BNMC(SH:601011)2024-10-25 09:50Financial Performance - The company's operating revenue for Q3 2024 was ¥317,118,790.32, a decrease of 64.50% compared to the same period last year[1]. - The net profit attributable to shareholders for Q3 2024 was -¥81,446,112.97, representing a decline of 4.12% year-on-year[1]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥80,753,601.90, down 2.66% from the previous year[1]. - The company has reported a total net loss of -¥273,023,877.16 for the year-to-date, which is a staggering decline of 1,125.28% compared to the previous year[1]. - The net profit attributable to shareholders for the year-to-date period is -112.53 million RMB, a decrease of 25.07 million RMB compared to the same period last year, primarily due to a lack of sales in premium coal and reduced sales volumes in methanol and other products[7]. - The net profit for the first three quarters of 2024 was a loss of CNY 292,361,950.98, compared to a loss of CNY 26,944,096.36 in the same period of 2023, reflecting a worsening financial position[19]. - The net profit for the third quarter of 2024 was a loss of CNY 186,412,736.47, compared to a loss of CNY 92,981,838.15 in the same quarter of 2023, indicating a worsening financial performance[28]. Revenue and Sales - The company experienced a significant decline in sales volume of coke by 124,000 tons, leading to a revenue decrease of ¥24,497,000 due to lower sales prices[6]. - The company did not sell any premium coal during the reporting period, resulting in a revenue loss of ¥22,346,000 compared to the same period last year[6]. - The company's operating revenue for the first three quarters of 2024 was CNY 1,128,038,354.38, compared to CNY 2,566,754,872.63 in the same period of 2023, representing a significant decline[19]. - The company's operating revenue for the first three quarters of 2024 was CNY 1,039,734,276.04, a decrease of 57.96% compared to CNY 2,465,948,358.07 in the same period of 2023[26]. - The company received CNY 1,370,140,779.69 in cash from sales of goods and services in the first three quarters of 2024, a decrease of 52.1% from CNY 2,859,213,604.42 in the same period of 2023[21]. - The cash inflow from sales of goods and services was CNY 1.54 billion in 2024, a decline of 49.3% from CNY 3.04 billion in 2023[29]. Assets and Liabilities - The total assets at the end of the reporting period were ¥12,141,469,371.65, a decrease of 2.11% compared to the end of the previous year[3]. - The company’s equity attributable to shareholders decreased to ¥5,919,638,603.38, down 4.38% from the end of the previous year[3]. - The company's total liabilities amounted to CNY 5,730,612,814.35 as of the end of the third quarter of 2024, slightly up from CNY 5,701,070,999.61 at the end of the same period in 2023[18]. - The total liabilities increased to CNY 4,363,665,878.17 from CNY 4,243,652,573.30, representing an increase of 2.83%[25]. - The company's total non-current liabilities totaled CNY 4.72 billion, showing an increase from CNY 4.44 billion, indicating a rise of approximately 6.3%[17]. - The company's total non-current assets increased to CNY 6,926,260,528.07 from CNY 6,594,725,273.93, indicating a growth of 5.03%[24]. Cash Flow - The company reported a net cash flow from operating activities of ¥314,437,379.49 for the year-to-date, down 57.42% compared to the same period last year[1]. - The net cash flow from operating activities decreased by 57.42% year-on-year, mainly due to a reduction in cash received from sales[7]. - The net cash flow from operating activities for the first three quarters of 2024 was CNY 314,437,379.49, a decrease of 57.6% compared to CNY 738,441,516.12 in the same period of 2023[21]. - The net cash flow from operating activities for the first three quarters of 2024 was CNY 620 million, down 26.2% from CNY 840 million in the first three quarters of 2023[29]. - The total cash inflow from financing activities in Q3 2024 was CNY 671,431,856.11, a decrease from CNY 951,016,104.52 in Q3 2023[22]. - The cash inflow from financing activities was CNY 538.14 million in 2024, down 43.8% from CNY 959.03 million in 2023[29]. Expenses and Costs - Total operating costs for the first three quarters of 2024 were CNY 1,457,919,974.87, down from CNY 2,583,575,283.87 in 2023, indicating a reduction in expenses[19]. - Research and development expenses increased by 91.95% due to investments in graphene application research[9]. - Research and development expenses for the third quarter of 2024 were CNY 11,320,264.98, compared to CNY 5,897,464.01 in the same quarter of 2023, showing an increase in investment in innovation[19]. - The company reported a significant increase in credit impairment losses, amounting to 82.50 million RMB, which is an increase of 17.55 million RMB compared to the previous year[9]. - The company reported a significant increase in financial costs, with interest expenses of CNY 77,748,018.25 in the third quarter of 2024, compared to CNY 81,452,364.40 in the same quarter of 2023[19]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 81,696, with the largest shareholder holding 23.6% of the shares[10]. - The total equity attributable to shareholders was CNY 5,919,638,603.38, down from CNY 6,190,988,771.50 in the previous year, indicating a decrease in shareholder value[18]. - The company's basic and diluted earnings per share for Q3 2024 were both CNY -0.143, compared to CNY -0.012 in Q3 2023[20]. Inventory and Receivables - The company’s inventory decreased by 52.28 million RMB as production consumed raw materials from the previous period's inventory[7]. - The company's inventory as of September 30, 2024, was CNY 298,473,380.95, significantly reduced from CNY 667,621,298.83 at the end of 2023[23]. - Accounts receivable dropped to CNY 50.43 million from CNY 105.98 million, a decrease of about 52.5%[16]. - The company reported a significant reduction in other receivables, which fell to CNY 34.16 million from CNY 42.61 million, a decrease of approximately 19.8%[16].