SXBN(SH:600831)2024-04-29 08:49Financial Performance - The company's operating revenue for Q1 2024 was CNY 410,266,221.60, representing a decrease of 33.49% compared to CNY 616,863,585.17 in the same period last year[3]. - The net profit attributable to shareholders was a loss of CNY 93,166,659.67, a significant decline from a profit of CNY 7,485,198.74 in the previous year[3]. - The net cash flow from operating activities decreased by 85.03%, amounting to CNY 2,107,010.01 compared to CNY 16,346,118.42 in the prior year[3]. - Basic and diluted earnings per share were both CNY -0.1311, a shift from CNY 0.0105 and CNY 0.0104 respectively in the same quarter last year[3]. - Total operating revenue for Q1 2024 was ¥410,266,221.60, a decrease of 33.5% compared to ¥616,863,585.17 in Q1 2023[21]. - Net profit for Q1 2024 was a loss of ¥94,550,340.48, compared to a profit of ¥3,658,552.35 in Q1 2023, indicating a significant decline[22]. - Operating profit for Q1 2024 was a loss of ¥71.51 million, compared to a profit of ¥15.45 million in Q1 2023, indicating a significant decline in profitability[31]. - The net profit for Q1 2024 was also a loss of ¥71.74 million, contrasting with a net profit of ¥15.32 million in the same period last year[32]. Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 11,709,762,477.85, reflecting a slight increase of 0.54% from CNY 11,647,289,720.29 at the end of the previous year[4]. - The company's total assets increased to ¥11,709,762,477.85 in Q1 2024 from ¥11,647,289,720.29 in Q1 2023, showing a growth of 0.5%[19]. - Total liabilities rose to ¥8,656,882,932.71 in Q1 2024, compared to ¥8,499,879,834.67 in Q1 2023, marking an increase of 1.8%[19]. - The total liabilities were ¥8,257,478,431.45, up from ¥8,094,309,568.23 at the end of 2023[29]. - The company's total equity decreased to ¥2,830,246,755.63 from ¥2,901,964,973.30 at the end of 2023[29]. Cash Flow - The company's cash flow from operating activities for Q1 2024 showed a significant decline, reflecting challenges in revenue generation[24]. - In Q1 2024, the net cash flow from operating activities was ¥2,107,010.01, a decrease of 85.0% compared to ¥14,075,726.09 in Q1 2023[25]. - Total cash inflow from operating activities was ¥381,486,119.72, down 24.4% from ¥504,360,893.98 in the same period last year[25]. - The cash outflow from operating activities was ¥379,379,109.71, a reduction of 22.6% compared to ¥490,285,167.89 in Q1 2023[25]. - The net cash flow from investing activities was -¥169,400,568.31, an improvement from -¥377,725,025.27 in Q1 2023[26]. - Cash inflow from financing activities was ¥577,414,000.00, down 44.7% from ¥1,044,860,272.50 in Q1 2023[26]. - The net cash flow from financing activities was ¥97,511,843.18, a decrease of 78.7% compared to ¥458,932,136.34 in the previous year[26]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 52,061[9]. - The total number of shares held by the top 10 unrestricted shareholders is 207,590,648 shares, representing 29.99% of the total shares[11]. - The top shareholder, Shaanxi Broadcasting Media Group, holds 207,590,648 shares, which is 29.99% of the total shares[11]. Operational Insights - The decrease in operating revenue was primarily due to a reduction in revenue from viewing maintenance fees and product sales[8]. - Research and development expenses for Q1 2024 were ¥466,639.35, indicating ongoing investment in innovation despite financial losses[21]. - The company has plans for market expansion and new product development to improve future performance, although specific details were not disclosed in the report[24]. - The company did not report any new product launches or significant market expansion strategies during the quarter[36]. Changes in Management - The company’s independent director, Wang Xiaopeng, resigned on December 11, 2023, and Su Kun was elected as the new independent director on February 2, 2024[15].