COL(SZ:300364)2019-10-24 16:00Financial Performance - Operating revenue for the reporting period was CNY 158,291,498.29, a decline of 44.65% compared to the same period last year[3]. - Net profit attributable to shareholders of the listed company was a loss of CNY 41,045,570.19, representing a decrease of 202.21% year-on-year[3]. - Basic earnings per share were CNY -0.0532, a decrease of 202.27% compared to the same period last year[3]. - The net loss attributable to shareholders was RMB -192,401,839.22, a significant decline of 598.79% compared to a profit of RMB 38,573,456.70 in the previous year, driven by decreased revenues from gaming and advertising[11]. - The company reported a net loss of CNY 1,440,884,267.65 in retained earnings, compared to a loss of CNY 1,248,482,428.43 in the previous year[20]. - The company's net profit for Q3 2019 was -186,575,385.15 CNY, compared to a profit of 41,787,658.70 CNY in the same period last year, indicating a significant decline[33]. - The total comprehensive income for Q3 2019 was -165,233,590.53 CNY, compared to 25,872,114.74 CNY in the same period last year, showing a substantial drop[34]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,339,349,330.20, a decrease of 9.70% compared to the end of the previous year[3]. - Non-current assets totaled CNY 1,082,127,453.01, down from CNY 1,261,517,295.14, marking a decrease of about 14.2%[18]. - The total liabilities decreased to CNY 329,630,167.84 from CNY 414,448,024.12, a reduction of approximately 20.5%[19]. - The company's total equity as of September 30, 2019, was CNY 2,009,719,162.36, down from CNY 2,176,128,007.12, reflecting a decrease of about 7.7%[20]. - The company's total current liabilities amounted to CNY 948,963,235.07[51]. - The company's total liabilities reached CNY 414,448,024.12, with non-current liabilities totaling CNY 39,130,658.67[46]. Cash Flow - The net cash flow from operating activities was CNY -32,263,493.68, an improvement of 38.89% compared to the previous year[3]. - Cash received from sales and services was RMB 567,552,512.78, down 31.29% from RMB 825,959,619.53, mainly due to reduced cash inflow from subsidiaries[12]. - The company's cash flow from operating activities showed a net outflow of -18,135,420.76 CNY for the current period, an improvement from -79,624,423.53 CNY in the previous period, indicating better operational efficiency[42]. - The total cash inflow from investment activities was 77,207,618.92 CNY, down from 306,669,670.05 CNY in the previous period, reflecting a significant decrease in investment returns[40]. - The net cash flow from financing activities was -71,389,150.31 CNY, compared to a positive flow of 71,898,516.35 CNY in the previous period, showing a shift towards higher cash outflows for debt repayment[40]. Shareholder Information - Net assets attributable to shareholders of the listed company were CNY 2,007,360,412.18, down 7.90% year-on-year[3]. - The top shareholder, Tong Zhilei, holds 14.43% of the shares, with a total of 111,379,416 shares[6]. - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[7]. Government Support - The company received government subsidies amounting to CNY 6,007,389.16 during the reporting period[4]. Research and Development - Research and development expenses for Q3 2019 were ¥13,019,898.28, down 43.2% from ¥22,897,057.69 in Q3 2018[25]. - Research and development expenses increased to CNY 7,824,626.86 from 5,363,452.21 CNY, representing a rise of approximately 45.7% year-over-year[35]. Other Financial Metrics - The weighted average return on net assets was -2.04%, down from -1.67% in the previous year[3]. - The company reported a significant increase in financial costs, with interest expenses rising to CNY 217,390.74 from CNY 1,365,238.25, a decrease of 84.0%[29]. - The company reported a decrease in available-for-sale financial assets to CNY 145,048,574.71, reflecting a shift in investment strategy[45].