Financial Performance - The company's operating revenue for Q1 2024 was ¥47,359,483.62, representing a 7.55% increase compared to ¥44,034,378.52 in the same period last year[5] - Net profit attributable to shareholders decreased by 67.79% to ¥2,015,956.50 from ¥6,258,894.27 year-on-year[5] - Basic and diluted earnings per share dropped by 75.00% to ¥0.01 from ¥0.04 in the same period last year[5] - The operating profit for Q1 2024 is CNY 2,518,596.02, down 59.9% from CNY 6,278,126.94 in the same period last year[20] - The total profit before tax for Q1 2024 is CNY 2,515,552.34, down from CNY 6,279,967.78 in Q1 2023, reflecting a decline of 60.0%[20] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥-21,884,679.20, a decline of 297.31% compared to ¥-5,508,193.05 in the previous year[5] - Cash and cash equivalents at the end of the first quarter were RMB 501,354,445.23, down from RMB 536,494,435.97 at the beginning of the period[14] - The cash flow from operating activities shows a net outflow of CNY -21,884,679.20, compared to a smaller outflow of CNY -5,508,193.05 in Q1 2023[24] - The cash and cash equivalents at the end of the period decreased to CNY 500,189,647.11 from CNY 597,706,484.90 at the end of Q1 2023[25] - The company’s total investment activity cash outflow was CNY 13,255,311.54, compared to CNY 591,295.60 in the previous year[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥932,053,441.28, down 3.65% from ¥967,341,688.82 at the end of the previous year[5] - Total current assets amounted to RMB 651,002,091.83, a decrease from RMB 673,277,907.26[14] - Total liabilities decreased to RMB 117,891,007.86 from RMB 155,203,248.07, reflecting a reduction of approximately 24%[17] - The total equity attributable to shareholders increased slightly to RMB 812,556,149.55 from RMB 810,540,193.05[17] - Non-current assets totaled RMB 281,051,349.45, down from RMB 294,063,781.56[16] Expenses and Losses - Management expenses increased by 33.91% to ¥10,812,662.96 due to higher rent and property fees[9] - The company reported a significant increase in credit impairment losses, rising 766.31% to ¥1,083,001.99, attributed to reduced provisions for bad debts[9] - The company incurred a credit impairment loss of CNY 1,083,001.99, significantly higher than CNY 125,013.27 in Q1 2023[20] - The total operating costs increased to CNY 46,132,943.22 from CNY 37,980,412.29, representing a rise of 21.3% year-over-year[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,139, with the largest shareholder holding 44.99% of the shares[11] Management Changes - The company appointed a new general manager, Huang Wei, effective January 18, 2024, following the resignation of Chen Yanjun[13] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[12]
川网传媒(300987) - 2024 Q1 - 季度财报