XMGF(300770)2022-11-21 05:34Financial Performance - As of Q3 2021, Xinmei Co. achieved a consolidated revenue of 1.015 billion CNY, representing a year-on-year growth of 11.81% [3] - The net profit attributable to shareholders was 545 million CNY, with a year-on-year increase of 19.68% [3] - The net profit after deducting non-recurring gains and losses was 499 million CNY, up by 18.69% year-on-year [3] - The net cash flow from operating activities reached 909 million CNY, showing a significant growth of 83.23% [3] - Basic earnings per share stood at 2.37 CNY, with a weighted average return on equity of 19.48% [3] - By the end of the reporting period, total assets amounted to 3.848 billion CNY, a year-on-year increase of 17.48% [3] - The net assets attributable to shareholders were 2.914 billion CNY, reflecting a year-on-year growth of 10.12% [3] - For 2021, the company expects net profit attributable to shareholders to be approximately 632 million to 719 million CNY, an increase of 10%-25% compared to the previous year [3] Business Development - The company focuses on becoming a leading platform in the "Internet New Audio-Visual" sector, emphasizing steady growth in its main business operations [2] - The IPTV value-added services have shifted from scale development to refined operations, enhancing member and special area operations [3] - The company has effectively converted basic users into paying members through precise content supply, significantly increasing the paid scale of its "Xiyue TV" super members [3] - By June 2021, the cumulative effective users of the "Cloud Viewing" series products exceeded 230 million [3] Content Development - The company is accelerating its content construction strategy, which includes various initiatives such as: - Collaborating with Guangdong Radio and Television Station to produce national trend variety shows [4] - Focusing on children's education by integrating content and developing strong brand programs [4] - Producing culinary and cultural travel content, with projects like "Let's Go Wild! Dining Table" completed [4] - Developing situational short dramas in partnership with TVB and other organizations [4] Investor Relations - The investor relations activity was held on February 23, 2022, where company leaders communicated with investors, ensuring compliance with information disclosure regulations [2][4]