BTH(600640)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥626,681,022.28, representing a decrease of 30.30% compared to the same period last year[5]. - Year-to-date revenue until the report period was ¥1,734,318,016.20, down 38.77% year-on-year[5]. - The net profit attributable to shareholders for Q3 2023 was a loss of ¥16,622,506.60, with no applicable comparison due to the nature of the loss[5]. - The net profit attributable to shareholders for the year-to-date period was ¥28,508,688.33, with no applicable comparison due to the nature of the profit[5]. - The basic and diluted earnings per share for Q3 2023 were both -¥0.0209, with no applicable comparison[6]. - Total operating revenue for the first three quarters of 2023 was CNY 1,734,318,016.20, a decrease of 38.8% compared to CNY 2,832,648,520.13 in the same period of 2022[19]. - Total operating costs for the first three quarters of 2023 were CNY 1,736,782,092.48, down 40.5% from CNY 2,920,338,549.01 year-over-year[19]. - Net profit for Q3 2023 was CNY 36,498,702.09, a significant recovery from a net loss of CNY 103,221,401.54 in Q3 2022[20]. - The company achieved an operating profit of CNY 44,283,318.50 in Q3 2023, compared to an operating loss of CNY 109,552,544.65 in Q3 2022[20]. - The basic earnings per share for Q3 2023 was CNY 0.0358, recovering from a loss of CNY 0.1254 per share in Q3 2022[21]. - The company reported a significant increase in investment income, reaching CNY 6,288,302.10 in Q3 2023, compared to a loss of CNY 1,267,761.77 in Q3 2022[20]. Assets and Liabilities - The total assets at the end of Q3 2023 were ¥5,410,702,193.78, a decrease of 1.30% from the end of the previous year[6]. - The total assets of the company as of September 30, 2023, are ¥5,410,702,193.78, down from ¥5,481,739,725.78 at the end of 2022[16]. - The total liabilities decreased to CNY 937,813,934.13 in Q3 2023 from CNY 1,047,162,105.82 in Q3 2022, reflecting a reduction of approximately 10.5%[18]. - The company's total equity increased to CNY 4,472,888,259.66 in Q3 2023, up from CNY 4,434,577,619.96 in Q3 2022, indicating a growth of about 0.9%[18]. - The equity attributable to shareholders at the end of Q3 2023 was ¥3,983,521,436.26, an increase of 0.77% from the end of the previous year[6]. Cash Flow - The company reported a net cash flow from operating activities of ¥296,300,965.38 for the year-to-date period[6]. - The net cash flow from operating activities for Q3 2023 was ¥296,300,965.38, a significant improvement from a net outflow of ¥122,627,040.44 in Q3 2022[24]. - Total cash inflow from operating activities was ¥4,010,116,996.45, compared to ¥4,725,742,664.52 in the same period last year, indicating a decrease of approximately 15.1%[24]. - Cash outflow from operating activities totaled ¥3,713,816,031.06, down from ¥4,848,369,704.96, reflecting a reduction of about 23.4%[24]. - The net cash flow from investing activities was ¥11,490,300.53, recovering from a net outflow of ¥97,031,533.68 in Q3 2022[25]. - Total cash inflow from investing activities was ¥1,073,023,754.54, compared to ¥253,582,729.67 in the previous year, showing a substantial increase[25]. - Cash outflow from investing activities was ¥1,061,533,454.01, up from ¥350,614,263.35, indicating an increase of approximately 202.5%[25]. - The net cash flow from financing activities was -¥56,472,123.38, worsening from -¥8,114,511.88 in Q3 2022[25]. - The ending balance of cash and cash equivalents was ¥1,199,113,711.22, compared to ¥1,170,663,829.90 at the end of Q3 2022, reflecting a slight increase[25]. - The company received ¥1,478,403,164.51 in other cash related to operating activities, which is a marginal increase from ¥1,436,022,805.03 in the previous year[24]. - The company paid ¥284,951,130.72 to employees, which is a slight increase from ¥273,516,772.48 in Q3 2022[24]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 30,791[12]. - The largest shareholder, China Telecom Group Co., Ltd., holds 407,061,147 shares, accounting for 51.16% of total shares[12]. - The second-largest shareholder, China Shunxin Group Asset Management Co., Ltd., holds 112,178,462 shares, representing 14.10%[13]. Business Strategy and Developments - The company is focusing on core business areas and accelerating digital transformation, which has led to a significant restructuring of non-core businesses[10]. - The company anticipates that ongoing improvements in business quality and cost reduction will contribute positively to future profit margins[10]. - The company does not have any significant new product or technology developments reported in this quarter[15]. - Research and development expenses for the first three quarters of 2023 were CNY 72,906,797.14, a decrease of 14.4% from CNY 85,235,758.21 in the previous year[19]. - Accounts receivable decreased to ¥427,983,743.30 from ¥607,775,866.26 year-over-year[16]. - Total current assets decreased to ¥2,320,051,662.46 from ¥3,035,412,083.86 year-over-year[16]. - Non-current assets increased to ¥3,090,650,531.32 from ¥2,446,327,641.92 year-over-year[16]. - The company has no strategic investors or general legal entities participating in the new share placement during the reporting period[14].