BOCO(SH:600289)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥40,649,670.19, representing an increase of 18.78% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was -¥763,967,315.58, with a year-to-date net profit of -¥858,795,358.59, indicating significant losses[5]. - The basic earnings per share for Q3 2023 was -¥1.2106, a decrease from -¥1.3609 year-to-date[6]. - The weighted average return on equity decreased by 71.5737 percentage points for Q3 2023, compared to a decrease of 74.7928 percentage points year-to-date[6]. - Net loss for the third quarter of 2023 was ¥859.07 million, compared to a net loss of ¥148.82 million in the same quarter of 2022, representing a significant increase in losses[25]. - Basic and diluted earnings per share for the third quarter of 2023 were both -¥1.3609, compared to -¥0.2355 in the same quarter of 2022[26]. - Total equity attributable to shareholders of the parent company was ¥633.69 million, a decrease from ¥1.40 billion in the same period of 2022[24]. Assets and Liabilities - Total assets at the end of Q3 2023 were ¥1,797,146,872.52, down 15.92% from the end of the previous year[6]. - The equity attributable to shareholders decreased by 54.78% to ¥633,694,613.44 at the end of Q3 2023[6]. - Total liabilities as of the end of the third quarter of 2023 were ¥1.17 billion, an increase from ¥741.57 million at the end of the same period in 2022[24]. - The company’s current liabilities total RMB 464,241,564.10, down from RMB 580,324,479.01, a decrease of approximately 20%[20]. Cash Flow - The cash flow from operating activities for the year-to-date was -¥66,710,196.64, indicating negative cash flow[6]. - Cash inflow from operating activities for the first three quarters of 2023 was ¥279.95 million, a decrease of 33.9% from ¥423.51 million in the same period of 2022[27]. - The net cash flow from operating activities for Q3 2023 was -$66.71 million, compared to -$90.76 million in Q3 2022, showing an improvement of approximately 26.5% year-over-year[28]. - Total cash outflow from operating activities was $346.66 million, down from $514.28 million in the same quarter last year, indicating a reduction of about 32.5%[28]. - The net cash flow from investing activities was -$4.08 million, compared to -$6.82 million in Q3 2022, reflecting a year-over-year improvement of approximately 40.0%[28]. - Cash outflow from financing activities was $6.62 million, significantly lower than $69.01 million in Q3 2022, indicating a decrease of approximately 90.4%[28]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 631,052,069[13]. - The largest shareholder, Yiyang Group Co., Ltd., holds 207,573,483 shares, representing 32.89% of total shares[13]. Legal and Compliance Issues - The company has received civil lawsuits from 794 investors, with a total claim amount of RMB 31,173.87 million[16]. - The company has incurred a new fund occupation of RMB 1,998 million due to compensation related to a legal case[15]. - The company has not received repayment for claims against Yiyang Group, with a total of RMB 40,119.94 million remaining under a performance guarantee[15]. - The company has a commitment from its controlling shareholder, Yiyang Group, to repurchase shares within 36 months, but there is a risk of non-fulfillment due to the lack of a standard audit report[16]. Operational Efficiency - The company plans to focus on reducing management and sales expenses to improve profitability in the future[11]. - Total operating revenue for the first three quarters of 2023 was ¥140.16 million, a decrease of 16.6% compared to ¥168.01 million in the same period of 2022[23]. - Total operating costs for the first three quarters of 2023 were ¥259.00 million, down 19.8% from ¥322.85 million in the same period of 2022[23]. - The company reported a significant increase in credit impairment losses, amounting to -¥742.00 million in the third quarter of 2023, compared to a gain of ¥7.13 million in the same quarter of 2022[24]. - The company has not reported any new product launches or market expansions during this quarter[25]. Cash and Cash Equivalents - The company's cash and cash equivalents decreased to RMB 1,196,768,337.49 from RMB 1,450,730,813.41, a decline of approximately 17.5%[19]. - The ending balance of cash and cash equivalents was $480.81 million, slightly down from $484.04 million at the end of Q3 2022[28]. - The net increase in cash and cash equivalents for the quarter was -$77.40 million, compared to -$166.48 million in the same quarter last year, showing an improvement of about 53.6%[28]. Accounting Standards - The company has not adopted new accounting standards or interpretations for the year 2023[30].