BNMC(SH:601011)2025-10-24 09:05Financial Performance - The company's operating revenue for the third quarter was ¥121,977,457.36, a decrease of 61.54% compared to the same period last year[4]. - The total profit for the period was -¥66,253,819.76, with a year-to-date profit of ¥16,975,251.29, indicating a significant change in profitability[4]. - The net profit attributable to shareholders was -¥48,527,846.95 for the quarter, while the year-to-date figure was ¥50,355,684.62[4]. - The company reported a net cash flow from operating activities of ¥57,493,254.72 year-to-date, down 81.72% compared to the previous year[4]. - Net profit attributable to shareholders decreased by 1.58 billion yuan compared to the same period last year[10]. - Operating cash flow decreased by 81.72% year-on-year, primarily due to a reduction in operating income[10]. - Basic earnings per share turned from negative to positive, consistent with the change in total profit[10]. - The company reported a net profit of CNY 14,502,647.83, compared to a net loss of CNY 292,361,950.98 in the previous year[20]. - Operating profit for the current period was CNY 56,206,002.03, a significant improvement from a loss of CNY 357,955,439.43 in the previous year[20]. - The company achieved a total comprehensive income of CNY 16,896,600.70, compared to a total comprehensive loss of CNY 292,705,162.89 in the prior year[21]. - The net profit for the first three quarters of 2025 was CNY 76,311,129.65, recovering from a net loss of CNY 186,412,736.47 in the same period of 2024[31]. Assets and Liabilities - Total assets at the end of the reporting period were ¥11,643,411,436.65, a decrease of 2.33% from the previous year[5]. - The equity attributable to shareholders decreased by 0.33% to ¥5,759,162,744.89 compared to the end of the previous year[5]. - As of September 30, 2025, the company's total assets amounted to CNY 11,643,411,436.65, down from CNY 11,921,314,828.59 at the end of 2024, indicating a decrease of about 2.3%[18]. - The company's total liabilities increased, with borrowings of CNY 1,267,980,000.00 in the current period compared to CNY 498,600,000.00 in the previous year[24]. - The total liabilities as of September 30, 2025, were CNY 4,403,095,702.89, compared to CNY 4,298,614,741.95 at the end of 2024[27]. - The company's total equity as of September 30, 2025, was CNY 5,802,391,838.22, compared to CNY 5,718,618,948.42 at the end of 2024[27]. Revenue and Costs - The company experienced a significant decline in revenue due to the shutdown of coke oven equipment for maintenance, resulting in a loss of income from coke and chemical products[9]. - Sales costs decreased by 63.20% year-on-year, attributed to the suspension of production and a decline in sales volume[11]. - Investment income increased by 2.17 billion yuan year-on-year, mainly from the sale of a 55% stake in a subsidiary[11]. - Operating expenses increased by 926.05% year-on-year, primarily due to tax penalties incurred[11]. - Total operating revenue for the first three quarters of 2025 was CNY 622,822,128.67, down from CNY 1,370,140,779.69 in the same period of 2024, representing a decrease of approximately 54.5%[23]. Cash Flow - Cash flow from financing activities decreased by 1.22 billion yuan year-on-year, mainly due to lower debt repayments compared to the previous year[11]. - Cash flow from operating activities generated a net cash inflow of CNY 57,493,254.72, down from CNY 314,437,379.49 in the previous year[24]. - The company received CNY 210 million from the disposal of subsidiaries and other business units, contributing to the positive cash flow from investment activities[34]. - Cash inflow from financing activities reached CNY 1.38 billion, up from CNY 538.14 million in the previous year, primarily due to increased borrowings[34]. - Net cash flow from operating activities was negative CNY 26.05 million, a significant decline from a positive CNY 620.03 million in the previous year[34]. Management and Strategy - Management expenses were reduced by ¥790 million due to enhanced cost control measures[9]. - The company has completed a comprehensive overhaul of its coke oven, with plans to monitor market conditions before resuming production to stabilize cash flow[15]. - The company is facing a cost inversion in coke and its by-products due to pressures from both upstream coal and downstream steel industries, prompting a focus on cost reduction strategies[15]. - The company will continue to monitor the coke market and strategically time the resumption of production to ensure operational efficiency[15]. Research and Development - The company incurred research and development expenses of CNY 6,762,618.83, compared to CNY 11,320,264.98 in the previous year, indicating a reduction of approximately 40.5%[20]. - The company's research and development expenses were CNY 3,358,786.93 in the first three quarters of 2024, with no reported R&D expenses in 2025[30]. Other Financial Metrics - The company received government subsidies amounting to ¥760,000.00 during the reporting period, contributing to its financial performance[7]. - The company reported a tax expense of CNY 2,472,603.46, contrasting with a tax benefit of CNY 69,029,522.46 in the previous year[20]. - Basic and diluted earnings per share were both CNY 0.026, compared to a loss per share of CNY 0.143 in the previous year[21].