BJCT(SZ:000802)2024-10-30 08:58Financial Performance - The company's operating revenue for Q3 2024 was ¥91,649,053.73, representing a significant increase of 3,500.25% compared to the same period last year[2]. - The net profit attributable to shareholders was -¥7,158,442.56, showing an improvement of 93.64% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥11,482,566.37, a decrease of 46.33% compared to the previous year[2]. - The company experienced a 28.06% decrease in operating income from the beginning of the year to the reporting period, primarily due to lower film revenue[5]. - The net profit for Q3 2024 was -39,911,971.76 CNY, an improvement from -143,801,175.26 CNY in the same period last year, indicating a reduction in losses[18]. - The company's operating profit was -41,535,470.80 CNY, an improvement from -49,249,029.25 CNY in the previous year, showing a positive trend in operational efficiency[18]. - The total comprehensive income for the period was -39,911,971.76 CNY, compared to -143,801,175.26 CNY in the previous year, reflecting a significant reduction in overall losses[19]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,562,918,081.94, down 6.65% from the end of the previous year[2]. - Total assets decreased to CNY 2,562,918,081.94 from CNY 2,745,351,059.70, a reduction of 6.6%[16]. - Total liabilities decreased to CNY 1,371,451,390.01 from CNY 1,513,972,396.01, a decline of 9.4%[16]. - Non-current liabilities decreased to CNY 62,498,875.80 from CNY 96,460,487.94, a decrease of 35.2%[16]. Cash Flow - The company's cash flow from operating activities was -¥143,420,543.76, reflecting a decline of 10.08% year-on-year[5]. - The cash inflow from operating activities was 310,942,818.07 CNY, up from 235,330,395.56 CNY in the previous year, indicating stronger cash generation capabilities[20]. - The net cash outflow from operating activities was CNY 143,420,543.76, compared to a net outflow of CNY 130,287,254.99 in the previous year, indicating a decline in cash flow from operations[21]. - Cash inflow from financing activities totaled CNY 280,000,000.00, up from CNY 200,000,000.00 in the previous year[21]. - The net cash outflow from financing activities was CNY 216,674,267.64, compared to CNY 179,043,623.99 in the previous year, reflecting increased financial obligations[21]. - Cash and cash equivalents at the end of Q3 2024 amounted to CNY 15,960,968.90, a significant decrease of 83.1% from CNY 94,334,432.11 at the beginning of the period[14]. Investments and Projects - The company has multiple film projects in progress, including "Traveling Through the Moon" which was released in May 2024, and "You Are More Beautiful Than the Stars" which aired in July 2024[11][12]. - The company is currently in the post-production phase for "The Second Part of Fengshen: The Battle of Xiqi" and "The Fengshen Trilogy: The World of Fengshen" projects[11]. - The company has several upcoming projects in production and investment stages, including "I Am Zhao Jia Di 2" and "Good Luck Home," with release dates in 2024[15]. - The company is actively developing new film and television projects, with several slated for release in 2024, indicating a robust content pipeline[12]. - The company has a diverse portfolio of film projects, with various genres and formats, enhancing its market presence[11]. Shareholder Information - The company reported a total of 47,447 common shareholders at the end of the reporting period[6]. - The largest shareholder, Fude Life Insurance Co., held 15.60% of the shares, amounting to 111,649,909 shares[6]. Financial Management - The weighted average return on net assets was -0.59%, an increase of 7.13% compared to the same period last year[2]. - Research and development expenses amounted to 59,292,698.25 CNY, slightly decreased from 60,903,281.75 CNY in the previous year, indicating a focus on cost management[18]. - The financial expenses increased to 15,112,391.07 CNY from 7,505,447.68 CNY, primarily due to higher interest expenses of 16,158,615.18 CNY compared to 7,983,373.18 CNY last year[18]. - The company is focusing on optimizing its asset structure to improve operational funding through strategic investments and divestments[10]. Market Outlook - The company acknowledges the uncertainty in achieving its 2024 profit forecasts due to market fluctuations and will adjust its plans accordingly[12]. - The company noted that the operational plans do not represent profit forecasts for 2024, highlighting significant uncertainty due to market conditions[15]. Other Information - The company transferred a portion of its investment in the Xiamen Beiweng Fund, amounting to RMB 70 million, to Beijing Xinghe Quansheng Investment Holdings Co., Ltd., reducing its total investment in the fund to RMB 330 million[10]. - The company reported that the total scale of the Xiamen Beiweng Fund is RMB 2.8 billion, with the company as a limited partner contributing RMB 400 million[9]. - The company has completed the transfer of its rights and obligations related to the Xiamen Beiweng Fund, with the transfer process finalized and registered[10]. - The company did not conduct an audit for the third quarter report[22]. - The report was released on October 29, 2024, by the board of directors of Beijing Jingxi Culture & Tourism Co., Ltd.[22].