CFC(SH:600977)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥711,803,239.24, a decrease of 12.60% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥19,591,211.04, an increase of 55.09% year-on-year, indicating a recovery trend despite overall losses[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥25,864,996.01, a decrease of 65.37% compared to the previous year[3]. - Total operating revenue for the first three quarters of 2022 was CNY 2,231,935,328.76, a decrease of 41.7% compared to CNY 3,826,807,865.29 in the same period of 2021[19]. - The company's net profit for the first three quarters of 2022 was not explicitly stated, but the significant drop in revenue and costs indicates a challenging financial environment[19]. - The net profit for Q3 2022 was -61,877,116.57 RMB, a significant decrease compared to the net profit of 237,971,355.91 RMB in the same period last year[20]. - The total profit for Q3 2022 was 32,602,642.56 RMB, down from 357,988,530.83 RMB in Q3 2021[20]. - Operating income for Q3 2022 was 30,187,766.79 RMB, compared to 361,075,624.53 RMB in the previous year[20]. - The total comprehensive income for Q3 2022 was -62,238,879.69 RMB, compared to 237,812,485.47 RMB in the same period last year[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥18,536,938,603.16, down 3.69% from the end of the previous year[3]. - Non-current assets totaled CNY 6,109,030,177.92, a decrease of 12.4% from CNY 6,977,233,536.78 in the previous year[17]. - Total liabilities amounted to CNY 6,975,438,040.17, down from CNY 7,504,555,796.95, indicating a reduction of 7%[17]. - The company's cash and cash equivalents decreased to RMB 6.724 billion from RMB 6.836 billion at the end of 2021[15]. - The company's cash and cash equivalents at the end of Q3 2022 were 6,695,103,655.03 RMB, down from 6,722,386,754.07 RMB at the end of Q3 2021[25]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥685,310,292.87, a decrease of 38.41% year-on-year[3]. - Cash flow from operating activities for the first three quarters of 2022 was 4,095,915,067.16 RMB, down from 5,411,132,092.05 RMB in the same period of 2021[23]. - Cash flow from investing activities for Q3 2022 resulted in a net outflow of -601,819,913.46 RMB, compared to -595,525,882.61 RMB in Q3 2021[24]. - Cash flow from financing activities showed a net outflow of -192,073,960.62 RMB in Q3 2022, compared to -175,402,929.94 RMB in the same quarter of the previous year[25]. Market and Industry Performance - The total box office revenue in China for the first three quarters of 2022 was ¥25.68 billion, a year-on-year decrease of 26.36%[9]. - The domestic film box office accounted for 87.14% of the total box office, indicating strong local content performance[9]. - In the first three quarters of 2022, the company produced and released 13 films, achieving a total box office of RMB 12.712 billion, accounting for 56.81% of the total box office for domestic films in the same period[10]. - The company participated in the distribution of 335 domestic films, generating a total box office of RMB 16.450 billion, which represents 79.97% of the total domestic film box office; it also distributed 45 imported films with a box office of RMB 1.698 billion, accounting for 59.60% of the total box office for imported films[10]. - The number of cinema screens in China reached 75,888 by the end of the reporting period, reflecting the industry's capacity[9]. Operational Metrics - The basic earnings per share for the reporting period was -¥0.011, a 52.17% increase compared to the previous quarter[3]. - The basic earnings per share for Q3 2022 was 0.0003 RMB, a decrease from 0.140 RMB in Q3 2021[21]. - The company sold 559 new projection machines in the first three quarters of 2022, capturing 51.46% of the new screen market share during the same period[10]. - The company’s cloud ticketing platform registered 14.0153 million users and connected to 10,643 cinemas, exceeding 85% of the total box office cinemas in the country[10]. - The company’s financing leasing business has signed contracts with 131 clients, with a balance of RMB 24.4 million in ongoing contracts[10]. Cost Management and Future Plans - The company is focusing on cost control and efficiency improvements in response to the challenging market conditions[19]. - The company aims to expand its market presence and enhance its technological capabilities through new product development and strategic partnerships[10]. - The company has plans for market expansion and new product development, although specific details were not provided in the report[19]. - Research and development expenses for the first three quarters of 2022 were CNY 22,689,057.91, down from CNY 29,585,733.00 in the same period of 2021, a reduction of 23.4%[19].