Financial Performance - The company's operating revenue for the first half of 2022 was ¥189,399,974.10, a decrease of 51.53% compared to ¥390,736,943.71 in the same period last year[22] - The net profit attributable to shareholders of the listed company was -¥168,184,208.31, representing a decline of 538.92% from ¥38,317,576.14 in the previous year[22] - The net cash flow from operating activities was ¥50,882,186.37, down 63.09% from ¥137,860,592.28 in the same period last year[22] - Basic earnings per share for the first half of 2022 were -¥0.38, a decrease of 522.22% compared to ¥0.09 in the same period last year[24] - The weighted average return on net assets was -9.11%, a decrease of 11.12 percentage points from 2.01% in the previous year[24] - The company reported a gross loss of CNY 167,110,821.36 for the first half of 2022, compared to a profit of CNY 43,775,825.19 in the same period of 2021[119] - The company reported a total comprehensive loss of CNY 182,437,180.18 for the first half of 2022, compared to a comprehensive income of CNY 32,472,884.91 in the same period of 2021[119] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,256,554,044.61, a decrease of 5.90% from ¥3,460,677,577.86 at the end of the previous year[22] - The net assets attributable to shareholders of the listed company decreased by 8.80% to ¥1,760,881,952.17 from ¥1,930,854,910.48 at the end of the previous year[22] - Cash and cash equivalents at the end of the period were 1,352,965,980.14 RMB, which is 41.55% of total assets, reflecting a 32.46% increase from the previous year[51] - The company’s total liabilities included lease liabilities of 733,191,940.20 RMB, which is 22.51% of total liabilities, showing a slight decrease of 1.45%[54] - The total assets and shareholders' equity amounted to CNY 2,618,543,850.60 and CNY 1,999,340,064.97 respectively, showing an increase from CNY 2,556,324,445.72 and CNY 2,002,138,837.13 in the previous year[116] Market and Industry Context - As of June 2022, the total box office for the Chinese domestic film market was 17.181 billion yuan, a decrease of 37.68% compared to the same period in 2021, with total audience attendance dropping by 41.7% to 398 million[32] - The average ticket price increased by 6.7% to 43.2 yuan, while the attendance rate decreased by 2.22 percentage points to 6.28%[32] - The number of newly opened cinemas nationwide was 425, a decrease of 23.4% compared to the same period in 2021[32] - The company faces risks from increased competition in the film industry due to the influx of capital and talent, which may impact market share[62] - The rise of digital media and online entertainment formats poses a risk to traditional cinema attendance, potentially delaying revenue recovery to pre-pandemic levels[63] Operational Insights - The company's main business includes film distribution and screening, with a complete industry chain covering cinema management, cinema line operations, and film distribution[31] - The company’s subsidiary participated in the investment and distribution of the film "Life Events," which achieved a box office of 490 million yuan by the end of the reporting period, contributing positively to the post-pandemic recovery of the film market[32] - The company’s cinema chain "SFC Shanghai Film City" maintained stable operations, optimizing asset quality to ensure industry-leading operational efficiency[33] - The company continues to leverage its industry chain advantages, enhancing its competitive position in the increasingly fierce market[36] Financial Management and Strategy - The company plans to optimize regional structures and explore new business models, including "cinema+" innovations[37] - The company aims to enhance its online and offline integration through community operations and innovative product sales[37] - The company will continue to leverage its parent company's resources to promote key projects and explore online content investment and distribution[41] - The company should focus on strategies for market expansion and product development to recover from the current financial downturn[123] Related Party Transactions and Governance - The company reported a total of 951.51 million RMB in related party transactions, with a net decrease of 49.35 million RMB during the reporting period[86] - The company has no significant impact on its operating results and financial status from related party debts[86] - There were no major lawsuits or arbitration matters during the reporting period[82] - The company has fulfilled all commitments made by its actual controllers and shareholders during the reporting period[80] Financial Reporting and Compliance - The financial statements are prepared in accordance with the Chinese Accounting Standards, ensuring compliance and transparency[156] - The company has not reported any changes in accounting policies or prior period error corrections during the current reporting period, maintaining consistency in financial reporting[143] - The group recognizes expected credit losses based on past events, current conditions, and forecasts of future economic conditions[175]

