BTH(SH:600640)2018-10-30 16:00Financial Performance - Operating revenue for the first nine months dropped by 33.41% to CNY 2,547,355,750.04 compared to the same period last year[6]. - Net profit attributable to shareholders decreased by 21.37% to CNY 184,745,229.21 for the first nine months[6]. - The net profit for Q3 was CNY 144,932,988.48, representing a 35.25% increase compared to the same period last year[7]. - Total revenue for Q3 2018 was CNY 254.74 million, a decrease of 33.4% compared to the previous year[17]. - Net profit for the same period was CNY 1.96 billion, with a year-on-year decline of 21.37%[18]. - The total profit for Q3 2018 was CNY 72,533,710.69, compared to CNY 107,965,806.67 in Q3 2017, reflecting a decrease of about 32.8%[34]. - The company reported a net loss of CNY 3,680,344.69 for Q3 2018, an improvement from a loss of CNY 5,637,374.36 in Q3 2017[37]. - The net profit (loss) for Q3 2018 was -3,680,853.76 RMB, which is a decrease from -5,643,278.77 RMB in the same period last year, reflecting a reduction in losses[38]. Cash Flow - Net cash flow from operating activities increased by 27.64% to CNY 412,151,609.43 compared to the same period last year[6]. - Cash flow from operating activities for Q3 2018 was CNY 4.12 billion[19]. - The company reported a total cash inflow from operating activities of 4,437,656,925.15 RMB, while cash outflow was 4,025,505,315.72 RMB, resulting in a net cash flow of 412,151,609.43 RMB for the first nine months of 2018[41]. - The cash flow from operating activities showed a negative trend, with a total outflow of $59.76 million compared to $52.25 million last year[45]. Assets and Liabilities - Total assets decreased by 4.97% to CNY 6,172,379,468.57 compared to the end of the previous year[6]. - Accounts receivable decreased by 69.4% to 42,884.44 million RMB compared to the beginning of the period[16]. - Other receivables increased by 155.8% to 41,610.00 million RMB compared to the beginning of the period[16]. - The company has seen a significant increase in other current assets, rising by 3,502.8% to 106,964.54 million RMB[16]. - Long-term equity investments increased by 52.7% to 1,847.13 million RMB compared to the beginning of the period[16]. - Total liabilities as of September 30, 2018, were CNY 32,277,651.66, a decrease from CNY 63,180,483.27 at the beginning of the year[30]. - The company’s retained earnings showed a negative balance of CNY -13,829,998.98 as of September 30, 2018, compared to a positive balance of CNY 93,097,985.40 at the beginning of the year[30]. Shareholder Information - The total number of shareholders at the end of the reporting period is 27,985[10]. - The largest shareholder, China Telecom Group Co., Ltd., holds 51.16% of shares, totaling 407,061,147 shares[10]. Revenue Breakdown - Revenue from the gaming business for the first nine months of 2018 is 67,424.74 million RMB, a decrease of 64.23% compared to the same period in 2017[13]. - Video business revenue for the first nine months of 2018 is 77,700.91 million RMB, down 23.75% year-over-year[13]. - The number of registered users for the video business reached 46,366.78 million, with a cumulative usage time of 31,274.59 million hours[15]. - The monthly active users for mobile games are 6,306, with an average revenue per user (ARPU) of 20 RMB[15]. Expenses - Sales expenses decreased by CNY 1.50 billion (-49.4%) mainly due to reduced service fees[19]. - Financial expenses decreased by CNY 16.29 million (-61.3%) primarily due to an increase in interest income[19]. - The operating cost for the first nine months of 2018 was CNY 9,142,080.28, significantly higher than CNY 4,195,634.69 in the previous year, indicating an increase of approximately 118.5%[37]. Other Income - Non-operating income for the first nine months included government subsidies of CNY 19,737,625.52 related to enterprise transformation[8]. - Other income increased by CNY 13.53 million (+217.5%) due to higher government subsidies related to daily activities[19].