BOCO(SH:600289)2019-10-28 16:00Financial Performance - Operating revenue for the first nine months was ¥456,775,459.82, representing a decline of 36.32% compared to ¥717,307,428.40 in the same period last year[6]. - Total operating revenue for Q3 2019 was ¥123,298,825.49, a decrease from ¥230,528,168.58 in Q3 2018, representing a decline of approximately 46.5%[30]. - Total operating revenue for the first three quarters of 2019 was ¥456,775,459.82, down from ¥717,307,428.40 in the same period of 2018, a decline of about 36.3%[30]. - Operating revenue for Q3 2019 was approximately ¥70.04 million, a decrease from ¥170.95 million in Q3 2018, representing a decline of about 59%[35]. - Total profit (loss) for Q3 2019 was -¥55,375,324.94, an improvement from -¥77,015,283.50 in Q3 2018, marking a reduction in losses of approximately 28.1%[31]. - Net profit attributable to shareholders was -¥170,202,182.92, showing a significant improvement from -¥458,135,808.53 year-on-year[6]. - Net loss for Q3 2019 was ¥55,218,937.93, an improvement from a net loss of ¥76,729,651.95 in Q3 2018, reflecting a decrease in losses of approximately 28.1%[31]. - Total comprehensive loss for Q3 2019 was -¥55,218,937.93, compared to -¥76,729,651.95 in Q3 2018, indicating a decrease in comprehensive losses of approximately 28.1%[32]. Cash Flow - Cash flow from operating activities for the period was -¥164,202,482.63, slightly better than -¥177,893,216.17 in the previous year[6]. - Cash inflow from operating activities for the first three quarters of 2019 was approximately ¥588.56 million, compared to ¥816.51 million in the same period of 2018, a decrease of about 28%[38]. - Total cash inflow from operating activities was ¥410,094,991.87, down 53.8% from ¥888,909,404.05 in the previous year[41]. - Cash outflow from operating activities totaled ¥402,144,951.22, a reduction of 54.2% compared to ¥876,982,751.62 in 2018[41]. - The cash outflow from operating activities for the first three quarters of 2019 was approximately ¥752.76 million, compared to ¥994.40 million in the same period of 2018, a decrease of about 24%[38]. - Cash flow from financing activities resulted in a net outflow of -¥20,050,508.33, consistent with the previous year's outflow[42]. - The company reported a cash outflow of ¥183,134,000.57 related to other operating activities, down from ¥449,965,803.03 in the previous year[41]. Assets and Liabilities - Total assets decreased by 7.75% from the end of the previous year, amounting to ¥2,500,168,403.10[6]. - The total assets of the company as of September 30, 2019, were approximately ¥2.50 billion, down from ¥2.71 billion at the end of 2018, indicating a decrease of about 7.8%[22]. - Total liabilities reached ¥3,638,446,142.37, compared to ¥3,501,590,092.44 at the end of 2018, indicating an increase of about 3.91%[28]. - The company's total equity was reported at ¥725,839,667.91, up from ¥652,234,426.17 in the previous year, reflecting a growth of approximately 11.29%[28]. - The company reported a total equity of CNY -773,756,289.07, indicating a negative equity position[45]. - The company’s financial position reflects a significant reliance on non-current liabilities, which constitute about 85% of total liabilities[48]. Expenses - Sales expenses decreased by 45.69% to ¥64,754,776.49, reflecting a halt in new business investments to secure traditional business operations[12]. - Management expenses were reduced by 25.92% to ¥258,751,478.99 due to staff cuts and consolidation of unprofitable departments[12]. - Research and development expenses for Q3 2019 were ¥54,098,537.01, slightly up from ¥53,788,766.85 in Q3 2018, indicating a year-over-year increase of about 0.6%[30]. - Selling expenses for the first three quarters of 2019 were approximately ¥29.51 million, down from ¥82.69 million in the same period of 2018, a decrease of about 64%[35]. Strategic Initiatives - The company is focusing on developing new profit growth points through new businesses and technologies, particularly in the traditional communication industry, leveraging SDN/NFV technologies and AI for next-generation network operations[14]. - The company has launched several new products, including OneITOM and AI intelligent early warning systems, aimed at enhancing operational efficiency and fault management[15]. - The company is actively participating in the planning of the next-generation network management pilot project for China Mobile, contributing to the development of OSS 4.0 standards[15]. - The company faced a significant impact on revenue due to multiple bank accounts being frozen, affecting new project signings in key industries[11]. - The company is currently in the process of filing claims with the bankruptcy administrator of Yiyang Group to resolve related issues during its bankruptcy restructuring[13]. - The company is cooperating with the China Securities Regulatory Commission in an ongoing investigation regarding suspected violations of information disclosure laws[16]. Shareholder Information - The total number of shareholders was 37,111, with the largest shareholder holding 32.89% of the shares[9].