华媒控股(000607) - 2022 Q3 - 季度财报

Major Financial Data This section presents the company's key financial performance indicators and balance sheet items for the reporting period Key Accounting Data and Financial Indicators The company's performance declined in the first three quarters of 2022, with operating revenue down 10.40% to CNY 1.218 billion and net profit attributable to shareholders decreasing by 28.78% to CNY 55.376 million Key Financial Indicators for Q3 2022 and Year-to-Date | Indicator | Year-to-Date | Year-to-Date YoY Change | Current Reporting Period (Q3) | Current Period YoY Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | 1,217,988,090.94 | -10.40% | 420,319,864.84 | -12.44% | | Net Profit Attributable to Shareholders (CNY) | 55,376,103.06 | -28.78% | 13,645,699.77 | -36.87% | | Net Profit Attributable to Shareholders (Excl. Non-recurring Items) (CNY) | 23,649,373.70 | -55.06% | 6,013,611.11 | -58.80% | | Net Cash Flow from Operating Activities (CNY) | -75,025,119.24 | -11.74% | — | — | | Basic Earnings Per Share (CNY/share) | 0.05 | -37.50% | 0.01 | -50.00% | | Total Assets (CNY) | 3,699,384,305.27 | -3.16% (compared to year-end) | | | | Total Equity Attributable to Shareholders (CNY) | 1,541,747,396.18 | 3.85% (compared to year-end) | | | Non-recurring Gains and Losses Items and Amounts In the first three quarters of 2022, the company's non-recurring gains and losses totaled CNY 31.727 million, significantly contributing to net profit, primarily from government grants of CNY 23.505 million and fair value changes/disposal gains of financial assets at CNY 6.292 million Non-recurring Gains and Losses Items for the First Three Quarters of 2022 | Item | Year-to-Date Amount (CNY) | | :--- | :--- | | Government Grants | 23,505,438.64 | | Gains/Losses from Fair Value Changes and Disposal of Financial Assets/Liabilities Held for Trading | 6,292,299.74 | | Gains/Losses from Disposal of Non-current Assets | 921,668.30 | | Other Non-operating Income and Expenses | 878,232.70 | | Gains/Losses from Entrusted Investments or Asset Management | 663,053.89 | | Total | 31,726,729.36 | Analysis of Major Financial Indicator Changes The company experienced significant financial indicator changes, including a 307.43% increase in debt investments, a 50.72% decrease in short-term borrowings, a 124.31% increase in long-term borrowings, a surge in fair value change gains, and a 32.37% decrease in investment income - Debt investments at period-end increased by 307.43% compared to the beginning of the period, primarily due to an increase in large-denomination certificates of deposit[9] - Short-term borrowings at period-end decreased by 50.72% compared to the beginning of the period, mainly due to repayment of bank loans; long-term borrowings increased by 124.31% due to increased bank borrowings by subsidiaries for operational needs[9][10] - Gains from changes in fair value increased by 19232.70% year-on-year, primarily due to increased fair value gains from financial assets held for trading by subsidiaries[11] - Investment income decreased by 32.37% year-on-year, mainly due to reduced income recognized from companies accounted for using the equity method[10] Shareholder Information This section provides details on the company's common stock and preferred stock shareholders, including total numbers and top holders Common Stock Shareholding Status As of Q3 2022, the company had 41,920 common stock shareholders, with Hangzhou Daily Press Group Co., Ltd. as the controlling shareholder holding 48.07%, and Hangzhou Daily Press Group Co., Ltd. and Dushi Kuaibao News Agency identified as parties acting in concert among the top ten shareholders - As of the end of the reporting period, the company had 41,920 common stock shareholders[13] Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Type | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | :--- | | Hangzhou Daily Press Group Co., Ltd. | State-owned Legal Person | 48.07% | 489,256,177 | | Huali Group Co., Ltd. | Domestic Non-state-owned Legal Person | 4.66% | 47,408,102 | | Dushi Kuaibao News Agency | State-owned Legal Person | 3.95% | 40,194,438 | | Lei Lijun | Domestic Natural Person | 1.09% | 11,072,880 | | Tan Xining | Domestic Natural Person | 0.38% | 3,866,100 | Preferred Stock Shareholding Status The company had no preferred stock shareholders during the current reporting period - The company has no preferred stock shareholders[15] Other Significant Matters During the reporting period, the company disclosed several significant matters, including the proposed deregistration and equity transfer of Dushi Kuaibao News Agency, financial assistance to a subsidiary, updates on external guarantees, successful issuance of CNY 260 million ultra-short-term commercial paper, and management changes with the appointment of a new general manager - The controlling shareholder's party acting in concert, Dushi Kuaibao News Agency, plans