盛天网络(300494) - 2020 Q3 - 季度财报

Financial Performance - Total operating revenue for the reporting period was CNY 231,623,843.92, an increase of 25.83% year-on-year[7] - Net profit attributable to shareholders was CNY 19,640,861.91, a decrease of 7.97% compared to the same period last year[7] - The company’s net profit excluding non-recurring gains and losses was CNY 19,659,700.78, a decrease of 5.31% year-on-year[7] - Operating revenue for the first nine months of 2020 reached ¥671,465,559.41, an increase of 57.68% compared to ¥425,233,888.37 in the same period of 2019, primarily due to the acquisition of Tianxi Interactive in August 2019, which added new game IP operation revenue[18] - Total operating revenue for Q3 2020 reached CNY 231.62 million, an increase of 26% compared to CNY 184.08 million in Q3 2019[32] - Net profit for Q3 2020 was CNY 27.07 million, up from CNY 25.86 million in the same period last year, representing a growth of 4.7%[33] - Total operating revenue increased to ¥677,930,798.88 from ¥429,939,775.46, representing a growth of approximately 57.7% year-over-year[37] - Net profit rose to ¥81,738,997.57 compared to ¥40,741,715.54 in the previous period, marking an increase of about 100.5%[38] Cash Flow - Net cash flow from operating activities reached CNY 15,142,874.12, an increase of 212.93% year-on-year[7] - Net cash flow from operating activities rose significantly by 376.52% to ¥36,285,678.25, compared to ¥7,614,659.40 in the previous year, attributed to increased cash inflows from game IP operations[19] - Cash flow from operating activities generated ¥36,285,678.25, up from ¥7,614,659.40, indicating a significant improvement in cash generation capabilities[43] - The net cash flow from operating activities was -21,925,322.19, a decrease from 12,512,507.69 in the previous period[46] - Cash inflow from sales of goods and services was 286,325,097.69, a decrease from 391,414,330.72[46] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,538,575,566.03, a decrease of 0.06% compared to the end of the previous year[7] - The company’s total assets as of September 30, 2020, were ¥1,538,575,566.03, slightly down from ¥1,539,487,157.11 at the end of 2019[26] - The company’s total assets as of September 30, 2020, amounted to CNY 1.34 billion, an increase from CNY 1.28 billion at the end of 2019[30] - The total liabilities decreased to CNY 291.88 million in Q3 2020 from CNY 298.01 million in Q3 2019, reflecting a reduction of approximately 2.4%[31] Borrowings and Financing - Short-term borrowings increased by 950.00% to CNY 52,500,000.00, reflecting new bank loans[15] - The company’s short-term borrowings increased significantly to ¥52,500,000.00 from ¥5,000,000.00, indicating a strategic shift in financing[26] - Cash inflow from financing activities surged by 2129.12% to ¥52,884,149.35, largely due to increased short-term bank loans[19] - The company received 52,500,000.00 in new borrowings during the period[47] Government Support and Subsidies - The company recognized government subsidies amounting to CNY 3,641,882.01 during the reporting period[9] - Other income saw a remarkable increase of 324.23% to ¥6,491,401.97, primarily due to increased government subsidies during the reporting period[18] Investment and Expenses - Investment income decreased by 76.34% to ¥2,522,417.08 from ¥10,660,870.45, primarily due to reduced returns from external investments[18] - Research and development expenses for Q3 2020 were CNY 12.92 million, slightly up from CNY 12.89 million in Q3 2019[32] - Research and development expenses were maintained at ¥36,589,513.14, slightly down from ¥37,058,158.28, indicating continued investment in innovation[37] - Sales expenses decreased to ¥21,270,283.81 from ¥41,110,728.97, showing a reduction of about 48.3%[37] Future Plans - The company plans to issue A-shares to specific investors to raise funds for projects including cloud gaming services, game licensing and operation, and big data and cloud storage platform upgrades[21] - The company plans to continue focusing on market expansion and new product development to drive future growth[32]