中广天择(603721) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY -10,134,261.74, an improvement of 13.00% year-on-year[6] - Operating revenue for the first nine months was CNY 176,095,390.81, down 5.05% from the same period last year[6] - The company reported a basic earnings per share of CNY -0.08, an improvement from CNY -0.09 in the previous year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -12,576,534.87, a 21.10% improvement year-on-year[6] - Total operating revenue for Q3 2020 was ¥77,402,861.91, an increase of 13.5% compared to ¥68,015,886.51 in Q3 2019[28] - Net profit for Q3 2020 was a loss of ¥6,008,360.21, compared to a loss of ¥1,066,045.69 in Q3 2019, representing a significant decline[29] - Total profit for the first three quarters of 2020 was a loss of ¥10,098,415.61, compared to a loss of ¥11,648,498.20 in the same period of 2019[29] - Basic earnings per share for Q3 2020 were -¥0.05, compared to -¥0.01 in Q3 2019[30] Cash Flow - The net cash flow from operating activities was CNY -78,127,812.13, showing a 15.68% improvement compared to the previous year[6] - Cash flow from operating activities for the first nine months of 2020 was a net outflow of CNY 78,127,812.13, compared to a net outflow of CNY 92,651,615.65 in the same period of 2019[38] - Cash flow from investing activities generated a net inflow of CNY 38,966,983.10 in the first nine months of 2020, contrasting with a net outflow of CNY 64,093,386.21 in the same period of 2019[39] - Cash flow from financing activities resulted in a net inflow of CNY 44,549,541.65 for the first nine months of 2020, compared to a net inflow of CNY 1,935,958.34 in the same period of 2019[39] - The total cash and cash equivalents at the end of Q3 2020 amounted to CNY 90,690,683.31, up from CNY 85,301,970.69 at the beginning of the period[39] Assets and Liabilities - Total assets at the end of the reporting period were CNY 666,474,885.21, a decrease of 0.38% compared to the end of the previous year[6] - The company’s total current assets decreased to ¥489,116,843.02 from ¥577,412,887.27, indicating a reduction in liquidity[19] - Current liabilities increased to CNY 132,861,478.08 from CNY 124,680,747.59, primarily due to a rise in short-term borrowings from CNY 15,000,000.00 to CNY 60,000,000.00[21] - Non-current liabilities totaled CNY 33,333.37, down from CNY 601,190.48, indicating a significant reduction in long-term obligations[21] - Shareholders' equity decreased to CNY 533,580,073.76 from CNY 543,714,335.50, reflecting a decline in retained earnings from CNY 163,508,533.47 to CNY 153,374,271.73[21] - Total assets as of September 30, 2020, amounted to CNY 666,474,885.21, a slight decrease from CNY 668,996,273.57 at the end of 2019[21] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,864[11] - The largest shareholder, Changsha Broadcasting and Television Group, holds 50.38% of the shares[11] Government Support - The company received government subsidies amounting to CNY 1,553,409.38 for the year-to-date[10] Research and Development - Research and development expenses decreased by 40.76% to ¥7,453,527.75 from ¥12,580,997.30, primarily due to a reduction in R&D projects during the reporting period[14] - Research and development expenses for Q3 2020 were ¥2,462,319.04, down 51.6% from ¥5,093,930.82 in Q3 2019[28] Inventory and Receivables - The company reported a total of CNY 111,718,552.16 in inventory, down from CNY 126,134,748.00, indicating a reduction in stock levels[24] - As of September 30, 2020, accounts receivable increased to ¥2,997,200, reflecting a significant change due to the receipt of customer acceptance bills during the reporting period[13] - Other receivables decreased by 91.14% to ¥13,273,870.46, down from ¥149,761,469.79, mainly due to the receipt of land storage compensation[13] Future Outlook - The company anticipates a decline in cumulative net profit compared to the same period last year, mainly due to the downturn in the film and television industry and the impact of COVID-19 on production schedules[15]