BLEST(SH:603959)2025-10-30 10:30Financial Performance - The company's operating revenue for the third quarter was ¥100,817,169.08, a decrease of 53.22% compared to the same period last year[4] - The total profit for the third quarter was -¥70,934,086.28, down 69.99% year-on-year[4] - The net profit attributable to shareholders was -¥63,299,876.38, reflecting a decline of 75.45% compared to the previous year[4] - The basic earnings per share for the third quarter was -¥0.13, a decrease of 61.38% year-on-year[5] - The company reported a net loss of CNY 806,474,181.51 for the first three quarters of 2025, compared to a net loss of CNY 691,075,989.19 in the same period of 2024[18] - The net profit attributable to the parent company for the first three quarters of 2025 was a loss of CNY 115,398,192.32, compared to a loss of CNY 170,233,912.02 in the same period of 2024, indicating an improvement of about 32%[21] - The total comprehensive income for the first three quarters of 2025 was a loss of CNY 118,981,053.70, compared to a loss of CNY 179,354,337.01 in the same period of 2024, reflecting an improvement of approximately 34%[21] - The company reported a basic and diluted earnings per share of CNY -0.24 for the first three quarters of 2025, an improvement from CNY -0.35 in the same period of 2024[21] Cash Flow and Liquidity - The cash flow from operating activities showed a net outflow of -¥47,978,101.81, which is a 49.64% increase in outflow compared to the beginning of the year[5] - The net cash flow from operating activities for the first three quarters of 2025 was a negative CNY 47,978,101.81, compared to a negative CNY 95,270,635.83 in the same period of 2024, showing a reduction in cash outflow by approximately 50%[25] - The company ended the first three quarters of 2025 with cash and cash equivalents of CNY 69,737,341.92, compared to CNY 40,970,566.87 at the end of the same period in 2024, indicating an increase in liquidity[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,490,212,238.49, down 11.62% from the end of the previous year[5] - Current assets as of September 30, 2025, totaled CNY 1,872,752,649.95, down from CNY 2,155,963,222.29 at the end of 2024, representing a decline of 13.1%[16] - The company's total assets as of September 30, 2025, were CNY 2,490,212,238.49, down from CNY 2,817,617,437.15, indicating a decrease of 11.6%[17] - Total liabilities decreased to CNY 2,444,338,107.00 from CNY 2,659,683,533.55, a decline of 8.1%[18] - The equity attributable to shareholders decreased by 82.93% to ¥23,753,983.84 compared to the end of the previous year[5] - The company's equity attributable to shareholders decreased to CNY 23,753,983.84 from CNY 139,177,676.16, a significant drop of 83.0%[18] Operating Costs and Expenses - Total operating costs for the first three quarters of 2025 were CNY 651,997,271.24, a decrease from CNY 929,804,061.97 in the same period of 2024, representing a reduction of approximately 30%[20] - The company reported a significant increase in asset impairment losses, up 163.85% year-to-date, primarily due to the recovery of old accounts[10] - The company experienced a 3125.26% increase in non-operating expenses year-to-date, mainly due to litigation compensation related to the Hongma project[10] - The company’s research and development expenses for the first three quarters of 2025 were CNY 43,447,093.69, down from CNY 68,241,022.90 in the same period of 2024, a decrease of about 36%[20] Revenue Trends - Total revenue for the first three quarters of 2025 was CNY 615,631,524.78, a decrease of 20.7% compared to CNY 776,542,020.18 in the same period of 2024[19] - The company’s total revenue from sales of goods and services for the first three quarters of 2025 was CNY 219,577,286.95, a significant decline from CNY 931,567,276.98 in the same period of 2024, representing a decrease of approximately 76%[25] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 48,949[12] - Short-term borrowings slightly increased to CNY 568,190,398.97 from CNY 566,094,394.59, a marginal rise of 0.4%[18]