证券代码：603103 证券简称：横店影视 公告编号：2022-012 横店影视股份有限公司 关于接待机构调研情况的公告 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。 横店影视股份有限公司（以下简称"公司"）于 2022 年 3 月 16 日通过电话 会议交流形式接待了机构调研，现将相关情况公告如下： 一、调研情况 时间：2022 年 3 月 16 日 16:00-16:30 调研方式：电话会议交流 调研机构名称：广发证券、华鑫证券 公司接待人员：副总经理、董事会秘书孔振钢、证券事务代表陈港 二、交流的主要问题及公司回复概要 1、公司目前在影视项目上有哪些储备？今年有什么计划？ 回复：公司对电影行业的恢复充满信心。截止目前公司全资子公司横店影业 参投未上映的影片有《龙马精神》、《独行月球》、《超能一家人》、《人生大事》等， 公司将继续深挖"内容+渠道"的全产业链优势，进一步深化"4+1"战略规划， 提升盈利能力和综合竞争力。 2、公司 2021 年业绩扭亏为盈，请问公司主要是在哪些方面做了努力？ 回复：公司业绩扭亏为盈 ...

Financial Performance - In 2021, the company's operating revenue reached RMB 2,366,061,646.05, a significant increase of 139.06% compared to RMB 989,730,026.28 in 2020[23] - The net profit attributable to shareholders of the listed company was RMB 13,667,536.58, recovering from a loss of RMB 480,525,769.65 in 2020[23] - The net cash flow from operating activities was RMB 652,553,344.29, a substantial improvement from a negative cash flow of RMB -9,942,120.47 in the previous year[23] - The total assets of the company increased by 54.25% to RMB 5,454,440,673.70 at the end of 2021, compared to RMB 3,536,041,493.17 at the end of 2020[23] - The company's net assets attributable to shareholders decreased by 20.43% to RMB 1,491,737,380.68 from RMB 1,874,845,723.51 in 2020[23] - The company reported a net profit of RMB -44,580,147.47 after deducting non-recurring gains and losses, compared to RMB -468,167,532.59 in 2020[23] - The company achieved a total box office revenue of 1.811 billion yuan in 2021, a decrease of 27.59% compared to 2019[38] - The company reported a 139.06% increase in operating income, attributed to effective pandemic control measures[25] - The net profit attributable to shareholders increased significantly due to higher revenue and improved gross margin[28] - The weighted average return on equity rose to 0.92%, a 22.31 percentage point increase from the previous year[25] Operational Strategy - The company plans not to distribute profits for 2021, retaining earnings for future growth and stability[6] - The company implemented a "4+1" development strategy to enhance operational efficiency and performance[38] - The company is focusing on a full industry chain model, transitioning from a cinema chain to a film company[38] - The company closed 15 underperforming cinemas during the reporting period to improve overall operational efficiency[43] - The company signed strategic cooperation agreements with three major commercial groups, with 70% of the projects being strategic partnerships, effectively reducing operational costs[43] - The company aims to enhance its strategic layout in the film industry, focusing on investment, production, distribution, and exhibition to create a comprehensive industry ecosystem[96] Market Performance - The revenue from asset-linked cinemas was 1.556 billion yuan, capturing a market share of 3.63% with 44.75 million admissions[38] - The revenue from franchise cinemas was 255 million yuan, with a market share of 0.59% and 7.14 million admissions[38] - The company’s market share reached 3.63%, with 44.75 million admissions in its direct-operated cinemas[53] - The company’s box office revenue from domestic films reached 39.927 billion yuan, accounting for 84.49% of total box office revenue[48] - The film industry generated revenue of ¥2,303,039,244.19, with a year-over-year increase of 142.94%[71] - The box office business accounted for ¥2,075,616,445.44 in revenue, reflecting a 130.62% increase compared to the previous year[71] Risk Management - The company emphasizes the importance of risk awareness regarding its future operational and strategic plans[7] - The company recognizes the risk of intensified market competition as the number of cinemas in China continues to grow, which may impact operational performance[105] - The company faces investment risks in film projects, as the success of films is uncertain and dependent on market conditions[106] - The company acknowledges the risk of limited supply of quality films, which significantly affects box office revenue[107] - The company faces potential operational risks due to public health emergencies, which may lead to partial or complete suspension of cinema operations, impacting short-term performance but not long-term profitability[110] Management and Governance - The total pre-tax remuneration for the reporting period for the board members and senior management amounted to 5.523 million CNY[124] - The company has a diverse board with members holding various academic and professional qualifications, enhancing its governance structure[124] - The company continues to maintain a stable leadership structure with no significant changes in shareholding among key executives[124] - The company has established a comprehensive management system for subsidiaries, ensuring oversight of assets, business, and strategic planning[173] - The company has implemented measures to prevent the misuse of funds and assets, with commitments made by major shareholders to avoid any violations of this policy[183] Future Outlook - The film industry is expected to see accelerated recovery in 2022, with a focus on mainstream value films and diverse genres to enhance audience experience[96] - In 2022, the company aims to sign 50 new project contracts, focusing on projects at the city level and above, to enhance the quality and brand influence of "Hengdian Film"[99] - The company plans to strengthen its content development by leveraging its existing IP resources and optimizing collaboration across business segments to enhance overall market competitiveness[98] - The company will continue to