BOCO(SH:600289)2020-10-30 16:00Financial Performance - Operating revenue for the first nine months was CNY 281,468,869.58, a decrease of 38.38% year-on-year[7] - Net profit attributable to shareholders was a loss of CNY 143,697,902.23, improving from a loss of CNY 170,202,182.92 in the same period last year[7] - The weighted average return on equity was -0.2206%[7] - The company reported a net cash flow from operating activities of -CNY 83,706,203.81 for the first nine months[7] - The company reported a net loss for the first three quarters of 2020, with total revenue of ¥281,468,869.58, down 38.4% from ¥456,775,459.82 in the same period of 2019[25] - The total comprehensive income for Q3 2020 was -¥25,446,176.59, an improvement from -¥55,218,937.93 in the same quarter of the previous year[27] - The net profit for Q3 2020 was -11,062,368.65 CNY, compared to -1,407,483.07 CNY in Q3 2019, indicating a significant decline in profitability[30] Assets and Liabilities - Total assets decreased by 8.87% to CNY 2,192,904,854.05 compared to the end of the previous year[7] - Total liabilities decreased to ¥1,617,289,485.82 from ¥1,687,197,140.40, indicating improved financial stability[19] - The company's total assets decreased to ¥2,192,904,854.05 from ¥2,406,342,115.43, reflecting a contraction in the asset base[19] - Total current assets decreased to ¥1,736,329,576.09 from ¥1,922,603,776.87, indicating a decline in liquidity[17] - Total liabilities amounted to CNY 1,880,314,138.94, with current liabilities at CNY 705,176,003.60 and non-current liabilities at CNY 1,175,138,135.34[44] - The company’s total non-current liabilities included estimated liabilities of CNY 1,175,138,135.34, indicating long-term financial commitments[44] Shareholder Information - Net assets attributable to shareholders decreased by 19.80% to CNY 580,017,294.91 compared to the end of the previous year[7] - The total number of shareholders at the end of the reporting period was 28,502[12] - The largest shareholder, Yiyang Group, held 32.89% of the shares, with 64,459,419 shares frozen[12] Cash Flow and Investments - The company reported an investment cash outflow of 6,727,790.79 CNY in the first three quarters of 2020, compared to 1,273,375.71 CNY in 2019, indicating increased investment activity[33] - The net cash flow from investing activities was negative at -¥543,302.87 for the first three quarters of 2020, compared to -¥531,343.86 in 2019, indicating continued investment in growth despite cash outflows[36] - Cash received from sales of goods and services in the first three quarters of 2020 was 299,379,544.19 CNY, compared to 582,644,477.84 CNY in 2019, representing a decline of about 48.7%[32] Operational Efficiency - Operating costs decreased by 49.97% to CNY 65,898,203.29, reflecting the drop in operating revenue[14] - The company incurred a total of 20,620,999.94 CNY in tax payments during the first three quarters of 2020, down from 42,068,494.76 CNY in 2019[33] - The cash flow from operating activities included 76,276,443.22 CNY received from other operating activities in the first three quarters of 2020, a significant increase from 3,185,717.51 CNY in 2019[32] Research and Development - Development expenses surged by 106.36% to ¥10,931,233.69 from ¥5,297,187.77 year-on-year, reflecting higher R&D investments[15] - Research and development expenses for Q3 2020 amounted to ¥23,449,553.27, a significant decrease of 56.6% compared to ¥54,098,537.01 in Q3 2019[25] - The company's R&D expenses in Q3 2020 were ¥5,679,036.76, down from ¥12,597,980.06 in Q3 2019, reflecting a 55.1% decrease[28] Inventory Management - The company reported a significant reduction in inventory to ¥145,877,220.44 from ¥157,863,278.67, suggesting improved inventory management[18] - The company’s total inventory as of September 30, 2020, was ¥131,734,349.32, a decrease of 10% from ¥146,158,835.49 at the end of 2019[22]