幸福蓝海(300528) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the current period was CNY 126,199,486.79, a decrease of 70.13% year-on-year[7] - Net profit attributable to shareholders was a loss of CNY 50,705,094.67, representing a decrease of 24.91% compared to the same period last year[7] - Basic earnings per share were -CNY 0.1361, a decrease of 24.91% year-on-year[7] - The net profit attributable to shareholders of the listed company for the first nine months was -274.75 million yuan, representing a decline of 673.66% from -35.51 million yuan in the same period last year, also due to the pandemic's impact[20] - The net loss for the quarter was CNY 56,285,423.44, slightly higher than the net loss of CNY 53,215,302.23 in the same period last year[41] - The company reported a total comprehensive loss of CNY 56,268,527.13, compared to a loss of CNY 53,224,111.72 in the prior year[42] - The company reported a net loss of CNY 181,229,135.53 for the period, compared to a profit of CNY 93,520,351.52 in the previous year[34] Assets and Liabilities - Total assets decreased by 7.10% to CNY 2,376,929,448.07 compared to the end of the previous year[7] - The company's total equity decreased to CNY 1,033,422,993.92 from CNY 1,326,254,711.57, a decline of about 22.1%[34] - Total liabilities increased to CNY 1,343,506,454.15 from CNY 1,232,326,716.90, marking an increase of approximately 9.0%[33] - The company had a 100% reduction in short-term borrowings, decreasing from 35 million yuan at the beginning of the year to 0 yuan by September 30, 2020, as a result of repaying bank loans[18] - The company’s long-term investments decreased to CNY 44,695,981.60 from CNY 60,583,534.53, a decline of about 26.2%[32] - The company reported total liabilities of CNY 1,232,326,716.90, with current liabilities at CNY 1,181,351,359.39 and non-current liabilities at CNY 50,975,357.51[64] Cash Flow - The net cash flow from operating activities increased significantly by 1,609.54% to CNY 111,577,533.90[7] - The company's cash flow from operating activities for the first nine months was 83.04 million yuan, down 44.31% from 149.09 million yuan in the previous year, mainly due to a significant decline in film distribution and screening revenues[22] - The net cash flow from operating activities for Q3 2020 was ¥83,035,553.86, compared to ¥149,091,714.44 in the same period last year, indicating a decrease of approximately 44.4%[56] - Total cash inflow from operating activities was ¥590,863,971.65, while cash outflow was ¥507,828,417.79, resulting in a net cash inflow of ¥83,035,553.86[56] - The cash flow from investment activities showed a net outflow of ¥66,313,975.56, compared to a net outflow of ¥94,858,366.63 in the previous year, reflecting an improvement of approximately 30%[57] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,077[11] - The largest shareholder, Jiangsu Broadcasting Television Group Co., Ltd., holds 47.28% of the shares[11] Government Support - The company received government subsidies amounting to CNY 9,487,264.14, primarily related to film industry support[8] Operational Challenges - For the first nine months of 2020, the company reported operating revenue of 217.11 million yuan, a decrease of 84.50% compared to 1,401.17 million yuan in the same period last year, primarily due to the impact of COVID-19 on film distribution and screening revenues[20] - The company experienced a 93.61% decrease in taxes and surcharges, which fell to 2.10 million yuan, reflecting the significant reduction in film distribution and screening revenues[20] - The company’s investment income turned negative, reporting -4.77 million yuan, a decline of 176.94% compared to 6.20 million yuan in the previous year, due to reduced income from equity investments[20] Cost Management - Total operating costs amounted to CNY 184,891,020.91, compared to CNY 455,878,953.60 in the prior period, indicating a reduction in costs[40] - The company incurred sales expenses of CNY 78,272,345.18, down from CNY 124,097,180.80 in the previous period, indicating cost control efforts[40] - The company’s sales expenses were ¥278,400,147, down 30.7% from ¥402,021,756 year-on-year[47] - The management expenses decreased to ¥73,616,572 from ¥91,530,641, reflecting a 19.6% reduction[47]