XMGF(SZ:300770)2023-04-21 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥356,743,477.72, representing a decrease of 8.15% compared to the same period last year[3]. - Net profit attributable to shareholders was ¥170,442,727.10, a slight decline of 0.63% year-over-year[3]. - Total operating revenue for the current period is ¥356,743,477.72, a decrease of 8.1% from ¥388,392,331.43 in the previous period[25]. - The total profit for the period was 171,791,409.71, compared to 172,618,483.23 in the previous period[41]. Cash Flow - The net cash flow from operating activities increased by 8.74% to ¥377,725,521.85 compared to the previous year[3]. - Cash inflow from operating activities totaled ¥716,661,673.78, an increase from ¥642,109,834.49 in the previous period[28]. - Net cash flow from investing activities decreased by 139.71% to -7,573,305.41, primarily due to a higher recovery of fixed deposits over three months in the previous period[34]. - Net cash flow from financing activities decreased by 270.41% to -2,526,830.07, mainly due to an increase in lease liability payments during the period[34]. - Total cash and cash equivalents at the end of the period reached $2.77 billion, up from $2.12 billion year-over-year[45]. - The net increase in cash and cash equivalents for the period was $367.63 million, slightly higher than $365.75 million in the previous year[45]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,818,295,490.09, reflecting a growth of 9.85% from the end of the previous year[3]. - Total current assets rose to ¥4,386,679,348.17, compared to ¥3,929,319,032.26 in the previous period, reflecting a growth of 11.6%[24]. - Total liabilities increased to ¥1,168,449,864.71 from ¥906,668,211.84, marking a rise of 29.0%[25]. - Non-current assets decreased to ¥431,616,141.92 from ¥456,906,229.70, a decline of 5.5%[24]. Equity and Shareholder Information - The total equity attributable to shareholders increased by 4.91% to ¥3,639,251,108.33 compared to the end of the previous year[3]. - The largest shareholder, Guangdong Southern Broadcasting Media Group, holds 38.75% of shares, totaling 89,524,119[34]. - The total number of common shareholders at the end of the reporting period was 20,509[34]. Expenses - The company recorded a decrease in sales expenses by 53.70%, amounting to ¥7,169,055.11, attributed to reduced promotional costs[6]. - Research and development expenses increased to 11,293,618.76, compared to 10,927,412.32 in the previous period[41]. - Cash paid for employee compensation was $42.84 million, compared to $44.25 million last year[45]. Tax and Impairment - The company reported a 244.96% increase in tax and additional fees, totaling ¥3,639,338.92, mainly due to increased VAT payments[6]. - Income tax expenses increased by 70.20% to 1,424,729.87, attributed to an increase in total profits of subsidiaries during the period[34]. - Credit impairment losses increased by 937.70% to -4,495,482.34, primarily due to an increase in accounts receivable at the end of the period[34]. - Asset impairment losses rose by 125.09% to 1,780,711.99, mainly due to a decrease in contract assets at the end of the period[34]. Accounts Receivable and Inventory - Accounts receivable increased significantly by 472.28% to ¥191,626,286.36, primarily due to the inclusion of receivables from the Guangdong IPTV business[6]. - Accounts receivable increased to ¥191,626,286.36 from ¥33,484,776.64, indicating a significant rise in credit sales[24]. - Inventory increased to ¥425,082.26 from ¥281,722.17, showing a rise of 50.8%[24].