to deregister due to institutional reform and transfer its company equity to Zhejiang Dukuai Media Group Co., Ltd. without compensation; this matter is still in progress[15] - The company provided financial assistance of up to CNY 181.5 million to its subsidiary Hangzhou Xiaowen Commercial Management Co., Ltd. based on its shareholding proportion[15] - The company issued its first tranche of ultra-short-term commercial paper for 2022, totaling CNY 260 million at an interest rate of 2.65%[17] - Company management changes: Mr. Zhang Jianqiu resigned as General Manager, and Mr. Zhang Shaohong was appointed as the new General Manager[17][18] Quarterly Financial Statements This section provides the company's unaudited consolidated and parent company financial statements for the third quarter of 2022, including balance sheets, income statements, and cash flow statements Financial Statements This chapter presents the company's core consolidated and parent company financial statements for the third quarter of 2022, including balance sheets, income statements, and cash flow statements, reflecting the financial position, operating results, and cash flows Consolidated Balance Sheet As of September 30, 2022, the company's total assets were CNY 3.699 billion, a 3.16% decrease from the beginning of the year; total liabilities were CNY 1.906 billion, a 8.64% decrease; and total equity attributable to the parent company was CNY 1.542 billion, a 3.85% increase Key Items from Consolidated Balance Sheet (September 30, 2022) | Item | September 30, 2022 (CNY) | January 1, 2022 (CNY) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 3,699,384,305.27 | 3,820,073,993.10 | -3.16% | | Total Liabilities | 1,905,753,719.11 | 2,085,953,120.81 | -8.64% | | Total Equity Attributable to Parent Company Shareholders | 1,541,747,396.18 | 1,484,543,349.14 | 3.85% | Consolidated Income Statement In the first three quarters of 2022, the company's total operating revenue was CNY 1.218 billion, a 10.40% year-on-year decrease; total operating costs were CNY 1.218 billion, a 9.74% decrease; and net profit attributable to parent company shareholders was CNY 55.376 million, a 28.78% decrease Key Items from Consolidated Income Statement (First Three Quarters of 2022) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 1,217,988,090.94 | 1,359,418,292.55 | -10.40% | | Total Operating Costs | 1,217,507,244.27 | 1,348,875,233.73 | -9.74% | | Total Profit | 65,996,605.77 | 81,768,632.52 | -19.29% | | Net Profit Attributable to Parent Company Shareholders | 55,376,103.06 | 77,748,674.04 | -28.78% | | Basic Earnings Per Share | 0.05 | 0.08 | -37.50% | Consolidated Cash Flow Statement In the first three quarters of 2022, net cash flow from operating activities was a CNY 75.025 million outflow, investment activities generated a CNY 31.051 million inflow, and financing activities resulted in a CNY 96.047 thousand outflow, with cash and cash equivalents at period-end totaling CNY 601.143 million Key Items from Consolidated Cash Flow Statement (First Three Quarters of 2022) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -75,025,119.24 | -67,143,483.58 | | Net Cash Flow from Investing Activities | 31,051,343.36 | -29,222,476.38 | | Net Cash Flow from Financing Activities | -96,047.49 | 21,306,314.47 | | Net Increase in Cash and Cash Equivalents | -44,069,823.37 | -75,059,645.49 | | Cash and Cash Equivalents at Period-End | 601,142,551.54 | 673,673,103.18 | Parent Company Income Statement In the first three quarters of 2022, the parent company's operating revenue was CNY 12.220 million, a 36.77% year-on-year decrease, and net profit was CNY 8.098 million, a 47.00% decrease, indicating a more significant decline than the consolidated results Key Items from Parent Company Income Statement (First Three Quarters of 2022) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 12,220,342.85 | 19,327,043.08 | -36.77% | | Operating Profit | 8,087,683.11 | 15,274,609.85 | -47.05% | | Net Profit | 8,097,794.11 | 15,274,609.85 | -47.00% | Parent Company Cash Flow Statement In the first three quarters of 2022, the parent company's net cash flow from operating activities was a CNY 58.927 million outflow, investing activities generated a CNY 137 million inflow, and financing activities resulted in a CNY 90.338 million outflow, leading to a net decrease of CNY 12.448 million in cash and cash equivalents Key Items from Parent Company Cash Flow Statement (First Three Quarters of 2022) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -58,927,121.82 | -114,622,578.87 | | Net Cash Flow from Investing Activities | 136,817,025.63 | 83,472,551.85 | | Net Cash Flow from Financing Activities | -90,337,650.55 | 9,330,104.31 | | Net Increase in Cash and Cash Equivalents | -12,447,746.74 | -21,819,922.71 | Audit Report The company's third-quarter 2022 financial report is unaudited - The company's third-quarter report is unaudited[37]