According to the Beijing Culture 2023 Interim Report, revenue for the reporting period was 135,577,226.52 yuan, an increase of 911.19% compared to 13,407,653.98 yuan in the same period last year. This significant growth indicates that the company's business scale has grown significantly over the past year.
However, despite a sharp increase in operating income, the company's net profit is still in the red. Net profit attributable to shareholders of listed companies during the reporting period was -22,388,315.02 yuan. Compared with -25,158,705.77 yuan in the same period last year, loss decreased by 11.01%. This is because during the reporting period, the company increased the company's profitability by speeding up the development of its main business, adopted various business models, and strengthened cost and expense control, so that performance losses during the reporting period were reduced year on year.
Furthermore, net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss during the reporting period was -23,827,664.93 yuan. Compared with -25,682,676.65 yuan in the same period last year, loss decreased by 7.22%. This further confirms the company's efforts to improve operational efficiency.
However, it is worth noting that the net cash flow from operating activities during the reporting period was -105,400,048.90 yuan. Compared with -8,094,423.84 yuan in the same period last year, loss increased by 1,202.13%. The change is due to an increase in settlement payments and project investment and production payments during the reporting period compared to the same period last year.
In terms of assets, total assets at the end of the reporting period were $3,245,729,341.15, a decrease of 5.82% compared to $3,446,294,938.18 at the end of the previous year. This may be due to the company's reasonable allocation and optimization of assets in the process of expanding the scale of the business.
In terms of liabilities, total current liabilities at the end of the reporting period were $1,665,668,806.78, a decrease from $1,835,583,956.50 at the beginning of the year. Total non-current liabilities were $88,043,548.92, a decrease compared to $94,824,441.25 at the beginning of the year. This shows that while expanding the scale of the business, the company is also trying to control its liabilities to maintain a good financial position.
In terms of cash flow, net cash flow from investment activities was -21,747.95 yuan, compared to -5,499.00 yuan in the same period of the previous year. The reason for the change was that the amount of fixed assets purchased during the reporting period compared to the same period of the previous year
increase. Net cash flow from fund-raising activities was $58,862,500.00, compared to $8,098,787.38 for the same period last year. The reason for the change was that short-term bank loans were obtained during the reporting period.
Overall, Beijing Culture showed some positive signs in the 2023 interim report, such as a sharp increase in operating income and a reduction in net profit loss. However, companies also face challenges such as pressure on cash flow and managing assets and liabilities as they scale their business. Therefore, when considering investing in Beijing culture, investors need to comprehensively consider these factors and make wise decisions.
This article only represents the judgments made by analysts themselves or analysts based on AI analysis. It cannot be used as an investment indicator, nor does it constitute any investment advice. The original purpose of this article was to help investors analyze and judge capital market data in the most intuitive and fastest way and from the most professional perspective.