CTV Media(SH:600088)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥183,677,684.46, representing a year-on-year increase of 27.05%[6] - The net profit attributable to shareholders of the listed company was -¥9,644,603.73, with a year-to-date net profit of -¥13,609,779.46[6] - Basic and diluted earnings per share for the period were both -¥0.024, reflecting a decrease compared to -¥0.034 in the same period last year[7] - The company experienced a 43.31% increase in operating revenue year-to-date, driven by growth in film, tourism, and advertising businesses[10] - The net profit attributable to shareholders decreased by 83.22% year-to-date, despite growth in various business segments[10] - Net profit for Q3 2021 was CNY -14,961,245.35, a significant improvement from CNY -89,529,164.48 in Q3 2020[25] - The company reported a total comprehensive income of CNY -6,778,539.79 for Q3 2021, compared to CNY -90,245,810.64 in Q3 2020[26] - Basic and diluted earnings per share for Q3 2021 were both CNY -0.034, an improvement from CNY -0.204 in Q3 2020[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,360,250,127.39, down 13.51% from the end of the previous year[7] - The total current assets decreased to ¥706,182,443.86 from ¥931,347,941.57, a decline of 24.2%[20] - The total non-current assets increased to ¥654,067,683.53 from ¥641,330,527.99, an increase of 2.9%[21] - The total liabilities decreased to ¥230,263,458.62 from ¥435,913,261.00, a significant reduction of 47.3%[22] - The equity attributable to shareholders of the parent company was ¥1,093,354,055.24, slightly down from ¥1,098,781,129.14, a decrease of 0.5%[22] Cash Flow - The cash flow from operating activities was -¥318,058,332.46, indicating a negative cash flow situation[7] - Cash flow from operating activities for the first nine months of 2021 was CNY -318,058,332.46, worsening from CNY -179,196,750.67 in the same period of 2020[29] - Cash inflow from investment activities for the first nine months of 2021 was CNY 310,848,793.98, down from CNY 405,282,043.68 in the same period of 2020[29] - Cash outflow from investment activities for the first nine months of 2021 was CNY 521,340,808.61, compared to CNY 717,470,423.60 in the same period of 2020[29] - The ending cash and cash equivalents balance for Q3 2021 was CNY 316,969,889.44, slightly up from CNY 306,795,963.39 in Q3 2020[30] - The company reported a net cash decrease of CNY 528,550,347.09 in Q3 2021, compared to CNY -519,224,578.59 in Q3 2020[30] Inventory and Receivables - The company reported a significant increase in accounts receivable by 29.08% due to an increase in advertising receivables[10] - Accounts receivable increased to ¥26,379,822.58 from ¥20,437,100.65, an increase of 29.1%[20] - The company reported a 532.49% increase in inventory, primarily due to an increase in film business inventory[10] - Inventory rose significantly to ¥72,077,629.20 from ¥11,395,862.98, an increase of 532.5%[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 31,502[13] - The largest shareholder, CCTV Wuxi Taihu Film and Television City, holds 216,182,194 shares, accounting for 54.37% of total shares[13] - The company has a total of 10 major shareholders, with the top 10 holding a significant portion of shares[14] Related Party Transactions - The company engaged in related party transactions with CCTV and its subsidiaries, with total transaction amounts reaching RMB 512,145,390.04[16] - The company paid a total of RMB 5,958,737.40 in land lease fees to CCTV Wuxi Taihu Film and Television City during the reporting period[17] - The company reported sales to related parties for rental and technical services amounting to RMB 30,652,433.60[15] - The company reported revenue from advertising business with CCTV totaling RMB 254,400,496.12[16] Strategic Initiatives - The company approved the establishment of a partnership by its wholly-owned subsidiary, indicating a strategic move towards investment expansion[19] - The company plans to expand the business scope of its subsidiaries, as approved in the board meeting held on August 27, 2021[18] - The company participated in the "2021 Shanghai Listed Companies Collective Reception Day" to enhance investor communication[18] Investment Income - Investment income increased by 202.32% year-to-date, attributed to higher equity method investment returns compared to the previous year[10] - The company achieved investment income of CNY 9,550,246.08 in Q3 2021, significantly higher than CNY 3,158,987.14 in Q3 2020[25]