米奥会展(300795) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the period was CNY 44,712,153.99, a decrease of 50.81% year-on-year[8] - Net profit attributable to shareholders was CNY 3,271,301.96, down 66.37% year-on-year[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,009,327.06, a decrease of 78.42% year-on-year[8] - Basic earnings per share were CNY 0.03, down 76.92% year-on-year[8] - The company forecasts a net loss of between RMB 45 million and RMB 65 million for the year, a decline of 168.00% compared to the previous year[19] - The total operating revenue for the third quarter was CNY 36,896,697.96, a decrease from CNY 86,506,294.36 in the previous period[40] - The net profit for the third quarter was CNY 3,027,819.30, down from CNY 9,019,919.52 in the previous year, indicating a decline of approximately 66.5%[2] - The total comprehensive income for the third quarter was CNY 350,867.91, significantly lower than CNY 10,540,512.37 in the same quarter last year[38] - The total profit for the quarter was a loss of CNY 52,101,372.39, compared to a profit of CNY 33,575,558.88 in the previous year[45] Assets and Liabilities - Total assets decreased by 18.83% to CNY 535,901,071.37 compared to the end of the previous year[8] - Current assets decreased to CNY 434,984,363.75 from CNY 539,054,280.44, reflecting a decline of approximately 19.3%[30] - Total liabilities increased to CNY 83,703,508.47 from CNY 55,212,917.06, marking an increase of about 51.7%[29] - Non-current assets totaled CNY 56,716,875.84, down from CNY 57,867,796.70, indicating a decrease of approximately 2.0%[30] - The company's cash and cash equivalents decreased to CNY 386,056,206.96 from CNY 514,273,311.15, a decline of about 25.0%[30] - The total equity attributable to shareholders decreased to CNY 450,098,350.21 from CNY 601,517,675.10, a reduction of approximately 25.1%[30] - The total liabilities and equity decreased to CNY 515,968,051.37 from CNY 619,149,283.90, reflecting a decline of about 16.7%[33] - The company reported accounts payable of CNY 10,386,127.08 and contract liabilities of CNY 16,181,217.78[60] Cash Flow - The net cash flow from operating activities was CNY -9,525,579.40, a decrease of 5.61% compared to the previous period[8] - The net cash flow from operating activities was negative RMB 22,919,423.12, a decrease of 3365.00% due to reduced cash receipts from sales[16] - Total cash inflow from operating activities was 135,480,219.18 CNY, while cash outflow was 158,399,642.30 CNY, resulting in a net cash outflow of 22,919,423.12 CNY[52] - Cash flow from investment activities showed a net outflow of -2,211,643.02 CNY, compared to -1,143,656.88 CNY in the previous period, reflecting increased investment expenditures[53] - Cash flow from financing activities resulted in a net outflow of -101,886,586.74 CNY, significantly higher than -224,798.14 CNY in the previous period, indicating increased debt repayments and dividend distributions[53] Shareholder Information - The company reported a total of 10,829 common shareholders at the end of the reporting period[12] - The top ten shareholders held a combined 69.67% of the company's shares, with the largest shareholder holding 23.55%[12] Expenses - Research and development expenses increased by 131.45% to RMB 9,682,210.90 as the company intensified investment in digital exhibition development[16] - The company's management expenses rose to CNY 22,589,120.60 from CNY 19,488,886.63, reflecting an increase of 10.7% year-over-year[43] - The company's financial expenses for the quarter were CNY -10,681,801.52, compared to CNY -5,213,292.72 in the previous year, indicating an increase in financial costs[47] - Research and development expenses increased to CNY 7,442,041.98 from CNY 4,183,294.54, reflecting a 77.1% increase year-over-year[47] Other Financial Metrics - The weighted average return on net assets was 0.31%, down 3.48% year-on-year[8] - The company experienced a credit impairment loss of CNY -279,873.05, compared to a gain of CNY 73,742.74 in the previous period[1] - The company incurred credit impairment losses of CNY -450,190.12, compared to CNY -176,894.88 in the previous year, indicating a worsening of credit quality[47] - The company reported investment income of CNY 31,992,063.52, up from CNY 21,027,299.19 in the previous year, showing a 52.2% increase[47] Changes in Accounting Standards - The company implemented new revenue and leasing standards starting in 2020, which required adjustments to the financial statements[57] - The company is implementing new revenue and leasing standards starting in 2020, which may affect future financial reporting[65]