Financial Performance - The company achieved a net profit attributable to shareholders of 21.87 million yuan in 2021, a significant recovery from a loss of 431.22 million yuan in 2020, representing a 105.07% increase[6]. - Total operating revenue for 2021 was approximately 731.08 million yuan, up 136.37% from 309.30 million yuan in 2020[22]. - The net cash flow from operating activities was 264.05 million yuan, a turnaround from a negative cash flow of 394.78 million yuan in the previous year, marking a 166.89% increase[22]. - The company's total assets increased by 21.92% to approximately 3.46 billion yuan at the end of 2021, compared to 2.84 billion yuan at the end of 2020[22]. - The net assets attributable to shareholders decreased by 4.38% to approximately 1.93 billion yuan at the end of 2021, down from 2.02 billion yuan at the end of 2020[22]. - Basic earnings per share increased to CNY 0.05 from a loss of CNY 0.96, representing a 105.21% increase year-over-year[23]. - The weighted average return on equity improved to 1.15% from -19.17%, an increase of 20.32 percentage points[23]. - The company reported a revenue of 695.36 million yuan after excluding non-core business income, reflecting a 143.08% increase from the previous year[22]. Strategic Planning and Operations - The company is focusing on strategic planning and risk management in light of ongoing industry challenges and the pandemic[7]. - The company plans not to distribute cash dividends for 2021, retaining earnings to support ongoing operations and strategic projects[6]. - The company plans to continue exploring online business innovations and IP development to optimize revenue structure[41]. - The company aims to enhance its brand influence and core competitiveness through various operational strategies and cost optimization measures[37]. - The company intends to maintain its cinema expansion efforts and stabilize its market share as a comprehensive cinema service provider[87]. - The company is focusing on the renovation of the Shanghai Film City, aiming to create a multi-functional cultural and commercial space, enhancing its role as a premier venue for film premieres and events[88]. Market and Industry Insights - The total box office in China's film market reached 47.258 billion yuan in 2021, a year-on-year increase of 131.46%[42]. - The number of cinema screens in China increased by 6,667 to a total of 82,248 screens, with the total number of cinemas reaching 14,480[42]. - The average ticket price in the Chinese film market was 40.15 yuan, an increase of 3.31 yuan or 8.90% year-on-year[42]. - The cinema management segment had a total box office of 484 million yuan, a year-on-year increase of 126.47%, with a market share of 1.13%[37]. - The cinema line business achieved a total box office of 3.336 billion yuan, a year-on-year increase of 136.93%, with a market share of 7.76%[38]. Governance and Compliance - The company received a standard unqualified audit report from PwC, ensuring the accuracy and completeness of its financial statements[5]. - The company has established a strict internal control system to ensure compliance with various operational regulations[101]. - The company received an A-level rating for its information disclosure work from the Shanghai Stock Exchange for the second consecutive year, reflecting recognition from regulatory authorities[98]. - The board of directors consists of 9 members, including 3 independent directors, ensuring a balanced governance structure[98]. - The company has not encountered significant differences in governance compared to regulatory requirements, indicating effective compliance[101]. Human Resources and Management - The company employed a total of 940 staff, with 141 in the parent company and 799 in major subsidiaries[153]. - The workforce composition includes 710 production personnel, 90 sales personnel, 40 technical personnel, 66 financial personnel, 30 administrative personnel, and 4 project development personnel[153]. - The educational background of employees shows 24 with postgraduate degrees, 236 with bachelor's degrees, and 364 with associate degrees[153]. - The company emphasizes the importance of training programs for employees to enhance skills and promote sustainable development[158]. - The company has a focus on maintaining transparency in executive compensation and governance practices[109]. Future Outlook and Growth Initiatives - The company provided a future outlook with a revenue guidance of 1.8 billion RMB for the next quarter, indicating a 12% growth compared to the current quarter[117]. - New product launches are expected to contribute an additional 300 million RMB in revenue over the next year[117]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of 2024[117]. - Research and development investments increased by 10% this year, focusing on innovative technologies in film production[117]. - The company is exploring potential acquisitions to enhance its content library, with a budget of 500 million RMB allocated for this purpose[117]. Financial Management and Investments - The company reported a net cash flow from investing activities of -¥784,654,090.02, a decline of 218.66% from the previous year, mainly due to the purchase of structured deposit products[61]. - The company has committed to invest CNY 105 million in establishing a private equity fund in collaboration with Shanghai Ying Asset Management[196]. - The company has consolidated its investment in the subsidiary Shanghai Ying Asset Management, which will continue to pursue joint investment initiatives[196]. - The company has a remaining balance of CNY 63 million for loans with a quarterly interest payment structure[200]. - The company has not reported any non-operating fund occupation by major shareholders or related parties during the reporting period[182].