develop its "Hengdian Film and Tourism Online Digital Platform" in 2022, improving functionalities based on user demands and seeking content output partners[101] Financial Health - The company reported a decrease in cash and cash equivalents to ¥421,209,473.40, down 27.58% from ¥581,639,435.03 in the previous period[81] - The company’s short-term borrowings were eliminated, resulting in a 100% decrease from ¥240,000,000.00 in the previous period[81] - The company’s financial expenses increased significantly by 9302.15% due to the implementation of new leasing standards[66] - The company has retained the accounting firm Lixin for financial and internal control audits for the year 2021, with a fee of CNY 1,000,000[196] - The company reported a decrease in undistributed profits from CNY 525,232,637.92 to CNY 128,456,758.51, a decline of approximately 75.6%[194]

Financial Performance - The company's operating revenue for Q3 2021 was ¥351,464,032.32, an increase of 11.07% compared to the same period last year[8]. - The net profit attributable to shareholders was -¥136,214,384.59, showing an improvement of 12.19% year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥150,182,990.98, a decrease of 83.27% compared to the previous year[8]. - The basic earnings per share for the year-to-date was ¥0.10, a significant improvement from -¥0.58 in the same period last year[8]. - The weighted average return on equity was -8.44%, a decrease of 0.98 percentage points compared to the previous year[8]. - Net profit for the third quarter of 2021 was CNY 64,943,767.25, a recovery from a net loss of CNY 454,744,559.07 in the same quarter of 2020[46]. - The total comprehensive income attributable to the parent company was CNY 64,943,767.25, compared to a loss of CNY 453,559,419.19 in the previous year[48]. - Basic and diluted earnings per share were both CNY 0.10, recovering from a loss of CNY 0.72 per share in the same period last year[48]. - The company reported a net profit from the merged entity of CNY 0.00, compared to a loss of CNY -86,704,101.00 in the previous year[48]. Assets and Liabilities - The total assets at the end of the reporting period reached ¥5,736,493,551.70, reflecting a growth of 62.23% from the end of the previous year[10]. - The total assets of the company amounted to CNY 5,736,493,551.70, up from CNY 3,536,041,493.17 year-on-year, reflecting a growth of approximately 62%[39]. - Total liabilities increased to CNY 4,193,493,541.43 from CNY 1,661,195,769.66, marking an increase of about 152%[39]. - The company’s total equity attributable to shareholders decreased from CNY 1,874,845,723.51 to CNY 1,543,000,010.27, a decline of approximately 18%[39]. - Current liabilities reached 1,445,171,964.84, showing a decrease of 44,568,382.01 compared to the previous period[59]. - Total liabilities were reported at 1,661,195,769.66, up from 2,932,841,748.81[59]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥524,887,250.22, a substantial increase compared to the previous year[8]. - Net cash flow from operating activities was CNY 524,887,250.22, a significant improvement from a negative cash flow of CNY -7,443,457.49 in the previous year[52]. - Cash inflow from sales of goods and services was CNY 1,842,151,880.01, significantly higher than CNY 688,580,436.96 in the previous year[52]. - Total cash outflow from operating activities was CNY 1,394,158,253.90, compared to CNY 903,985,470.44 in the previous year[52]. - Cash inflow from investment activities totaled CNY 1,196,995,284.36, down from CNY 3,559,716,244.67 in the same period last year[52]. - Net cash flow from investment activities was CNY -120,474,826.63, compared to a positive cash flow of CNY 536,256,761.16 in the previous year[52]. - Cash outflow from financing activities was CNY 433,237,047.22, compared to CNY 357,099,272.98 in the previous year[54]. - The ending balance of cash and cash equivalents was CNY 548,224,093.84, down from CNY 912,621,635.57 in the previous year[54]. Market Performance - As of September 30, 2021, the company operated 390 direct-operated cinemas with 2,461 screens, generating a total box office revenue of RMB 116,831.51 million, representing a market share of 3.69% and 34.12 million viewers[23]. - In the third quarter of 2021, the company opened 8 new direct-operated cinemas and added 48 screens, achieving box office revenue of RMB 243.44 million with a market share of 3.66% and 7.52 million viewers[22]. - The total box office revenue for the Chinese film market in the first three quarters of 2021 reached RMB 34.873 billion, a year-on-year increase of 361.10% but a decrease of 27.14% compared to the same period in 2019[22]. - Domestic films accounted for RMB 28.139 billion of the total box office, marking a year-on-year increase of 372.05% and a 0.96% decrease compared to 2019, with a market share of 80.69%[22]. - The total number of moviegoers in the first three quarters of 2021 was 879 million, an increase of 285.53% year-on-year but a decrease of 31.38% compared to 2019[22]. Operational Changes - The company attributed the changes in financial performance primarily to the reduced impact of the pandemic on operations compared to the previous year[18]. - The company’s subsidiary participated in the production of several successful films, contributing to both box office and critical acclaim[23]. - The company has implemented new leasing standards effective January 1, 2021, impacting the recognition of right-of-use assets and lease liabilities[61]. - The company has recognized lease liabilities amounting to 2,975,048,847.34 under the new leasing standards[59].

