INLY(SH:603598)2020-10-30 16:00Financial Performance - Net profit attributable to shareholders rose by 18.18% to CNY 72.31 million for the first nine months[6] - Operating revenue for the first nine months reached CNY 3.51 billion, a 72.59% increase year-on-year[11] - The company has achieved a significant increase in operating profit, which rose by 21.73% to CNY 89.56 million[11] - Revenue for Q3 2020 reached ¥3,510,002,534.16, an increase of 72.59% compared to ¥2,033,740,928.81 in the same period last year[22] - Total operating revenue for Q3 2020 reached ¥1,540,985,644.55, a significant increase from ¥919,445,382.50 in Q3 2019, representing an increase of approximately 67.5%[36] - Net profit attributable to shareholders for the first three quarters of 2020 was ¥214,970,915.47, up from ¥138,172,709.30 in the same period of 2019, indicating a growth of approximately 55.5%[33] - The net profit for Q3 2020 reached CNY 44,840,686.82, up from CNY 33,606,774.13 in Q3 2019, reflecting a growth of approximately 33.2%[38] - The total profit for Q3 2020 was CNY 56,324,895.76, compared to CNY 42,239,407.59 in Q3 2019, marking an increase of around 33.4%[38] Revenue Sources - Revenue from content and creative brand marketing reached CNY 1.86 billion, serving over 300 clients[13] - Revenue from short video advertising and content e-commerce reached CNY 0.88 billion, providing live streaming services to nearly 100 clients[14] - The company has expanded its business model to include performance marketing and content e-commerce services[12] Assets and Liabilities - Total assets increased by 17.04% to CNY 1.89 billion compared to the end of the previous year[6] - Accounts receivable increased by 46.73% from the beginning of the period to 918,784,420.56, primarily due to business scale growth[21] - The company’s total liabilities decreased significantly, with accounts payable rising to ¥751,879,053.94, up 55.88% from ¥482,355,374.43[22] - Total assets as of September 30, 2020, amounted to ¥1,892,669,210.67, compared to ¥1,617,181,376.62 at the end of 2019[28] - Total liabilities as of September 30, 2020, were ¥1,471,828,891.65, compared to ¥1,268,597,168.40 at the end of 2019, showing an increase of about 16%[32] Cash Flow - The cash flow from operating activities for the first nine months of 2020 was CNY 46,782,404.34, compared to CNY 54,302,540.35 in the same period of 2019, showing a decrease of about 13.9%[44] - The cash flow from investing activities for the first nine months of 2020 was negative CNY 7,267,542.22, an improvement from negative CNY 121,720,223.13 in the same period of 2019[44] - The company's cash and cash equivalents at the end of Q3 2020 amounted to CNY 285,070,718.72, compared to CNY 210,686,389.68 at the end of Q3 2019, representing an increase of approximately 35.3%[44] Operational Metrics - The total number of fans across all platforms has reached approximately 150 million, with the account matrix of "Magnetic Technology" under the company surpassing 100 million fans, and total video views on Douyin reaching 19.71 billion[16] - The company has an average monthly production and distribution capability of nearly 5,000 short videos, with over 100 influencers incubated and signed, and the ability to conduct over 100 live-streaming sales events monthly[16] - The short video marketing and content e-commerce team has expanded to Beijing, Hangzhou, and Jinan, with a total team size of nearly 200 people, completing the full-service capability construction for the new media and content e-commerce industry chain[16] Compliance and Standards - The company implemented the new revenue recognition standards on January 1, 2020, adjusting the financial statements accordingly without restating prior periods[54] - The company is focused on compliance with the new accounting standards as mandated by the Ministry of Finance[60] - The company’s financial reporting reflects the cumulative impact of the new revenue recognition standards without restating prior periods[54]