CIH(SH:600715)2019-11-08 16:00Financial Performance - Net profit attributable to shareholders rose by 77.86% to CNY 44,776,669.70 year-to-date[6] - Operating revenue decreased by 1.51% to CNY 1,456,735,268.60 for the year-to-date period[6] - Basic and diluted earnings per share increased by 120.00% to CNY 0.022[7] - Net profit for the first three quarters of 2019 was CNY 72,559,242.78, an increase from CNY 50,923,079.04 in the same period of 2018[34] - The net profit for Q3 2019 was a loss of approximately $5.05 million, while the year-to-date net profit showed a gain of approximately $34.23 million, highlighting fluctuations in profitability[37] - The total profit for Q3 2019 was a loss of approximately $50.68 million, with a year-to-date total profit of approximately $55.16 million, indicating challenges in the current quarter[36] - The company achieved a comprehensive income total of ¥71,311,373.14 in Q3 2019, compared to a loss of ¥25,469,124.26 in Q3 2018[42] 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 liabilities increased to CNY 3,074,344,171.61 as of September 30, 2019, compared to CNY 1,807,686,201.94 at the end of 2018[33] - The company's total assets included long-term borrowings of RMB 612.89 million, up 121.34% from the previous year, due to investments in film projects and acquisitions[16] - Total assets amounted to ¥9,636,940,119.45, with current assets at ¥3,115,257,049.31 and non-current assets at ¥6,521,683,070.14[49] - 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] Cash Flow - Net cash flow from operating activities improved significantly, with a reduction in outflow to CNY -400,091,766.03 from CNY -696,139,375.23 year-on-year[6] - The net cash flow from financing activities for Q3 2019 was 1,137,093,193.75 RMB, a substantial increase compared to 40,253,188.21 RMB in Q3 2018, marking a growth of 2,826.5%[44] - For the first nine months of 2019, the net cash flow from operating activities was -157,550,964.72 RMB, an improvement from -337,516,707.40 RMB in the same period of 2018, showing a 53.3% reduction in cash outflow[46] - The total cash outflow from operating activities for the first nine months of 2019 was 1,443,400,336.88 RMB, compared to 792,092,912.27 RMB in the same period of 2018, indicating an increase of 82.4%[46] Shareholder Information - The total number of shareholders reached 33,543 by the end of the reporting period[10] - The largest shareholder, Beijing Wenzi Holdings, holds 20.35% of shares, with 130,000,000 shares pledged[10] 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 or trust fund[18] - The company plans to invest up to RMB 1.2 billion in a trust plan to acquire shares of Wanda Film, with the decision approved by the board and shareholders[19] - The company completed the acquisition of 75% of the shares of Guidedraw Limited for approximately RMB 887 million[22] Financial Expenses - Financial expenses increased by 97.76% to RMB 90.52 million, attributed 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] Other Financial Metrics - The weighted average return on equity increased by 0.30 percentage points to 0.65%[7] - The company reported a significant increase in other income, totaling approximately $2.99 million in Q3 2019, contributing to overall financial performance[36] - The company experienced a credit impairment loss of approximately $19.03 million year-to-date, indicating potential risks in asset quality[36]