皖新传媒(601801) - 2024 Q1 - 季度财报

Major Financial Data This section provides an overview of the company's key financial performance and position, including changes in profitability, cash flow, and balance sheet items Overview of Financial Indicators In Q1 2024, operating revenue decreased by 5.44% and net profit by 13.28%, while core business profitability improved and operating cash flow declined by 34.71% Key Financial Indicators | Indicator | Current Period | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 2.93 billion Yuan | -5.44% | | Net Profit Attributable to Parent Company Shareholders | 293.06 million Yuan | -13.28% | | Net Profit Attributable to Parent Company Shareholders (Excluding Non-recurring Items) | 314.62 million Yuan | 17.13% | | Net Cash Flow from Operating Activities | 614.64 million Yuan | -34.71% | | Basic Earnings Per Share (Yuan/share) | 0.15 Yuan | -11.76% | | Weighted Average Return on Net Assets | 2.48% | Decrease of 0.49 percentage points | | Asset Indicators | End of Current Period | Change from Prior Year-End (%) | | Total Assets | 19.69 billion Yuan | 4.38% | | Total Equity Attributable to Parent Company Shareholders | 11.87 billion Yuan | 1.20% | Non-recurring Gains and Losses Total non-recurring losses amounted to 21.56 million Yuan, primarily driven by fair value changes in financial instruments, partially offset by other gains Non-recurring Gains and Losses Items | Non-recurring Gains and Losses Item | Current Period Amount (Yuan) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | 1.18 million | | Government Grants Recognized in Current Profit/Loss | 2.50 million | | Gains/Losses from Fair Value Changes of Financial Assets/Liabilities | -33.02 million | | Net Non-operating Income and Expenses | 1.24 million | | Income Tax Impact | -7.06 million | | Impact on Minority Interests (After Tax) | 0.52 million | | Total | -21.56 million | Analysis of Changes in Key Financial Indicators Net cash flow from operating activities decreased by 34.71% year-over-year, mainly due to reduced cash collection from sales - Net cash flow from operating activities decreased by 34.71% year-over-year, primarily due to a decrease in cash collection from sales in the current period[28] Shareholder Information This section details the company's shareholder structure, including major holdings and changes in share capital Major Shareholder Holdings As of the reporting period end, the company had 24,669 shareholders, with a highly concentrated equity structure led by two major state-owned entities Major Shareholder Holdings | Shareholder Name | Shareholder Nature | Number of Shares Held | Holding Percentage (%) | | :--- | :--- | :--- | :--- | | Anhui Xinhua Distribution (Group) Holding Co., Ltd. | State-owned Legal Entity | 1.40 billion | 70.53 | | Xinhua Winshare Publishing and Media Co., Ltd. | State-owned Legal Entity | 124.45 million | 6.26 | | China Life Insurance Co., Ltd. - Traditional - Ordinary Insurance Products | - | 16.50 million | 0.83 | | Central Huijin Asset Management Co., Ltd. | - | 15.67 million | 0.79 | - As of the end of the reporting period, the company's dedicated share repurchase securities account held 31.27 million shares, representing 1.57% of the company's total share capital[12] - Xinhua Winshare Publishing and Media Co., Ltd., a shareholder holding over 5%, participated in securities lending, lending out 0.19 million shares at period-end[11][30] Quarterly Financial Statements This section presents the company's consolidated financial statements for the quarter, including the balance sheet, income statement, and cash flow statement Consolidated Balance Sheet As of March 31, 2024, total assets increased by 4.38% to 19.69 billion Yuan, driven by monetary funds and accounts receivable, while liabilities rose by 10.01% Consolidated Balance Sheet | Item | March 31, 2024 (Yuan) | December 31, 2023 (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 19.69 billion | 18.86 billion | 4.38% | | Monetary Funds | 10.95 billion | 10.68 billion | 2.54% | | Accounts Receivable | 2.20 billion | 0.98 billion | 125.13% | | Inventories | 1.13 billion | 1.65 billion | -31.78% | | Total Liabilities | 7.66 billion | 6.97 billion | 10.01% | | Accounts Payable | 3.63 billion | 2.94 billion | 23.26% | | Equity Attributable to Parent Company Owners | 11.87 billion | 11.73 billion | 1.20% | Consolidated Income Statement In Q1 2024, operating revenue decreased by 5.44% and net profit by 13.28%, primarily due to fair value and credit impairment losses, despite a 6.80% increase in operating profit Consolidated Income Statement | Item | Q1 2024 (Yuan) | Q1 2023 (Yuan) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 2.93 billion | 3.10 billion | -5.44% | | Total Operating Costs | 2.40 billion | 2.71 billion | -11.49% | | Operating Profit | 384.71 million | 360.20 million | 6.80% | | Gains/Losses from Fair Value Changes | -33.02 million | 65.90 million | -150.10% | | Credit Impairment Losses | -106.42 million | -94.91 million | -12.13% | | Total Profit | 385.94 million | 358.11 million | 7.77% | | Net Profit Attributable to Parent Company Shareholders | 293.06 million | 337.96 million | -13.28% | | Basic Earnings Per Share (Yuan/share) | 0.15 | 0.17 | -11.76% | Consolidated Cash Flow Statement In Q1 2024, operating cash flow significantly decreased by 34.71%, while both investing and financing cash outflows expanded by 26.50% and 101.71% respectively Consolidated Cash Flow Statement | Item | Q1 2024 (Yuan) | Q1 2023 (Yuan) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 614.64 million | 941.45 million | -34.71% | | Net Cash Flow from Investing Activities | -1.21 billion | -955.90 million | -26.50% | | Net Cash Flow from Financing Activities | -303.98 million | -150.66 million | -101.71% | | Net Increase in Cash and Cash Equivalents | -898.52 million | -165.11 million | -444.20% | - The decrease in operating cash flow was primarily due to cash received from sales of goods and services declining from 2.47 billion Yuan in the prior period to 1.98 billion Yuan[41] - The expansion of cash outflow from investing activities was mainly due to cash payments for investments increasing from 1.85 billion Yuan in the prior period to 2.32 billion Yuan[42]