思美传媒(002712) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue increased by 91.20% to CNY 1,051,194,612.30 for the current period compared to the same period last year[8] - Net profit attributable to shareholders decreased by 31.11% to CNY 9,486,601.60 for the current period compared to the same period last year[8] - Basic earnings per share decreased by 75.76% to CNY 0.02 for the current period compared to the same period last year[8] - Total operating revenue for Q3 2020 reached ¥1,051,194,612.30, compared to ¥549,795,552.78 in the previous period, indicating a significant increase[62] - Net profit for Q3 2020 was ¥12,475,530.30, a decrease from ¥15,834,557.24 in the previous year[64] - The net profit attributable to the parent company was ¥9,486,601.60, down from ¥13,770,374.37 in the same period last year[64] - The operating profit for the current period is CNY 65,420,756.31, compared to CNY 202,421,519.80 in the previous period, indicating a significant decline[72] - The net profit for the current period is CNY 54,972,639.98, down from CNY 194,849,629.23 in the previous period, reflecting a decrease of about 71.8%[72] - The total comprehensive income for the current period is CNY -10,481,137.39, compared to CNY -16,139,946.02 in the previous period, showing a reduction in losses[69] Cash Flow - Net cash flow from operating activities decreased significantly by 526.59% to -CNY 247,498,319.49 for the current period[8] - Net cash flow from operating activities decreased by 190.52% compared to the same period last year, primarily due to a reduction in bank acceptance bill settlements with suppliers[40] - The net cash flow from operating activities for the current period is -253,852,704.90 CNY, compared to 193,836,246.91 CNY in the previous period, indicating a significant decline in operational cash generation[82] - The total cash inflow from operating activities was CNY 3.01 billion, compared to CNY 2.05 billion in the previous year[80] - The total cash outflow from operating activities was CNY 3.26 billion, an increase from CNY 1.77 billion in the same period last year[80] - The net cash flow from financing activities is 50,021,395.16 CNY, a recovery from -265,038,294.43 CNY in the previous period, showing improved financing conditions[84] Assets and Liabilities - Total assets decreased by 11.60% to CNY 4,037,835,694.77 compared to the end of the previous year[8] - Total assets decreased from CNY 4,567,548,748.12 at the end of 2019 to CNY 4,037,835,694.77 as of September 30, 2020[54] - Total liabilities decreased to ¥480,999,967.43 from ¥936,227,161.13 in the previous year[60] - The company's total equity increased to ¥3,303,530,186.51 from ¥2,812,044,555.53 year-over-year[60] Expenses - Operating costs increased by 43.38% compared to the same period last year, mainly due to an increase in the scope of consolidation[29] - R&D expenses increased by 70.37% compared to the same period last year, reflecting higher R&D investments[30] - Financial expenses decreased by 120.64% compared to the same period last year, mainly due to reduced interest expenses on short-term bank loans[31] - The company experienced a decrease in sales expenses, which are reported at CNY 88,733,039.87, compared to CNY 79,656,204.99 in the previous period, reflecting a rise of approximately 11.5%[70] Investments - The investment income for the current period is CNY 3,285,415.96, down from CNY 5,503,452.91 in the previous period, indicating a decline[72] - The company reported a credit impairment loss of CNY 7,640,416.75, compared to a loss of CNY 19,038,451.16 in the previous period, indicating an improvement[72] - The company recorded a financial asset fair value loss of CNY 3.99 million during the period[75] Changes in Current Assets - Cash and cash equivalents decreased by 46.52% compared to the beginning of the period due to repayment of short-term loans and notes payable[16] - Accounts receivable financing decreased by 96.18% compared to the beginning of the period due to reduced payments by customers using bank acceptance bills[17] - Prepayments increased by 172.97% compared to the beginning of the period due to increased advance payments to suppliers[18] - Inventory decreased by 79.90% compared to the beginning of the period due to the completion of drama production and cost recognition[20] - Other current assets decreased by 43.85% compared to the beginning of the period due to the redemption of structured financial products[21] - Short-term borrowings decreased by 63.07% compared to the beginning of the period, mainly due to the repayment of part of the due bank short-term loans[22] - Notes payable decreased by 83.13% compared to the beginning of the period, primarily due to the maturity and acceptance of some notes payable at the beginning of the year[23] - Prepayments decreased by 44.96% compared to the beginning of the period, mainly due to a reduction in customer prepayments[24] - Taxes payable decreased by 52.27% compared to the beginning of the period, mainly due to tax relief policies issued by the State Administration of Taxation due to the impact of the pandemic[25] - Other payables increased by 561.85% compared to the beginning of the period, mainly due to new borrowings from the controlling shareholder[26]