Financial Performance - The company's operating revenue for Q1 2022 was ¥157,262,379.34, a decrease of 29.42% compared to the same period last year[4] - The net profit attributable to shareholders was -¥1,287,338.04, representing a decline of 105.14% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥5,610,866.29, down 123.63% from the previous year[4] - The basic and diluted earnings per share were both -¥0.003, a decrease of 105.00% compared to the same period last year[4] - Net profit for Q1 2022 was -¥3,355,867.25, compared to a net profit of ¥23,810,088.24 in Q1 2021[34] - The company reported a loss of -¥2,903,352.84 in operating profit for Q1 2022, contrasting with an operating profit of ¥27,234,088.23 in Q1 2021[32] - Basic and diluted earnings per share for Q1 2022 were both -¥0.003, compared to ¥0.06 in Q1 2021[34] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,512,960,436.56, an increase of 1.51% from the end of the previous year[4] - The company's total current assets as of March 31, 2022, amount to ¥1,664,979,502.30, an increase from ¥1,567,480,487.83 at the end of 2021[24] - Total assets amount to ¥3,512,960,436.56, compared to ¥3,460,677,577.86 at the end of 2021[27] - The total liabilities are reported at ¥694,736,534.59, an increase from ¥623,731,432.66 at the end of 2021[27] - Total liabilities amounted to ¥1,472,786,392.71, an increase from ¥1,417,647,666.76 in the previous period[32] - The company’s total assets reached ¥3,512,960,436.56, up from ¥3,460,677,577.86[32] - The total equity attributable to shareholders was ¥1,929,567,572.44, slightly down from ¥1,930,854,910.48[32] Market Performance - The company operated 53 direct cinemas with a total of 385 screens, generating box office revenue of ¥114,994,400, with a market share of 0.90%[11] - The total number of franchise cinemas under the company's subsidiary was 748, with 4,794 screens, achieving a box office revenue of ¥934,210,100 and a market share of 7.29%[11] - The total box office for the national film market in Q1 2022 was ¥13.979 billion, a year-on-year decrease of 22.74%[11] - The average ticket price in the national film market was ¥45.44, an increase of 6.21% year-on-year[11] Operational Challenges - The company has paused operations in its Shanghai cinemas since March 10, 2022, due to COVID-19 restrictions, impacting its daily operations[11] Cash Flow - In Q1 2022, the cash inflow from operating activities was approximately $476.37 million, a decrease of 33.7% compared to $718.27 million in Q1 2021[39] - The net cash flow from operating activities was $67.86 million, an increase of 10.4% from $61.15 million in the same period last year[39] - The cash inflow from investment activities totaled $101.40 million, significantly higher than $42.27 million in Q1 2021[41] - The net cash flow from investment activities was $91.82 million, a recovery from a negative cash flow of $4.62 million in the previous year[41] - The cash outflow from financing activities was $6.65 million, compared to $11.99 million in Q1 2021, indicating a reduction of 44.4%[41] - The net increase in cash and cash equivalents for the quarter was $153.53 million, up from $54.53 million in Q1 2021[41] - The ending balance of cash and cash equivalents was $720.18 million, down from $1.20 billion at the end of Q1 2021[41] - The company received $500,000 from investment activities, marking a new source of cash inflow[41] - The total cash outflow for purchasing fixed assets and other long-term assets was $9.58 million, a decrease from $37.50 million in the previous year[41] - The company reported a significant decrease in cash paid for employee compensation, totaling $38.17 million compared to $42.10 million in Q1 2021[39] Shareholder Information - The total number of common shareholders at the end of the reporting period is 26,515[15] - The largest shareholder, Shanghai Film (Group) Co., Ltd., holds 310,228,317 shares, accounting for 69.22% of the total shares[15] - The company has no pledged, marked, or frozen shares among the top ten shareholders[15] - The company does not have any related party relationships among the top ten unrestricted shareholders[19] Other Financial Metrics - Deferred income decreased to ¥16,560,294.40 from ¥19,094,917.36[32] - The company reported a financial expense of ¥9,596,417.27, a slight decrease from ¥9,899,312.57 in the previous year[32] - Accounts receivable increased to ¥187,573,339.02 from ¥154,079,803.31 year-over-year[24] - The company’s non-current assets total ¥1,847,980,934.26, down from ¥1,893,197,090.03 at the end of 2021[27]

