COL(SZ:300364)2023-10-22 16:00Financial Performance - The net profit for the period was RMB 2,631,763.66, a turnaround from a loss of RMB 122,115,759.11, representing a 102.16% increase [20]. - The net profit for the third quarter was 2,631,763.66 CNY, a significant recovery from a net loss of 122,115,759.11 CNY in the same period last year [36]. - Net profit attributable to shareholders for the current period is CNY 39,492,259.63, an increase of 163.03% compared to a net loss of CNY 62,612,869.33 in the same period last year [51]. - The net loss attributable to shareholders after deducting non-recurring gains and losses of CNY -334,708.04, a 99.31% improvement from the previous year's loss of CNY -48,251,298.69 [51]. Revenue and Costs - Total operating revenue for the third quarter reached ¥1,019,708,612.47, an increase of 12.2% compared to ¥908,945,454.96 in the same period last year [30]. - Total operating costs amounted to ¥1,140,529,527.25, up from ¥989,304,342.82, reflecting a year-over-year increase of 15.3% [30]. - The company's operating costs increased by 30.14% to ¥590,228,387.00, primarily due to increased costs associated with the revenue from paid video drama business related to copyright derivatives [13]. Cash Flow - The cash flow from operating activities showed a net outflow of RMB -66,375,896.96, a decrease of 225.02% compared to the previous year [20]. - The cash flow from investing activities had a net outflow of RMB -120,143,534.47, which is a 62.82% improvement from the previous year's outflow of RMB -323,099,289.76 [20]. - The cash flow from financing activities resulted in a net outflow of RMB -145,140,005.21, a significant decrease of 255.79% compared to the previous year [20]. - The net cash flow from operating activities for the year-to-date is CNY -66,375,896.96, a significant decline compared to CNY 53,092,522.11 in the same period last year, representing a decrease of 225.02% [51]. - The net cash flow from financing activities for the current period is CNY -145,140,005.21, compared to CNY 93,166,308.08 in the previous period [50]. Assets and Liabilities - The company's total assets decreased to ¥1,615,653,234.80 from ¥1,867,913,188.91, a decline of approximately 13.5% [30]. - Current liabilities totaled ¥410,126,764.92, down from ¥622,125,451.63, indicating a reduction of about 34% [30]. - Non-current liabilities decreased to ¥15,593,617.80 from ¥33,748,374.43, a drop of approximately 53.7% [30]. - The company's total equity stood at ¥1,189,932,852.08, slightly down from ¥1,212,039,362.85, reflecting a decrease of about 1.8% [30]. - Total assets at the end of the reporting period amount to CNY 1,864,833,071.02, a decrease of 13.50% compared to the previous year [51]. Investments - Investment income surged by 3,035.09% to ¥72,320,058.74, attributed to the change in accounting treatment of the long-term equity investment in CMS [13]. - Long-term equity investments rose by 68.51% to ¥265,930,706.41, due to the change in accounting treatment for the previously controlled subsidiary CMS [13]. - Long-term equity investments increased to ¥265,930,706.41 from ¥157,812,651.54, representing a growth of approximately 68.5% [30]. - The company recorded investment income of 72,320,058.74 CNY, a substantial increase from 2,306,790.88 CNY in the previous year [36]. Inventory and Goodwill - The company reported a significant increase in inventory by 1,379.02% to ¥21,796,826.46, mainly due to changes in the scope of consolidation and an increase in inventory of copyright derivative products [13]. - The company reported a significant increase in inventory, which rose to ¥21,796,826.46 from ¥1,473,739.17, marking a substantial increase of over 1,377% [30]. - The company’s goodwill increased dramatically by 55,826.61% to ¥124,117,786.02, resulting from the acquisition of Beijing Hanmu Chunhua Animation Technology Co., Ltd. [13]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 85,927, with the top ten shareholders holding a significant portion of the shares [21]. - The largest shareholder, Tong Zhilei, holds 11.95% of the shares, amounting to 87,201,416 shares [21]. Research and Development - The company’s research and development expenses decreased by 32.41% to ¥67,642,471.79, mainly due to changes in the scope of consolidation [13]. - Research and development expenses decreased to 67,642,471.79 CNY from 100,071,636.15 CNY, reflecting a reduction of approximately 32.3% [36]. Other Income - The company’s total non-operating income amounted to ¥39,826,967.67, with a notable contribution from other non-recurring gains [10]. - The company reported a significant increase in other income, amounting to RMB 38,985,267.67, up 1,282.39% from RMB 2,820,127.68 in the previous year [20]. Accounting Changes - The company has adjusted its accounting policies effective January 1, 2023, impacting deferred tax assets and liabilities [50].