BOCO(SH:600289)2023-11-01 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 -¥28,850,643.66, with a year-to-date net profit of -¥124,030,811.91, indicating a significant decline[5]. - The basic earnings per share for Q3 2023 was -¥1.2106, compared to -¥1.3609 for the same period last year[6]. - The weighted average return on net assets decreased by 71.5737 percentage points in Q3 2023, reflecting a challenging financial environment[6]. - The company reported a significant reduction in employee compensation liabilities, decreasing from RMB 54,218,206.31 to RMB 27,524,225.89, a drop of approximately 49.3%[20]. - Net loss attributable to shareholders of the parent company for Q3 2023 was ¥858.80 million, compared to a net loss of ¥148.60 million in Q3 2022, representing a significant increase in losses[25]. - The total comprehensive loss for Q3 2023 was ¥859.07 million, compared to a loss of ¥148.82 million in Q3 2022[25]. Assets and Liabilities - Total assets at the end of the reporting period 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 compared to the end of the previous year[6]. - Total liabilities as of Q3 2023 amounted to ¥1.17 billion, an increase from ¥741.57 million in the previous year[24]. - The total current liabilities decreased to RMB 464,241,564.10 from RMB 580,324,479.01, indicating a decrease of around 20%[20]. Cash Flow - The cash flow from operating activities was -¥66,710,196.64, indicating negative cash flow for the period[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]. Operational Focus - The company plans to focus on reducing management and sales expenses to improve profitability in the upcoming quarters[11]. - The company has received a total of 794 civil lawsuits related to securities false statements, with a total claim amount of RMB 31,173.87 million[16]. - The company is pursuing recovery of RMB 29,254.25 million from its controlling shareholder due to a judicial seizure, with RMB 15,480.06 million already compensated[15]. - The company’s controlling shareholder has committed to repurchase shares within 36 months post-restructuring, but this plan is currently at risk due to the inability to provide a standard audit opinion[16]. Inventory and Receivables - Accounts receivable decreased to RMB 98,324,916.30 from RMB 143,382,660.24, a reduction of approximately 31.5%[19]. - The company’s inventory increased slightly to RMB 21,329,327.68 from RMB 20,460,518.25, reflecting a growth of about 4.2%[19]. Other Financial Metrics - Research and development expenses for Q3 2023 were ¥71.29 million, a decrease of 15.5% from ¥84.37 million in Q3 2022[24]. - The company reported a significant credit impairment loss of ¥742.00 million in Q3 2023, compared to a gain of ¥7.13 million in Q3 2022[24]. - The company did not apply new accounting standards or interpretations for the first time in 2023[30].