华谊兄弟(300027) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥95,215,040.34, a decrease of 59.20% compared to the same period last year[5] - The net profit attributable to shareholders was -¥18,559,976.75, representing a decline of 76.76% year-over-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥24,595,137.23, down 46.93% from the previous year[5] - Operating revenue decreased by 59.20% compared to the same period last year, primarily due to a reduction in revenue from film and television projects[15] - Basic earnings per share decreased by 74.90% to -0.0067 yuan per share, primarily due to a decline in net profit attributable to shareholders[22] - The company reported a comprehensive loss of ¥22,824,446.10 for Q1 2024, compared to a loss of ¥15,403,646.36 in the same period last year[36] - Net profit for Q1 2024 was a loss of ¥19,353,656.38, compared to a loss of ¥1,701,022.19 in Q1 2023, reflecting a significant increase in losses[35] Cash Flow - Cash flow from operating activities showed a significant improvement, with a net inflow of ¥34,598,879.14, compared to a net outflow of -¥19,146,329.72 in the same period last year, marking a 280.71% increase[5] - The net cash flow from operating activities increased by 280.71% compared to the same period last year, driven by increased cash inflows from film and television project receivables[20] - The company reported an operating cash flow of ¥34,598,879.14 for Q1 2024, a turnaround from a negative cash flow of ¥19,146,329.72 in the previous year[37] - The net cash flow from investment activities was 86,005,034.15, a significant increase from 2,753,779.84 in the previous year[39] - Cash inflow from financing activities totaled 29,426,046.64, compared to 14,113,453.75 in the same period last year[39] - The net cash flow from financing activities was -119,625,498.17, worsening from -33,070,042.35 year-over-year[39] - The ending balance of cash and cash equivalents was 165,472,907.02, down from 199,740,823.05 in the previous year[39] - The cash received from sales and services in Q1 2024 was ¥171,727,050.06, an increase from ¥96,445,689.96 in Q1 2023[37] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,949,097,592.56, a decrease of 2.30% from the end of the previous year[5] - The company's current assets totaled RMB 1,221,204,694.52, down from RMB 1,264,693,897.22 at the beginning of the period, reflecting a decrease of approximately 3.4%[30] - The total liabilities as of Q1 2024 were ¥3,151,030,437.07, a slight decrease from ¥3,195,596,035.02 in the previous year[32] - The total current liabilities amounted to RMB 2,181,810,035.41, down from RMB 2,252,578,386.70, reflecting a decrease of about 3.1%[31] - The company’s total equity decreased to RMB 1,767,287,557.15 from RMB 1,789,628,182.02, a decline of approximately 1.2%[31] Investments and Projects - The company has several film projects in various stages, with cumulative box office earnings of approximately ¥1.672 billion from films released in the current period[10] - Multiple television series and web dramas are in production, including "Little Days" which premiered on March 14, 2024[11] - Investment income increased by 940.39% compared to the same period last year, mainly due to the disposal of equity in certain subsidiaries[17] - The company is actively strengthening copyright cooperation with music platforms and participating in the recording of film songs[12] Operational Adjustments - The company is focusing on resource integration and adjustment in its real-life entertainment sector, enhancing its operational capabilities and content customization[12] - The company plans to continue improving its service level for artists and clients, aiming to attract diverse talent across various entertainment fields[12] Shareholder Information - The number of restricted shares held by major shareholders decreased by 67,116,531 shares during the period[28] - The company reported a total of 356,743,626 restricted shares at the beginning of the period, which decreased to 289,760,379 shares by the end of the period[28] Accounting and Auditing - The company did not undergo an audit for the first quarter report[40] - The company has adopted new accounting standards starting from 2024[40]