Xinhua Media(SH:600825)2024-04-25 07:52Financial Performance - The company's operating revenue for Q1 2024 was ¥162,884,393.16, representing a decrease of 1.77% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was ¥1,562,738.72, down 62.15% year-on-year[5]. - The basic and diluted earnings per share were both ¥0.001, reflecting a decline of 75.00% compared to the previous year[5]. - Operating profit for Q1 2024 was -¥25,624,672.90, compared to a profit of ¥4,008,240.81 in Q1 2023[18]. - Net profit for Q1 2024 was ¥1,588,514.44, down 60.7% from ¥4,046,689.54 in Q1 2023[19]. - The net profit for Q1 2024 was a loss of CNY 20,544,818.98, compared to a profit of CNY 765,894.73 in Q1 2023, indicating a significant decline[28]. Cash Flow - The net cash flow from operating activities was negative at ¥55,921,418.70, indicating a significant cash outflow[5]. - Cash flow from operating activities in Q1 2024 was -¥55,921,418.70, slightly worse than -¥55,761,580.44 in Q1 2023[22]. - The company's cash flow from operating activities increased to CNY 874,046.74 in Q1 2024, up from CNY 586,989.75 in Q1 2023[29]. - The net cash flow from operating activities for Q1 2024 was -$85.71 million, an improvement from -$151.39 million in Q1 2023, indicating a 43.4% reduction in losses[30]. - The total cash outflow from operating activities was $531.02 million, up from $400.11 million in Q1 2023, marking a 32.8% increase[30]. - The cash inflow from operating activities was $445.31 million, compared to $248.73 million in Q1 2023, showing an increase of 79.3%[30]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,154,311,871.77, an increase of 2.33% from the end of the previous year[6]. - The total assets as of March 31, 2024, were CNY 4,642,016,002.62, down from CNY 4,729,326,044.96 as of December 31, 2023[25]. - Total liabilities stood at CNY 1,677,296,084.46, up from CNY 1,594,446,183.99, reflecting an increase of about 5.18%[15]. - The total liabilities decreased to CNY 2,218,523,324.70 from CNY 2,295,569,523.67 in the previous period[25]. - The company's equity attributable to shareholders reached CNY 2,476,798,594.34, compared to CNY 2,464,954,880.01, showing a slight increase of approximately 0.48%[15]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 54,016[10]. - The largest shareholder, Shanghai Xinhua Publishing Group Co., Ltd., held 28.00% of the shares, while the second-largest shareholder, Shanghai Newspaper Group, held 23.49%[10]. - The company has not reported any significant changes in shareholder participation in margin financing or securities lending activities during the reporting period[12]. Operational Efficiency and Future Plans - The company plans to address the decline in net profit by focusing on improving operational efficiency and exploring new business opportunities[8]. Comprehensive Income - Other comprehensive income after tax for Q1 2024 was ¥10,280,975.61, a significant improvement from -¥42,549.39 in Q1 2023[19]. - Total comprehensive income for Q1 2024 was ¥11,869,490.05, compared to ¥4,004,140.15 in Q1 2023[19]. Investment Activities - Cash inflow from investment activities in Q1 2024 was ¥501,323,096.23, an increase from ¥483,543,539.42 in Q1 2023[22]. - Cash outflow for investment activities was ¥493,768,100.59 in Q1 2024, down from ¥595,794,139.32 in Q1 2023[22]. - The investment income for Q1 2024 was a loss of CNY 13,429,703.60, contrasting with a gain of CNY 2,372,124.53 in the same period last year[27]. Accounting Standards - The company did not apply new accounting standards for the first quarter of 2024[31].