Financial Performance - The company's operating revenue for the first half of 2021 reached approximately CNY 1.48 billion, a significant increase of 1,239.73% compared to CNY 110.13 million in the same period last year[21]. - The net profit attributable to shareholders of the listed company was CNY 201.16 million, a turnaround from a loss of CNY 298.43 million in the previous year, representing an increase of 167.41%[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 184.43 million, compared to a loss of CNY 359.93 million in the same period last year, marking an increase of 151.24%[21]. - The net cash flow from operating activities was CNY 419.23 million, a substantial improvement from a negative cash flow of CNY 6.05 million in the previous year, reflecting a growth of 7,028.84%[21]. - The total assets of the company at the end of the reporting period were approximately CNY 5.90 billion, an increase of 66.99% from CNY 3.54 billion at the end of the previous year[21]. - The company's operating revenue increased by 1239.73% year-on-year to CNY 1.475 billion, while operating costs rose by 135.39% to CNY 1.082 billion[37]. - The company reported an operating profit of CNY 225,750,213.20 for the first half of 2021, compared to an operating loss of CNY 339,191,389.36 in the same period of 2020[95]. - The company reported a total of ¥350,000,000.00 in trading financial assets, down from ¥500,000,000.00, indicating a decrease of 30%[86]. - The total liabilities amounted to CNY 3,863,877,596.51, while total equity was CNY 1,545,350,673.17 as of the end of the first half of 2021[92]. Box Office and Market Performance - The company achieved box office revenue of 1.085 billion yuan in the first half of 2021, representing a year-on-year increase of 1,323.43% but a 12% decrease compared to the same period in 2019[26]. - The market share of the company's asset-linked cinemas reached 3.69%, with 26.6054 million admissions recorded in direct-operated cinemas[26]. - The Chinese film market's total box office in the first half of 2021 was 27.6 billion yuan, recovering nearly 90% compared to the same period in 2019[28]. - Domestic films accounted for 80.80% of the total box office in the first half of 2021, with 202 domestic films released, generating 22.3 billion yuan in revenue[29]. - The company is focusing on expanding its presence in lower-tier cities, where box office contributions increased by 6 percentage points compared to 2019, reaching 48.1%[30]. Cinema Operations and Expansion - The company opened 19 new direct-operated cinemas and added 121 screens in the first half of 2021, bringing the total to 467 operating cinemas and 2,903 screens[26]. - As of the end of the reporting period, the company operated 385 self-owned cinemas, with 70% located in third to fifth-tier cities, aligning with the growth trends in these markets[32]. - The company has invested in 385 asset-linked cinemas with 2,431 screens, ranking third among cinema investment companies in terms of box office revenue[32]. - The company has implemented a standardized management system for cinema operations, enhancing operational efficiency and brand image[32]. - The company plans to upgrade existing cinemas with advanced technologies such as "Dolby Atmos" and "4D" to enhance viewer experience[35]. Financial Position and Assets - The company's net assets attributable to shareholders decreased by 10.43% to CNY 1.68 billion from CNY 1.87 billion at the end of the previous year[21]. - The company's long-term equity investments were valued at ¥67,207,528.49, a decrease of 17.44% from the beginning of the year[43]. - The total equity attributable to shareholders decreased to ¥1,679,214,394.86 from ¥1,874,845,723.51, a decline of about 10.4%[88]. - The total non-current assets reached ¥4,062,871,999.20, a significant increase from ¥1,648,943,036.02, representing a growth of approximately 146.5%[87]. Risks and Challenges - The company faces intensified market competition, with a rapid increase in cinema numbers and potential rises in commercial real estate rents and personnel costs[45]. - The supply of quality films remains a significant risk, with only 7 films surpassing ¥1 billion in box office revenue in the first half of 2021, indicating a lack of high-quality film supply[46]. - The company acknowledges the risk of public health emergencies affecting cinema operations, which could impact short-term performance but not long-term profitability[48]. - Regulatory scrutiny in the film industry is increasing, potentially affecting the ability to obtain necessary permits for film distribution and exhibition[48]. Corporate Governance and Shareholder Information - The company held its 2020 annual general meeting on April 13, 2021, where several key reports were approved, including the 2020 annual financial report[53]. - The company appointed new executives, including Kong Zhenggang as Vice General Manager and Board Secretary, and Pan Feng as Chief Financial Officer[54]. - The actual controller and major shareholders have made commitments to avoid competition with the company, ensuring no direct or indirect engagement in similar businesses[62]. - The company has committed to avoiding and reducing related party transactions, ensuring that transactions with independent third parties are conducted fairly and at market prices[63]. - The total number of ordinary shareholders at the end of the reporting period was 18,734[76]. Accounting Policies and Financial Reporting - The financial statements have been approved by the board of directors on August 20, 2021[120]. - The company applies the accounting treatment for business combinations under common control and non-common control[130]. - The company recognizes identifiable assets and liabilities at fair value in non-common control business combinations from the acquisition date[132]. - Revenue is recognized when the customer obtains control of the relevant goods or services, which is determined by the ability to dominate the use and obtain almost all economic benefits[198]. - The company uses the expected cumulative benefit unit method to determine the obligations arising from defined benefit plans, which are recognized in the current profit and loss or related asset costs[194].

