BJCT(SZ:000802)2024-04-17 10:08Financial Performance - The company's operating revenue for Q1 2024 was ¥6,199,392.55, a decrease of 93.84% compared to ¥100,570,078.95 in the same period last year[5] - The net profit attributable to shareholders for Q1 2024 was -¥13,700,994.29, representing a decline of 16.50% from -¥11,760,259.50 in the previous year[5] - The weighted average return on equity was -1.10%, a decrease of 0.33% from -0.77% in the previous year[5] - Total operating revenue for the current period is 6,199,392.55, a significant decrease from 100,570,078.95 in the previous period, representing a decline of approximately 93.83%[26] - The company reported a net loss of 76,136.97 from non-operating income and expenses after tax effects and minority interests[27] - The net profit for the first quarter of 2024 was -13,701,061.87 CNY, compared to -11,768,140.51 CNY in the same period last year, representing an increase in net loss of approximately 16.4%[33] - Operating profit for the first quarter was -11,514,062.92 CNY, slightly worse than -11,302,885.60 CNY in the previous year[33] - Total comprehensive income for the first quarter was -13,701,061.87 CNY, compared to -11,768,140.51 CNY in the previous year, indicating a decline in overall financial performance[33] - Basic and diluted earnings per share for the first quarter were both -0.0191 CNY, compared to -0.0164 CNY in the same period last year[33] Cash Flow and Liquidity - The net cash flow from operating activities increased by 246.77% to ¥134,671,197.56, compared to -¥91,755,970.96 in the same period last year[5] - The net increase in cash and cash equivalents was ¥70,867,028.09, a 322.95% increase from -¥31,786,088.97 in the same period last year[11] - As of March 31, 2024, the company's cash and cash equivalents amounted to ¥165,204,362.58, an increase from ¥94,334,432.11 at the beginning of the period, representing a growth of approximately 75%[19] - The company reported cash and cash equivalents at the end of the quarter amounting to 162,260,577.79 CNY, up from 26,989,613.90 CNY at the end of the previous year[40] Assets and Liabilities - The total assets at the end of Q1 2024 were ¥2,626,842,676.92, down 4.32% from ¥2,745,351,059.70 at the end of the previous year[5] - Current liabilities total 1,312,995,166.52, down from 1,417,511,908.07, showing a reduction of about 7.37%[25] - Non-current liabilities are reported at 96,169,908.58, slightly decreased from 96,460,487.94, indicating a decline of about 0.30%[25] - The total liabilities amount to 1,409,165,075.10, down from 1,513,972,396.01, representing a decrease of approximately 6.90%[25] - The total equity attributable to shareholders of the parent company is 1,237,686,080.64, down from 1,251,387,074.93, reflecting a decline of about 1.09%[25] Operating Costs and Expenses - The company's operating costs for Q1 2024 were ¥750,000.00, a significant decrease of 99.21% from ¥95,496,382.50 in the same period last year[11] - Total operating costs for the current period are 26,240,437.58, down from 113,635,775.56 in the previous period, indicating a reduction of about 76.92%[26] - The company reported a management expense of 20,946,108.94 for the current period, compared to 18,144,209.27 in the previous period, an increase of approximately 15.5%[26] - Financial expenses increased by 3,239.86% to ¥4,514,164.03, compared to -¥143,769.63 in the previous year[11] - Financial expenses for the current period are 4,514,164.03, compared to -143,769.63 in the previous period, indicating a significant increase in financial costs[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 53,543[12] - The largest shareholder, Fude Life Insurance Co., Ltd., held 15.60% of the shares[12] - The total number of shareholders holding more than 5% of shares has not changed, indicating stability in ownership structure[15] Project Development - The company has multiple film projects in various stages, including "The Three-Body Problem" series, which is currently in post-production[18] - The project "Let Me Stay By Your Side" is in preparation, with no confirmed shooting schedule yet[18] - The company has obtained filming permits for several projects, indicating progress in its production pipeline[18] - The company reported a total of 10 major film and television projects, with varying degrees of completion and market readiness[18] - The company is actively adjusting its project portfolio based on market conditions, highlighting a strategic approach to content production[18] Accounts Receivable and Inventory - Accounts receivable decreased to ¥28,338,292.08 from ¥204,097,548.93, indicating a reduction of about 86%[19] - Prepayments increased to ¥940,750,480.11 from ¥871,426,940.11, reflecting a growth of approximately 8.0%[19] - Inventory decreased to ¥188,698,844.90 from ¥254,826,105.68, showing a decline of about 26%[19] Credit and Borrowings - The company incurred interest expenses of 4,926,338.38 CNY during the quarter, while interest income was 423,751.73 CNY[33] - The company reported a credit impairment loss of 8,881,463.77 CNY, compared to 1,930,829.44 CNY in the previous year, indicating a significant increase in credit risk[33] - The company had a total of 60,000,000.00 CNY in borrowings during the quarter, which were fully repaid, resulting in a net cash outflow from financing activities of -63,804,169.47 CNY[40]