Group 1: Company Performance and Recovery - In 2021, the company achieved a turnaround from losses to profitability, aided by strict pandemic measures and innovative business practices [3] - The company’s film screening and distribution operations gradually recovered in 2021 compared to the previous year [3] - The company expects to report a profitable 2021 based on its preliminary earnings announcement [3] Group 2: Shanghai Cinema Renovation - Shanghai Cinema temporarily closed for renovation starting February 21, 2022, as part of a significant upgrade [4] - The renovation aims to transform the cinema into a "most beautiful premiere hall" while integrating diverse business models [5] - The upgraded cinema will serve as a cultural landmark, promoting a multi-faceted ecosystem centered around film and arts [5] Group 3: Impact of COVID-19 on Operations - The company’s cinemas in Shanghai were closed from March 11, 2022, due to pandemic restrictions, affecting daily operations [6] - The company is implementing cost-reduction and efficiency measures to mitigate the impact of the pandemic on its business [6] Group 4: Future Expansion and Business Strategy - The cinema terminal assets remain a core part of the company’s strategy, focusing on quality and scale amid industry competition [7] - The company plans to expand its "cinema+" business model, enhancing customer experience and operational efficiency [7] Group 5: Industry Trends and Outlook - The National Film Administration's 14th Five-Year Plan aims for high-quality development in the film industry by 2035 [8] - The film industry is shifting from growth based on the number of cinemas to content-driven development, with quality content being a key driver [8] - The company expresses confidence in the sustainable development of the Chinese film market, supported by improved domestic film production [8]

2021 年第三季度报告 单位：元 币种：人民币 证券代码：601595 证券简称：上海电影 上海电影股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人王健儿、主管会计工作负责人王蕊及会计机构负责人（会计主管人员）张永娣保 证季度报告中财务报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 主要会计数据和财务指标 | --- | --- | --- | --- | --- | |-----------------------------------------------|----------------|----------------------------------------|----------------|--------------------------- ...

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥390,736,943.71, a significant increase of 583.81% compared to ¥57,141,036.27 in the same period last year[24]. - The net profit attributable to shareholders of the listed company was ¥33,337,959.18, recovering from a loss of ¥239,456,791.27 in the previous year, marking an increase of 113.92%[24]. - The net cash flow from operating activities was ¥137,860,592.28, a substantial improvement of 286.93% from a negative cash flow of ¥73,750,637.10 in the same period last year[24]. - Basic earnings per share for the first half of 2021 were ¥0.07, a recovery from a loss of ¥0.64 per share in the same period last year, representing an increase of 110.94%[24]. - The weighted average return on net assets improved to 1.75%, an increase of 11.87 percentage points from -10.12% in the previous year[24]. - The total profit for the first half of 2021 was ¥36,913,243.35, compared to a total loss of ¥276,091,713.41 in the same period of 2020[112]. - The company incurred tax expenses of ¥9,883,894.15, contrasting with a tax benefit of -¥16,515,809.55 in the previous year[112]. Assets and Liabilities - The total assets of the company increased by 38.31% to ¥3,925,770,042.41 compared to ¥2,838,431,352.28 at the end of the previous year[24]. - The total liabilities rose to ¥2,011,440,046.08, up from ¥814,758,268.17, reflecting an increase of around 146.5%[102]. - The company's accounts payable decreased by 11.29% to approximately ¥308.69 million, indicating improved cash flow management[47]. - The company's long-term liabilities, including lease liabilities, amounted to ¥1,324,801,150.29, indicating a significant commitment to long-term financing[102]. Market and Operational Insights - The total box office in China's domestic film market for the first half of 2021 was 27.568 billion yuan, a year-on-year increase of 1,127.03%[31]. - The company operated 93 cinemas by the end of the reporting period, with a total of 387 screens, generating box office revenue of 26.5 million yuan, a year-on-year increase of 1,093.67%[37]. - The cinema line business achieved a total box office of 1.871 billion RMB, a year-on-year increase of 1,228.72%, but a decrease of 20.49% compared to the same period in 2019[38]. - The average ticket price in the domestic market was 40.44 yuan, a year-on-year increase of 8.19%[31]. - The company plans to explore new operational models by integrating innovative formats such as stand-up comedy and script murder into cinema spaces[37]. Shareholder and Equity Information - The net assets attributable to shareholders decreased by 4.76% to ¥1,923,174,939.98 from ¥2,019,343,813.14 at the end of the previous year[24]. - The total equity attributable to shareholders decreased to ¥1,923,174,939.98 from ¥2,019,343,813.14, a decline of about 4.8%[104]. - The total number of common shareholders at the end of the reporting period was 28,041[87]. - The largest shareholder, Shanghai Film (Group) Co., Ltd., held 310,228,317 shares, representing 69.22% of total shares[87]. Risks and Challenges - The company faced risks from intensified market competition, particularly with the increasing number of cinema screens, which reached 75,581 by the end of 2020[55]. - The company highlighted the risk of insufficient supply of quality content, which is crucial for its film distribution and exhibition business[55]. - The company anticipates