BJCT(SZ:000802)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 254,563,174, a decrease of 58.10% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 112,504,295, representing a decline of 705.77% year-on-year[5]. - The basic earnings per share for the period was -CNY 0.1572, down 706.15% from the previous year[5]. - Total operating revenue for Q3 2023 reached CNY 138,122,858.26, a significant increase from CNY 19,483,007.42 in the same period last year[28]. - The net loss for Q3 2023 was CNY 143,801,175.26, worsening from a net loss of CNY 47,883,453.79 in Q3 2022[30]. - The company reported a significant increase in management expenses, totaling CNY 60,903,281.75, compared to CNY 60,118,070.33 in the previous year[28]. - The investment income for Q3 2023 was CNY 1,260,756.62, a recovery from a loss of CNY 1,543,784.41 in the same period last year[28]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,211,573,646.32, a decrease of 6.81% from the end of the previous year[5]. - The company's total assets decreased to CNY 3,211,573,646.32 from CNY 3,446,294,938.18 year-over-year[27]. - Total liabilities amounted to CNY 1,839,488,281.15, down from CNY 1,930,408,397.75 in the previous year[27]. - The equity attributable to shareholders of the parent company decreased to CNY 1,400,802,606.28 from CNY 1,535,695,216.48 year-over-year[27]. Cash Flow - The cash flow from operating activities showed a net outflow of CNY 130,287,254.99, a significant decline of 744.69% compared to the previous year[9]. - The total cash inflow from operating activities for the current period was ¥235,330,395.56, compared to ¥147,316,641.31 in the previous period, representing an increase of approximately 59.8%[31]. - The net cash outflow from operating activities was ¥130,287,254.99, worsening from a net outflow of ¥15,424,231.01 in the previous period[31]. - Cash inflow from investment activities totaled ¥74,300,130.00, significantly higher than ¥923,778.10 in the previous period[31]. - The net cash flow from investment activities was ¥74,277,326.93, compared to ¥918,279.10 in the previous period, indicating a substantial increase[31]. - Cash inflow from financing activities was ¥200,000,000.00, with a net cash flow of ¥20,956,376.01, improving from a net outflow of ¥8,098,787.38 in the previous period[33]. - The total cash and cash equivalents at the end of the period decreased to ¥23,692,032.81 from ¥29,417,620.22 in the previous period, reflecting a decline of approximately 19.4%[33]. Film Projects and Achievements - The film "Feng Shen Part 1: Chaos in Chao Ge" was released on July 20, 2023, and has achieved a cumulative box office of RMB 2.632 billion, with a total of 60.63 million viewers, making it the highest-grossing action film in mainland China for 2023[13]. - The film has received multiple awards and nominations, including the "Golden Silk Road Award" at the 10th Silk Road International Film Festival and Best Editing at the 18th Changchun Film Festival, along with 9 nominations at the 36th China Film Golden Rooster Awards[13]. - The film has been released on various streaming platforms and in multiple countries, enhancing the global reach of Chinese culture[13]. - The company has several film projects in various stages, including "The Wandering Earth 2," which has been released, and multiple projects in post-production and preparation stages[21]. - The company is actively developing new television series, with projects like "Youth in the Flames of War" already aired and others in post-production or script development[22]. - The company has received extensive media coverage praising the film as a benchmark for promoting Chinese culture and storytelling[13]. Legal Issues - The company is currently involved in a lawsuit with Zhejiang Da Hui Tu Film Co., Ltd., which has resulted in a court ruling requiring the company to pay RMB 87.01 million in investment and related fees[14]. - The lawsuit has led to the freezing of certain bank accounts, with a total frozen amount of RMB 2,940,810.72, representing 0.19% of the company's most recent audited net assets[18]. - The total amount applied for freezing across various accounts is RMB 93,092,840.30, accounting for 6.14% of the company's most recent audited net assets[18]. - The ongoing litigation has reduced the company's consolidated net profit for the period by RMB 93.3391 million[18]. - The company has arranged personnel to communicate with the court, banks, and relevant parties regarding the ongoing case[18]. - The company is pursuing legal actions to protect shareholder rights, including appeals to higher courts regarding previous judgments[19]. Operational Outlook - The company continues to operate normally despite the legal challenges and account freezes, with no significant adverse impact on daily operations[18]. - The company has indicated that its operational plans do not guarantee profitability for 2023, as outcomes depend on market conditions[23].