BVEA(SH:600379)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥362,221,325.27, representing a year-on-year increase of 23.08%[3] - Net profit attributable to shareholders for Q3 2023 was ¥24,371,249.87, up 49.49% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was ¥23,377,890.28, reflecting a 56.01% increase year-on-year[3] - Basic earnings per share for Q3 2023 were ¥0.0738, an increase of 49.39% compared to the same period last year[3] - Operating profit for Q3 2023 was ¥63,408,263.37, up 42.8% from ¥44,387,998.46 in Q3 2022[18] - Net profit attributable to shareholders of the parent company for Q3 2023 was ¥56,493,988.25, representing a 41.5% increase from ¥39,916,526.34 in Q3 2022[18] - Total operating revenue for the first three quarters of 2023 reached ¥1,145,503,740.88, a significant increase of 27.6% compared to ¥897,893,353.98 in the same period of 2022[17] - The company's total operating costs for the first three quarters of 2023 were ¥1,075,253,270.66, an increase of 26.4% from ¥851,083,982.81 in the same period of 2022[17] Assets and Liabilities - The total assets at the end of Q3 2023 were ¥1,413,403,079.27, a decrease of 5.90% from the end of the previous year[5] - The equity attributable to shareholders at the end of Q3 2023 was ¥689,981,234.58, an increase of 6.25% compared to the end of the previous year[5] - The company's total liabilities decreased to ¥693,953,408.75 in Q3 2023 from ¥824,493,610.68 in Q3 2022, a reduction of approximately 15.8%[17] - The total number of ordinary shareholders at the end of the reporting period was 25,639[10] - The company's current assets totaled CNY 1,182,215,094.42, down from CNY 1,258,593,348.39 at the end of 2022, indicating a decrease of about 6.0%[15] - Accounts receivable increased significantly to CNY 465,944,258.62 from CNY 226,536,443.33, marking an increase of about 106.6%[14] - The total cash outflow for financing activities in the first three quarters of 2023 was CNY 26,022,293.24, down from CNY 111,318,438.98 in the same period of 2022, indicating a significant reduction of approximately 76.7%[21] Cash Flow - The net cash flow from operating activities for the year-to-date period was -¥19,185,378.24, a decline of 128.35% year-on-year[3] - The company reported a significant drop in cash flow from operating activities, which is a critical indicator of financial health[13] - The cash flow from operating activities was negatively impacted, resulting in a net cash decrease of CNY 42,921,131.86 in the first three quarters of 2023, compared to a net increase of CNY 12,257,525.57 in the same period of 2022[21] - In the first three quarters of 2023, the cash inflow from operating activities was CNY 870,531,586.78, compared to CNY 557,010,505.60 in the same period of 2022, representing an increase of approximately 56.2%[20] - The net cash flow from investing activities was -CNY 3,155,891.85 in the first three quarters of 2023, compared to -CNY 4,732,141.67 in the same period of 2022, showing an improvement[21] - The ending cash and cash equivalents balance as of September 30, 2023, was CNY 364,686,543.66, compared to CNY 292,598,679.03 at the end of the same period in 2022, reflecting an increase of approximately 24.6%[21] Shareholder Information - The company’s major shareholders include Shaanxi Baoguang Group Co., Ltd., holding 26.96% of shares, and Tibet Fenghong Investment Management Co., Ltd., holding 14.19%[12] Research and Development - Research and development expenses for the first three quarters of 2023 were ¥36,250,209.07, an increase of 15.5% from ¥31,312,613.24 in the same period of 2022[18] Management and Strategy - The company has not appointed a new general manager following the resignation of the previous one, which may impact operational continuity[13] - The company is focusing on expanding its market presence and developing new technologies, although specific figures were not disclosed in the report[13]