CIH(SH:600715)2019-10-29 16:00Financial Performance - Net profit attributable to shareholders rose by 77.86% to CNY 44,776,669.70 year-on-year[6] - Operating revenue decreased by 1.51% to CNY 1,456,735,268.60 for the first nine months of the year[6] - Basic and diluted earnings per share increased by 120.00% to CNY 0.022[7] - The net profit for the first three quarters of 2019 was ¥72,559,242.78, an increase from ¥50,923,079.04 in the same period of 2018[34] - The net profit for Q3 2019 reached ¥71,311,373.14, a turnaround from a net loss of ¥25,469,124.26 in Q3 2018[41] - The total profit for the first three quarters of 2019 was ¥21,636,163.74, compared to a loss of ¥51,343,083.68 in the same period of 2018[41] - The company reported a significant increase in other payables, rising to RMB 1.21 billion from RMB 420.97 million year-over-year[29] - The company’s total comprehensive income for Q3 2019 was a loss of approximately $5.05 million, compared to a profit of $18.04 million in the same quarter last year, indicating a decline in overall financial health[39] Assets and Liabilities - Total assets increased by 11.97% to CNY 10,790,411,659.13 compared to the end of the previous year[6] - Total assets reached RMB 10.79 billion, up from RMB 9.64 billion at the end of 2018[29] - Total liabilities as of September 30, 2019, were ¥3,074,344,171.61, compared to ¥1,807,686,201.94 at the end of 2018[33] - Total liabilities reached ¥3,241,170,137.26, with current liabilities at ¥1,441,832,604.48 and non-current liabilities at ¥1,799,337,532.78[50] - The company reported a negative retained earnings of ¥415,870,290.32, indicating accumulated losses[50] Cash Flow - Cash flow from operating activities improved significantly, with a net cash flow of CNY -400,091,766.03, compared to CNY -696,139,375.23 in the previous year[6] - The net cash flow from operating activities was negative RMB 400.09 million, an improvement from negative RMB 696.14 million in the previous year[17] - Cash inflows from operating activities for the first three quarters of 2019 amounted to ¥1,674,619,496.74, slightly up from ¥1,643,548,931.84 in the previous year[43] - The net cash flow from operating activities for the first nine months of 2019 was -157,550,964.72 RMB, an improvement from -337,516,707.40 RMB in the same period of 2018[46] - The total cash and cash equivalents at the end of Q3 2019 stood at 680,834,536.44 RMB, down from 1,178,392,245.57 RMB at the end of Q3 2018, representing a decline of 42.4%[44] Investments and Acquisitions - The company agreed to acquire 60 million shares of Wanda Film at a price of RMB 51.96 per share through a partnership with its major shareholder[18] - The company plans to invest up to RMB 1.2 billion in a trust plan to acquire Wanda Film shares, with the decision approved by the board and shareholders[19] - The company successfully acquired land use rights for two plots in Nanjing for RMB 842 million, with RMB 421 million paid as of the reporting period[20] - The company participated in a trust plan with a maximum investment of RMB 300 million, with a commitment to cover any shortfall up to RMB 1.1 billion[20] Shareholder Information - The total number of shareholders reached 30,293 by the end of the reporting period[10] - The largest shareholder, Beijing Wenzi Holdings, holds 20.35% of the shares, with 130,000,000 shares pledged[10] Revenue Sources - The company produced 9 films during the reporting period, generating a total box office of RMB 6.09 billion, representing 12.7% of the national box office[13] - The company operates 114 cinemas with 830 screens, achieving a box office of RMB 689 million and 19.39 million viewers, which is 1.55% of the national box office[13] - The company's online game revenue was RMB 263.82 million, a decrease from RMB 378.66 million in the same period last year, with marketing expenses rising to RMB 11.73 million from RMB 2.82 million[14] Financial Management - The company is focusing on enhancing its financial management strategies to mitigate rising costs and improve profitability moving forward[40] - Financial expenses increased by 97.76% to RMB 90.52 million due to higher interest expenses from bank loans[17] - The company incurred financial expenses of ¥66,462,570.58 in the first three quarters of 2019, compared to ¥33,209,663.71 in the same period of 2018, reflecting increased borrowing costs[40]