Jetsen(300182)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥519,768,164.58, a decrease of 9.13% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2023 was ¥79,667,284.32, down 5.72% year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥77,468,346.36, reflecting a decline of 2.05% compared to the previous year[5] - The basic earnings per share for Q3 2023 was ¥0.0300, a decrease of 8.46% year-on-year[5] - Total operating revenue for Q3 2023 was ¥2,007,527,214.96, a decrease of 12.4% compared to ¥2,291,388,299.16 in Q3 2022[24] - Net profit for Q3 2023 was ¥432,025,839.42, compared to ¥502,879,669.31 in Q3 2022, reflecting a decline of 13.9%[25] - The company reported a total profit of ¥419,122,727.08 for Q3 2023, down from ¥505,235,649.75 in Q3 2022, a decline of 17.0%[25] - Other comprehensive income after tax for Q3 2023 was -¥983,741.25, compared to ¥2,181,368.65 in Q3 2022[26] Assets and Liabilities - The total assets at the end of Q3 2023 amounted to ¥10,707,283,837.05, an increase of 6.58% from the end of the previous year[5] - The equity attributable to shareholders at the end of Q3 2023 was ¥7,912,586,830.99, up 7.16% compared to the end of the previous year[5] - The total liabilities increased to ¥2,794,036,869.48, up from ¥2,662,010,337.09, representing a growth of approximately 4.95% year-over-year[56] - Total current liabilities increased to ¥2,680,152,426.52, compared to ¥2,547,941,034.20, marking an increase of approximately 5.2% year-over-year[56] - The total assets of Beijing Jiecheng Century Technology Co., Ltd. reached approximately CNY 10.71 billion, an increase from CNY 10.05 billion in the previous period, reflecting a growth of about 6.56%[48] Cash Flow - The cash flow from operating activities showed a significant decline, with a net amount of ¥702,076,852.44, down 60.06% year-on-year[5] - The net cash flow from operating activities was 702,076,852.44, a decrease of 60.06% compared to 1,758,016,526.57 in the previous period[28] - The total cash outflow from investing activities was 760,270,040.15, down from 1,293,879,298.80, resulting in a net cash flow from investing activities of -753,752,513.92[28] - The cash inflow from financing activities was 514,265,043.49, compared to 776,870,000.00 in the previous period, leading to a net cash flow from financing activities of 89,735,655.50[28] Research and Development - Research and development expenses increased significantly to ¥17,472,601.96 in Q3 2023, up from ¥6,981,721.90 in Q3 2022, marking a rise of 150.0%[25] - Research and development expenses rose significantly by 150.26%, totaling 17,472,601.96 compared to 6,981,721.90 in the previous period[39] Strategic Initiatives - The company launched several high-quality films and TV series in Q3 2023, including "The Eight Corners of the Cage" and "The Giant Shark 2" among others[19] - The company expanded its international content offerings by introducing quality overseas films and children's content[19] - The company is focusing on industrialization and internationalization strategies to enhance its market presence[19] - The company is focusing on new media copyright operations and actively advancing AR/VR/AI technologies, aiming to enhance its business profitability ecosystem[45] - The company is increasing its efforts in AIGC technology development and application, particularly in content creation and short video production, to enhance the operational value of its copyrights[46] - The company is exploring new opportunities in virtual technology applications beyond traditional broadcasting, including brand marketing and online education[46] Inventory and Receivables - Accounts receivable rose to ¥1,625,488,766.22 as of September 30, 2023, compared to ¥1,015,611,851.51 at the start of the year, indicating a growth of 60.0%[20] - The company reported a total of CNY 357.72 million in inventory, which increased from CNY 314.43 million, indicating a rise of about 13.76%[48] - The company's accounts receivable increased by 609,876,914.71, or 60.05%, reaching 1,625,488,766.22[39] Profitability and Earnings - The basic earnings per share for Q3 2023 were ¥0.1631, down from ¥0.1891 in Q3 2022, a decrease of 13.3%[26] - The company's net profit increased, resulting in an increase in undistributed profits by 432,047,393.27, or 934.83%[39] - The company's retained earnings improved significantly, moving from a negative balance to ¥385,830,857.07, indicating a positive turnaround in profitability[56] - The company reported a net profit of ¥385,830,857.07, a significant recovery from a loss of ¥46,216,536.20 in the previous period[56]