Financial Performance - Operating income surged by 763.39% to CNY 838,064,026.66 year-on-year[12] - Net profit attributable to shareholders reached CNY 171,157,191.47, a significant turnaround from a loss of CNY 140,002,453.05 in the same period last year, representing a 222.25% increase[12] - Basic earnings per share improved to CNY 0.27 from a loss of CNY 0.22, marking a 222.73% increase[12] - The company reported a net cash flow from operating activities of CNY 292,882,425.42, up 517.08% from the previous year[29] - The company achieved an operating profit of ¥169,437,307.05 in Q1 2021, contrasting with an operating loss of ¥153,349,521.32 in Q1 2020[48] - Net profit for Q1 2021 was ¥171,157,191.47, a turnaround from a net loss of ¥140,754,518.91 in Q1 2020[49] - The total profit for Q1 2021 was RMB 131,867,555.66, compared to a loss of RMB 120,374,143.58 in the same period last year[54] Assets and Liabilities - Total assets increased by 68.69% to CNY 5,964,889,486.49 compared to the end of the previous year[12] - Total liabilities amounted to CNY 4,317,059,938.84, compared to CNY 1,661,195,769.66, marking an increase of around 159.1%[38] - Current liabilities decreased to CNY 1,117,438,826.11 from CNY 1,445,171,964.84, a reduction of approximately 22.7%[36] - Non-current liabilities decreased significantly to approximately $163.08 million from $2.89 billion, a reduction of about $2.73 billion[76] - The total assets of the company were approximately $3.21 billion, down from $5.56 billion, indicating a decrease of about $2.35 billion[76] Shareholder Information - The total number of shareholders reached 21,208 by the end of the reporting period[18] - The largest shareholder, Hengdian Group Holdings Co., Ltd., holds 80.35% of the shares[18] Cash Flow and Investments - The company's cash flow from operating activities for Q1 2021 was RMB 292,882,425.42, a substantial increase from RMB 47,462,498.83 in Q1 2020[56] - Cash inflow from operating activities totaled ¥822,161,361.32, compared to ¥207,447,699.94 in the same period last year[61] - The company reported cash received from sales and services of ¥813,101,894.09, a significant increase from ¥189,956,392.67 in Q1 2020[61] Inventory and Receivables - The company's inventory increased by 25.47% to CNY 138.06 million, attributed to an increase in film inventory[27] - The company's accounts receivable rose by 25.13% to CNY 47.06 million, primarily due to an increase in e-commerce ticket sales[27] Financial Expenses and Tax - The company’s financial expenses surged by 1467.67% to CNY 36.06 million due to increased leasing interest expenses under new leasing standards[29] - The company reported a significant increase in tax expenses, totaling ¥31,772,171.20 in Q1 2021, compared to ¥4,173,084.71 in Q1 2020[47] Changes in Equity - The company's equity attributable to shareholders decreased to CNY 1,647,829,547.65 from CNY 1,874,845,723.51, a decline of approximately 12.1%[38] - The company's retained earnings reached approximately $462.24 million, a significant increase from $122.31 million in the previous period, indicating a growth of about 278%[76]

Financial Performance - The net profit attributable to the parent company's shareholders for 2020 was RMB -480,525,769.65, with accumulated undistributed profits of RMB 525,232,637.92[6]. - In 2020, the company's operating revenue was approximately ¥989.73 million, a decrease of 66.27% compared to 2019[27]. - The net profit attributable to shareholders was a loss of approximately ¥480.53 million, representing a decline of 259.85% year-over-year[27]. - The net cash flow from operating activities was negative at approximately ¥9.94 million, a decrease of 101.78% compared to the previous year[27]. - The company's net assets decreased by 26.22% to approximately ¥1.87 billion at the end of 2020[27]. - The weighted average return on equity dropped by 34.1 percentage points to -21.39% in 2020[30]. - The basic earnings per share for 2020 was -¥0.76, a decline of 261.70% compared to 2019[30]. - The company reported a significant impact on revenue due to the COVID-19 pandemic, with all cinemas closed from January 24 to July 20, 2020[32]. - The company achieved a total box office revenue of 810 million RMB, a year-on-year decrease of 67.61%, with asset-linked cinemas contributing 697 million RMB, down 67.43%[41]. - The company experienced a quarterly revenue increase in Q4 2020, reaching approximately ¥563.15 million, compared to lower revenues in the earlier quarters[35]. Profit Distribution and Dividend Policy - The company plans not to distribute profits or increase capital reserves for the year 2020, considering the operational plans and funding needs for 2021[6]. - The company did not propose any profit