Jetsen(SZ:300182)2019-04-28 16:00Financial Performance - Total revenue for Q1 2019 was ¥803,935,884.96, a decrease of 14.42% compared to ¥939,431,760.10 in the same period last year[8]. - Net profit attributable to shareholders was ¥136,980,730.69, down 32.16% from ¥201,910,003.11 year-on-year[8]. - Basic earnings per share decreased by 31.51% to ¥0.0537 from ¥0.0784 in the same period last year[8]. - The company reported a net profit of 136.11 million yuan for the first quarter of 2019, a decrease of 32.52% compared to the same period last year[21]. - Total operating revenue for the first quarter was 803.94 million yuan, with an operating profit of 139.03 million yuan[22]. - The company's operating profit for the current period is 139,031,276.05, a decrease from 207,138,154.42 in the previous period, representing a decline of approximately 32.9%[73]. - The net profit for the current period is 136,115,122.40, down from 201,699,852.68 in the previous period, indicating a decrease of about 32.5%[73]. - The total comprehensive income for the current period is 156,449,462.21, compared to 201,699,597.33 in the previous period, reflecting a decline of approximately 22.4%[76]. Cash Flow - Net cash flow from operating activities was ¥22,104,178.01, a significant improvement from a negative cash flow of ¥177,268,255.97 in the previous year, marking a 112.47% change[8]. - The company reported a net cash flow from operating activities of 594,708,710.82, compared to 661,988,600.07 in the previous period, indicating a decrease of approximately 10.1%[84]. - Total cash inflow from operating activities amounted to 856,977,191.45, compared to 773,489,986.63 in the prior period[87]. - Cash outflow from operating activities totaled 834,873,013.44, down from 950,758,242.60 in the previous period[87]. - The net cash flow from investing activities was -166,599,824.32, compared to -566,103,515.63 in the prior period, indicating reduced investment losses[90]. - Cash inflow from financing activities was 578,384,745.75, while cash outflow was 848,137,486.61, resulting in a net cash flow of -269,752,740.86[90]. Assets and Liabilities - Total assets increased by 2.26% to ¥16,337,511,402.01 from ¥15,976,645,346.86 at the end of the previous year[8]. - The company reported a total current asset of CNY 8,084,107,228.39 as of March 31, 2019, compared to CNY 7,964,778,479.11 at the end of 2018, reflecting an increase of approximately 1.43%[50]. - The total liabilities increased to CNY 6,369,503,529.27 from CNY 6,165,086,936.33, showing an increase of approximately 3.31%[56]. - The company reported a total liability of ¥6,165,086,936.33, with current liabilities at ¥5,128,426,574.40[104]. - The company's total liabilities decreased to CNY 3,543,963,034.48 from CNY 3,822,718,991.24, a reduction of about 7.3%[66]. Shareholder Information - The top shareholder, Xu Ziqian, holds 31.57% of the shares, totaling 812,852,200 shares[11]. - The total equity attributable to shareholders increased to CNY 9,963,534,527.07 from CNY 9,806,219,456.57, reflecting a growth of about 1.6%[60]. - The company reported a total equity of CNY 9,968,007,872.74 as of March 31, 2019, down from CNY 10,811,558,410.53, reflecting a decrease of approximately 7.77%[56]. Investment and Development - Investment income increased by 683.73% year-on-year, attributed to the growth in net profits from joint ventures[21]. - The company plans to further develop cloud services, cloud security, artificial intelligence, and big data applications in response to market changes[27]. - The company aims to strengthen its position in the domestic new media copyright operation market and expand internationally[23]. - The company has established long-term stable partnerships with domestic video internet, mobile internet, and various digital television platforms[26]. Regulatory and Market Environment - The company is subject to strict regulatory oversight from national laws and policies, which could impact its production, import, and distribution processes[32]. - The company faces increased market competition in copyright operation due to rapid growth in the new media industry, leading to potential increases in copyright procurement costs[33]. - The company has experienced a structural imbalance in the film and television industry, with an oversupply of content but a shortage of high-quality productions[33]. - The company benefits from favorable national policies that support the cultural industry, but any significant changes in macroeconomic or industry policies could adversely affect its operations[32]. Financial Management - The company has established a comprehensive system for managing and collecting accounts receivable to mitigate financial risks[37]. - The company is actively managing accounts receivable risks due to the long collection cycles associated with its expanding business[37]. - The controlling shareholder and related parties have fully repaid the occupied funds, with a remaining interest-free loan balance of CNY 123 million as of the report date[46]. - The company plans to strengthen the execution and supervision of its fund management system to prevent violations[46].