凤凰传媒(601928) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 3,343,534,073.54, representing a year-on-year increase of 3.31%[4] - The net profit attributable to shareholders decreased by 26.26% to CNY 356,110,791.77 compared to the same period last year[4] - Net profit for Q1 2024 was CNY 362,041,173.87, a decrease of 28% from CNY 501,961,242.28 in Q1 2023[20] - Earnings per share for Q1 2024 were CNY 0.1399, down from CNY 0.1898 in Q1 2023[22] - The comprehensive income for Q1 2024 totaled CNY 342,941,195.36, down from CNY 490,130,452.15 in Q1 2023[22] Cash Flow - The net cash flow from operating activities fell significantly by 65.39% to CNY 227,979,560.54[4] - In Q1 2024, the net cash flow from operating activities was ¥227,979,560.54, a decrease of 65.4% compared to ¥658,636,140.02 in Q1 2023[24] - The cash outflow for operating activities totaled ¥2,949,359,409.03, compared to ¥2,548,411,628.49 in Q1 2023, reflecting a 15.7% increase[24] - The total cash inflow from investment activities was ¥4,534,391,082.72, significantly up from ¥2,509,461,831.57 in the same period last year[24] - The net cash flow from investment activities was ¥223,851,148.79, recovering from a negative cash flow of ¥4,721,692,338.66 in Q1 2023[24] - Cash and cash equivalents increased to CNY 3,490,512,115.68 from CNY 3,074,074,454.65, reflecting a growth of approximately 13.6%[14] - The total cash and cash equivalents at the end of Q1 2024 stood at ¥3,483,673,715.88, compared to ¥2,253,570,763.28 at the end of Q1 2023[25] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 31,311,860,850.01, a slight decrease of 0.12% from the end of the previous year[5] - The company's total liabilities decreased to CNY 11,540,670,020.79 in Q1 2024 from CNY 11,921,086,397.53 in Q1 2023, a reduction of approximately 3.2%[17] - The total current assets decreased to CNY 11,701,821,737.09 from CNY 12,199,629,040.32, representing a decline of approximately 4.1%[15] - Non-current assets totaled CNY 19,610,039,112.92, an increase from CNY 19,150,784,991.12, showing a growth of about 2.4%[15] - The company's inventory decreased to CNY 1,619,812,601.39 from CNY 2,170,534,654.16, reflecting a decline of approximately 25.4%[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 44,076[9] - The largest shareholder, Jiangsu Phoenix Publishing and Media Group Co., Ltd., holds 62.8% of the shares[9] - The company has not reported any significant changes in shareholder relationships or actions among the top shareholders[12] Research and Development - Research and development expenses decreased by 37.68% during the period[8] - Research and development expenses for Q1 2024 were CNY 6,013,810.73, down from CNY 9,649,442.49 in Q1 2023, indicating a decrease of 37.5%[18] Credit and Impairment - The company reported a significant increase in credit impairment losses by 209.03% due to the recovery of previously impaired receivables[8] - The company reported a credit impairment loss of CNY 20,481,212.23 in Q1 2024, compared to a gain of CNY 18,784,758.04 in Q1 2023[20]