锋尚文化(300860) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥34,535,255.35, representing a 109.37% increase compared to ¥16,494,467.20 in the same period last year[5] - The net profit attributable to shareholders was -¥5,864,567.47, a decrease of 74.37% from -¥3,363,267.97 year-on-year[5] - The net profit for Q1 2024 was a loss of ¥6,688,552.95, compared to a loss of ¥3,978,014.85 in Q1 2023, reflecting a deterioration in profitability[38] - The total operating costs rose to ¥58,314,154.87, up 44.4% from ¥40,390,365.07 in Q1 2023, with operating costs specifically increasing from ¥13,210,055.25 to ¥30,832,227.30[37] - The total comprehensive income for Q1 2024 was -¥6,688,552.95, compared to -¥3,978,014.85 in the previous year[38] - The company's diluted earnings per share for Q1 2024 was -¥0.04, unchanged from the previous year[5] - The company reported a basic and diluted earnings per share of -¥0.04, worsening from -¥0.02 in Q1 2023[38] Cash Flow and Assets - The net cash flow from operating activities increased significantly by 1,079.49%, reaching ¥15,701,460.63 compared to -¥1,603,021.65 in the previous year[5] - Cash and cash equivalents at the end of the period are RMB 756.395 million, slightly down from RMB 764.017 million at the beginning of the period[33] - The cash flow from operating activities generated a net inflow of ¥15,701,460.63, a recovery from a net outflow of ¥1,603,021.65 in the previous year[41] - The cash flow from investing activities showed a net inflow of ¥2,996,578.54, down from ¥54,867,149.47 in Q1 2023[41] - The cash flow from financing activities resulted in a net outflow of ¥18,739,011.58, compared to a net outflow of ¥23,570,608.20 in the same period last year[42] - The company’s cash and cash equivalents decreased by 1.00% to ¥756,394,669.34 compared to the end of the previous year[10] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 13,079[14] - The largest shareholder, Sha Xiaolan, holds 41.89% of the shares, totaling 57,457,799 shares[14] - The second-largest shareholder, Wang Fangyun, holds 12.99% of the shares, totaling 17,812,500 shares[14] - The top three shareholders collectively hold 63.65% of the company's shares[14] - The company has a repurchase account holding 1,453,220 shares, representing 1.06% of the total shares[15] - The shareholder relationship indicates that Sha Xiaolan and Wang Fangyun are spouses, with Sha controlling 8.77% of the shares through a partnership[15] - The total number of shares held by the top ten unrestricted shareholders is 100,000,000 shares[15] Order Backlog and Contracts - The company had a backlog of orders amounting to ¥900 million as of March 31, 2024, with new contracts signed totaling ¥379 million in Q1 2024[9] - The gross margin for projects related to the 14th National Winter Games was notably low due to increased labor costs during the Spring Festival[9] - The company’s contract liabilities increased by 72.13% to ¥183,867,274.59, reflecting an increase in new project signings[10] - The company reported a significant increase in contract liabilities, rising to RMB 183.867 million from RMB 106.816 million, indicating growth in advance payments received[34] Changes in Stock Structure - The company’s stock structure changed, with restricted shares decreasing and unrestricted shares increasing to 80,487,984 after the lock-up release[27] - A total of 87,297,299 shares, accounting for 63.64% of the total share capital, were released from lock-up on February 26, 2024, with 30,844,575 shares available for public trading, representing 22.49% of the total share capital[25] - The total number of restricted shares decreased from 87,524,339 to 56,679,764 after the release of lock-up shares[27] - The company has not reported any changes in the number of shares due to lending or returning shares in the current period[17] Management and Corporate Governance - The company’s management personnel changes included the resignation of Vice President Wang Xuechen, who held 7,200 restricted shares[22] - The company has approved the cancellation of 478,800 restricted stocks that have been granted but not yet vested[30] - The company’s management confirmed compliance with regulations regarding the release of restricted shares and the repurchase of shares[25] - The company has not disclosed any new strategies or market expansions in this report[16] Subsidiary and Tax Benefits - The company’s subsidiary, Beijing Fengshang Interactive Entertainment Technology Co., Ltd., received the High-tech Enterprise Certificate, allowing it to enjoy a 15% corporate income tax rate for three years from 2023 to 2025[21] Total Assets and Liabilities - The company reported a total of ¥3,716,456,082.78 in total assets as of March 31, 2024, a slight increase of 0.12% from the end of the previous year[5] - The company's total liabilities as of March 31, 2024, are RMB 419.331 million, an increase from RMB 392.591 million at the beginning of the period[34] - The total equity attributable to the parent company is RMB 3.255 billion, a decrease from RMB 3.280 billion at the beginning of the period[35] - As of March 31, 2024, the total assets amount to RMB 3.716 billion, with current assets at RMB 3.386 billion and non-current assets at RMB 330.463 million[34]