GZCBN(SH:600996)2024-04-26 15:44Financial Performance - Operating revenue for Q1 2024 was CNY 360,840,832.47, a decrease of 42.78% compared to the same period last year[3]. - Net profit attributable to shareholders was a loss of CNY 190,062,800.75, representing a decline of 9,290.64% year-on-year[3]. - The company reported a basic earnings per share of -CNY 0.16, a decrease of 8,100% year-on-year[3]. - Net profit for Q1 2024 was a loss of CNY 203,976,472.41, compared to a profit of CNY 1,954,195.42 in Q1 2023[31]. - The company reported a net loss attributable to shareholders of CNY 190,062,800.75 for Q1 2024, down from a profit of CNY 2,068,003.95 in Q1 2023[31]. - The company reported a comprehensive loss of approximately ¥181.04 million in Q1 2024, compared to a comprehensive income of ¥973.99 million in Q1 2023[39]. Cash Flow - Net cash flow from operating activities increased by 242.75% to CNY 89,329,050.02[3]. - The net cash flow from operating activities was 242.75 million RMB, attributed to a decrease in cash payments related to operating activities[20]. - In Q1 2024, the net cash flow from operating activities was CNY 162,686,308.23, a significant increase from CNY 41,584,638.42 in Q1 2023, representing a growth of approximately 290%[59]. - The cash outflows from operating activities totaled CNY 431,171,569.12, resulting in a net cash flow from operating activities of CNY 89,329,050.02[33]. - The company reported a net cash outflow from investing activities of approximately ¥262.81 million in Q1 2024, compared to an outflow of ¥287.39 million in Q1 2023[42]. - The net cash flow from investment activities was -CNY 283,651,800.81, an improvement from -CNY 460,695,461.28 in the same period last year[58]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 16,943,706,760.11, down 2.13% from the previous year[3]. - The total assets as of March 31, 2024, amounted to 5,121.64 million RMB, down from 5,517.44 million RMB at the end of 2023[26]. - The total liabilities decreased from 3,000 million RMB at the end of 2023 to 2,800 million RMB as of March 31, 2024[26]. - The total liabilities amounted to CNY 12,503,693,833.13, slightly down from CNY 12,632,846,600.00 year-over-year[56]. - The total owner's equity decreased to CNY 3,813,848,169.26 from CNY 3,994,817,145.54 in the previous year, reflecting a decline of approximately 4.5%[56]. - The total equity attributable to shareholders as of Q1 2024 was approximately ¥3.78 billion, down from ¥3.97 billion in Q1 2023, representing a decline of about 5%[46]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 55,082[7]. - Major shareholder Guizhou Broadcasting and Television Investment Co., Ltd. held 32.48% of the shares, with 140,240,000 shares pledged[7]. - There were no changes in the top ten shareholders or their shareholding percentages compared to the previous period[22]. Operating Costs and Expenses - Total operating costs for Q1 2024 were CNY 604,648,994.01, slightly down from CNY 608,973,882.92 in Q1 2023[30]. - Financial expenses for Q1 2024 were CNY 80,620,512.45, up from CNY 59,359,510.06 in Q1 2023, reflecting higher borrowing costs[30]. - Research and development expenses for Q1 2024 were CNY 2,922,823.92, compared to CNY 2,769,891.31 in Q1 2023, indicating an increase in investment in innovation[30]. - Research and development expenses for Q1 2024 were approximately ¥158.72 thousand, down from ¥464.45 thousand in Q1 2023, showing a reduction of about 66%[38]. Future Outlook - The company has not disclosed any significant new product developments or market expansion strategies during this reporting period[20]. - The company has plans for future market expansion and new product development, although specific details were not disclosed in the report[36].