CTV Media(SH:600088)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥189,156,232.21, representing a year-on-year increase of 2.98%[3]. - The net profit attributable to shareholders for Q3 2022 was -¥31,758,353.44, with a year-to-date net profit of -¥69,324,492.54[3]. - Total revenue for the first three quarters of 2022 was ¥500,358,035.01, a decrease of approximately 18.2% compared to ¥612,102,529.74 in the same period of 2021[22]. - Net profit for the third quarter of 2022 was a loss of ¥75,490,594.26, compared to a loss of ¥14,961,245.35 in the same quarter of 2021, indicating a significant increase in losses[23]. - The total comprehensive income attributable to the parent company for Q3 2022 was -69,324,492.54 CNY, compared to -5,427,073.90 CNY in Q3 2021, indicating a significant decline[24]. - The basic and diluted earnings per share for Q3 2022 were both -¥0.080, with a year-to-date figure of -¥0.174[3]. - The company reported a basic and diluted earnings per share of -0.174 CNY for Q3 2022, compared to -0.034 CNY in Q3 2021[24]. Assets and Liabilities - Total assets decreased by 11.50% from the previous year, amounting to ¥1,455,384,471.39 at the end of the reporting period[4]. - The company's total assets decreased to ¥1,455,384,471.39 in Q3 2022 from ¥1,644,543,267.72 in Q3 2021, a decline of approximately 11.5%[20]. - The equity attributable to shareholders decreased by 6.50% to ¥997,040,054.28 compared to the previous year[4]. - Current liabilities totaled ¥303,647,062.30 in Q3 2022, down from ¥412,320,330.03 in Q3 2021, representing a decrease of about 26.4%[19]. - The total liabilities decreased to ¥418,191,454.37 in Q3 2022 from ¥531,859,656.44 in Q3 2021, a decline of approximately 21.4%[19]. - The company's retained earnings decreased to ¥186,295,693.65 in Q3 2022 from ¥255,620,186.19 in Q3 2021, reflecting a decline of about 27.1%[20]. Cash Flow - Cash flow from operating activities for the year-to-date was -¥361,544,674.66, indicating significant cash outflow[3]. - The net cash flow from operating activities for the first three quarters of 2022 was -361,544,674.66 CNY, worsening from -318,058,332.46 CNY in the same period of 2021[26]. - Cash inflow from operating activities totaled 496,602,118.12 CNY in the first three quarters of 2022, slightly up from 487,496,371.14 CNY in 2021[25]. - Cash outflow from operating activities reached 858,146,792.78 CNY in the first three quarters of 2022, compared to 805,554,703.60 CNY in 2021[26]. - The company reported a cash outflow of 10,485,679.00 CNY from financing activities in the first three quarters of 2022, with no comparable data for the previous year[26]. - The company received 6,577,154.41 CNY in tax refunds during the first three quarters of 2022, with no data available for the previous year[25]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 26,251[9]. - The largest shareholder, Central Television Wuxi Taihu Film and Television City, holds 54.37% of the shares[9]. - The top shareholder is Central Television Wuxi Taihu Film and Television City, holding 216,182,194 shares, which constitutes a significant portion of the company's equity[10]. - The company reported a total of 10 major shareholders, with the largest shareholder being a state-owned entity[10]. - The company has not disclosed any related party transactions among its top shareholders, indicating a lack of known affiliations[10]. Operational Developments - The company approved a financial assistance plan to provide up to RMB 80 million to its subsidiary Beijing Zhongshi Beifang Film and Television Production Co., Ltd.[12]. - The company disclosed ongoing litigation and arbitration matters, indicating potential impacts on its financial position[12]. - The company held its eighth board meeting and completed the election of the ninth board, with Tang Shiding appointed as chairman[13]. - The company revised the business scope and articles of association for its subsidiary Shanghai Zhongshi International Advertising Co., Ltd.[12]. - The company engaged in investor relations activities, including a collective reception day for listed companies in Shanghai to address investor concerns[14]. - The company has committed to timely information disclosure regarding its operational developments and regulatory changes[11]. Inventory and Costs - The company reported a significant increase in inventory by 389.63% due to the rise in film business inventory[6]. - Total operating costs for the first three quarters of 2022 were ¥610,294,429.71, down from ¥646,880,914.92 in 2021, reflecting a reduction of about 5.7%[22]. - The company reported a financial expense of ¥694,543.62 in Q3 2022, compared to a financial income of ¥3,241,631.61 in the same quarter of 2021, indicating a significant shift in financial performance[23].