TVZone(SH:603721)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥62,914,979.50, representing a year-on-year increase of 24.37%[5] - The net profit attributable to shareholders decreased by 40.53% to ¥2,115,606.98 compared to the same period last year[10] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥1,265,411.21, an increase in loss of 58.77% year-on-year[11] - Basic earnings per share for Q3 2023 were ¥0.02, down 33.33% from the previous year[6] - Net profit for Q3 2023 was -¥3,826,534.01, a decrease from a net profit of ¥7,986,736.74 in Q3 2022, indicating a shift to a loss position[22] - The company's operating profit for Q3 2023 was -¥6,088,001.01, compared to an operating profit of ¥8,378,890.66 in the same quarter of the previous year[21] - The total equity attributable to shareholders decreased to ¥520,392,043.43 in Q3 2023 from ¥542,808,568.62 in Q3 2022, reflecting a decline in shareholder value[21] - Basic and diluted earnings per share for Q3 2023 were both -¥0.02, down from ¥0.07 in Q3 2022, reflecting the company's current financial challenges[22] Cash Flow and Assets - The cash flow from operating activities showed a net outflow of -¥3,727,874.93, a decrease of 105.86% compared to the previous year[6] - Cash flow from operating activities for the first three quarters of 2023 was ¥119,242,997.72, compared to ¥196,997,995.25 in the same period of 2022, indicating a decrease in cash generation[24] - The net cash flow from operating activities was -3,727,874.93, a significant decrease compared to 63,593,364.56 in the previous year[25] - Total cash inflow from operating activities was 161,842,016.31, down from 275,461,096.39 year-over-year[25] - Cash outflow from operating activities totaled 165,569,891.24, compared to 211,867,731.83 in the same period last year[25] - The ending cash and cash equivalents balance was 217,184,997.21, down from 239,415,202.68 in the previous year[26] - As of September 30, 2023, total current assets amount to RMB 470,116,430.64, a decrease from RMB 501,622,456.24 at the end of 2022[16] - Cash and cash equivalents decreased to RMB 217,184,997.21 from RMB 261,516,736.08[16] - Accounts receivable increased to RMB 138,838,276.33 from RMB 101,326,437.81[16] - Total assets at the end of the reporting period were ¥884,594,613.45, a decrease of 5.60% from the end of the previous year[6] - Total assets as of September 30, 2023, are RMB 884,594,613.45, down from RMB 937,037,851.28 at the end of 2022[17] - Total current liabilities decreased to RMB 115,022,429.17 from RMB 128,067,875.78[17] - Long-term borrowings amount to RMB 199,077,888.00, down from RMB 208,077,888.00[17] Shareholder Information - Total number of common shareholders at the end of the reporting period is 14,316[13] - The largest shareholder, Changsha Broadcasting and Television Group Co., Ltd., holds 65,494,785 shares, accounting for 50.38% of total shares[14] Operating Costs and Expenses - Total operating costs for the first three quarters of 2023 were ¥171,151,488.16, up from ¥134,641,927.57 in 2022, reflecting a significant increase in operational expenses[20] - Research and development expenses for Q3 2023 amounted to ¥8,478,399.66, an increase from ¥6,232,202.88 in Q3 2022, highlighting a focus on innovation[21] Non-Recurring Gains and Losses - The company reported non-recurring gains of ¥3,381,018.19 for the current period, down from ¥14,760,109.37 year-to-date[9] - The decline in net profit was primarily due to reduced investment from platform clients and high costs associated with the 5G/4K ultra-high-definition video production base[10] Investment Performance - The company reported an investment income of ¥6,398,336.07 in Q3 2023, a significant recovery from a loss of -¥226,834.24 in Q3 2022, suggesting improved investment performance[21] Other Developments - The company has no significant new product or technology developments reported in the conference call[15] - There are no new strategies or market expansions mentioned in the report[15]