CFC(SH:600977)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders was approximately -CNY 559.37 million, a decline of 163.99% year-on-year[5] - Operating revenue for the first nine months was approximately CNY 1.05 billion, down 84.33% compared to the same period last year[5] - The net cash flow from operating activities was approximately -CNY 972.03 million, a decrease of 174.45% year-on-year[5] - Basic earnings per share were -CNY 0.300, a decline of 164.10% compared to the previous year[5] - The company reported a significant year-on-year decline in total box office revenue, with Q3 2020 showing a 82.71% decrease compared to the same period last year[12] - Total operating revenue for Q3 2020 was ¥593.24 million, a decrease of 68.4% compared to ¥1.89 billion in Q3 2019[35] - The net profit for Q3 2020 was a loss of ¥97.98 million, compared to a profit of ¥227.66 million in Q3 2019[36] - The total comprehensive loss of ¥97.99 million for Q3 2020, compared to a comprehensive income of ¥227.67 million in Q3 2019[37] Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 15.78 billion, a decrease of 8.56% compared to the end of the previous year[5] - The total inventory increased to CNY 2,014,619,497.12, up 45.38% from CNY 1,385,763,297.47 as of December 31, 2019[21] - The company's financial assets increased significantly to CNY 693,300,000.00, a rise of 298.63% from CNY 173,920,000.00[21] - The company reported a significant decrease in accounts receivable, which fell by 71.76% to CNY 5,872,916.60 from CNY 20,796,862.44[21] - The company’s total liabilities included contract liabilities of CNY 863,039,510.09, reflecting a 100% increase due to the implementation of new revenue standards[21] - Total liabilities decreased from CNY 4.32 billion to CNY 4.27 billion, a decline of about 1.2%[29] - The company’s goodwill decreased by 38.41% to CNY 279,236,078.84, primarily due to impairment losses related to a subsidiary[21] - The total liabilities of the company were RMB 4,320,181,930.00, reflecting the company's financial obligations[51] Shareholder Information - The total number of shareholders at the end of the reporting period was 105,901[8] - The largest shareholder, China Film Group Corporation, held 67.36% of the shares[8] - Shareholders' equity decreased from CNY 12.94 billion to CNY 11.51 billion, a decline of approximately 11.1%[29] - Shareholders' equity totaled approximately ¥10.72 billion, with paid-in capital at ¥1.87 billion and retained earnings at ¥3.62 billion[54] Operational Activities - The company opened 2 new cinemas in Zhuhai and Anshan, adding 17 screens, while closing 3 cinemas, resulting in a total of 140 operating cinemas and 1,041 screens by the end of the reporting period[19] - The company's cinema chains achieved a total box office of CNY 1.445 billion in the reporting period, with 42 million viewers[19] - The company participated in the release of 78 domestic films in the reporting period, generating a total box office of CNY 977 million, which represented 24.10% of the total domestic box office[18] - The total box office for the company's films reached CNY 4.016 billion, with three films released in September contributing CNY 345 million, accounting for 5.71% of the total domestic box office for the same period[13] Research and Development - The company’s research and development expenses decreased by 52.30% to CNY 21,168,867.35 from CNY 44,379,487.86 in the previous year[22] - The company has not disclosed any new product or technology developments in the report[10] - The company is developing multiple film projects, including "Space Walk 2049" and "The Red Starting Point," among others[15] Cash Flow and Investments - The cash flow from operating activities in the first three quarters of 2020 was negative at approximately -¥972.03 million, compared to positive cash flow of ¥1.31 billion in the same period of 2019[43] - The total cash inflow from investment activities was 1,362,968,056.80 RMB, while cash outflow was 2,021,225,122.82 RMB, resulting in a net cash flow of -658,257,066.02 RMB[46] - The company invested 1,980,560,000.00 RMB in cash during the investment activities, down from 3,691,495,000.00 RMB in the previous year[46]