SFC(SH:601595)2024-10-29 10:05Financial Performance - The company's operating revenue for Q3 2024 was ¥178,890,356.72, a decrease of 30.52% compared to the same period last year[2]. - The net profit attributable to shareholders was ¥38,327,834.79, down 34.68% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥740,944.73, a significant drop of 98.27% compared to the previous year[2]. - Basic and diluted earnings per share were both ¥0.09, down 30.77% from the previous year[2]. - The weighted average return on equity was 2.26%, a decrease of 1.27 percentage points year-on-year[2]. - Total operating revenue for the first three quarters of 2024 was CNY 559,754,150.79, a decrease of 11.05% compared to CNY 629,417,301.37 in the same period of 2023[13]. - Operating profit for the first three quarters of 2024 was CNY 148,477,173.45, a decline of 10.09% compared to CNY 165,223,041.08 in 2023[13]. - Net profit for the first three quarters of 2024 was CNY 139,184,342.52, down 42.67% from CNY 243,682,870.62 in the same period of 2023[13]. - The net profit attributable to the parent company shareholders decreased to ¥107,409,655.68 from ¥124,521,085.09, representing a decline of approximately 13.7% year-over-year[14]. - The total comprehensive income attributable to the parent company owners was ¥107,409,655.68, down from ¥124,521,085.09, indicating a decrease of about 13.7%[14]. - The basic and diluted earnings per share were both ¥0.24, compared to ¥0.28 in the previous period, reflecting a decline of 14.3%[14]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥18,737,960.71, reflecting an 80.13% decrease[2]. - Cash inflows from operating activities totaled ¥1,439,089,534.84, a decrease of approximately 18.7% from ¥1,769,719,002.13 in the same period last year[16]. - Cash outflows from operating activities were ¥1,420,351,574.13, down from ¥1,675,409,501.09, resulting in a net cash flow from operating activities of ¥18,737,960.71, compared to ¥94,309,501.04 previously[16]. - Cash inflows from investment activities amounted to ¥971,441,432.57, an increase from ¥617,152,081.42, while cash outflows for investment activities rose to ¥1,221,985,070.58 from ¥962,966,619.63[17]. - The net cash flow from investment activities was -¥250,543,638.01, an improvement from -¥345,814,538.21 year-over-year[17]. - Cash inflows from financing activities were ¥7,200,000.00, up from ¥2,950,000.00, while cash outflows for financing activities decreased to ¥132,298,602.57 from ¥187,944,331.30[17]. - The ending cash and cash equivalents balance was ¥355,808,058.18, down from ¥422,281,426.28, indicating a decrease of approximately 15.8%[17]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,745,334,258.99, a decline of 7.60% from the end of the previous year[3]. - Total liabilities as of the end of Q3 2024 were CNY 861,399,387.56, down from CNY 1,182,502,751.32 in the previous year[12]. - Total equity attributable to shareholders of the parent company was CNY 1,704,544,026.72, an increase from CNY 1,648,229,171.04 in Q3 2023[12]. - Cash and cash equivalents decreased to CNY 209,614,449.91 from CNY 1,369,792.37 in the previous year[12]. - The total current assets decreased to ¥1.00 billion from ¥1.61 billion, reflecting a reduction of about 38%[10]. - Accounts receivable decreased to ¥129.65 million from ¥147.32 million, a decline of approximately 12%[10]. - Inventory increased significantly to ¥51.87 million from ¥16.56 million, marking an increase of about 213%[10]. - The total non-current assets include long-term equity investments of ¥268.12 million, showing stability in this area compared to the previous period[10]. - The company has maintained its other equity investments at ¥406.66 million, indicating no changes in this investment strategy[10]. Shareholder Structure - The company's major shareholder, Shanghai Film (Group) Co., Ltd., holds 69.22% of the shares, indicating strong control over the company[7]. - The top ten shareholders collectively hold a significant portion of the company's equity, with the largest shareholder alone holding over 310 million shares[8]. - The company reported no changes in the participation of major shareholders in margin trading or securities lending activities during the reporting period[9]. Market Conditions and Strategy - The decline in revenue and profit was primarily attributed to a downturn in the film market, leading to reduced box office income[6]. - There are no significant new strategies or product developments mentioned in the report, focusing instead on financial performance and shareholder structure[9]. - The company plans to focus on market expansion and new product development in the upcoming quarters[12]. - The company did not execute any mergers or acquisitions during the reporting period, with no net profit reported from merged entities[15].