BLEST(SH:603959)2024-10-30 10:07Financial Performance - Operating revenue for Q3 2024 was CNY 215,504,674.20, a decrease of 61.06% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was -CNY 36,077,925.07, an increase in loss of 31.22% year-on-year[2] - Net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was -CNY 36,507,760.11, a decrease in loss of 43.52% year-on-year[2] - The net profit attributable to shareholders for the year-to-date was -CNY 170,233,912.02, a dramatic decrease of 1,288.80% year-on-year[2] - Net loss for the third quarter of 2024 was CNY 180,093,837.01, compared to a net profit of CNY 13,231,821.81 in the same quarter of 2023[16] - Basic and diluted earnings per share for Q3 2024 were both CNY -0.35, compared to CNY 0.03 in Q3 2023[16] Assets and Liabilities - Total assets at the end of Q3 2024 were CNY 3,255,668,635.01, a decrease of 19.52% from the end of the previous year[3] - Total assets decreased from 4,045,101,591.51 to 3,255,668,635.01, a reduction of about 19.5%[12] - Current liabilities decreased from 3,418,956,149.00 to 2,820,566,746.96, a decline of approximately 17.5%[12] - The company's total liabilities decreased to CNY 2,842,947,880.36 in Q3 2024 from CNY 3,446,126,499.85 in Q3 2023, a reduction of 17.5%[15] - Shareholders' equity attributable to the parent company at the end of Q3 2024 was CNY 370,422,826.17, down 31.39% from the end of the previous year[3] - The total equity attributable to shareholders of the parent company decreased to CNY 370,422,826.17 in Q3 2024 from CNY 539,917,238.19 in Q3 2023, a decline of 31.3%[15] Cash Flow - Cash flow from operating activities for the year-to-date was -CNY 95,270,635.83, an improvement of 66.87% compared to the previous year[2] - The net cash flow from operating activities for the first three quarters of 2024 was -CNY 95,270,635.83, an improvement from -CNY 287,558,440.20 in the previous year[17] - Cash inflows from operating activities of CNY 1,025,943,555.24, a decrease of 39.4% compared to CNY 1,692,348,618.60 in the same period of 2023[17] - Cash outflows for purchasing goods and services amounted to CNY 727,159,750.26, down 53.0% from CNY 1,548,523,277.86 in the first three quarters of 2023[17] - The company experienced a net decrease in cash and cash equivalents of -CNY 96,866,321.12, an improvement from -CNY 199,199,665.09 in the previous year[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 19,177[8] - The largest shareholder, Tibet Xinhai New Venture Investment Co., Ltd., holds 146,114,350 shares, accounting for 29.8% of total shares[8] Inventory and Receivables - Accounts receivable decreased from 685,510,430.93 to 582,525,511.06, a reduction of about 15.1%[11] - Inventory decreased from 795,943,984.04 to 654,597,493.66, a decline of approximately 17.7%[12] Investment and Financing Activities - The company recorded cash inflows from investment activities of CNY 37,838,774.04, an increase of 9.0% compared to CNY 34,586,042.32 in the same period of 2023[18] - Cash outflows for the acquisition of fixed assets and intangible assets were CNY 4,634,609.21, significantly lower than CNY 33,397,808.08 in the previous year[18] - The company received CNY 573,590,000.00 in cash from borrowings, a decrease of 9.0% from CNY 630,300,000.00 in the same period of 2023[18] - Cash outflows for debt repayment totaled CNY 587,380,000.00, an increase of 12.7% compared to CNY 521,250,000.00 in the previous year[18] - The net cash flow from financing activities was -CNY 34,820,447.16, a decline from CNY 87,168,666.62 in the same period of 2023[18] Operational Challenges - The company experienced a significant decrease in operating revenue due to a slowdown in industry procurement demand and fewer new projects[6] - The company reported an operating loss of CNY -199,920,498.03 for the first three quarters of 2024, compared to an operating profit of CNY -88,845,035.43 in the same period of 2023[15]