short-term fluctuations in operating performance due to public health events, but maintains its continuous profitability capability[58]. Related Party Transactions and Compliance - The company reported a total of 31.95 million RMB in related party transactions during the reporting period, with a decrease of 0.90 million RMB compared to the previous period[81]. - The company emphasized strict compliance with fair and reasonable principles in related party transactions[81]. - The company has commitments from its controlling shareholder to avoid competition and ensure fair dealings in related transactions[71]. Cash Flow and Investment Activities - The company reported cash and cash equivalents at the end of the period totaling CNY 1,154,215,086.10, compared to CNY 1,494,523,746.97 at the end of the previous year[119]. - Cash flow from operating activities generated a net amount of CNY 137,860,592.28, a significant recovery from a negative cash flow of CNY -73,750,637.10 in the previous year[118]. - Investment activities resulted in a net cash outflow of CNY -106,158,335.26, contrasting with a net inflow of CNY 669,512,261.85 in the same period last year[118]. Accounting Policies and Financial Reporting - The company’s financial statements are prepared in accordance with the Chinese Accounting Standards, ensuring compliance and transparency[150]. - The company has not reported any changes in accounting policies or prior period error corrections during this reporting period[135]. - The group recognizes expected credit losses based on reasonable and supportable information, considering past events and current conditions[166].

Financial Performance - In 2020, the company reported a total revenue of ¥309.30 million, a decrease of 72.05% compared to ¥1,106.52 million in 2019[21]. - The net profit attributable to shareholders was -¥431.22 million, a decline of 414.44% from a profit of ¥137.14 million in 2019[21]. - The company's cash flow from operating activities was -¥394.78 million, down 190.74% from ¥435.05 million in 2019[21]. - By the end of 2020, the total assets decreased by 21.06% to ¥2,838.43 million from ¥3,595.89 million in 2019[21]. - The net assets attributable to shareholders fell by 18.76% to ¥2,019.34 million compared to ¥2,485.72 million at the end of 2019[21]. - Basic earnings per share were -¥0.96, a decrease of 409.68% from ¥0.31 in 2019[23]. - The weighted average return on equity was -19.17%, a decrease of 24.90 percentage points from 5.73% in 2019[23]. - The company reported a total of RMB 451,622,663.22 in financial assets at the beginning of the year, increasing to RMB 487,719,137.79 by year-end[31]. - The company reported a total operating revenue of RMB 3.09 billion for the year 2020, with box office revenue accounting for RMB 2.23 billion, representing approximately 72% of total revenue[177]. Operational Challenges - The company's revenue decreased by 72.05% year-on-year, primarily due to the impact of the COVID-19 pandemic, which led to the suspension of operations in all its cinemas[47]. - The cinema operation segment is responsible for managing theaters and providing support services to improve operational efficiency[34]. - The company’s cinema management business operated 94 cinemas, with a total box office revenue of CNY 21.4 million, down 72.06% year-on-year[38]. - The Lianhe Cinema Line achieved a total box office of CNY 1.408 billion, a decrease of 70.14% year-on-year, with total audience attendance of 38.64 million, down 69.88%[38]. - The company successfully negotiated rent reductions for 49 cinemas during the pandemic to mitigate losses[38]. - The cinema industry faced significant challenges due to the COVID-19 pandemic, with nearly 180 days of closure impacting the company's film distribution and screening operations[75]. Strategic Initiatives - The company aims to expand its market presence through strategic partnerships and enhanced service offerings in the cinema industry[34]. - The company plans to innovate its online and offline business models, leveraging its online brand "Shangyingbao" to expand new products and enhance member integration[75]. - The company aims to develop a multi-functional film cultural space and immersive commercial "new species" through the "Cinema+" ecological layout, with the Shanghai Film Art Center as a flagship project[76]. - The company plans to leverage its financing advantages to promote industry integration and improve the quality and quantity of its cinema brand "SFC Shanghai Film City"[74]. - The company is focused on creating a "cinema+" entertainment ecosystem to enhance cultural empowerment and operational capabilities in the industry[74]. Market Trends - In 2020, China's domestic film market total box office reached 20.417 billion yuan, a year-on-year decline of 68.23%[71]. - The number of moviegoers in China was 548 million, down 68.2% compared to the previous year[71]. - The total number of screens in China reached 75,581, with an annual increase of 5,794 screens, representing an 8.3% growth, although the growth rate has been slowing for five consecutive years[71]. - The total box office