BHCC(SH:600800)2025-10-29 08:05Financial Performance - The company's operating revenue for the third quarter was ¥848,243,270.52, a decrease of 2.72% compared to the same period last year[4]. - The total profit for the quarter was -¥220,585,017.49, with a year-to-date total profit of -¥578,679,664.62[4]. - The net profit attributable to shareholders was -¥220,751,028.33 for the quarter, and -¥579,431,859.97 year-to-date[4]. - The basic earnings per share for the quarter was -¥0.20, and -¥0.52 year-to-date[5]. - The weighted average return on equity decreased to -16.68%, a drop of 5.5 percentage points compared to the previous year[5]. - The decline in profit was primarily attributed to a decrease in product prices and reduced sales volume[9]. - Total operating revenue for the first three quarters of 2025 was CNY 2,808,874,671.74, a decrease of 17% compared to CNY 3,377,035,640.94 in the same period of 2024[17]. - Net profit for the first three quarters of 2025 was a loss of CNY 579,431,736.26, compared to a loss of CNY 537,248,277.70 in the same period of 2024[18]. - The total comprehensive loss for the first three quarters of 2025 was CNY -579,552,331.24, compared to CNY -537,430,558.40 in 2024[19]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,941,480,213.91, reflecting a 0.97% increase from the end of the previous year[5]. - The equity attributable to shareholders decreased by 32.59% to ¥1,188,358,729.58 compared to the end of the previous year[5]. - The company's total liabilities increased to CNY 2,752,004,873.55 in 2025 from CNY 2,139,838,706.70 in 2024, reflecting a growth of approximately 28.6%[16]. - The company's total equity attributable to shareholders decreased to CNY 1,188,358,729.58 in 2025 from CNY 1,762,841,617.45 in 2024, a decline of approximately 32.5%[16]. Cash Flow - The cash flow from operating activities for the year-to-date was -¥413,489,404.56, indicating a decline due to reduced sales[4][9]. - Cash inflow from operating activities for the first three quarters of 2025 was CNY 3,454,039,501.50, down from CNY 3,996,787,235.37 in 2024, representing a decrease of about 13.6%[21]. - The net cash flow from operating activities was -413,489,404.56, compared to -171,850,206.89 in the previous period, indicating a decline in operational cash generation[22]. - The ending cash and cash equivalents balance decreased to 367,788,915.71 from 585,453,228.91, indicating a reduction in liquidity[23]. - The net increase in cash and cash equivalents was -326,879,510.19, compared to -92,912,517.01 in the previous period, reflecting overall cash depletion[22]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 43,789[11]. - The largest shareholder, Tianjin Bohai Chemical Group, holds 315,392,855 shares, representing 28.41% of total shares[11]. - The second largest shareholder, Tianjin Global Magnetic Card Group, holds 105,431,347 shares, representing 9.50% of total shares[11]. - The company has not reported any significant changes in shareholder relationships or participation in margin trading activities[12]. Investment and Expenses - Research and development expenses for the first three quarters of 2025 were CNY 109,663,197.68, a decrease of 14.4% from CNY 128,135,206.26 in 2024[17]. - Total cash outflow from investing activities was 460,967,745.59, significantly higher than 55,224,507.98 in the prior period, reflecting increased investment expenditures[22]. - Cash paid to employees was 87,665,448.66, an increase from 83,575,327.90, reflecting higher personnel costs[22]. - Cash paid for taxes was 15,169,572.98, down from 50,859,679.14, indicating a decrease in tax liabilities[22]. Borrowings and Financial Leverage - Short-term borrowings rose to ¥1,045,200,197.71 from ¥716,940,750.00[14]. - The company's long-term borrowings increased significantly to CNY 639,895,291.47 in 2025 from CNY 34,900,000.00 in 2024, indicating a substantial rise in financial leverage[16]. - The cash inflow from financing activities totaled 2,233,856,594.36, compared to 1,480,759,696.59 in the previous period, highlighting increased borrowing[22]. - The cash outflow for debt repayment was 1,572,113,803.85, up from 1,223,754,541.21, indicating higher debt servicing costs[22].