XMGF(SZ:300770)2021-04-27 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥325,672,693.17, representing a 10.87% increase compared to ¥293,733,750.44 in the same period last year[8]. - The net profit attributable to shareholders for Q1 2021 was ¥161,717,241.03, up 12.56% from ¥143,667,057.58 in the previous year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥156,350,487.67, reflecting a 15.51% increase from ¥135,359,207.34 year-on-year[8]. - Basic earnings per share for Q1 2021 were ¥0.70, an increase of 12.90% from ¥0.62 in the same period last year[8]. - Net profit for Q1 2021 reached CNY 161,702,041.62, a rise from CNY 143,620,421.04 in Q1 2020, reflecting an increase of approximately 12.5%[70]. - Operating profit reached CNY 160.81 million, up 14.5% from CNY 140.48 million year-over-year[78]. - The company reported a total comprehensive income of CNY 160.96 million, compared to CNY 143.47 million in the previous year, marking a growth of 12.2%[81]. Cash Flow - The net cash flow from operating activities for Q1 2021 was ¥357,129,161.97, which is a significant increase of 29.56% compared to ¥275,649,554.34 in the same period last year[8]. - Cash flow from operating activities was CNY 357.13 million, an increase of 29.5% compared to CNY 275.65 million in the same period last year[86]. - Cash inflow from operating activities totaled 655,582,166.56 CNY, compared to 459,543,213.30 CNY in the prior period, indicating a growth of approximately 42.6%[89]. - The net cash flow from investment activities was 213,731,548.01 CNY, a decrease from 623,476,507.74 CNY in the prior period[92]. - The company reported a cash outflow of 30,139,521.62 CNY related to financing activities, with no cash inflow recorded during the period[92]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,627,452,498.29, a 10.75% increase from ¥3,275,244,571.62 at the end of the previous year[8]. - The company's total assets amounted to CNY 3,627,452,498.29, an increase from CNY 3,275,244,571.62 as of December 31, 2020, reflecting a growth of approximately 10.7%[49]. - The company's total liabilities increased to CNY 963,069,234.66 from CNY 748,037,429.41, representing a rise of approximately 28.7%[65]. - Total liabilities increased to CNY 848,506,480.39 from CNY 628,009,329.25, marking a rise of around 35.1%[55]. - The total equity attributable to shareholders rose to CNY 2,777,942,838.77 from CNY 2,646,216,863.83, reflecting an increase of about 5%[58]. Investments and Projects - The company adjusted the investment amount for the all-media integration cloud platform project from RMB 42.41018 million to RMB 37.91018 million, with the deadline extended to December 2022[36]. - The copyright content procurement project total investment was adjusted from RMB 65.143 million to RMB 69.643 million, with the deadline extended to December 2023[36]. - The company has invested RMB 20.09438 million in the all-media integration cloud platform project, achieving 53.01% of the planned investment[32]. - The company has invested RMB 19.30151 million in the copyright content procurement project, achieving 27.71% of the planned investment[32]. Shareholder Information - The top shareholder, Guangdong Radio and Television Station, holds 25.60% of the shares, with a total of 59,158,292 shares[12]. - The company did not engage in any repurchase transactions during the reporting period[16]. - As of March 31, 2021, the company has repurchased 591,258 shares, accounting for 0.26% of the total share capital, with a total transaction amount of RMB 29.98 million[31]. - The maximum repurchase price for shares is set at RMB 94 per share, with a total repurchase fund not less than RMB 50 million and not exceeding RMB 100 million[31]. Regulatory and Compliance - The company has established mechanisms to prevent copyright disputes, ensuring the legality of copyright provided by partners[28]. - The company has no reported violations regarding external guarantees during the reporting period[44]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[44]. - The company did not engage in any research, communication, or interview activities during the reporting period[45]. - The first quarter report for 2021 was not audited[116]. Future Outlook - The company plans to strengthen brand building and market promotion to enhance user scale and conversion rates[26]. - Future tax policy changes could impact the company's operating performance due to the expiration of tax incentives[27]. - The penetration rate of Guangdong IPTV users among fixed broadband users is close to 50%, indicating potential growth risks[26].