distribution for the year 2020, nor did it plan to increase capital reserves or distribute profits in other forms[107]. - In 2019, the company distributed cash dividends totaling RMB 108,448,200.00, which represented 35.04% of the net profit attributable to shareholders[108]. - The company’s cash dividend policy stipulates that annual cash distributions should not be less than 10% of the distributable profits for that year[104]. - The company aims to maintain a stable dividend distribution policy, prioritizing cash dividends when conditions allow[104]. - The company’s cash dividend distribution for the last three years must not be less than 30% of the average annual distributable profits for those years[104]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements related to its operational and strategic plans[7]. - The company has detailed risk factors in the fourth section of the report, highlighting potential operational challenges[8]. - The company acknowledges the risk of public health emergencies affecting cinema operations, which could impact short-term performance but not long-term profitability[99]. - The company faces risks from intensified market competition and the potential impact of new media on traditional cinema attendance[94]. - The supply of quality films is a significant risk, as only four domestic films surpassed 1 billion yuan in box office revenue in 2020[97]. Operational Changes and Strategies - The company has strategically expanded into lower-tier cities, with 70% of its cinemas located in third to fifth-tier cities, aligning with the growth trends in these markets[47]. - The company established a pandemic response mechanism, achieving a cinema reopening rate of 71% in the first week after lockdown, with full reopening by the fifth week[53]. - The company plans to continue upgrading old cinemas and investing in advanced projection technologies to improve the viewing experience[56]. - The company is transitioning from a cinema line to a "film company" by expanding into upstream film production and distribution through acquisitions[57]. - The company plans to optimize cinema layout through both internal growth and external acquisitions, focusing on high-quality project development and strategic mergers[90]. Management and Governance - The company has a professional management team with extensive experience in project development, cinema construction, and market marketing, which is crucial for its growth[50]. - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to 469.66 million CNY[183]. - The chairman, Xu Tianfu, received a pre-tax remuneration of 1.81 million CNY during the reporting period[183]. - The remuneration for directors and supervisors is determined by the shareholders' meeting, while senior management remuneration is decided by the board of directors[196]. - The company has no reported penalties from securities regulatory agencies in the past three years[200]. Financial Products and Investments - The company has entrusted its own funds amounting to ¥1,120,000,000.00 in financial products, with an outstanding balance of ¥500,000,000.00[138]. - The company has consistently achieved recoveries across various financial products, indicating effective management of investments[140]. - The total amount of wealth management products issued by the company reached 1,000,000,000.00 with various interest rates ranging from 1.54% to 4.80%[145]. - The company continues to expand its wealth management product offerings, reflecting a commitment to market growth and customer engagement[145]. Market Overview - The total box office revenue in China for 2020 was 204.17 billion yuan, a 70% decrease year-on-year, with domestic films contributing 170.93 billion yuan, accounting for 83.72% of the total[86]. - The number of cinema screens in China reached 75,581 by the end of 2020, an increase of 10.35% year-on-year, while the number of cinemas grew by 5.79% to 13,126[81]. - The total number of moviegoers in China was 548 million in 2020, a decline of 68% year-on-year[86]. - The box office for the summer season reached 36.16 billion yuan, contributing 17.8% to the annual total, indicating a strong recovery in consumer demand[81]. Shareholding Structure - The total number of ordinary shareholders at the end of the reporting period was 17,797, down from 23,954 at the end of the previous month[167]. - The largest shareholder, Hengdian Group Holdings Co., Ltd., held 509,600,000 shares, representing 80.35% of the total shares[167]. - The company has no strategic investors or general legal entities that became top 10 shareholders due to new share placements[171]. - The company has no significant changes in shareholding structure among major shareholders during the reporting period[180].

