BTH(SH:600640)2020-10-30 16:00Financial Performance - Net profit attributable to shareholders was CNY -157,934,473.65, representing a decline of 278.94% year-on-year[22] - Operating revenue for the period was CNY 2,533,235,182.64, down 10.13% from the same period last year[22] - Basic earnings per share were CNY -0.1985, a decrease of 278.99% year-on-year[24] - The weighted average return on net assets was -3.55%, a decrease of 5.63 percentage points compared to the previous year[24] - The company achieved operating revenue of RMB 2.533 billion in Q3 2020, with a net profit attributable to the parent company of -RMB 158 million, a decrease of RMB 246 million year-on-year[41] - The company’s total revenue for the first three quarters of 2020 was approximately ¥2.53 billion, down from ¥2.82 billion in the same period of 2019[65] - The net profit for Q3 2020 was a loss of CNY 34,359,782.42, worsening from a loss of CNY 13,291,844.23 in Q3 2019, with a total net loss for the first three quarters of 2020 amounting to CNY 83,441,206.94, compared to a loss of CNY 33,257,386.95 in the same period of 2019[78] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,488,215,391.39, a decrease of 4.90% compared to the end of the previous year[22] - Total assets decreased from ¥6,822,754,890.76 to ¥6,488,215,391.39, a decline of approximately 4.9%[53] - Non-current assets increased from ¥1,685,832,300.79 to ¥2,742,259,105.84, representing a growth of about 62.7%[53] - Current liabilities decreased from ¥1,539,344,055.26 to ¥1,483,802,880.97, a reduction of approximately 3.6%[53] - Total liabilities decreased from ¥1,777,467,820.84 to ¥1,636,381,911.18, a decline of about 7.9%[55] - Shareholders' equity decreased from ¥5,045,287,069.92 to ¥4,851,833,480.21, a decrease of approximately 3.8%[55] Cash Flow - The net cash flow from operating activities was CNY -120,546,446.72, an improvement of 56.03% compared to the previous year[22] - The company reported a cash flow from operating activities net loss of CNY 120,546,446.72 in the first three quarters of 2020, an improvement from a loss of CNY 274,152,678.37 in the same period of 2019[82] - The company generated CNY 4,030,590,018.22 in cash inflows from operating activities, compared to CNY 3,959,860,797.88 in the same period of 2019[82] - Cash and cash equivalents decreased by RMB 1.804 billion (-52.91%) compared to the beginning of the period, primarily due to investments in bank wealth management products[40] - Cash and cash equivalents at the end of the period stood at 9,808,846.76 RMB, down from 26,003,623.40 RMB at the end of the same period last year[89] Revenue and Expenses - The company reported a significant increase in research and development expenses, rising by 50.41% to RMB 94.26 million in Q3 2020[38] - Total operating costs for Q3 2020 were approximately ¥1.18 billion, up 37% from ¥856.48 million in Q3 2019[65] - The company incurred sales expenses of approximately ¥36.87 million in Q3 2020, an increase from ¥19.16 million in Q3 2019[68] - The company’s management expenses decreased to approximately ¥67.77 million in Q3 2020 from ¥95.16 million in Q3 2019[68] - Total operating costs for Q3 2020 were CNY 17,905,864.22, compared to CNY 674,641.42 in Q3 2019, indicating a substantial increase in operational expenses[77] Shareholder Information - The company reported a total of 31,688 shareholders at the end of the reporting period[30] - The largest shareholder, China Telecom Group Co., Ltd., held 51.16% of the shares[30] Government Support - Government subsidies recognized during the period amounted to CNY 12,219,088.74, supporting the company's transformation and upgrade[24] Investment Activities - The company’s investment activities generated a net cash flow of -RMB 2.202 billion, an increase of 74.75% year-on-year[41] - The company recorded investment income of approximately ¥18.91 million in Q3 2020, significantly up from ¥2.00 million in Q3 2019[68] - The company received 222,000,000.00 RMB from the recovery of investments, up from 135,000,000.00 RMB in the same period last year[89]