for domestic films was 17.093 billion yuan, accounting for 83.72% of the total box office, while imported films accounted for 16.28% with a total of 3.324 billion yuan[71]. Financial Management - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has detailed potential risks in its report, advising investors to be cautious[7]. - The company has committed to avoiding competition with its controlling shareholder, Shanghai Film Group, ensuring no direct or indirect involvement in competing businesses[89]. - The company has implemented new revenue recognition standards effective January 1, 2020, which are not expected to significantly impact its financial position or results[95]. - The company has appointed PwC Zhongtian as the auditor for the fiscal year 2020, continuing a 9-year relationship[97]. Governance and Compliance - The board of directors consists of 9 members, including 3 independent directors, ensuring a structured governance framework[165]. - The company received an A grade for its information disclosure practices from the Shanghai Stock Exchange for the years 2019 to 2020[165]. - The company actively maintained investor relations through various channels, including strategy meetings and online communication platforms[165]. - The company has established a strict internal control system to ensure compliance with operational regulations[163]. - The company’s governance practices comply with the requirements of the Company Law and the China Securities Regulatory Commission[163]. Employee Management - The total remuneration for all directors, supervisors, and senior management personnel amounted to RMB 5.5016 million in the reporting period[148]. - The company has established a salary management system that aligns with long-term development and shareholder interests, ensuring competitive and performance-linked remuneration for directors and senior management[148]. - The company has implemented a training program that combines internal and external training methods to enhance employee skills and align with corporate development needs[157]. - The company employed a total of 1,076 staff, including 790 production personnel, 103 sales personnel, and 69 technical personnel[153]. Future Outlook - The company provided a future outlook with a revenue guidance of 1.8 billion for the next fiscal year, indicating a growth target of 20%[138]. - The company plans to enhance its international distribution network, aiming for a 15% increase in overseas revenue[138]. - The company is investing 200 million in new technology development to enhance digital streaming capabilities[138]. - Market expansion efforts are underway in Southeast Asia, with a target to increase market share by 30% in the region[138].

Financial Performance - Operating revenue surged by 386.82% to CNY 222,820,177.61 from CNY 45,770,175.90 in the same period last year[13] - Net profit attributable to shareholders reached CNY 22,534,587.82, a 131.78% increase from a loss of CNY 70,898,879.17 in the previous year[13] - Basic earnings per share improved to CNY 0.05 from a loss of CNY 0.19 in the same period last year, marking a 126.32% increase[13] - The company’s net profit for Q1 2021 was RMB 210.88 million, a 126.10% increase from a net loss of RMB 80.81 million in the same period last year[27] - The operating profit for Q1 2021 was ¥24,388,006.18, compared to an operating loss of ¥93,369,947.74 in the same period last year[48] - The net profit for Q1 2021 reached ¥5,261,288.69, compared to a net loss of ¥5,161,719.16 in Q1 2020, indicating a turnaround in profitability[54] Cash Flow - Net cash flow from operating activities improved by 187.40%, totaling CNY 61,146,112.93 compared to a negative cash flow of CNY 69,964,478.39 last year[13] - The cash flow from operating activities for Q1 2021 was ¥61,146,112.93, a recovery from a negative cash flow of ¥69,964,478.39 in Q1 2020[60] - Cash inflow from operating activities was primarily driven by sales revenue of ¥216,710,370.56, a substantial increase from ¥18,604,716.16 in Q1 2020[66] - The company reported a total cash outflow from operating activities of ¥39,719,649.61, which was higher than ¥33,684,546.52 in the previous year[66] Assets and Liabilities - Total assets increased by 40.60% to CNY 3,990,879,294.27 compared to the end of the previous year[13] - Total liabilities rose to $2,088,325,784.04, up from $814,758,268.17, marking an increase of around 156.5%[36] - Current liabilities decreased to $644,655,242.86 from $721,516,159.75, reflecting a reduction of approximately 10.7%[36] - The company’s total liabilities and owners' equity increased from ¥2,452,750,963.59 to ¥2,653,146,838.52, reflecting growth in financial leverage[46] Market Performance - The total box office for the national film market reached CNY 18.093 billion, a year-on-year increase of 705.29%[21] - Domestic films accounted for 91.29% of the total box office, generating CNY 16.517 billion[21] - The number of moviegoers reached 423 million, reflecting a year-on-year growth of 603.66%[21] Investments and Expenses - The company reported a significant increase in construction