中视传媒(600088) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was a loss of CNY 81,127,996.23, a decrease of 207.04% year-on-year[6] - Operating revenue for the first nine months was CNY 427,129,477.42, down 19.67% from the same period last year[6] - The company reported a cumulative net profit loss expected for the year due to the impact of COVID-19 on tourism and advertising businesses[21] - Total operating revenue for Q3 2020 was ¥144,571,659.20, a decrease of 3.7% compared to ¥150,123,755.47 in Q3 2019[32] - Net profit for Q3 2020 was a loss of ¥28,480,176.37, compared to a profit of ¥11,991,463.02 in Q3 2019, representing a significant decline[33] - The total profit for the first three quarters of 2020 was a loss of approximately ¥21.33 million, compared to a profit of ¥95.99 million in the same period of 2019[36] Assets and Liabilities - Total assets decreased by 12.97% to CNY 1,420,559,496.68 compared to the end of the previous year[6] - Current assets decreased to CNY 805,105,833.65 from CNY 1,040,792,196.26, representing a decline of 22.6%[24] - Total liabilities decreased to CNY 257,787,257.35 from CNY 351,493,366.59, reflecting a reduction of 26.7%[25] - The company's equity attributable to shareholders decreased to CNY 1,126,101,887.99 from CNY 1,235,785,978.38, a decline of 8.8%[25] - The company reported a significant reduction in accounts payable, which fell to CNY 4,420,082.34 from CNY 29,108,973.56, a decrease of 84.8%[24] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 179,196,750.67, an increase of 412.66% in outflow compared to the previous year[6] - The net cash flow from operating activities changed by 412.66% year-on-year, primarily due to decreased cash flow from film, advertising, and tourism businesses[13] - In Q3 2020, the company reported a net cash flow from operating activities of -86,395,908.84 RMB, a significant decline compared to a positive cash flow of 22,425,618.27 RMB in the same period of 2019[40] - The company’s cash flow from operating activities was impacted by increased payments to employees, totaling 84,997,902.27 RMB, compared to 99,804,003.26 RMB in the previous year[40] Inventory and Receivables - Accounts receivable increased by 60.73% compared to the beginning of the period, primarily due to an increase in advertising receivables[11] - Inventory grew by 63.96% compared to the beginning of the period, mainly due to an increase in film and television business inventory[11] - Inventory rose to CNY 86,779,932.15 from CNY 52,928,229.05, marking an increase of 63.9%[24] Operating Costs and Expenses - The company's operating costs increased by 35.96% year-on-year due to a significant rise in advertising resource costs[12] - Total operating costs in Q3 2020 were ¥186,923,479.76, an increase of 34.7% from ¥139,007,204.27 in Q3 2019[32] - Sales expenses for the first three quarters of 2020 were approximately ¥6.35 million, a decrease of 49.5% compared to ¥12.58 million in the same period of 2019[35] - Management expenses for the first three quarters of 2020 were approximately ¥26.40 million, down 10.5% from ¥29.42 million in the same period of 2019[35] Shareholder Information - The number of shareholders at the end of the reporting period was 28,177[8] - The company approved a cash dividend distribution of 0.70 RMB per 10 shares, totaling 27,839,448.00 RMB[17] Investments and Other Income - The company's investment income fell by 51.76% year-on-year, mainly due to decreased returns from bank wealth management and equity method investments[12] - The company reported a significant investment loss of approximately ¥660,877.30 in Q3 2020, contrasting with a profit of ¥35.20 million in Q3 2019[35] - The company utilized 300 million RMB of idle funds for wealth management products, including structured deposits from various banks[18] Tax and Charges - The company's tax and additional charges decreased by 58.07% year-on-year, primarily due to a reduction in advertising business-related taxes[12] Deferred Tax Assets - Deferred tax assets rose by 49.89% compared to the beginning of the period, due to losses generating additional deferred tax assets[11] - Deferred tax assets increased to CNY 91,784,414.29 from CNY 61,233,893.27, an increase of 50.0%[24]