TVZone(SH:603721)2024-04-29 09:24Financial Performance - The company's operating revenue for Q1 2024 was ¥83,157,847.58, representing a year-on-year increase of 156.26%[5] - The net profit attributable to shareholders was a loss of ¥4,959,497.21, a decrease of 3,172.22% compared to the same period last year[5] - The basic and diluted earnings per share were both -¥0.0381, reflecting a decrease of 3,275.00% year-on-year[5] - The net loss for Q1 2024 was ¥5,914,636.64, compared to a net loss of ¥709,822.78 in Q1 2023, reflecting a deterioration in performance[20] - The company reported a basic and diluted earnings per share of -¥0.0381 for Q1 2024, compared to ¥0.0012 in Q1 2023[20] Cash Flow and Liquidity - The net cash flow from operating activities was a negative ¥1,112,833.20, with no applicable year-on-year comparison[5] - The net cash flow from operating activities for Q1 2024 was negative at ¥1,112,833.20, an improvement from a negative cash flow of ¥2,656,907.46 in Q1 2023[23] - The net cash flow from investment activities was -25,944,025.67, indicating a significant outflow compared to the previous period's -5,592,502.67[24] - Cash outflow from financing activities totaled 26,824,943.67, compared to 6,302,937.78 in the prior period, reflecting increased financial obligations[24] - The net increase in cash and cash equivalents was -53,881,802.54, a decline from -14,552,347.91 in the previous quarter[24] - The ending balance of cash and cash equivalents decreased to 198,356,972.48 from 246,964,388.17, showing a reduction in liquidity[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥848,328,393.33, down 4.10% from the end of the previous year[6] - The total current liabilities decreased to RMB 106,523,312.14 from RMB 120,922,908.35, showing a reduction of about 11.9%[16] - The total liabilities decreased from ¥329,594,946.75 in the previous quarter to ¥299,236,559.88 in Q1 2024, a reduction of approximately 9.2%[19] - The total equity attributable to shareholders decreased from ¥514,686,608.03 in the previous quarter to ¥509,727,110.82 in Q1 2024, a decline of about 1%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 44,956[9] - The largest shareholder, Changsha Broadcasting and Television Group Co., Ltd., held 50.38% of the shares[9] - The company has no significant changes in the shareholding structure among the top shareholders, maintaining stability in ownership[11] Government Support and Strategic Initiatives - The company received government subsidies amounting to ¥211,306.89 during the period[7] - The company is actively developing its video corpus sales and operations business, which is expected to significantly contribute to revenue and profit throughout the year[12] - The company has established partnerships with clients such as Wanxing Technology and Shanghai Jieyue for AI model training, indicating a strategic focus on AI-related services[12] Operational Costs and Expenses - Total operating costs for Q1 2024 were ¥90,772,304.20, up from ¥41,874,474.46 in Q1 2023, indicating an increase of about 116.5%[19] - The company incurred research and development expenses of ¥2,242,358.24 in Q1 2024, down from ¥2,956,487.25 in Q1 2023, indicating a decrease of about 24.1%[19] Investment Income - The company’s investment income for Q1 2024 was ¥333,246.12, a significant drop from ¥4,693,465.41 in Q1 2023, reflecting a decline of approximately 92.9%[19]