HBMC(SZ:300027)2024-10-30 12:02Financial Performance - The company's operating revenue for Q3 2024 was ¥91,528,404.37, a decrease of 33.84% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was -¥67,193,831.71, an improvement of 51.66% year-over-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥64,616,974.99, up 49.53% from the previous year[2]. - The net profit attributable to shareholders for the first three quarters of 2024 was -¥42,476,556.47, an increase of 84.93% compared to the same period last year[6]. - The net profit for Q3 2024 was -42,865,001.50 CNY, compared to -273,960,005.81 CNY in the same period last year, showing an improvement[23]. - The total profit (loss) for Q3 2024 was -45,360,283.25 CNY, an improvement from -264,781,998.25 CNY in Q3 2023[23]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was -¥55,472,442.22, a decline of 207.37% compared to the same period last year[2]. - The company's cash and cash equivalents decreased from 232,374,169.39 RMB to 168,761,579.66 RMB, a decline of approximately 27.4%[19]. - The company's cash and cash equivalents were CNY 1.12 billion, representing a decrease of 15.0% from CNY 1.32 billion in the previous year[22]. - The net cash flow from operating activities was -55,472,442.22 CNY, contrasting with a positive cash flow of 51,666,714.75 CNY in the previous year[24]. - Cash and cash equivalents at the end of Q3 2024 totaled 127,072,327.71 CNY, down from 202,498,500.95 CNY at the end of Q3 2023, a decrease of about 37%[25]. Revenue and Costs - The brand licensing and live entertainment segment reported revenue of 1.8868 million yuan, a decrease of 78.95% compared to the same period last year[9]. - The company's operating costs decreased by 32.32% year-on-year, primarily due to lower copyright income costs[12]. - Total operating revenue for Q3 2024 was CNY 399.54 million, a decrease of 16.3% compared to CNY 477.01 million in Q3 2023[22]. - Total operating costs for Q3 2024 were CNY 449.92 million, down 28.7% from CNY 630.78 million in the same period last year[22]. - The company incurred operating expenses of 450,929,684.17 CNY in Q3 2024, slightly lower than 481,889,680.05 CNY in the same period last year[24]. Investments and Projects - The company participated in films that achieved a cumulative box office of approximately ¥1.672 billion in the first three quarters[7]. - The film "The Volunteer Army: The Battle of Life and Death" was released on September 30, 2024, contributing to the company's ongoing film projects[7]. - The company has multiple film projects in preparation, including "The Mermaid 2," which is in post-production[7]. - The company has produced and invested in multiple series and online movies, including "Police Eagle" and "The Battle of Marriage," with several projects in various production stages[8]. - Investment income increased by 315.16% year-on-year, attributed to gains from the disposal of subsidiary investments[12]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 103,903[16]. - The largest shareholder, Wang Zhongjun, holds 11.51% of the shares, totaling 319,379,362 shares[16]. - The number of shares held by the top ten shareholders includes significant stakes from Alibaba and Ma Yun, indicating strong institutional support[17]. - The company has not reported any changes in the status of restricted shares or preferred shareholders[18]. Equity and Liabilities - The total assets at the end of the reporting period were ¥4,042,206,568.72, a decrease of 9.05% from the end of the previous year[2]. - Total assets decreased to CNY 3.68 billion in Q3 2024 from CNY 4.04 billion in Q3 2023, a decline of 9.0%[21]. - Total liabilities decreased to CNY 2.91 billion in Q3 2024 from CNY 3.20 billion in Q3 2023, a reduction of 9.0%[21]. - The company's total equity attributable to shareholders decreased to CNY 623.34 million in Q3 2024 from CNY 674.98 million in Q3 2023, a decline of 7.6%[21]. Operational Strategy - The company is focusing on a light asset model centered on content operations and expanding its partnerships in the entertainment sector[10]. - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[22].