BEZ(SH:600658)2025-10-30 11:55Financial Performance - The company's operating revenue for the third quarter was CNY 246,145,699.92, representing a year-on-year increase of 0.62%[4] - The total profit for the period was a loss of CNY 226,749,119.13, with a year-to-date loss of CNY 390,882,304.92[4] - The net profit attributable to shareholders was a loss of CNY 226,847,675.76 for the quarter, and a loss of CNY 376,619,733.25 year-to-date[4] - The basic and diluted earnings per share for the quarter were both -CNY 0.20, compared to -CNY 0.34 in the same period last year[5] - The year-to-date operating revenue decline of 46.71% was primarily due to the cyclical nature of project development and market conditions in the real estate sector[8] - Total operating revenue for the first three quarters of 2025 was ¥819.36 million, a decrease of 46.6% compared to ¥1,537.55 million in the same period of 2024[19] - Net profit for the first three quarters of 2025 was a loss of ¥376.89 million, an improvement from a loss of ¥491.91 million in 2024, indicating a 23.3% reduction in losses[20] - The total comprehensive income for the first three quarters of 2025 was a loss of ¥265.64 million, an improvement from a loss of ¥525.49 million in 2024[20] - The net loss for the first three quarters of 2025 was ¥39,747,650.47, compared to a net loss of ¥72,166,966.97 in the same period of 2024, indicating an improvement in financial performance[26] Cash Flow - The cash flow from operating activities for the quarter was CNY 134,558,804.42, showing a significant improvement compared to the previous year[4] - Operating cash flow for the first three quarters of 2025 was positive at ¥104.65 million, compared to a negative cash flow of ¥756.56 million in 2024[21] - Cash inflow from operating activities for the first three quarters of 2025 was $442.79 million, a decrease of 15.5% compared to $524.40 million in the same period of 2024[29] - Net cash flow from operating activities was -$193.93 million in 2025, improving from -$433.17 million in 2024[29] - Cash inflow from investment activities totaled $154.12 million in 2025, down from $580.34 million in 2024, representing a decline of 73%[29] - Net cash flow from investment activities was $84.72 million in 2025, compared to $378.96 million in 2024, indicating a significant decrease of 77.7%[29] - Cash inflow from financing activities was $2.08 billion in 2025, an increase of 98.1% from $1.05 billion in 2024[29] - Net cash flow from financing activities was -$162.78 million in 2025, slightly improved from -$192.74 million in 2024[29] - The ending cash and cash equivalents balance for 2025 was $707.28 million, up from $558.73 million in 2024[30] - The net increase in cash and cash equivalents was -$271.98 million in 2025, compared to -$246.95 million in 2024[30] Assets and Liabilities - Total assets at the end of the quarter were CNY 16,801,598,165.86, a decrease of 1.70% from the previous year[5] - The equity attributable to shareholders decreased by 4.57% year-on-year, amounting to CNY 5,544,331,884.40[5] - The company's total current assets as of September 30, 2025, amounted to 8.84 billion RMB, a decrease from 9.59 billion RMB at the end of 2024[15] - The company's total liabilities as of September 30, 2025, were 10.91 billion RMB, slightly down from 10.93 billion RMB at the end of 2024[17] - The company's inventory stood at 6.23 billion RMB as of September 30, 2025, down from 6.76 billion RMB at the end of 2024[15] - Total assets as of September 30, 2025, amounted to ¥10,966,311,915.65, slightly down from ¥11,026,201,808.91 at the end of 2024[24] - Current liabilities increased to ¥5,095,830,234.73 as of September 30, 2025, compared to ¥3,690,880,109.56 at the end of 2024, reflecting a rise of approximately 38.1%[24] - The total equity increased to ¥4,656,603,032.60 as of September 30, 2025, compared to ¥4,559,716,174.60 at the end of 2024, showing a growth of approximately 2.1%[25] Investments and Expenses - Non-recurring gains and losses for the quarter totaled CNY 2,499,379.16, with significant contributions from government subsidies and debt restructuring gains[7] - The company reported a significant increase in research and development expenses, rising to ¥21.90 million in 2025 from ¥16.96 million in 2024, a growth of 29.0%[19] - The company's financial expenses increased to ¥13,542,432.18 in the first three quarters of 2025, up from ¥8,121,529.69 in the same period of 2024, reflecting a rise of approximately 66.5%[26] - The investment loss for the first three quarters of 2025 was ¥16,119,482.06, compared to a gain of ¥6,790,716.01 in the same period of 2024, indicating a significant decline in investment performance[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 46,537[12] - For the period from January to September, the company signed sales contracts for an area of 31,799.11 square meters, with a total contract value of 203.95 million RMB[14] - As of the end of September, the company generated rental income of 269.37 million RMB from leased and cooperatively operated park projects, covering an area of 394,627.10 square meters[14] - The company has no new land reserves added during the reporting period[14] Accounting Standards - The company has not adopted new accounting standards for the year 2025[31]