广西广电(600936) - 2024 Q3 - 季度财报

Financial Performance - Operating revenue for Q3 2024 increased by 10.84% year-on-year, totaling ¥932,354,928.36, while year-to-date revenue decreased by 14.59% compared to the same period last year[2]. - Net profit attributable to shareholders was -¥609,091,869.64, with a year-to-date net profit decline of 56.84% due to decreased revenue from cable viewing and government business[3][6]. - Basic earnings per share for the period was -¥0.36, with diluted earnings per share at -¥0.14, reflecting a decrease of 56.52% year-to-date[3][6]. - Total operating revenue for the first three quarters of 2024 was CNY 932,354,928.36, a decrease of 14.6% compared to CNY 1,091,643,628.24 in the same period of 2023[13]. - Net profit for the third quarter of 2024 was a loss of CNY 609,091,869.64, compared to a loss of CNY 388,355,416.31 in the same quarter of 2023[14]. - Operating profit for the first three quarters of 2024 was a loss of CNY 578,919,551, compared to a loss of CNY 369,939,690 in the first three quarters of 2023[22]. - Net profit for the first three quarters of 2024 was a loss of CNY 578,215,113, compared to a loss of CNY 367,365,686 in the same period of 2023[22]. Cash Flow and Liquidity - Cash flow from operating activities showed a significant decline of 175.76%, amounting to -¥113,131,441.79, attributed to reduced cash receipts from sales and increased cash payments for goods[2][6]. - The company reported a decrease in cash flow from operating activities, indicating challenges in cash management and operational efficiency[6]. - Total cash inflow from operating activities for the first nine months of 2024 was 922,532,747.41 CNY, down 14.65% from 1,081,023,520.92 CNY in the same period of 2023[16]. - Net cash flow from operating activities for the first nine months of 2024 was -113,131,441.79 CNY, a significant decline from 149,328,533.09 CNY in the previous year[16]. - Cash inflow from investment activities totaled 74,030,348.69 CNY in the first nine months of 2024, compared to 134,351.43 CNY in the same period of 2023[17]. - The net cash flow from financing activities was 165,377,949.84 CNY for the first nine months of 2024, a turnaround from -409,340,408.75 CNY in the previous year[17]. - Cash and cash equivalents at the end of Q3 2024 were 193,787,402.92 CNY, slightly up from 192,707,094.19 CNY in the same period of 2023[17]. - The net decrease in cash and cash equivalents for the period was ¥121,824,359.51, an improvement from a decrease of ¥393,021,328.80 in the previous year[25]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,645,313,192.25, representing a decrease of 5.7% from the previous year[3]. - The company's total liabilities reached CNY 6,718,676,241.26, an increase from CNY 6,571,457,162.23 in the previous year[12]. - The total assets of the company were CNY 7,645,313,192.25, down from CNY 8,107,185,982.86 year-on-year[12]. - The total liabilities as of the reporting date were CNY 6,710,026,638.98, an increase from CNY 6,584,942,286.62 in the previous year[20]. - The total equity decreased to CNY 935,570,950.60 from CNY 1,513,786,064.27 in the previous year[20]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 43,332[7]. - The largest shareholder, Guangxi Beibu Gulf Investment Group Co., Ltd., holds 465,137,361 shares, accounting for 27.84% of the total shares[7]. Research and Development - Research and development expenses for the first three quarters were CNY 39,694,529.85, down from CNY 44,771,274.86 in the same period last year[13]. - Research and development expenses for the first three quarters of 2024 were CNY 36,839,558, down from CNY 43,993,528 in the same period of 2023[22]. Financial Costs - The decline in financial performance is attributed to increased financial costs and reduced income from core business operations[6]. - Financial expenses surged to CNY 132,860,615.28, compared to CNY 45,420,381.87 in the previous year[13]. - The company reported a significant increase in interest expenses, totaling CNY 133,079,047.80 in the first three quarters of 2024, compared to CNY 54,709,544.05 in the same period of 2023[22]. Subsidiary Establishment - The establishment of a wholly-owned subsidiary, Guangxi Broadcasting Network Technology Development Co., Ltd., was announced to optimize asset structure and integrate broadcasting business[8]. - The company is in the process of transferring broadcasting-related assets, debts, and personnel to the new subsidiary, with the transfer base date set for December 31, 2023[8].