Arcvideo Tech(SH:688039)2024-10-29 10:51Financial Performance - The company's operating revenue for Q3 2024 was ¥51,125,950.06, a decrease of 52.30% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was -¥27,672,566.81, with a year-to-date net profit of -¥69,451,316.20[2]. - Basic and diluted earnings per share for Q3 2024 were both -¥0.25, compared to -¥0.33 in the same period last year[3]. - Total operating revenue for the first three quarters of 2024 was CNY 169,112,150.58, a decrease of 21% compared to CNY 214,067,175.77 in the same period of 2023[19]. - The net loss for the third quarter of 2024 was ¥75.14 million, an improvement from a net loss of ¥98.73 million in the third quarter of 2023, indicating a reduction in losses by 23.9%[21]. - The company reported a net loss of CNY 80,917,363.30 for the first three quarters of 2024, compared to a net loss of CNY 11,466,047.10 in the same period of 2023[17]. Cash Flow - The company reported a net cash flow from operating activities of -¥39,860,591.91 year-to-date[2]. - The net cash flow from operating activities for the first three quarters of 2024 was -¥39.86 million, an improvement from -¥101.97 million in the same period of 2023[22]. - The net cash flow from investing activities for the third quarter was -¥72.30 million, compared to -¥104.45 million in the same quarter of the previous year, indicating a reduction in cash outflow from investments[23]. - The net cash flow from financing activities for the third quarter was -¥69.15 million, a decrease from a positive cash flow of ¥77.51 million in the same period of 2023[23]. - The company’s total operating cash inflow for the first three quarters of 2024 was ¥231.11 million, compared to ¥160.24 million in the same period of 2023, marking a significant increase[22]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥1,419,998,186.18, down 11.11% from the end of the previous year[3]. - As of September 30, 2024, the company's total current assets amounted to RMB 607,588,913.73, a decrease of 22.39% from RMB 783,022,393.16 at the end of 2023[15]. - Total liabilities decreased to CNY 242,200,057.27 from CNY 341,127,160.86, indicating a reduction of approximately 29%[17]. - The company's total assets amounted to CNY 1,419,998,186.18, down from CNY 1,597,497,921.14[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10, with 9,540 shares held by the top ten shareholders[9]. - The company reported a total of 17,634,876 shares held by Hangzhou Hongchang Enterprise Management Partnership, accounting for 15.76% of the total shares[10]. - The top three shareholders, all controlled by the same individual, hold a combined total of 43,506,716 shares, representing 38.87% of the total shares[11]. - The company has not reported any significant changes in shareholder relationships or agreements among the top shareholders[11]. Research and Development - Research and development expenses totaled ¥33,592,867.00 in Q3 2024, a decrease of 24.06% year-on-year, representing 65.71% of operating revenue[3]. - Research and development expenses for the first three quarters of 2024 were CNY 94,618,586.12, down from CNY 116,869,185.60 in 2023, reflecting a decrease of approximately 19%[19]. Other Information - The decrease in operating revenue was primarily due to a decline in media and cultural business income[6]. - Non-recurring gains and losses for Q3 2024 amounted to ¥2,575,920.14, with significant contributions from asset disposal gains and government subsidies[5]. - The weighted average return on equity for Q3 2024 was -2.34%, an increase of 0.36 percentage points year-on-year[3]. - The company has not disclosed any new product developments or market expansion strategies during the reporting period[13]. - There were no significant updates regarding mergers or acquisitions in the recent quarter[13]. - The total comprehensive income for the third quarter was reported at -¥78.44 million, compared to -¥81.62 million in the same quarter of 2023, reflecting a slight improvement[21]. - The company's cash and cash equivalents were reported at RMB 142,064,832.78, down from RMB 288,149,299.15, indicating a reduction of 50.74%[15].