SFC(SH:601595)2020-10-30 16:00Financial Performance - Net profit attributable to shareholders was CNY -265,994,404.65, a decrease of 317.72% year-on-year[18] - Operating revenue fell by 83.44% to CNY 133,498,458.97 for the first nine months of the year[18] - Basic earnings per share were CNY -0.59, down 278.79% from CNY 0.33 in the previous year[18] - The net profit for the company in Q3 2020 was a loss of RMB 2.91 billion, reflecting a decline of 348.62% year-on-year[32] - The net profit for the third quarter of 2020 was -31,814,850.70 CNY, compared to a profit of 51,117,600.00 CNY in the same period of 2019, representing a significant decline[60] - The total revenue for the third quarter of 2020 was 1,559,151.70 CNY, down from 37,160,147.43 CNY in the third quarter of 2019, indicating a decrease of approximately 95.8%[64] - The operating profit for the third quarter of 2020 was -32,873,912.17 CNY, compared to an operating profit of 57,161,077.88 CNY in the same quarter of 2019[60] - The company reported a net profit margin decline due to reduced revenues and increased costs, impacting overall profitability[56] Cash Flow - Net cash flow from operating activities was CNY -294,305,759.23, a significant decline compared to CNY -18,396,653.62 in the same period last year, representing a decrease of 1,499.78%[18] - The company's cash flow from operating activities showed a net outflow of RMB 2.94 billion, a significant decrease of 1,499.78% compared to the previous year[33] - In the first three quarters of 2020, the company generated cash inflows from operating activities amounting to ¥384,298,447.26, a significant decrease of approximately 81.2% compared to ¥2,044,507,912.12 in the same period of 2019[69] - The net cash flow from operating activities for the first three quarters of 2020 was -¥294,305,759.23, compared to -¥18,396,653.62 in 2019, indicating a worsening cash flow situation[69] - The total cash outflow from operating activities was ¥678,604,206.49, down from ¥2,062,904,565.74 in the previous year, reflecting a significant reduction in operational expenditures[69] Assets and Liabilities - Total assets decreased by 15.63% to CNY 3,033,694,489.00 compared to the end of the previous year[18] - The company's total assets decreased from ¥3,595,885,622.93 in December 2019 to ¥3,033,694,489.00 in September 2020, reflecting a decline of approximately 15.7%[43] - The total liabilities also decreased from ¥1,063,981,530.02 in December 2019 to ¥835,386,650.65 in September 2020, a reduction of about 21.4%[45] - The company's non-current assets decreased from ¥1,445,426,349.86 in December 2019 to ¥1,297,057,549.56 in September 2020, a decline of approximately 10.3%[43] - Current assets decreased from ¥1,920,378,187.67 to ¥1,679,289,489.41, a reduction of about 12.54%[49] - Total equity decreased slightly from ¥2,328,348,074.11 to ¥2,325,161,597.98, a decrease of about 0.09%[54] Shareholder Information - The total number of shareholders at the end of the reporting period was 32,734[24] - The largest shareholder, Shanghai Film (Group) Co., Ltd., held 69.22% of the shares[24] Market Performance - As of the end of Q3 2020, the total box office revenue in the Chinese film market reached RMB 8.29 billion, a year-on-year decline of 82.78%[27] - The company's direct-operated cinemas, "SFC Shanghai Film City," totaled 61 with 433 screens, generating a box office of RMB 86.81 million in the first three quarters, down 84.99% year-on-year[27] - The company's market share in the direct-operated cinema segment was 1.15% for the first three quarters of 2020, with a decline of 84.68% in audience attendance[27] Investment and Expenses - The company reported a significant increase in financial investments in films, with trading financial assets rising to RMB 26.49 million, an increase of 258.56%[30] - The company experienced a 97.09% decrease in construction in progress, dropping to RMB 791,800 due to reduced investment in new cinema construction[30] - The company incurred a total operating cost of 2,018,576.93 CNY in the third quarter of 2020, compared to 26,835,798.38 CNY in the same period of 2019[64] - The financial expenses for the third quarter of 2020 were -8,478,867.07 CNY, compared to -6,650,702.03 CNY in the third quarter of 2019[64] Operational Adjustments - The company has resumed operations in its cinemas since July 20, 2020, but faces uncertainties regarding audience turnout and new film releases[36] - The company is focusing on strategic adjustments to enhance market presence and operational efficiency moving forward[56]