projects, with "construction in progress" rising by 274.65% to RMB 1.00 million due to new cinema projects[25] - The company's financial expenses increased by 406.19% to RMB 137.72 million, primarily due to interest amortization from new lease liabilities[25] - The company reported a significant decrease in financial expenses, with a total of ¥13,772,142.04 in Q1 2021, compared to a negative financial expense of -¥4,497,884.07 in Q1 2020[48] Equity and Goodwill - The weighted average return on equity increased by 4.08 percentage points to 1.19% from -2.89%[13] - The company’s goodwill increased by 74.73% to RMB 22.62 million, resulting from the full acquisition of an affiliated company[25] - The company’s goodwill increased to $22,615,499.38 from $12,943,199.61, representing a significant increase of approximately 75%[36] Government Support - The company reported government subsidies of CNY 2,419,820.52, which are closely related to its normal business operations[13]

Financial Performance - Net profit attributable to shareholders was CNY -265,994,404.65, a decrease of 317.72% year-on-year[18] - Operating revenue fell by 83.44% to CNY 133,498,458.97 for the first nine months of the year[18] - Basic earnings per share were CNY -0.59, down 278.79% from CNY 0.33 in the previous year[18] - The net profit for the company in Q3 2020 was a loss of RMB 2.91 billion, reflecting a decline of 348.62% year-on-year[32] - The net profit for the third quarter of 2020 was -31,814,850.70 CNY, compared to a profit of 51,117,600.00 CNY in the same period of 2019, representing a significant decline[60] - The total revenue for the third quarter of 2020 was 1,559,151.70 CNY, down from 37,160,147.43 CNY in the third quarter of 2019, indicating a decrease of approximately 95.8%[64] - The operating profit for the third quarter of 2020 was -32,873,912.17 CNY, compared to an operating profit of 57,161,077.88 CNY in the same quarter of 2019[60] - The company reported a net profit margin decline due to reduced revenues and increased costs, impacting overall profitability[56] Cash Flow - Net cash flow from operating activities was CNY -294,305,759.23, a significant decline compared to CNY -18,396,653.62 in the same period last year, representing a decrease of 1,499.78%[18] - The company's cash flow from operating activities showed a net outflow of RMB 2.94 billion, a significant decrease of 1,499.78% compared to the previous year[33] - In the first three quarters of 2020, the company generated cash inflows from operating activities amounting to ¥384,298,447.26, a significant decrease of approximately 81.2% compared to ¥2,044,507,912.12 in the same period of 2019[69] - The net cash flow from operating activities for the first three quarters of 2020 was -¥294,305,759.23, compared to -¥18,396,653.62 in 2019, indicating a worsening cash flow situation[69] - The total cash outflow from operating activities was ¥678,604,206.49, down from ¥2,062,904,565.74 in the previous year, reflecting a significant reduction in operational expenditures[69] Assets and Liabilities - Total assets decreased by 15.63% to CNY 3,033,694,489.00 compared to the end of the previous year[18] - The company's total assets decreased from ¥3,595,885,622.93 in December 2019 to ¥3,033,694,489.00 in September 2020, reflecting a decline of approximately 15.7%[43] - The total liabilities also decreased from ¥1,063,981,530.02 in December 2019 to ¥835,386,650.65 in September 2020, a reduction of about 21.4%[45] - The company's non-current assets decreased from ¥1,445,426,349.86 in December 2019 to ¥1,297,057,549.56 in September 2020, a decline of approximately 10.3%[43] - Current assets decreased from ¥1,920,378,187.67 to ¥1,679,289,489.41, a reduction of about 12.54%[49] - Total equity decreased slightly from ¥2,328,348,074.11 to ¥2,325,161,597.98, a decrease of about 0.09%[54] Shareholder Information - The total number of shareholders at the end of the reporting period was 32,734[24] - The largest shareholder, Shanghai Film (Group) Co., Ltd., held 69.22% of the shares[24] Market Performance - As of the end of Q3 2020, the total box office revenue in the Chinese film market reached RMB 8.29 billion, a year-on-year decline of 82.78%[27] - The company's direct-operated cinemas, "SFC Shanghai Film City," totaled 61 with 433 screens, generating a box office of RMB 86.81 million in the first three quarters, down 84.99% year-on-year[27] - The company's market share in the direct-operated cinema segment was 1.15% for the first three quarters of 2020, with a decline of 84.68% in audience attendance[27] Investment and Expenses - The company reported a significant increase in financial investments in films, with trading financial assets rising to RMB 26.49 million, an increase of 258.56%[30] - The company experienced a 97.09% decrease in construction in progress, dropping to RMB 791,800 due to reduced investment in new cinema construction[30] - The company incurred a total operating cost of 2,018,576.93 CNY in the third quarter of 2020, compared to 26,835,798.38 CNY in the same period of 2019[64] - The financial expenses for the third quarter of 2020 