Financial Performance - Net profit attributable to shareholders was CNY -368,040,458.07, representing a decline of 241.31% year-on-year[18]. - Operating revenue for the first nine months was CNY 399,136,082.72, down 81.27% from CNY 2,131,179,093.25 in the same period last year[18]. - The company's operating revenue for the third quarter of 2020 was RMB 399.14 million, a decrease of 81.27% compared to RMB 2.13 billion in the same period last year, primarily due to the impact of the pandemic[30]. - The company anticipates a potential loss in cumulative net profit for 2020 compared to the previous year, primarily due to the impact of COVID-19 on cinema operations[32]. - The company reported a total profit of -¥61,253,751.95 for Q3 2020, significantly lower than the profit of ¥115,008,626.84 in Q3 2019[55]. - The net profit for Q3 2020 was a loss of approximately ¥58.94 million, compared to a profit of ¥82.11 million in Q3 2019[63]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,109,789,395.61, a decrease of 9.87% compared to the end of the previous year[18]. - Total liabilities increased from CNY 1,063,049,584.70 to CNY 1,198,999,048.05, representing a rise of approximately 12.8%[43]. - Current liabilities increased from CNY 841,726,136.55 to CNY 973,992,293.56, representing a rise of about 15.7%[41]. - Total equity decreased from CNY 2,387,279,005.63 to CNY 1,910,790,347.56, a decline of about 20%[43]. - The company’s financial assets decreased by 67.39% to RMB 300 million from RMB 920 million, mainly due to a reduction in financial products[30]. - The total amount of other payables was approximately $465.68 million, which includes interest payable[86]. Cash Flow - The net cash flow from operating activities was CNY 630,096.03, a significant drop of 99.87% compared to CNY 487,077,974.45 in the previous year[18]. - The company reported a cash inflow from operating activities of approximately ¥652.70 million for the first three quarters of 2020, down from ¥2.41 billion in the same period of 2019[65]. - The total cash inflow from operating activities was 608,810,027.18 RMB, down from 2,223,875,110.62 RMB in the same period last year[70]. - The cash outflow for purchasing goods and services was 304,452,628.28 RMB, compared to 1,212,314,144.71 RMB in the previous year[70]. - The net cash flow from investment activities was 547,569,803.78 RMB, recovering from a negative cash flow of -93,103,142.53 RMB in the previous year[70]. Shareholder Information - The total number of shareholders at the end of the reporting period was 18,832[24]. - The largest shareholder, Hengdian Group Holding Co., Ltd., held 80.35% of the shares[24]. - Basic and diluted earnings per share were both CNY -0.58, a decrease of 241.46% from CNY 0.41 in the previous year[18]. Government Support - Government subsidies recognized in the current period amounted to CNY 25,484,122.71, contributing to the overall financial performance[21]. - The company received government subsidies amounting to RMB 62.53 million, an increase of 121.58% compared to the previous year, contributing to its operating income[32]. Market Performance - The total box office for the Chinese film market in the first three quarters of 2020 was RMB 7.563 billion, a decrease of 84.20% year-on-year, with total attendance down 82.20% to 228 million[28]. - As of September 30, 2020, the company opened 16 new direct-operated cinemas and added 102 screens, achieving box office revenue of RMB 238.24 million, with a market share of 4.32% and 7.46 million viewers[30]. - For the first nine months of 2020, the company operated 369 direct-operated cinemas with 2,326 screens, generating cumulative box office revenue of RMB 301.67 million, a market share of 3.99%, and 9.70 million viewers[30]. Operational Costs - Total operating costs for Q3 2020 were ¥388,494,068.07, down 39.9% from ¥645,471,655.44 in Q3 2019[52]. - The gross profit margin for Q3 2020 was negative, with operating costs amounting to ¥275.19 million against revenues of ¥253.76 million[60]. Other Financial Metrics - The weighted average return on equity decreased by 28.39 percentage points to -16.98%[18]. - Non-recurring gains and losses totaled CNY 20,367,084.69 for the current period[24]. - Research and development expenses were not specified in the report, indicating a potential area for future focus[52].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥98,121,682.35, a decrease of 92.92% compared to ¥1,386,176,450.20 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was -¥306,463,266.30, down 276.9% from ¥173,238,628.72 in the previous year[20]. - The net cash flow from operating activities was -¥124,301,499.06, a decline of 151.19% compared to ¥242,803,925.64 in the same period last year[20]. - The company's box office revenue for the first half of 2020 was 76.19 million yuan, a decrease of 93.82% year-on-year, with 63.44 million yuan from direct-operated cinemas and 12.76 million yuan from franchised cinemas[30]. - The total box office in mainland China for the first half of 2020 was 2.246 billion yuan, down 92.8% from 31.17 billion yuan in the same period last year[32]. - The number of moviegoers in mainland China dropped to 6 million in the first half of 2020, a decrease of 92.6% from 80.8 million in the previous