万达电影(002739) - 2022 Q3 - 季度财报

Financial Performance - Total revenue for Q3 2022 was ¥2,782,171,633.46, an increase of 24.34% compared to the same period last year[3] - Net profit attributable to shareholders was ¥48,036,020.64, while net profit for the year-to-date was -¥533,100,497.93, a decrease of 16.73% year-on-year[3] - Total operating revenue for Q3 2022 was CNY 7,720,592,417.68, a decrease of 16.73% from CNY 9,271,483,128.91 in the same period last year[17] - The net loss for Q3 2022 was CNY 536,073,069.58, compared to a net profit of CNY 298,772,561.82 in Q3 2021[18] - The total comprehensive income for the period was -¥515,929,547, compared to ¥111,129,166 in the same period last year, indicating a significant decline[19] - The basic and diluted earnings per share were both -¥0.2396, a decrease from ¥0.1303 in the previous year[19] Cash Flow - Operating cash flow for the period was ¥1,667,404,217.59, down 33.25% compared to the previous year[5] - Cash inflows from operating activities totaled ¥9,502,981,421.77, down from ¥11,090,958,202.57 in the prior year, reflecting a decrease of approximately 14.3%[21] - The net cash flow from operating activities was ¥1,667,404,217.59, compared to ¥2,498,117,484.02 in the same period last year, representing a decline of about 33.3%[21] - Cash outflows from investing activities amounted to ¥636,043,776.65, a decrease from ¥1,159,531,913.45 in the previous year[21] - The net cash flow from investing activities was -¥619,082,485.94, compared to -¥1,157,729,487.28 in the same period last year, showing an improvement[21] - Cash inflows from financing activities were ¥2,967,789,381.50, slightly up from ¥2,863,000,000.00 in the previous year[21] - The net cash flow from financing activities was -¥668,712,632.76, an improvement from -¥2,639,632,158.78 in the same period last year[21] - The cash and cash equivalents at the end of the period increased to ¥4,352,131,303.78 from ¥3,643,079,720.51 in the previous year[22] - The impact of exchange rate changes on cash and cash equivalents was ¥4,017,299.75, compared to -¥13,618,200.04 in the same period last year[22] Assets and Liabilities - Total assets at the end of the period were ¥28,383,822,381.67, a decrease of 2.66% from the end of the previous year[3] - Current liabilities increased to CNY 9,835,200,187.28, up from CNY 9,510,419,776.82, representing a rise of 3.42%[16] - Non-current liabilities decreased to CNY 9,989,351,681.57 from CNY 10,573,441,599.57, a reduction of 5.53%[16] - The company's total equity attributable to shareholders was ¥8,414,678,138.04, down 5.75% from the previous year[3] - The total equity attributable to shareholders decreased to CNY 8,414,678,138.04 from CNY 8,928,054,399.43, a decline of 5.76%[16] Market Performance - In the first three quarters of 2022, the total box office in China was RMB 25.68 billion, a year-on-year decrease of 26.1%, with total audience attendance of 610 million, down 30.5% year-on-year[8] - In Q3 2022, the company achieved a domestic box office of RMB 3.71 billion (excluding service fees), a year-on-year decline of 18.8%, with audience attendance of 90.41 million, down 21.6% year-on-year[9] - The company's market share for the first nine months of 2022 was 16.8%, an increase of 1.6 percentage points compared to the same period last year, reaching 18.9% during the National Day holiday, up 4 percentage points year-on-year[9] - The company's Australian cinema chain reported a box office of RMB 843 million in the first nine months of 2022, a year-on-year increase of 96.4%, with audience attendance of 11.9 million, up 91.9% year-on-year[9] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 132,993, with Beijing Wanda Investment Co., Ltd. holding 38.99% of shares[6] - The company completed the repurchase and cancellation of 51,356,310 shares as part of its performance compensation plan, reducing its total share capital from 2,230,725,120 shares to 2,179,368,810 shares[11] Other Financial Metrics - Non-recurring gains and losses for the period totaled ¥59,442,291.45, with government subsidies contributing ¥31,550,191.31[4] - The company experienced a 40.25% decrease in other current assets, primarily due to a reduction in VAT receivables[5] - Investment income decreased by 37.68% to ¥1,811,418.16, attributed to reduced profits from joint ventures[5] - The company reported inventory of RMB 2.02 billion as of September 30, 2022, an increase from RMB 1.63 billion at the beginning of the year[13] - The company's accounts receivable as of September 30, 2022, were RMB 1.51 billion, down from RMB 1.85 billion at the beginning of the year[13] - The company anticipates it will be unable to meet its 2022 performance commitments due to ongoing severe impacts from the pandemic on the film industry[12]