SFC(SH:601595)2019-11-04 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 122,170,333.90, an increase of 21.05% year-on-year[11]. - Operating income for the period was CNY 806,245,949.91, down 2.16% from the same period last year[11]. - Basic earnings per share increased by 22.22% to CNY 0.33[11]. - The weighted average return on equity rose by 0.42 percentage points to 5.21%[11]. - The net profit after deducting non-recurring gains and losses was CNY 98,786,861.36, reflecting a year-on-year increase of 13.10%[11]. - Net profit for Q3 2019 reached ¥51.1 million, an increase of 21.5% from ¥42.0 million in Q3 2018[53]. - The total profit for Q3 2019 was approximately ¥57.4 million, up 23.9% from ¥46.6 million in Q3 2018[53]. - The company's net profit for the first three quarters of 2019 was ¥162,643,247.09, compared to ¥175,738,433.11 in the same period of 2018, indicating a decrease of about 7.5%[61]. Cash Flow - Net cash flow from operating activities was negative at CNY -18,396,653.62, a decrease of 123.50% compared to the previous year[11]. - The total cash flow from operating activities for the first three quarters of 2019 was negative at -¥18,396,653.62, contrasting with a positive cash flow of ¥78,297,786.52 in the same period of 2018[68]. - Cash inflow from sales of goods and services reached CNY 376,751,315.93, a substantial increase from CNY 73,160,002.41 in the previous year[74]. - The cash flow from financing activities included CNY 85,927,468.27 in dividend payments, down from CNY 97,628,262.30 in the previous year[74]. - The net increase in cash and cash equivalents for the period was CNY 24,618,253.18, compared to a decrease of CNY -1,405,771.43 in the same period of 2018[76]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,119,952,217.15, a decrease of 1.40% compared to the end of the previous year[11]. - The company reported a net asset attributable to shareholders of CNY 2,356,529,950.88, an increase of 1.56% compared to the previous year[11]. - The company's total liabilities decreased from ¥789.51 million to ¥712.22 million, a reduction of approximately 9.8%[38]. - Total liabilities decreased from 789,508,281.02 to 712,220,194.27, a reduction of approximately 9.8%[38]. - The company's cash and cash equivalents decreased from ¥1,456.29 million at the end of 2018 to ¥1,311.26 million as of September 30, 2019[32]. - The company's accounts receivable increased from ¥198.26 million to ¥220.82 million, reflecting a growth of 11.43%[32]. - The company's short-term borrowings increased significantly from ¥20.00 million to ¥48.96 million, indicating a rise in financing needs[33]. - The company's total liabilities were approximately $789.51 million, with non-current liabilities accounting for about $100.19 million[82]. Market Performance - As of September 30, 2019, the total box office for the Chinese film market was 47.864 billion RMB, a decrease of 2.21% year-on-year[20]. - The company's direct-operated cinemas, "SFC Shanghai Film City," totaled 60, with a box office revenue of 187 million RMB during the reporting period, capturing a market share of 1.21%[21]. - The company participated in the distribution of 2 films during the reporting period, achieving a total box office of 333 million RMB, accounting for 2.0% of the national total[21]. - The company’s subsidiary, Lianhe Film Line, had 653 franchise cinemas, generating a box office revenue of 1.216 billion RMB during the reporting period, with a market share of 7.88%[21]. - The company’s market share for Lianhe Film Line in the first three quarters of 2019 was 8.11%, with a cumulative box office of 3.593 billion RMB[21]. Expenses - The company's sales expenses decreased by 41.06% to ¥1,026.23 million, primarily due to the exclusion of Tianxia Ticket Warehouse (Shanghai) Network Technology Co., Ltd. from the consolidation scope after selling 51% of its equity in 2018[25]. - The company reported a decrease in sales expenses to ¥3.2 million in Q3 2019 from ¥7.5 million in Q3 2018, a reduction of 56.5%[50]. - Management expenses decreased to ¥20.5 million in Q3 2019 from ¥21.5 million in Q3 2018, a decline of 4.6%[50]. - The company's financial expenses in Q3 2019 were -¥6,650,702.03, compared to -¥2,463,376.32 in Q3 2018, indicating a significant increase in financial costs[61]. Investment Activities - Investment income increased by 100.98% to ¥4,176.13 million, mainly due to an increase in dividends received from associated companies during the reporting period[25]. - The company's investment income for the first three quarters of 2019 was ¥149,457,557.10, down from ¥178,096,899.09 in the same period of 2018, a decrease of about 16.1%[61]. - The company's investment in film projects during the reporting period led to a balance of trading financial assets of 25.431 million RMB[22]. - Total cash inflow from investment activities was CNY 201,156,066.53, down from CNY 532,567,735.71 in the previous year[74].