CFC(SH:600977)2024-04-29 11:28Financial Performance - The company's operating revenue for Q1 2024 was CNY 1,026,234,586.68, a decrease of 28.99% compared to the same period last year[3]. - The net profit attributable to shareholders was CNY 96,907,298.59, down 46.66% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 81,290,797.46, a decline of 49.34% compared to the previous year[3]. - The basic earnings per share for the period was CNY 0.052, reflecting a decrease of 46.39% year-on-year[3]. - Total operating revenue for Q1 2024 was CNY 1,026,234,586.68, a decrease of 29% compared to CNY 1,445,140,100.32 in Q1 2023[20]. - Total operating costs for Q1 2024 were CNY 870,398,175.49, down 27% from CNY 1,187,497,715.30 in Q1 2023[20]. - Operating profit for Q1 2024 was CNY 139,257,430.53, a decline of 44% from CNY 249,578,431.32 in Q1 2023[20]. - The net profit for Q1 2024 is approximately ¥94.53 million, a decrease of 48.3% compared to ¥183.08 million in Q1 2023[21]. - The total profit for Q1 2024 is approximately ¥140.31 million, down from ¥249.84 million in Q1 2023, representing a decline of 43.8%[21]. - The basic earnings per share for Q1 2024 is ¥0.052, compared to ¥0.097 in Q1 2023, reflecting a decrease of 46.4%[21]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 22,079,285,656.02, an increase of 16.12% from the end of the previous year[3]. - Total assets increased to CNY 22,079,285,656.02 in Q1 2024, up from CNY 19,014,467,427.83 in Q1 2023, representing a growth of 16%[18]. - Total liabilities rose to CNY 10,420,028,044.15 in Q1 2024, compared to CNY 7,429,705,844.91 in Q1 2023, marking an increase of 40%[17]. - Accounts payable increased significantly to CNY 6,745,762,033.30 in Q1 2024, up from CNY 3,753,247,125.69 in Q1 2023, reflecting an increase of 80%[17]. - The total current assets reached approximately RMB 16.24 billion, up from RMB 13.08 billion at the end of 2023, indicating a growth of 24.9%[15]. Cash Flow - Cash inflow from operating activities in Q1 2024 is approximately ¥3.62 billion, down 15.4% from ¥4.26 billion in Q1 2023[24]. - Cash outflow from operating activities in Q1 2024 is approximately ¥1.10 billion, a decrease of 29.1% compared to ¥1.56 billion in Q1 2023[24]. - The net cash flow from investing activities in Q1 2024 is approximately -¥291.89 million, worsening from -¥105.10 million in Q1 2023[25]. - The net cash flow from financing activities in Q1 2024 is approximately -¥47.93 million, compared to -¥59.89 million in Q1 2023, showing an improvement[25]. - The total cash and cash equivalents at the end of Q1 2024 is approximately ¥9.40 billion, an increase from ¥8.92 billion at the end of Q1 2023[25]. - The company reported cash received from sales and services of approximately ¥895.14 million in Q1 2024, down from ¥1.13 billion in Q1 2023[24]. Market and Operations - The company released 6 films during the reporting period, achieving a total box office of CNY 113.37 billion, which accounted for 75.36% of the total domestic box office[7]. - The company participated in the distribution of 176 domestic films, generating a box office of CNY 117.51 billion, representing 89.95% of the total domestic film box office[7]. - The company opened 1 new cinema and added 6 screens, bringing the total to 128 cinemas and 964 screens[7]. - The registered users of the company's ticketing platform reached 15.59 million, with connections to 11,190 cinemas, covering over 85% of the total cinemas in the country[8]. - The company has established a subsidiary for artificial intelligence research in the film sector to enhance innovation capabilities[8]. - The company continues to focus on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[14]. - The company has not reported any mergers or acquisitions during the quarter[14]. - There were no significant reminders or alerts for investors regarding the company's operational performance during the reporting period[13]. - The company has not disclosed any significant changes in the operational status or strategies during the reporting period[13]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 82,459, with the largest shareholder, China Film Group Corporation, holding 1,257,682,500 shares, representing 67.36% of the total shares[10]. - The company reported a significant increase in the number of shares held by the top ten shareholders, with no changes in the status of pledged or frozen shares[12]. Research and Development - Research and development expenses for Q1 2024 were CNY 7,929,550.80, slightly up from CNY 7,840,851.07 in Q1 2023, indicating continued investment in innovation[20]. - Deferred tax assets increased to CNY 584,582,574.42 in Q1 2024 from CNY 578,573,662.34 in Q1 2023, showing a stable tax position[17].