星辉娱乐(300043) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥302,205,055.92, a decrease of 6.00% compared to ¥321,494,068.02 in the same period last year[4] - The net profit attributable to shareholders was -¥96,740,009.42, representing a decline of 133.54% from -¥41,423,597.48 year-over-year[4] - Basic and diluted earnings per share were both -¥0.08, a decrease of 166.67% from -¥0.03 in the same period last year[4] - Total operating revenue for the first quarter of 2024 was CNY 302.21 million, a decrease of 6.00% compared to the same period last year[20] - The net profit attributable to shareholders of the listed company was CNY -96.74 million, a decline of 133.54% year-on-year[20] - Net loss for Q1 2024 was CNY 96,976,556.58, compared to a net loss of CNY 41,556,664.52 in the same period last year[31] Cash Flow - The net cash flow from operating activities decreased by 75.91%, amounting to ¥9,488,571.61 compared to ¥39,384,950.93 in the previous year[4] - The cash flow from operating activities generated a net inflow of CNY 9,488,571.61, down from CNY 39,384,950.93 in the previous period[33] - The net cash flow from investment activities was -38,539,167.91, compared to -78,496,973.72 in the previous period, indicating an improvement of approximately 50.9%[34] - The net cash flow from financing activities improved significantly to 32,910,252.97 from 5,552,871.94, marking an increase of approximately 492.5%[34] - The net increase in cash and cash equivalents was ¥6,287,106.56, a 129.93% improvement from -¥21,003,562.88 in the same period last year[9] - The cash inflow from financing activities totaled 404,896,631.94, up from 397,415,482.81, reflecting an increase of about 1.2%[34] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,211,199,914.78, down 2.53% from ¥4,320,330,724.14 at the end of the previous year[4] - The total equity attributable to shareholders decreased by 6.12%, totaling ¥1,815,880,215.84 compared to ¥1,934,177,026.29 at the end of the previous year[4] - Current liabilities increased slightly from CNY 1,599,764,690.42 to CNY 1,639,860,403.48, primarily due to higher short-term borrowings[27] - Non-current liabilities decreased from CNY 787,096,162.09 to CNY 756,466,469.05, indicating a reduction in long-term financial obligations[27] Business Segments - The company faced significant revenue decline in the football club business due to participation in lower-tier leagues, impacting overall revenue[20] - The gaming business revenue is expected to grow with the launch of new products, although it has not yet generated profit due to increased promotional expenses[20] - The company implemented cost control measures in the football club, but still faced losses due to revenue not covering operational costs[20] - The toy business experienced double growth in both revenue and profit compared to the previous year, aided by new product launches under official licenses from Audi and Ferrari[23] - The football club's revenue from broadcasting rights, sponsorship, and advertising significantly declined, leading to substantial losses despite cost control measures[24] Operational Changes - The company is focusing on technological upgrades and supply chain improvements for smart manufacturing in the toy sector[23] - The club implemented salary reductions for most first-team players and coaching staff to lower operational costs, with 12 youth academy players making the first-team roster[25] - The company plans to launch multiple IP products and mini-program games globally, leveraging a mix of self-publishing and channel revenue-sharing models[22] Miscellaneous - The company did not undergo an audit for the first quarter report[35] - The report was released by the board of directors on April 29, 2024[35]