XMGF(SZ:300770)2023-10-27 16:00Financial Performance - Operating revenue for the current period reached ¥401,837,948.11, an increase of 10.59% compared to the same period last year[3] - Net profit attributable to shareholders of the listed company was ¥170,149,322.53, a decrease of 2.65% year-on-year[3] - Net profit excluding non-recurring gains and losses was ¥166,297,001.43, down 1.68% from the previous year[3] - The company's net profit for the third quarter of 2023 was ¥499,450,028.02, a decrease of about 2.2% compared to ¥512,602,048.50 in the same period last year[13] - The total profit for the third quarter of 2023 was ¥501,705,596.79, slightly lower than ¥513,205,216.31 in the previous year, representing a decrease of approximately 2.9%[13] - The total comprehensive income for the third quarter of 2023 was ¥499,450,028.02, compared to ¥514,260,823.02 in the previous year, indicating a decrease of about 2.4%[20] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was ¥596,835,492.65, a decrease of 37.24% compared to the same period last year[3] - Cash inflow from operating activities totaled ¥2,251,060,882.99, slightly up from ¥2,245,113,891.84 in the previous period[57] - Cash received from sales of goods and services was ¥876,841,941.86, down from ¥1,025,621,839.99 in the last period, reflecting a decrease in sales[57] - As of September 30, 2023, the company's cash and cash equivalents amounted to ¥3,418,190,226.59, an increase from ¥3,303,222,833.97 at the beginning of the year, reflecting a growth of approximately 3.5%[11] - The company reported a net increase in cash received from other operating activities to ¥1,374,203,085.86 from ¥1,216,511,994.58, indicating improved cash flow management[57] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥4,698,179,031.25, reflecting a 7.11% increase from the end of the previous year[3] - Total assets increased to ¥4,698,179,031.25, up from ¥4,386,225,261.96, representing a growth of approximately 7.1% year-over-year[34] - Total liabilities increased to ¥1,214,172,821.13 from ¥906,668,211.84, showing a significant rise in financial obligations[2] - The company’s total liabilities increased, with current liabilities including accounts payable rising significantly[34] - Non-current liabilities decreased to ¥23,525,626.10 from ¥31,498,381.60, suggesting a reduction in long-term financial commitments[2] Equity and Shareholder Value - The company’s total equity attributable to shareholders was ¥3,473,263,987.42, a slight increase of 0.13% from the previous year[3] - Total equity attributable to shareholders reached ¥3,473,263,987.42, up from ¥3,468,886,485.81, indicating a growth in shareholder value[2] - The company maintained a stable level of retained earnings at ¥1,955,596,811.11, slightly up from ¥1,951,141,204.92, indicating consistent profitability[2] Operational Metrics - Accounts receivable increased by 392.87% compared to the previous year, primarily due to an increase in receivables from the Guangdong IPTV business[7] - The company reported a significant increase in contract assets, which rose by 34.34% year-on-year, also linked to the Guangdong IPTV business[7] - The company experienced a 42.30% increase in accounts payable, mainly due to increased copyright content fees and operating amounts owed to partners in the Internet TV business[7] - Research and development expenses for the third quarter of 2023 were ¥37,180,758.17, an increase of about 9.3% compared to ¥33,934,571.03 in the same period last year[13] - The company's sales expenses for the third quarter of 2023 were ¥23,299,148.57, down from ¥34,454,255.45 in the same period last year, showing a reduction of about 32.3%[13] Other Observations - The report indicates that the third quarter report is unaudited, which may impact the reliability of the financial data presented[38] - The company has not disclosed any new product launches or significant market expansion strategies during the conference call[10]