Major Financial Data Key Accounting Data and Financial Indicators In Q3 2022, revenue grew 12.65% year-on-year, but net profit attributable to shareholders slightly decreased by 1.27%, and non-recurring net profit fell 16.39%, with operating cash flow significantly negative 2022 Q3 and Year-to-Date Key Financial Indicators | Indicator | Year-to-Date (CNY) | Year-on-year Change (Year-to-Date) | Current Period (Q3) (CNY) | Year-on-year Change (Q3) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 369,112,184.93 | 8.12% | 114,647,315.94 | 12.65% | | Net Profit Attributable to Shareholders | 48,941,618.38 | 8.10% | 17,637,224.41 | -1.27% | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Items) | 33,631,063.41 | -15.19% | 13,888,642.90 | -16.39% | | Net Cash Flow from Operating Activities | -20,654,628.02 | -674.38% | -- | -- | | Basic Earnings Per Share | 0.1224 CNY/share | -0.24% | 0.0441 CNY/share | -4.55% | | Total Assets (Period-end) | 818,311,041.60 | 5.24% (vs. prior year-end) | -- | -- | Non-Recurring Gains and Losses Non-recurring gains and losses totaled CNY 15.31 million in the first three quarters of 2022, primarily from wealth management investments and government subsidies, significantly supplementing net profit Year-to-Date Non-Recurring Gains and Losses | Item | Amount (CNY) | Notes | | :--- | :--- | :--- | | Fair value changes and investment income from financial assets held for trading | 4,754,298.76 | Primarily due to the company's investment in wealth management products with idle funds | | Other non-operating income and expenses | 15,069,792.52 | Primarily from park investment promotion subsidies and funds obtained from combating infringement and piracy | | Total | 15,310,554.97 | -- | Analysis of Key Financial Indicator Changes Despite a declining market, the company achieved 8.12% revenue growth and increased market share through strategic operations and channel expansion, though significant copyright investments led to negative operating cash flow - The company's core business achieved high-quality growth, increasing market share against the trend: In a declining overall book market, the company's sales revenue grew 8.12% in the first three quarters, paper book revenue increased 7.23%, gross profit margin improved by 1.3 percentage points, and market share rose to 1.22%910 - Emerging channels and digital content business developed rapidly: Revenue from self-operated e-commerce and short video e-commerce channels increased by 54.98% year-on-year, accounting for 23.67% of paper book business; digital content segment grew 34.01% year-on-year10 - Increased copyright investment led to negative operating cash flow: To strengthen copyright accumulation, the company invested CNY 55.14 million in new copyright agreements in the first three quarters, which was the main reason for the CNY 20.65 million net outflow in operating cash flow11 Shareholder Information Shareholding Structure As of the reporting period end, the company had 14,017 common shareholders, with highly concentrated ownership where controlling shareholders Hua Nan and Hua Shan collectively hold 70.65% - As of the end of the reporting period, the company had 14,017 common shareholders13 - Equity is highly concentrated, with actual controllers Hua Nan and Hua Shan (brothers) collectively holding 70.65% of shares1314 Changes in Restricted Shares During the reporting period, total restricted shares decreased from 360 million to 304 million, primarily due to the release of pre-IPO restricted shares and adjustments to executive lock-up shares Changes in Restricted Shares | Item | Number of Shares | | :--- | :--- | | Restricted shares at the beginning of the period | 360,000,000 | | Restricted shares released in the current period | 77,394,175 | | Restricted shares increased in the current period | 21,874,867 | | Restricted shares at the end of the period | 304,480,692 | Quarterly Financial Statements Consolidated Balance Sheet As of September 30, 2022, total assets increased by 5.24% to CNY 818 million, with significant shifts from cash to financial assets and prepayments, maintaining a healthy debt-to-asset ratio Consolidated Balance Sheet Key Item Changes | Item | September 30, 2022 (CNY) | January 1, 2022 (CNY) | Change Rate | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 79,576,893.30 | 325,413,985.63 | -75.55% | | Financial Assets Held for Trading | 239,843,527.72 | 51,622,008.65 | 364.62% | | Prepayments | 197,647,002.11 | 115,954,196.47 | 70.45% | | Inventories | 166,626,182.32 | 130,889,291.89 | 27.31% | | Total Assets | 818,311,041.60 | 777,584,291.62 | 5.24% | | Accounts Payable | 138,757,495.25 | 91,235,778.85 | 52.09% | | Total Liabilities | 167,630,058.94 | 153,566,896.49 | 9.16% | | Total Owners' Equity | 650,680,982.66 | 624,017,395.13 | 4.27% | Consolidated Income Statement In the first three quarters of 2022, total revenue grew 8.12% to CNY 369 million, but operating costs outpaced revenue growth, leading to a 10.33% decline in operating profit, with net profit supported by non-recurring gains Consolidated Income Statement Key Items (Year-to-Date) | Item | Amount for the Current Period (CNY) | Amount for the Prior Period (CNY) | Year-on-year Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 369,112,184.93 | 341,396,979.18 | 8.12% | | Total Operating Costs | 317,246,814.32 | 278,843,544.12 | 13.79% | | Of which: Selling Expenses | 35,300,467.94 | 25,487,681.59 | 38.50% | | Administrative Expenses | 47,357,328.80 | 37,455,391.12 | 26.44% | | Operating Profit | 48,157,514.17 | 53,705,638.17 | -10.33% | | Total Profit | 63,625,284.92 | 60,452,443.54 | 5.25% | | Net Profit | 48,941,618.38 | 45,275,669.43 | 8.10% | Consolidated Cash Flow Statement In the first three quarters of 2022, cash and cash equivalents decreased by CNY 245 million, driven by negative operating cash flow due to increased expenditures, significant investment in wealth management, and dividend payments Consolidated Cash Flow Statement Summary (Year-to-Date) | Item | Amount for the Current Period (CNY) | Amount for the Prior Period (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -20,654,628.02 | -2,667,253.68 | | Net Cash Flow from Investing Activities | -185,451,243.93 | -152,289,377.36 | | Net Cash Flow from Financing Activities | -38,730,003.37 | 26,992,792.02 | | Net Increase in Cash and Cash Equivalents | -244,835,875.32 | -127,963,839.02 |
读客文化(301025) - 2022 Q3 - 季度财报