were -8,478,867.07 CNY, compared to -6,650,702.03 CNY in the third quarter of 2019[64] Operational Adjustments - The company has resumed operations in its cinemas since July 20, 2020, but faces uncertainties regarding audience turnout and new film releases[36] - The company is focusing on strategic adjustments to enhance market presence and operational efficiency moving forward[56]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥57,141,036.27, a decrease of 89.54% compared to ¥546,146,357.03 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was -¥239,456,791.27, a decline of 450.63% from ¥68,293,100.24 in the previous year[20]. - The net cash flow from operating activities was -¥73,750,637.10, down 494.74% from ¥18,683,490.86 in the same period last year[20]. - The total assets at the end of the reporting period were ¥3,270,545,986.07, a decrease of 9.05% from ¥3,595,885,622.93 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company decreased by 11.33% to ¥2,204,054,839.64 from ¥2,485,717,130.91 at the end of the previous year[20]. - Basic earnings per share for the reporting period were -¥0.64, a decrease of 455.56% compared to ¥0.18 in the same period last year[20]. - The weighted average return on net assets was -10.12%, a decrease of 13.04 percentage points from 2.92% in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -252.44 million, down 584.55% year-on-year[32]. - The net loss for the first half of 2020 was CNY 259,575,903.86, compared to a net profit of CNY 66,085,264.41 in the same period of 2019, marking a shift of approximately 493.5%[118]. Market Impact - The total box office for the national film market during the reporting period was CNY 2.246 billion, a year-on-year decrease of 92.8%[28]. - The number of cinema-goers nationwide was 60.06 million, a decline of 92.6% year-on-year[28]. - The COVID-19 pandemic led to a complete shutdown of cinemas starting January 24, 2020, resulting in zero revenue for the company's direct-operated cinemas, with ongoing costs for rent and personnel[58]. - The company faces risks related to insufficient supply of quality content, which could lead to a decline in audience demand and revenue if cinemas reopen without appealing films[59]. - The pandemic has increased the risk of bad debts due to the inability to recover receivables from companies that have ceased operations, potentially leading to asset impairment[60]. Operational Adjustments - The company has established new business groups focusing on "online film development," "overseas distribution," and "new media operations" to seek innovative growth points[33]. - The cinema management team focused on cost reduction and revenue generation during the pandemic, exploring alternative revenue streams such as event rentals and online sales of merchandise[34]. - The company plans to enhance operational efficiency by introducing new products, optimizing supply chains, and improving inventory management to recover from the pandemic[34]. Financial Management - There were no plans for profit distribution or capital reserve transfer to increase share capital during the reporting period[7]. - The company has not made significant equity investments during the reporting period, with a total investment amount of ¥0 compared to ¥229.50 million in the same period last year, reflecting a 100% decrease[52]. - The company has not proposed any profit distribution or capital reserve increase for the half-year period, indicating a focus on financial stability during uncertain times[66]. - The company received government subsidies amounting to CNY 14.91 million, contributing to other income, which accounted for -5.40% of total profit[42]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period was 26,529[88]. - The largest shareholder, Shanghai Film (Group) Co., Ltd., held 258,523,597 shares, representing 69.22% of total shares[90]. - The total number of shares increased from 373,500,000 to 448,200,000 after the 2019 profit distribution plan, which included a cash dividend of 0.113 yuan per share[87]. Accounting and Reporting - The financial statements are prepared based on the "Enterprise Accounting Standards" and comply with the disclosure requirements of the China Securities Regulatory Commission[150]. - The financial statements reflect the company's financial position, operating results, changes in shareholders' equity, and cash flows accurately and completely[156]. - The group’s accounting currency is Renminbi (RMB)[158]. - The group includes all subsidiaries in the consolidated financial statements from the date of actual control acquisition[161]. - The company recognizes long-term equity investments at cost, with investments from mergers accounted for based on the book value of the acquired entity's equity[191]. Future Outlook - The company anticipates potential losses or significant fluctuations in operating performance due to the ongoing impact of the COVID-19 pandemic on cinema operations[56]. - The company is focusing on improving its financial performance in the upcoming periods through potential market expansion and new product development strategies[134].