HBMC(SZ:300027)2023-10-27 16:00Financial Performance - The company's revenue for Q3 2023 was approximately ¥138.34 million, a decrease of 10.53% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was approximately -¥138.95 million, representing a decline of 104.54% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately -¥127.97 million, a decrease of 5.02% compared to the previous year[5]. - The net profit attributable to shareholders for the first three quarters of 2023 was approximately -¥281.79 million, a decline of 8.22% year-on-year[10]. - Basic earnings per share were -0.10 yuan, a decrease of 11.11% year-on-year due to a decline in net profit attributable to shareholders[23]. - The weighted average return on equity was -24.99%, a decrease of 13.24 percentage points year-on-year[23]. - Net profit for the current period was a loss of ¥273,930,818.18, compared to a loss of ¥263,875,115.23 in the previous period, indicating a worsening of 3.9%[32]. - The company’s total comprehensive loss for the current period was ¥215,463,525.95, compared to a loss of ¥144,721,995.16 in the previous period, indicating a decline of 48.8%[33]. - Basic and diluted earnings per share were both reported at -¥0.10, compared to -¥0.09 in the previous period, reflecting a decrease in shareholder value[33]. Cash Flow and Assets - The company reported a significant increase in cash flow from operating activities, with a net cash flow of approximately ¥51.67 million, up 194.60% year-to-date[5]. - Net cash flow from operating activities was a net inflow of 51.67 million yuan, an increase of 194.60% year-on-year[22]. - The company reported a net cash flow from operating activities of ¥51,666,714.75, a significant improvement from a negative cash flow of ¥54,617,496.45 in the previous period[34]. - Cash and cash equivalents at the end of the period totaled ¥202,498,500.95, compared to ¥173,964,506.58 at the end of the previous period, showing an increase of 16.4%[36]. - The total assets at the end of Q3 2023 were approximately ¥4.88 billion, down 6.92% from the end of the previous year[5]. - Total assets as of September 30, 2023, amounted to CNY 4,881,060,075.94, a decrease from CNY 5,243,854,265.20 at the beginning of the year[30]. - Current assets totaled CNY 1,244,148,859.63, down from CNY 1,428,604,553.79 at the start of the year[28]. - Cash and cash equivalents were CNY 271,040,467.34, compared to CNY 326,599,197.62 at the beginning of the year[28]. - Total non-current assets were CNY 3,636,911,216.31, down from CNY 3,815,249,711.41[29]. - Total liabilities decreased to CNY 3,688,798,609.78 from CNY 3,795,141,234.79[30]. - Total equity decreased to CNY 1,192,261,466.16 from CNY 1,448,713,030.41[30]. - The company reported a net loss of CNY 3,888,787,036.14 in retained earnings[30]. Revenue Segments - Revenue for the first three quarters increased by 30.20% year-on-year, primarily due to increased film screening and box office revenue[15]. - The revenue from the brand licensing and immersive entertainment segment was approximately ¥8.96 million, an increase of 280% year-on-year[13]. - The cumulative box office for the film "The Wandering Earth 2," in which the company participated, reached approximately ¥4.025 billion[11]. - Total operating revenue for the current period reached ¥477,005,234.59, an increase of 30.2% compared to ¥366,371,982.66 in the previous period[31]. - The company reported a significant increase in sales revenue from services, totaling ¥418,728,922.45, compared to ¥412,065,666.07 in the previous period[34]. Expenses and Liabilities - Tax and additional charges rose by 65.72% year-on-year, mainly due to increased taxable income[16]. - Sales expenses increased by 74.55% year-on-year, primarily due to higher film promotion costs[16]. - The company incurred a total of ¥106,707,430.59 in financial expenses, down 34.6% from ¥162,882,354.92 in the previous period[31]. - R&D expenses decreased by 100% year-on-year due to departmental streamlining[17]. - Short-term borrowings decreased to CNY 525,732,354.19 from CNY 561,939,203.49[29]. Production and Projects - The company has multiple film projects in various stages of production, including "The Mermaid 2" and "The Angry Sea," scheduled for release in late 2023[11]. - The company has built and put into operation 28 cinemas by the end of the reporting period[14]. Reporting and Future Outlook - The third quarter report of Huayi Brothers Media Co., Ltd. is unaudited[37]. - The company has implemented new accounting standards starting from 2023[37]. - The financial statement adjustments related to the first year of the new accounting standards are applicable[37]. - The board of directors announced the third quarter report on October 28, 2023[37]. - There are no specific performance summaries or user data provided in the document[37]. - Future outlook and performance guidance are not detailed in the report[37]. - No information on new products or technology development is mentioned[37]. - Market expansion and mergers or acquisitions are not discussed in the document[37]. - Other new strategies are not outlined in the report[37]. - The document does not provide any numerical data or percentages related to financial performance[37].