In the first half of 2023, the company achieved a total operating income of 75.1 billion yuan, a slight increase of 498%。Non-net profit was 2,420340,000 yuan, a significant increase of 51 year-on-year61%。Net profit was 6,435390,000 yuan, a sharp decrease of 3788%。Net cash flow from operating activities for the period was -14 billion yuan, the total operating income increased slightly year-on-year, while the net cash flow from operating activities decreased significantly year-on-year.
In the first half of 2023, the total operating income of People's Daily Online will be 75.1 billion yuan, compared to 71.6 billion yuan, a slight increase of 4 year-on-year98% with a net profit of 6,435390,000 yuan, compared with 10.4 billion yuan, a sharp decrease of 37 year-on-year88%。
Although the profit of the main business for the period was 1,259160,000 yuan, a significant increase of 159 year-on-year85%, however (1) investment income for the period was 5,654730,000 yuan, a sharp decrease of 3512%；(2) Fair value change income was -95100,000 yuan, compared to 1,537 in the same period last year110,000 yuan, from positive to negative, resulting in a sharp decline in net profit year-on-year.
Net profit showed a downward trend from the first half of 2019 to the first half of 2021, from 5,976$220,000 to $1,863190,000 yuan, while the 2021 half-year to the 2023 half-year showed an upward state, from 1,863$190,000 to $6,435390,000 yuan.
The profit from the main business for the first half of 2023 is 1,259160,000 yuan, compared with 484 in the same period last year570,000 yuan, a significant increase of 159 year-on-year85%。
Although the gross profit margin for the period was 4401%, a slight decrease of 2 year-on-year92%, but the total operating income for the period was 75.1 billion yuan, a slight increase of 498%, driving the profit of the main business to increase significantly year-on-year.
The company's revenue for the first half of 2023 is 75.1 billion yuan, a slight increase of 498%。While revenues are growing, finance expenses are falling.
The financial expenses for the period were -277050,000 yuan, compared with 574 in the same period last year420,000 yuan, indicating that the financial expenditure of the previous period has become the financial income of the current period. The important reasons are:
1) Interest income for the period was 857160,000 yuan, compared with 298 in the same period last year500,000 yuan, a significant increase of 187 year-on-year16%。
2) Interest expense for the period was 605340,000 yuan, compared with 887 in the same period last year210,000 yuan, a significant decrease of 3177%。
Investment income from non-core activities was 5,654 for the period730,000 yuan, accounting for 78 percent of the total profit94%, a significant decrease of 3512%。Other income for the period was 1,069850,000 yuan, accounting for 14 percent of the total profit94%, a significant decrease of 3650%。
In the past two years, the income of the net profit attributable to the parent company has relied on non-recurring gains and losses. The income attributable to the parent company for the half year 2023 relied on non-recurring gains and losses of 4,626320,000 yuan, accounting for 6565%。
The gains and losses on disposal of non-current assets for the period were mainly investment income, amounting to 3,761920,000 yuan.
The gains and losses from the disposal of non-current assets included in investment income in the current period were mainly investment gains from the disposal of long-term equity investments3,761920,000 yuan.
1) The amount of ** subsidy included in profit for the current period is 1,069850,000 yuan, as shown in the following table:
The main detailed items of the ** subsidy included in the current profit are shown in the following table:
The remaining amount of the previous retained** subsidy is 2,555520,000 yuan, of which 601140,000 yuan is included in the current profit, and the main details are shown in the following table:
2) A total of 563 subsidies were received in this period160,000 yuan, the main distribution is shown in the following table:
3) There is still 1,811 remaining in the balance of the current ** subsidy290,000 yuan, as a deferred income for the later period of profit is mainly composed of the following table:
In the 2023 semi-annual report, People's Daily Online has 187.3 billion yuan, accounting for 36 percent of total assets74%。The contribution of gains from financial investments to net profit was 1,940720,000 yuan, accounting for 6,435 net profit390,000 yuan of 3016%。
The main investment contents of financial investment are shown in the table:
From the perspective of financial investment income, it is mainly based on the investment income of wealth management products.
Compared with the same period, the financial investment income of enterprises decreased by 2,177680,000 yuan, with a growth rate of -5288%。
In the 2023 semi-annual report, the assets used by People's Daily Online for foreign equity investment are 13.9 billion yuan, accounting for 273%。The income generated from foreign equity investment was 2,822670,000 yuan, accounting for 6,435 net profit390,000 yuan of 4386%。
The income from external equity investment was ** compared with the income from holding foreign equity investment -939250,000 yuan and 3,761 gains on disposal of equity investments920,000 yuan.
From the perspective of the past five years, the company's foreign equity investment assets have continued to decline, from 4$8.4 billion to $1. in 20233.9 billion yuan, with a growth rate of -712%。The company's foreign equity investment income decreased by 3,126 compared with last year790,000 yuan, with a growth rate of -5256%。
In the first half of 2023, the net profit of People's Daily Online will be 6,435390,000 yuan, compared with 10.4 billion yuan, a sharp decrease of 37 year-on-year88%。Net cash flow was -88.5 billion yuan, compared to 35.5 billion yuan, from positive to negative.
The change in net cash flow from positive to negative was due to net cash flow from investing activities of -61.2 billion yuan, compared with 49.2 billion yuan, from positive to negative.
The reasons for the change from positive to negative net cash flow from investing activities are:
Although the cash paid for the investment was 405.7 billion yuan, a slight increase of 9 percent year-on-year28%；
However, the cash received from the recovery of investments was 342.8 billion yuan, a slight decrease of 1065%。
Net cash flow from operating activities for the period was -14 billion yuan, compared to -6,399 in the same period last year040,000 yuan, a sharp decrease of 119 year-on-year17%。
Although the decrease in operating receivables for the period was 4,093340,000 yuan, compared with -2 in the same period last year6.5 billion yuan, from negative to positive, but the increase in operating payables was -2$5.5 billion, compared to $9,855 in the same period last year510,000 yuan, from positive to negative, resulting in a significant year-on-year decline in net cash flow from operating activities.
Net cash flow from operating activities for the half year 2023 was -14 billion yuan, net cash flow from operating activities was negative.
Net cash flow from operating activities was negative for the period due to:
In the first half of 2023, the net profit growth rate of People's Daily Online will be -3784%, from the perspective of comparable listed companies in the same industry, the average net profit growth rate of comparable listed companies in the industry in the first half of this year was 166%, compared to -37 for People's Daily OnlineThe net profit growth rate of 84% is lower than the industry average.
In the first half of 2023, People's Daily Online's net profit margin on sales will be 856%, from the comparison of the industry: The average net profit margin on sales of comparable listed companies in the industry in the first half of this year was -517%, while People's Daily Online 8The average net profit margin on sales of 56% is higher than the industry average.
In the first half of 2023, People's Daily Online's weighted return on equity was 195%, from the peer comparison: The average weighted return on equity of comparable listed companies in the sector in the first half of this year was -032%, while People's Daily 1The 95% weighted return on equity is superior to comparable listed companies in the same industry.
Rating: 660Overall rank: 2787 5396
Industry Ranking (Portal**) 5 8
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