year[32]. - The company's operating revenue for the first half of 2020 was approximately ¥98.12 million, a decrease of 92.92% compared to ¥1.39 billion in the same period last year due to the impact of the COVID-19 pandemic[49]. - The company reported a significant decline in net profit and operating income due to the COVID-19 pandemic, with all cinemas closed from January 24, 2020, and a gradual reopening starting July 20, 2020[60]. - The company reported a significant decrease in undistributed profits from CNY 1,032,450,708.50 to CNY 617,539,242.20, a decline of about 40.1%[111]. - The total comprehensive income for the first half of 2020 was CNY -262,836,928.57, contrasting with CNY 156,381,145.91 in the previous year, reflecting a significant downturn[129]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,042,995,213.67, a decrease of 11.81% from ¥3,450,328,590.33 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company were ¥1,972,367,539.33, down 17.38% from ¥2,387,279,005.63 at the end of the previous year[20]. - Cash and cash equivalents decreased by 33.53% compared to the end of the previous year, primarily due to cinema closures and reduced revenue[35]. - Accounts receivable decreased by 65.42% year-on-year, mainly due to the collection of advertising fees during the reporting period[35]. - The company's total current assets as of June 30, 2020, amounted to ¥1,321,619,987.10, a decrease from ¥1,629,022,689.01 at the end of 2019[106]. - Total liabilities increased from CNY 1,063,049,584.70 to CNY 1,070,627,674.34, an increase of approximately 0.7%[111]. - Total equity attributable to shareholders decreased from CNY 2,387,279,005.63 to CNY 1,972,367,539.33, a decline of about 17.4%[111]. Operational Changes and Strategies - The company has established a comprehensive pandemic prevention mechanism and prepared for reopening by implementing strict health measures and guidelines[44]. - The company has optimized its cinema projects, focusing on quality and performance, and has implemented a closure management system for underperforming cinemas[46]. - The company has adjusted its operational strategies to focus on cost reduction and efficiency improvements, including lowering rental costs and managing cash flow more effectively[45]. - The company anticipates a recovery in audience enthusiasm for cinema viewing as the pandemic situation improves, despite the challenges faced[34]. - The company is positioned as a leading private cinema investment company in China, focusing on asset-linked cinema investments and expanding into lower-tier cities[36]. Shareholder and Governance Commitments - The company has committed to not transferring or entrusting the management of its shares for 36 months post-IPO, ensuring shareholder stability[74]. - The controlling shareholder has issued a commitment to avoid any direct or indirect competition with the company's main business, effective since May 27, 2016, and remains valid indefinitely[76]. - The company has established strict guidelines for related party transactions, ensuring they are conducted at fair market prices and comply with legal procedures[79]. - The company has committed to measures to mitigate the dilution of immediate returns, including restrictions on personal consumption and linking compensation to the execution of these measures[82]. - The company has a plan to compensate investors for any losses incurred due to misleading information in the IPO prospectus, with a focus on protecting minority investors[80]. Market and Industry Context - The pandemic has accelerated the industry reshuffle, with many small cinemas facing financial difficulties and potential closures, benefiting larger cinema chains[34]. - The company faces risks from intensified market competition, with a rapid increase in cinema numbers and potential rises in rental and personnel costs[61]. - The company is at risk of losing quality film supply due to production halts during the pandemic, which could impact box office revenues[64]. Financial Reporting and Compliance - The company’s financial statements comply with the requirements of the enterprise accounting standards, ensuring a true and complete reflection of its financial status[170]. - The company prepares consolidated financial statements based on control, including itself and all subsidiaries[175]. - The company recognizes cash equivalents as short-term, highly liquid investments that are easily convertible to known amounts of cash[186]. - The company has not reported any major contracts or guarantees during the reporting period, indicating a conservative approach to financial commitments[92]. - The company has maintained a good integrity status, with no significant debts or court judgments outstanding during the reporting period[86].

证券代码：603103 证券简称：横店影视 公告编号：2020-020 横店影视股份有限公司 关于参加浙江辖区上市公司投资者网上集体接待日 活动的公告 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。 为进一步加强与投资者特别是中小投资者的沟通交流，横店影视股份有限公 司（以下简称"公司"）将参加由浙江证监局指导、浙江上市公司协会与深圳市 全景网络有限公司共同举办的"凝心聚力 共克时艰"辖区上市公司投资者网上 集体接待日主题活动。现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网 上平台举行，投资者可以登录"全景·路演天下"网站（http://rs.p5w.net)参与公 司本次投资者网上接待日活动。网上互动交流时间为2020年5月15日（星期五） 15:00-17:00。 届时，公司总经理张义兵先生、财务总监沈俊玲女士、董事会秘书潘锋先生 及相关工作人员将通过网络远程方式，与投资者就公司治理、发展战略、经营情 况、可持续发展等投资者所关注的问题进行沟通与交流。（如遇特殊情况，参与 人 ...

