广西广电(600936) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 278,346,755.36, representing a decrease of 36.97% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY -174,671,379.21, indicating a significant loss[5]. - The basic and diluted earnings per share were both CNY -0.1, a decrease of 42.86% year-on-year[5][8]. - The weighted average return on equity was -12.07%, a decrease of 6.59 percentage points compared to the previous year[5][8]. - The decline in revenue and profit was primarily attributed to increased market competition and shifts in user viewing habits, particularly in cable television services[8]. - The company reported a net loss of RMB 1,635,083,447.29 for Q1 2024, compared to a net loss of RMB 1,460,412,068.08 in Q4 2023[16]. - In Q1 2024, the company reported a net loss of ¥174,671,379.21, compared to a net loss of ¥119,073,965.99 in Q1 2023, representing an increase in loss of approximately 46.5% year-over-year[20]. - Operating profit for Q1 2024 was -¥174,225,622.45, worsening from -¥120,366,096.56 in the same period last year[20]. - Total revenue from sales and services received was ¥301,353,938.16, down from ¥331,136,550.70 in Q1 2023, indicating a decline of about 9%[23]. - The net profit for Q1 2024 was a loss of CNY 159.29 million, compared to a loss of CNY 112.09 million in Q1 2023, indicating a worsening financial performance[32]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY -99,414,835.61, reflecting a decline in cash generation capabilities[5]. - The company experienced a net cash outflow from operating activities of -¥99,414,835.61, compared to -¥36,854,740.26 in Q1 2023, reflecting a significant increase in cash burn[25]. - Cash and cash equivalents at the end of Q1 2024 stood at ¥188,898,299.44, down from ¥263,601,479.90 at the beginning of the quarter[25]. - The company's cash and cash equivalents decreased to RMB 234,053,004.36 from RMB 309,376,104.72 as of December 31, 2023, indicating a decline of about 24.3%[13]. - The net cash flow from investing activities was -66,136,340.11, compared to -69,187,228.45 in the previous year, indicating a slight improvement[36]. - The net cash flow from financing activities was 92,313,666.04, a turnaround from -359,198,414.81 in the previous year[36]. - The ending cash and cash equivalents balance was 166,686,418.84, up from 128,946,620.11 year-over-year[36]. - The company had an initial cash and cash equivalents balance of 236,711,644.26, down from 569,034,353.10 year-over-year[36]. Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 7,923,480,819.44, down 2.27% from the end of the previous year[6]. - Total assets as of March 31, 2024, were RMB 7,923,480,819.44, down from RMB 8,107,185,982.86 at the end of 2023, representing a decrease of approximately 2.3%[15]. - Total liabilities decreased to RMB 6,562,423,378.02 from RMB 6,571,457,162.23, reflecting a slight reduction of about 0.14%[16]. - The company's total equity decreased to RMB 1,361,057,441.42 from RMB 1,535,728,820.63, indicating a decline of approximately 11.3%[16]. - The company's total equity decreased from CNY 1.51 billion to CNY 1.35 billion, a decline of about 10.3%[29]. Borrowings and Expenses - Short-term borrowings increased significantly to RMB 556,657,059.64 from RMB 265,200,506.86, marking an increase of about 109.5%[15]. - The company raised ¥391,000,000.00 through borrowings in Q1 2024, a substantial increase from ¥79,300,000.00 in Q1 2023[25]. - Financial expenses increased to ¥44,215,857.39 in Q1 2024 from ¥40,663,537.29 in Q1 2023, marking an increase of about 13.5%[20]. - The company reported a significant increase in financial expenses, totaling CNY 43.97 million in Q1 2024, compared to CNY 40.64 million in Q1 2023, an increase of 5.7%[32]. - Research and development expenses decreased to ¥13,097,938.03 in Q1 2024 from ¥15,083,651.05 in Q1 2023, a reduction of approximately 13.2%[20]. - Research and development expenses for Q1 2024 were CNY 13.09 million, down from CNY 15.08 million in Q1 2023, a decrease of 13.1%[32]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 43,588[10].