横店影视(603103) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥351,464,032.32, an increase of 11.07% compared to the same period last year[8]. - The net profit attributable to shareholders was -¥136,214,384.59, showing an improvement of 12.19% year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥150,182,990.98, a decrease of 83.27% compared to the previous year[8]. - The basic earnings per share for the year-to-date was ¥0.10, a significant improvement from -¥0.58 in the same period last year[8]. - The weighted average return on equity was -8.44%, a decrease of 0.98 percentage points compared to the previous year[8]. - Net profit for the third quarter of 2021 was CNY 64,943,767.25, a recovery from a net loss of CNY 454,744,559.07 in the same quarter of 2020[46]. - The total comprehensive income attributable to the parent company was CNY 64,943,767.25, compared to a loss of CNY 453,559,419.19 in the previous year[48]. - Basic and diluted earnings per share were both CNY 0.10, recovering from a loss of CNY 0.72 per share in the same period last year[48]. - The company reported a net profit from the merged entity of CNY 0.00, compared to a loss of CNY -86,704,101.00 in the previous year[48]. Assets and Liabilities - The total assets at the end of the reporting period reached ¥5,736,493,551.70, reflecting a growth of 62.23% from the end of the previous year[10]. - The total assets of the company amounted to CNY 5,736,493,551.70, up from CNY 3,536,041,493.17 year-on-year, reflecting a growth of approximately 62%[39]. - Total liabilities increased to CNY 4,193,493,541.43 from CNY 1,661,195,769.66, marking an increase of about 152%[39]. - The company’s total equity attributable to shareholders decreased from CNY 1,874,845,723.51 to CNY 1,543,000,010.27, a decline of approximately 18%[39]. - Current liabilities reached 1,445,171,964.84, showing a decrease of 44,568,382.01 compared to the previous period[59]. - Total liabilities were reported at 1,661,195,769.66, up from 2,932,841,748.81[59]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥524,887,250.22, a substantial increase compared to the previous year[8]. - Net cash flow from operating activities was CNY 524,887,250.22, a significant improvement from a negative cash flow of CNY -7,443,457.49 in the previous year[52]. - Cash inflow from sales of goods and services was CNY 1,842,151,880.01, significantly higher than CNY 688,580,436.96 in the previous year[52]. - Total cash outflow from operating activities was CNY 1,394,158,253.90, compared to CNY 903,985,470.44 in the previous year[52]. - Cash inflow from investment activities totaled CNY 1,196,995,284.36, down from CNY 3,559,716,244.67 in the same period last year[52]. - Net cash flow from investment activities was CNY -120,474,826.63, compared to a positive cash flow of CNY 536,256,761.16 in the previous year[52]. - Cash outflow from financing activities was CNY 433,237,047.22, compared to CNY 357,099,272.98 in the previous year[54]. - The ending balance of cash and cash equivalents was CNY 548,224,093.84, down from CNY 912,621,635.57 in the previous year[54]. Market Performance - As of September 30, 2021, the company operated 390 direct-operated cinemas with 2,461 screens, generating a total box office revenue of RMB 116,831.51 million, representing a market share of 3.69% and 34.12 million viewers[23]. - In the third quarter of 2021, the company opened 8 new direct-operated cinemas and added 48 screens, achieving box office revenue of RMB 243.44 million with a market share of 3.66% and 7.52 million viewers[22]. - The total box office revenue for the Chinese film market in the first three quarters of 2021 reached RMB 34.873 billion, a year-on-year increase of 361.10% but a decrease of 27.14% compared to the same period in 2019[22]. - Domestic films accounted for RMB 28.139 billion of the total box office, marking a year-on-year increase of 372.05% and a 0.96% decrease compared to 2019, with a market share of 80.69%[22]. - The total number of moviegoers in the first three quarters of 2021 was 879 million, an increase of 285.53% year-on-year but a decrease of 31.38% compared to 2019[22]. Operational Changes - The company attributed the changes in financial performance primarily to the reduced impact of the pandemic on operations compared to the previous year[18]. - The company’s subsidiary participated in the production of several successful films, contributing to both box office and critical acclaim[23]. - The company has implemented new leasing standards effective January 1, 2021, impacting the recognition of right-of-use assets and lease liabilities[61]. - The company has recognized lease liabilities amounting to 2,975,048,847.34 under the new leasing standards[59].