from ¥31,920,863.71 in the same period last year[33]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥5.14 billion, a decrease of 1.96% from ¥5.24 billion at the end of the previous year[5]. - The company's current assets totaled CNY 1,372,722,351.81, down from CNY 1,428,604,553.79 at the beginning of the year, reflecting a decrease of approximately 3.94%[30]. - The total liabilities increased to CNY 3,707,309,192.72 from CNY 3,795,141,234.79, indicating a reduction of about 2.31%[31]. - The company's long-term borrowings decreased by 94.57% compared to the beginning of the period, due to reclassification of long-term loans[20]. - The total non-current liabilities decreased to CNY 942,482,658.91 from CNY 1,671,589,360.12, indicating a substantial reduction of approximately 43.6%[31]. Revenue Sources and Costs - The company's operating revenue increased by 76.58% compared to the same period last year, primarily due to higher film and cinema box office revenues[16]. - Operating costs rose by 78.98% year-on-year, attributed to the increase in revenue[16]. - Total operating revenue for Q1 2023 was ¥233,385,378.04, a significant increase from ¥132,168,142.76 in Q1 2022, representing an increase of approximately 76.5%[33]. - Total operating costs for Q1 2023 were ¥233,542,036.59, compared to ¥209,992,557.61 in the same period last year, indicating an increase of about 11.2%[33]. Film and Entertainment Projects - The company released several films in Q1 2023, including "The Wandering Earth 2," which achieved a cumulative box office of approximately ¥4.025 billion[10]. - The company is actively involved in multiple film and television projects, with several series and films in various stages of production and post-production[11][12]. - The company is focusing on enhancing its brand licensing and real-life entertainment projects, with several movie towns and entertainment venues already operational[12]. - The company plans to further enhance its internet entertainment content production and business development based on its brand and IP advantages[14]. Operational Improvements - The company aims to improve its service level for artists and clients, expanding its revenue scale by attracting diverse talent across various fields[12]. - The company is integrating resources in its real-life entertainment sector and enhancing its operational capabilities to meet changing market demands[12]. - Accounts receivable grew by 41.80% from the beginning of the reporting period, driven by new film releases and revenue recognition[18]. - The company reported a decrease in sales expenses to ¥18,861,022.17 in Q1 2023 from ¥50,119,851.28 in Q1 2022, reflecting a cost-cutting strategy[33].