SXBN(SH:600831)2024-10-28 09:23Financial Performance - The company's operating revenue for Q3 2024 was ¥290,408,308.20, a decrease of 40.68% compared to the same period last year[2]. - The net profit attributable to shareholders was -¥198,276,957.06, showing a significant loss compared to -¥72,874,206.88 in the previous year[2]. - The basic earnings per share for the period was -¥0.279, compared to -¥0.102 in the same quarter last year[4]. - Operating revenue for the current reporting period decreased by 40.68% due to declines in cable television and merchandise sales[9]. - Year-to-date operating revenue decreased by 35.20%, primarily attributed to the decline in cable television and merchandise sales[9]. - Net profit attributable to shareholders for the current reporting period showed a significant loss increase due to decreased revenue and profits[9]. - Net profit attributable to shareholders year-to-date also reflected increased losses due to revenue decline[9]. - The net loss attributable to shareholders was CNY -88,320,318.85, compared to a profit of CNY 473,492,044.60 in the previous year[17]. - The net profit for Q3 2024 was a loss of approximately CNY 567.42 million, compared to a loss of CNY 63.00 million in Q3 2023, indicating a significant increase in losses[19]. - The net loss for the first three quarters of 2024 was reported at ¥246,823,899.53, contrasting with a profit of ¥266,702,909.54 in the same period of 2023[26]. - The total comprehensive income for the third quarter was -513,526,809.07 RMB, compared to -21,334,584.09 RMB in the same quarter of 2023[28]. Assets and Liabilities - The total assets at the end of the reporting period were ¥11,255,051,024.44, a decrease of 3.37% from the previous year[4]. - The equity attributable to shareholders decreased by 17.88% to ¥2,570,629,235.60 compared to the previous year[4]. - Current assets as of September 30, 2024, totaled CNY 4,107,529,939.57, down from CNY 4,237,119,053.57 at the end of 2023, reflecting a decline of 3.1%[16]. - Non-current assets decreased to CNY 7,147,521,084.87 from CNY 7,410,170,666.72, representing a reduction of 3.5%[16]. - Total liabilities increased to CNY 8,673,102,318.89 from CNY 8,499,879,834.67, marking an increase of 2.0%[17]. - The company's total assets decreased to CNY 11,255,051,024.44 from CNY 11,647,289,720.29, a decline of 3.4%[17]. - The total liabilities as of September 30, 2024, were ¥8,283,751,698.05, up from ¥8,094,309,568.23, indicating an increase of about 2.33%[26]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥196,692,001.89, a significant increase of 382.77% compared to the previous year[2]. - The cash flow from operating activities for the first three quarters of 2024 was approximately CNY 1.32 billion, down from CNY 1.45 billion in the same period of 2023, a decrease of about 8.7%[22]. - The company experienced a net cash inflow from operating activities of approximately CNY 196.69 million in Q3 2024, a substantial increase compared to CNY 40.74 million in Q3 2023[22]. - The cash flow from financing activities in Q3 2024 included cash received from borrowings of approximately CNY 2.33 billion, down from CNY 2.65 billion in Q3 2023, a decrease of about 12.1%[22]. - The cash outflow from financing activities totaled ¥2,322,076,895.72, up from ¥2,147,183,068.78, indicating a rise of about 8.1%[23]. - Cash flow from operating activities generated a net inflow of 215,656,890.41 RMB, a substantial increase from 5,843,235.13 RMB in the previous year[29]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 45,026[11]. - The largest shareholder, Shaanxi Broadcasting Media Group Co., Ltd., holds 29.20% of the shares[11]. Regulatory and Compliance - The company has made adjustments to its financial statements due to regulatory requirements, impacting various financial metrics[5]. - The company received an administrative penalty of 5.4 million yuan and warnings for regulatory violations[14]. Financial Ratios - The weighted average return on net assets was -7.38%, a decrease of 5.43 percentage points from the previous year[4]. - The weighted average return on equity decreased by 5.43 percentage points year-to-date, primarily due to reduced profits[10]. - The weighted average return on equity decreased by 18.26 percentage points for the year-to-date period, attributed to profit reduction[10]. Investment Performance - The investment income for Q3 2024 showed a loss of approximately CNY 3.05 million, contrasting with a gain of CNY 7.36 million in Q3 2023, indicating a decline in investment performance[19].