H&R(SZ:000892)2020-10-29 16:00Financial Performance - Operating revenue for the reporting period was approximately -¥8.15 million, representing a decline of 128.91% compared to the same period last year[6]. - Net profit attributable to shareholders of the listed company was approximately -¥25.06 million, a decrease of 99.23% year-on-year[6]. - Basic earnings per share were -¥0.0256, down 99.23% year-on-year[6]. - The company reported a significant decrease in revenue due to lower than expected broadcast episodes for certain projects[6]. - Total revenue for the third quarter was CNY 17,188,753.60, a significant decrease from CNY 137,397,326.78 in the same period last year, representing a decline of approximately 87.5%[42]. - The net profit for the third quarter was a loss of CNY 25,064,137.87, compared to a loss of CNY 12,583,044.59 in the previous year, indicating an increase in losses of approximately 99%[38]. - The company recorded a total profit of -19,469,211.42 CNY, compared to a profit of 380,076.06 CNY in the previous period, showing a significant loss[46]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥3.45 billion, a decrease of 2.93% compared to the end of the previous year[6]. - Total liabilities increased to CNY 940,699,591.58 from CNY 896,446,563.89, marking an increase of about 4.91%[28]. - The company’s non-current liabilities rose significantly, with estimated liabilities increasing to CNY 83,127,171.50 from CNY 27,067,098.90, an increase of approximately 207.36%[28]. - The total current assets as of September 30, 2020, were CNY 1,486,874,522.85, compared to CNY 1,453,986,732.31 as of December 31, 2019, reflecting an increase of approximately 2.26%[32]. Cash Flow - The net cash flow from operating activities was approximately ¥76.43 million, an increase of 24.40% compared to the previous period[6]. - The company reported a significant cash outflow from operating activities, with a net cash flow of -¥87,762,315.50, indicating a substantial decline compared to the previous year[14]. - Operating cash flow generated was 126,143,907.41 CNY, a recovery from a negative cash flow of -87,762,315.50 CNY in the prior period[49]. - The net cash flow from investment activities improved to 111,328,541.31 from -27,087,436.85 in the previous period, reflecting a positive turnaround in investment returns[52]. Shareholder Information - Net assets attributable to shareholders of the listed company were approximately ¥2.51 billion, down 5.61% year-on-year[6]. - The total number of ordinary shareholders at the end of the reporting period was 29,662[10]. - The company’s equity attributable to shareholders was 2,653,827,875.26, indicating a solid equity position[56]. Expenses and Income - Sales expenses surged by 206.03% to ¥174,033,413.83 primarily due to increased promotional costs for new dramas[14]. - Financial expenses decreased by 68.25% to ¥5,036,861.65 as a result of reduced bank loan balances[14]. - Other income increased by 335.78% to ¥15,228,556.22 due to subsidies received under local support policies[14]. - The company experienced a significant increase in credit impairment losses, totaling CNY 76,942,524.65, compared to CNY 17,670,272.57 in the previous year, reflecting a rise of approximately 335%[42]. Project Funding and Investments - The total amount of raised funds for projects is RMB 35,000 million, with an actual investment of RMB 4,000 million, resulting in an investment progress of 81.49%[19]. - The project "江山永乐" has received RMB 25,000 million in funding after terminating projects "盗情" and "楼兰 I" due to market uncertainties[19]. - The project "迷局破之深潜" has been fully funded with RMB 4,000 million, achieving 100% investment completion[19]. - The company has invested RMB 30,700 million in bank principal-protected financial products using temporarily idle raised funds[21]. Changes in Financial Position - The company adjusted its financial statements in accordance with new revenue and leasing standards, impacting the balance sheet[53]. - The company has no significant contracts or non-operating fund occupation by controlling shareholders during the reporting period[20][22].