BJBASHI(SH:600386)2020-10-28 16:00Financial Performance - Operating revenue for the first nine months was CNY 3,074,928,342.78, down 18.63% year-on-year[6] - Net profit attributable to shareholders was CNY 24,897,078.12, a decrease of 63.81% compared to the same period last year[6] - Total operating revenue for Q3 2020 was approximately ¥1.24 billion, a decrease of 5.2% compared to ¥1.31 billion in Q3 2019[31] - The total profit for Q3 2020 was approximately ¥62.95 million, up 54.5% from ¥40.72 million in Q3 2019[32] - The total profit for the first three quarters of 2020 was approximately ¥69.92 million, down 46.9% from ¥131.35 million in the first three quarters of 2019[32] - The company recorded a net profit attributable to shareholders of approximately ¥30.71 million in Q3 2020, compared to ¥15.56 million in Q3 2019, representing a growth of 96.9%[32] - The net profit for Q3 2020 was CNY 77,946,028.72, an increase from CNY 42,557,533.65 in Q3 2019, representing an increase of 83.3% year-over-year[35] - The total comprehensive income for the first three quarters of 2020 was CNY 87,596,773.72, compared to CNY 42,142,831.15 in the same period of 2019, indicating a growth of 107.5%[36] Assets and Liabilities - Total assets decreased by 8.30% to CNY 4,548,632,681.81 compared to the end of the previous year[6] - Total liabilities decreased from CNY 3,089,167,650.50 in December 2019 to CNY 2,683,230,697.86 by September 30, 2020, representing a reduction of approximately 13.1%[24] - Total assets decreased from CNY 2,578,854,427.71 in December 2019 to CNY 2,211,929,833.46 by September 30, 2020, a decline of about 14.2%[28] - Current assets decreased from CNY 1,281,464,341.53 in December 2019 to CNY 968,329,288.35 by September 30, 2020, a drop of approximately 24.4%[27] - Non-current assets decreased from CNY 1,297,390,086.18 in December 2019 to CNY 1,243,600,545.11 by September 30, 2020, a decline of about 4.2%[27] - Total liabilities were CNY 3,089,167,650.50, remaining stable compared to the previous year[46] - The company's equity totaled CNY 1,871,000,292.01, consistent with the previous year's figures[46] Cash Flow - Cash flow from operating activities decreased by 12.64% to CNY 240,464,838.48 year-to-date[6] - Cash received from other financing activities decreased by 94.90% to ¥8,550,000.00, primarily due to reduced financing lease receipts from a subsidiary[21] - The net cash flow from investing activities was CNY 21,572,137.49 for the first nine months of 2020, a significant improvement from a negative CNY 302,280,915.41 in the same period of 2019[39] - The net cash flow from financing activities was negative CNY 478,740,249.77 in Q3 2020, compared to negative CNY 125,834,194.35 in Q3 2019, indicating increased cash outflows[40] - The company’s cash and cash equivalents at the end of Q3 2020 stood at CNY 568,132,177.88, down from CNY 822,593,949.39 at the end of Q3 2019, a decrease of 30.9%[40] - Cash inflow from investment activities totaled CNY 476,042,450.02, a rise of 17.2% compared to CNY 406,102,513.85 in 2019[41] Shareholder Information - The number of shareholders reached 29,133 at the end of the reporting period[9] - The largest shareholder, Beijing Public Transport Holdings (Group) Co., Ltd., holds 55.00% of the shares[9] Other Financial Metrics - The weighted average return on equity fell by 2.38 percentage points to 1.41%[6] - Other income increased by 205.32% to ¥3,339,517.19, primarily due to the refund of previously paid cultural construction fees impacted by the pandemic[16] - Investment income rose by 73.51% to ¥1,425,073.29, attributed to increased investment returns[16] - Credit impairment losses decreased significantly by 3662.79% to -¥5,122,988.14, mainly due to increased credit impairment losses from a subsidiary[19] - Cash paid to employees decreased by 37.17% to ¥192,044,152.94, mainly due to payments from a subsidiary in the previous year[18] - Cash received from investment income surged by 18336.34% to ¥151,425,073.29, primarily from profit distribution from a subsidiary[21] - Cash paid for the acquisition of fixed assets decreased by 76.91% to ¥69,387,435.76, mainly due to reduced projects from a subsidiary[21] Future Outlook - The company anticipates a potential decline in cumulative net profit compared to the previous year due to the impact of COVID-19 on its advertising and automotive sales businesses[20] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[42]