Hengdian Entertainment (SH:603103)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥392.70 million, an increase of 11.73% year-on-year, but a decrease of 32.92% year-to-date compared to the previous year[7]. - The net profit attributable to shareholders for Q3 2022 was -¥38.21 million, with a year-to-date net profit of -¥106.45 million, reflecting a significant decline of 263.91% year-on-year[7]. - The basic and diluted earnings per share for Q3 2022 were both -¥0.06, with a year-to-date figure of -¥0.17, representing a decrease of 270% year-on-year[9]. - Total operating revenue for Q3 2022 was CNY 1,225,548,784.80, a decrease of 32.96% compared to CNY 1,826,969,740.84 in Q3 2021[37]. - Net profit for Q3 2022 was a loss of CNY 106,450,596.99, compared to a profit of CNY 64,943,767.25 in Q3 2021, indicating a significant decline[40]. - Basic and diluted earnings per share for Q3 2022 were both CNY -0.17, compared to CNY 0.10 in Q3 2021[42]. Assets and Liabilities - The total assets at the end of Q3 2022 were ¥4.96 billion, down 9.08% from the end of the previous year[9]. - Total current assets decreased to ¥1,450,527,850.12 from ¥1,498,453,681.98 year-over-year[28]. - Non-current assets decreased to ¥3,508,513,318.05 from ¥3,955,986,991.72 year-over-year[31]. - Total assets decreased to ¥4,959,041,168.17 from ¥5,454,440,673.70 year-over-year[31]. - Current liabilities increased to ¥1,353,621,364.16 from ¥1,012,296,434.74 year-over-year[32]. - The total liabilities as of the end of the reporting period were CNY 3,573,754,384.48, a decrease from CNY 3,962,703,293.02 at the end of the previous period[37]. - Total equity attributable to shareholders was CNY 1,385,286,783.69, down from CNY 1,491,737,380.68 in the previous period[37]. Cash Flow - The total cash flow from operating activities for the year-to-date was ¥504.26 million, reflecting a decrease of 3.93% year-on-year[9]. - Cash flow from operating activities for the first three quarters of 2022 was CNY 1,538,267,460.96, down from CNY 1,842,151,880.01 in the same period of 2021[43]. - Operating cash inflow totaled $1,724,914,038.41, a decrease from $1,919,045,504.12 in the previous period, reflecting a decline of approximately 10.1%[47]. - Net cash flow from operating activities was $504,255,086.06, slightly down from $524,887,250.22, indicating a decrease of about 3.1%[47]. - Cash inflow from investment activities was $597,432,325.97, significantly lower than $1,196,995,284.36, representing a decline of approximately 50%[47]. - The company reported a significant decrease in cash received from investment recoveries, totaling $590,000,000.00 compared to $1,184,850,000.00 previously, a drop of about 50%[47]. Investments and Shareholder Information - The company has closed 12 cinemas and 77 screens as part of its strategy to enhance overall quality and competitiveness[19]. - The company’s subsidiary has participated in the production of several films, achieving good social and economic benefits, and is incubating original TV series and online movie projects[20]. - The total number of common shareholders at the end of the reporting period is 16,805[21]. - The largest shareholder, Hengdian Group Holdings Co., Ltd., holds 509,600,000 shares, accounting for 80.35% of total shares[21]. Financial Expenses and Income - The company reported non-recurring gains of ¥44.20 million for Q3 2022, with a year-to-date total of ¥73.15 million[12]. - The company reported a financial expense of CNY 91,266,530.60 in Q3 2022, compared to CNY 101,688,237.96 in Q3 2021, a decrease of 10.96%[37]. - The company recorded an investment income of CNY 6,399,859.93 in Q3 2022, down from CNY 12,111,323.31 in Q3 2021[37]. Operational Developments - The company opened 6 new direct-operated cinemas and added 43 screens during the reporting period, achieving a box office revenue of ¥293.94 million with a market share of 3.80%[17]. - The total box office revenue for the company from January to September 2022 was ¥871.50 million, with a market share of 3.72%[17].