GZCBN(SH:600996)2021-07-04 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY -42,006,028.24, a decrease of 124.59% year-on-year[17] - Operating revenue for the period was CNY 2,292,328,588.62, reflecting a growth of 4.91% compared to the same period last year[17] - Basic earnings per share were CNY -0.04, a decline of 125.00% compared to the previous year[17] - The company reported a total profit loss of ¥7,879,745.50 for Q3 2020, compared to a profit of ¥19,903,816.77 in Q3 2019[40] - The net profit for Q3 2020 was a loss of CNY 9,918,338.73, compared to a profit of CNY 18,064,610.23 in Q3 2019, representing a significant decline[44] - The total comprehensive income for Q3 2020 was -9,918,338.73 CNY, compared to 18,064,610.23 CNY in Q3 2019, indicating a negative shift in overall performance[45] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 15,670,704,242.30, an increase of 3.87% compared to the end of the previous year[17] - Total liabilities increased to ¥8,773,772,774.59 from ¥8,200,854,492.18, reflecting the company's increased borrowing and financial obligations[29] - The company's total liabilities reached CNY 11,000,440,804.89, compared to CNY 10,244,103,965.99, representing an increase of about 7.4%[34] - Total assets increased to CNY 15,588,813,953.75 as of September 30, 2020, compared to CNY 14,978,610,505.40 at the end of 2019, reflecting a growth of approximately 4.1%[34] - The total amount of contract liabilities was CNY 871,585,602.10, indicating a significant level of pre-revenue commitments[59] Cash Flow - Net cash flow from operating activities increased significantly to CNY 210,012,360.12, up 301.35% year-on-year[17] - The company's cash flow from operating activities for the first three quarters of 2020 was CNY 1,444,815,127.27, an increase from CNY 1,355,325,508.49 in the same period of 2019[45] - Cash inflow from financing activities totaled ¥1,715,360,233.00, down from ¥3,626,319,900.00, reflecting a decrease in external financing[49] - The ending cash and cash equivalents balance decreased to ¥818,990,752.03 from ¥1,331,880,200.45, indicating liquidity challenges[49] - Cash outflow for purchasing goods and services decreased to ¥396,044,851.82 from ¥419,910,508.53, indicating better cost management[48] Shareholder Information - The total number of shareholders at the end of the reporting period was 43,832[21] - The largest shareholder, Guizhou Broadcasting Film and Television Investment Co., Ltd., held 42.15% of the shares[21] - The equity attributable to shareholders decreased to CNY 4,588,373,148.86 from CNY 4,734,506,539.41, a decline of approximately 3.1%[34] Operational Costs and Expenses - Operating costs increased by 25.50% to ¥1,878,369,964.07 from ¥1,496,676,949.74, primarily due to higher costs associated with contracted engineering and depreciation expenses[23] - Research and development expenses for Q3 2020 were ¥4,995,170.42, significantly reduced from ¥43,431,688.05 in Q3 2019[36] - Sales expenses increased to ¥25,870,816.31 in Q3 2020, compared to ¥12,332,355.82 in Q3 2019, representing a 109.5% increase[36] - The company's financial expenses for Q3 2020 were ¥55,664,578.26, an increase from ¥44,003,942.29 in Q3 2019[36] Future Outlook - The company aims to enhance its market expansion strategies and invest in new technologies to improve future performance[42] - The company has not disclosed any new product developments or market expansion strategies in the report[21]