Financial Performance - Net profit attributable to shareholders was CNY -137,632,194.63, a decline of 186.6% year-on-year[12] - Operating revenue fell by 89.52% to CNY 91,546,140.76 compared to CNY 873,533,501.46 in the same period last year[12] - Basic earnings per share were CNY -0.22, down 188% from CNY 0.25 in the previous year[12] - The company's operating revenue for the reporting period was CNY 91.55 million, a decline of 89.52% compared to the previous year, primarily due to cinema closures[26] - Net profit for Q1 2020 was a loss of CNY 137,632,194.63, compared to a profit of CNY 158,929,099.09 in Q1 2019[51] - Operating profit for Q1 2020 was a loss of CNY 150,205,016.67, compared to a profit of CNY 202,438,822.11 in Q1 2019[48] - Total operating revenue for Q1 2020 was CNY 91,546,140.76, a decrease of 89.5% compared to CNY 873,533,501.46 in Q1 2019[48] Cash Flow and Liquidity - Net cash flow from operating activities was CNY -91,565,929.86, a decrease of 147.45% year-on-year[12] - The company reported a net cash flow from operating activities of -91,565,929.86 RMB in Q1 2020, a significant decline compared to 192,978,642.46 RMB in Q1 2019[57] - Total cash inflow from operating activities was 217,165,656.53 RMB, down 77.4% from 959,682,679.17 RMB in the same period last year[57] - Cash and cash equivalents decreased by 72.45% to CNY 79.68 million due to reduced income from cinema operations[26] - Cash and cash equivalents at the end of the period were 79,677,065.98 RMB, a decrease from 419,441,944.83 RMB at the end of Q1 2019[59] - The company experienced a net decrease in cash and cash equivalents of -209,501,089.11 RMB, compared to an increase of 194,042,385.70 RMB in Q1 2019[59] Assets and Liabilities - Total assets decreased by 5.65% to CNY 3,255,236,261.66 compared to the end of the previous year[12] - Total liabilities decreased from CNY 1,063,049,584.70 to CNY 1,005,589,450.66, a decrease of approximately 5.41%[39] - Current liabilities decreased from CNY 841,726,136.55 to CNY 785,555,074.87, a reduction of about 6.68%[37] - Non-current liabilities decreased from CNY 221,323,448.15 to CNY 220,034,375.79, a slight decline of 0.58%[39] - Total equity decreased from CNY 2,387,279,005.63 to CNY 2,249,646,811.00, a decrease of approximately 5.77%[39] Market and Operations - As of the reporting period, the company operated 376 direct-operated cinemas with a total of 2,365 screens, achieving a cumulative box office of CNY 63.44 million and a market share of 3.04%[23] - The total box office for the national film market in Q1 2020 was CNY 2.246 billion, a year-on-year decrease of 87.94%, with domestic films accounting for CNY 1.82 billion, down 86.28%[23] - The company opened 9 new direct-operated cinemas and added 57 screens during the reporting period[23] - The total number of audience visits for the company was 2.24 million, reflecting a significant decline due to the pandemic[23] - The company’s market share for franchise cinemas was 0.61%, with 83 franchise cinemas and 468 screens, generating a cumulative box office of CNY 12.76 million[23] Shareholder Information - The total number of shareholders at the end of the reporting period was 21,828[19] - The largest shareholder, Hengdian Group Holdings Co., Ltd., holds 80.35% of the shares[19] Other Income and Expenses - The company reported a non-operating income of CNY 23,320,789.31, which includes government subsidies and other income[15] - The company’s financial expenses decreased by 174.09% to -CNY 434,685.99, attributed to reduced non-bank transaction fees and interest expenses[26] - Total operating costs for Q1 2020 were CNY 258,665,879.30, down 62.5% from CNY 689,865,449.51 in Q1 2019[48] - Other income for Q1 2020 was CNY 7,735,629.46, down from CNY 10,771,498.84 in Q1 2019[48] - Investment income for Q1 2020 was CNY 8,700,065.73, compared to CNY 8,204,684.76 in Q1 2019[48] - Tax expenses for Q1 2020 were CNY 265,206.38, significantly lower than CNY 49,455,612.48 in Q1 2019[48] - Sales expenses for Q1 2020 were CNY 4,149,581.97, down 71.2% from CNY 14,424,829.83 in Q1 2019[48] - Management expenses for Q1 2020 were CNY 7,203,352.09, a decrease from CNY 10,943,423.12 in Q1 2019[48] Future Outlook - The company anticipates a potential net loss for the first half of 2020 due to the impact of the COVID-19 pandemic on cinema operations[29]