CHANGHONG(SH:600839)2024-04-25 10:25Financial Performance - The company's operating revenue for Q1 2024 was approximately ¥23.77 billion, representing a 3.61% increase year-over-year[6] - Net profit attributable to shareholders was approximately ¥175.66 million, a significant increase of 111.77% compared to the previous year[6] - The basic earnings per share for the quarter was ¥0.0381, reflecting an increase of 111.67%[6] - The weighted average return on equity rose to 1.2385%, an increase of 0.6322 percentage points from the previous year[6] - The net profit excluding non-recurring gains and losses was approximately ¥130.02 million, up 49.81% year-over-year[6] - Net profit for Q1 2024 was ¥441.02 million, up 64.0% from ¥268.88 million in Q1 2023[21] - The company reported a profit before tax of ¥544.92 million for Q1 2024, compared to ¥326.93 million in Q1 2023[21] Cash Flow - The net cash flow from operating activities was negative at approximately -¥3.08 billion, indicating a significant cash outflow[6] - In Q1 2024, the cash inflow from operating activities was CNY 24.61 billion, an increase of 11.5% compared to CNY 22.05 billion in Q1 2023[23] - The net cash outflow from operating activities was CNY -3.08 billion, slightly improved from CNY -3.10 billion in the same period last year[23] - Cash inflow from investment activities totaled CNY 1.59 billion, up 84.3% from CNY 862.30 million in Q1 2023[24] - The total cash and cash equivalents at the end of Q1 2024 were CNY 19.75 billion, compared to CNY 13.72 billion at the end of Q1 2023[24] Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥94.82 billion, a slight increase of 0.44% from the previous year[6] - Current assets totaled RMB 70,585,258,173.50, slightly up from RMB 70,576,584,981.89, indicating a marginal increase of 0.01%[17] - The total liabilities increased to RMB 70,585,258,173.50, compared to RMB 70,576,584,981.89, showing a slight increase of 0.01%[17] - The total liabilities as of Q1 2024 amounted to ¥70.50 billion, slightly up from ¥70.34 billion in Q1 2023[18] - The total assets of the company amounted to CNY 31,811,139,288.34 in Q1 2024, compared to CNY 32,052,115,203.30 in Q1 2023, showing a decline of about 0.75%[27] Investment and Expenses - The company reported a significant increase in investment income by 642.71%, primarily due to improved performance from invested enterprises[9] - Research and development expenses for Q1 2024 were ¥453.11 million, down 13.0% from ¥520.99 million in Q1 2023[20] - Research and development expenses for Q1 2024 were CNY 32,174,519.59, down from CNY 44,421,441.51 in Q1 2023, indicating a decrease of approximately 27.5%[28] Equity and Shareholder Information - Total equity attributable to shareholders of the parent company increased to ¥14.27 billion from ¥14.13 billion year-over-year[18] - The company's total equity increased slightly to CNY 8,737,999,481.75 in Q1 2024 from CNY 8,734,652,296.05 in Q1 2023[26] Other Financial Metrics - Other comprehensive income after tax for Q1 2024 was ¥6.56 million, down from ¥12.71 million in Q1 2023[21] - The company continues to optimize its television business structure, contributing to improved sales and profitability[9]