东方明珠(600637) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥1,594,904,179.66, representing a decrease of 6.54% compared to the same period last year[4] - The net profit attributable to shareholders was ¥118,615,608.40, down 53.32% year-over-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥93,059,533.79, a decrease of 46.27% compared to the previous year[4] - The basic earnings per share were ¥0.0353, reflecting a decline of 53.31% year-over-year[4] - The diluted earnings per share were also ¥0.0353, showing a decrease of 53.31% compared to the same period last year[4] - Operating profit for Q1 2024 was CNY 161,767,378.32, a decline of 49.6% from CNY 320,595,582.07 in Q1 2023[17] - Net profit for Q1 2024 was CNY 164,274,312.30, compared to CNY 320,350,832.76 in Q1 2023, indicating a significant drop in profitability[17] - The net profit for Q1 2024 was approximately $102.18 million, a decrease of 58.5% compared to $245.86 million in Q1 2023[18] - The total comprehensive income for Q1 2024 was approximately $137.67 million, down from $471.46 million in Q1 2023, reflecting a decline of 70.8%[18] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥592,154,270.54, indicating significant cash outflows during the quarter[4] - Operating cash flow for Q1 2024 was negative at approximately -$592.15 million, compared to -$60.38 million in Q1 2023, indicating a significant increase in cash outflow[19] - Cash inflow from operating activities totaled approximately $2.20 billion in Q1 2024, a slight increase from $2.13 billion in Q1 2023[19] - Cash outflow from investing activities was approximately $4.70 billion in Q1 2024, compared to $5.26 billion in Q1 2023, showing a decrease of 10.5%[20] - The net cash flow from financing activities for Q1 2024 was approximately $609.61 million, an increase from $188.42 million in Q1 2023[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥44,365,035,316.88, an increase of 0.51% from the end of the previous year[5] - Non-current assets totaled CNY 18,996,381,735.66, slightly down from CNY 19,077,747,776.79 in the previous quarter[16] - Current liabilities decreased to CNY 7,754,332,020.40 from CNY 7,840,475,137.99, indicating improved liquidity management[16] - Long-term borrowings rose to CNY 1,368,119,283.56 from CNY 1,154,313,773.29, reflecting increased leverage[16] Shareholder Information - The total number of common shareholders at the end of the reporting period was 136,367[9] - The largest shareholder, Shanghai Cultural Broadcasting Film and Television Group Co., Ltd., holds 1,569,830,431 shares, representing 46.69% of total shares[9] - The company has a total of 16,043,170 shares held by Guokai Financial Co., Ltd., representing 0.48% of total shares[10] - The company has not identified any related party relationships among the top ten shareholders, except for the controlling shareholder[10] - There were no significant changes in the borrowing or lending of shares among the top ten shareholders during the reporting period[11] Costs and Expenses - Total operating costs for Q1 2024 were CNY 1,438,654,706.99, down from CNY 1,492,804,702.10 in Q1 2023, reflecting a cost reduction strategy[17] - Research and development expenses for Q1 2024 were CNY 45,995,682.48, up from CNY 43,782,392.16 in Q1 2023, highlighting a focus on innovation[17] - The company reported a tax expense of approximately $62.10 million for Q1 2024, compared to $74.50 million in Q1 2023, indicating a reduction of 16.6%[18] Inventory and Receivables - The company's accounts receivable rose to approximately ¥1.92 billion, an increase of about 11.8% compared to ¥1.72 billion in December 2023[13] - Inventory increased significantly to approximately ¥4.07 billion, up from ¥3.35 billion, marking a growth of about 21.3%[13] Cash and Equivalents - The company's cash and cash equivalents as of March 31, 2024, were approximately ¥7.39 billion, down from ¥8.07 billion at the end of 2023, a decrease of about 8.3%[13] - The cash and cash equivalents at the end of Q1 2024 were approximately $7.09 billion, down from $7.49 billion at the end of Q1 2023[20] Investments - The company received approximately $100 million from new investments in Q1 2024, marking the beginning of a new funding round[20]