横店影视(603103) - 2024 Q1 - 季度财报

Financial Performance - The net profit for the first quarter of 2024 was CNY 218,684,421.85, an increase of 46.4% compared to CNY 149,348,209.79 in the same period last year[1] - The basic and diluted earnings per share for the first quarter were CNY 0.34, up from CNY 0.24 year-on-year, representing a 41.67% increase[1] - The company's operating revenue for the reporting period reached ¥842,411,957.41, representing a year-on-year increase of 13.50%[24] - Net profit attributable to shareholders was ¥218,684,421.85, reflecting a significant increase of 46.43% compared to the previous year[24] - Operating profit for Q1 2024 was ¥220,981,322.10, up 36.8% from ¥161,396,191.07 in Q1 2023[51] - The total profit for Q1 2024 was ¥237,219,515.35, an increase of 45.4% from ¥163,141,245.12 in Q1 2023[51] Box Office Performance - The total box office revenue for the Chinese film market in the first quarter reached CNY 16.356 billion, a year-on-year growth of 3.14%[13] - Domestic films generated CNY 15.044 billion in box office revenue, marking a 6.57% increase compared to the previous year, with a market share of 91.97%[13] - The Spring Festival box office reached CNY 8.016 billion, a significant increase of 18.47% year-on-year, with 163 million viewers, up 26.36%[13] - A total of 93 new films were released in the first quarter, an increase of 17 films compared to the same period last year[13] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,029,211,574.11, a 12.64% increase from the end of the previous year[25] - The equity attributable to shareholders increased to ¥1,558,846,275.12, marking a 16.32% rise compared to the previous year[25] - The company's total liabilities reached RMB 2,000,000,000, up from RMB 1,500,000,000, marking a rise of 33.3%[48] - The total current liabilities increased to RMB 1,325,000,000, compared to RMB 1,000,000,000 in the previous period, showing a growth of 32.5%[48] Cash Flow and Investments - The net cash flow from operating activities amounted to ¥460,179,278.44, up by 45.75% year-on-year[24] - Cash and cash equivalents at the end of Q1 2024 totaled ¥1,216,843,536.92, compared to ¥467,057,076.51 at the end of Q1 2023, reflecting a growth of 160.0%[56] - Investment income for Q1 2024 was ¥41,574,805.19, a substantial increase from ¥1,170,271.15 in Q1 2023[51] - The company reported a decrease in interest income to ¥1,773,788.70 in Q1 2024 from ¥3,397,899.07 in Q1 2023[51] Operational Changes - The company opened 11 new direct-operated cinemas and added 71 screens during the reporting period, bringing the total to 442 direct-operated cinemas and 2,822 screens[29] - The company implemented a cinema closure policy, shutting down 1 cinema and 6 screens to enhance overall quality and competitiveness[29] Shareholder Information - The company’s major shareholder, Hengdian Group Holdings Co., Ltd., holds 80.35% of the shares[16] Non-Recurring Items - The company has not identified any non-recurring gains or losses for the reporting period[12] - Non-recurring gains included ¥42,594,448.11 from the disposal of non-current assets, contributing to the overall profit for the period[26]