AXNMC(SH:600255)2020-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 2,387,874,449.10, a decrease of 14.01% compared to the same period last year[6]. - Net profit attributable to shareholders was CNY 73,209,192.96, a significant recovery from a loss of CNY 58,395,550.01 in the previous year[6]. - The weighted average return on net assets increased by 9.5 percentage points to 6.82%[6]. - Basic and diluted earnings per share improved to CNY 0.04 from a loss of CNY 0.03 in the previous year[6]. - Total operating revenue for Q3 2020 was approximately ¥750.60 million, a decrease of 21.6% compared to ¥957.41 million in Q3 2019[27]. - Net profit for Q3 2020 was approximately ¥16.62 million, compared to a net loss of ¥46.75 million in Q3 2019[29]. - The company reported a total profit of approximately ¥20.13 million in Q3 2020, compared to a total loss of ¥42.78 million in Q3 2019[29]. - The total comprehensive income for Q3 2020 was approximately ¥10.56 million, compared to a loss of ¥33.00 million in Q3 2019[30]. - The company reported a net loss of ¥1,876,586,468.42, compared to a loss of ¥1,949,795,661.38 in the previous period, indicating an improvement[22]. Assets and Liabilities - Total assets decreased by 3.91% to CNY 2,799,189,502.17 compared to the end of the previous year[6]. - The company’s total liabilities decreased significantly, with other payables dropping by 59.43% to ¥46,089,661.24 from ¥113,597,635.78, due to the completion of capital increase by its subsidiary[13]. - Current liabilities decreased from ¥1,720,417,094.25 to ¥1,330,550,771.46, a reduction of about 22.7%[22]. - Non-current liabilities decreased from ¥1,730,644,881.19 to ¥1,367,960,015.80, a decrease of approximately 20.9%[22]. - The company’s total current assets decreased to ¥1,502,250,477.99 from ¥1,597,004,598.76, reflecting a decline in cash and cash equivalents[20]. - The company’s total liabilities decreased from ¥2,913,215,044.69 to ¥2,799,189,502.17, a decline of approximately 3.9%[22]. - Total current assets amounted to $177,560,503.50 as of Q3 2020[45]. - Total liabilities stood at $607,850,306.98, showing a manageable debt level[46]. Cash Flow - Net cash flow from operating activities was negative at CNY -208,311,941.21, a decline of 226.56% compared to the previous year[6]. - The net cash flow from operating activities in Q3 2020 was -CNY 51,176,064.92, compared to a positive cash flow of CNY 3,798,616.82 in Q3 2019, indicating a negative shift in operational performance[39]. - Total cash inflow from financing activities in the first three quarters of 2020 was ¥1,215,405,210.72, an increase from ¥782,065,459.63 in the previous year[36]. - The cash inflow from investment activities in Q3 2020 was CNY 6,236,564.58, a decrease from CNY 19,649,386.87 in Q3 2019, representing a decline of approximately 68%[39]. - The cash received from financing activities increased by 33.83% to ¥696,338,482.06 from ¥520,306,038.48, primarily due to an increase in notes receivable[14]. Shareholder Information - The total number of shareholders reached 117,616 by the end of the reporting period[10]. - The largest shareholder, Horgos Chuanshan Cultural Media Co., Ltd., holds 10.00% of the shares, amounting to 176,959,400 shares[10]. Investment and Expenses - The company reported non-recurring gains and losses totaling CNY 1,209,688.15 for the current period[8]. - Research and development expenses increased to approximately ¥23.16 million in Q3 2020, up 38.5% from ¥16.73 million in Q3 2019[27]. - The company incurred financial expenses of ¥9,215,758.72 in Q3 2020, significantly higher than ¥1,840.90 in Q3 2019[32]. - The company’s management expenses decreased by 33.26% to ¥62,632,696.82 for the first nine months of 2020 compared to ¥93,846,873.10 in the same period of 2019, attributed to a reduction in the number of employees[14]. Future Outlook - The company plans to increase its shareholding by acquiring between 50 million and 88.48 million shares, reflecting confidence in its future development[15][16]. - The company’s management indicated a focus on market expansion and new product development in the upcoming quarters[31]. - The company plans to continue exploring new strategies for market expansion and product development, although specific details were not disclosed in the report[34].