BEZ(SH:600658)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥316,590,405.31, representing a year-on-year increase of 20.34%[5]. - The net profit attributable to shareholders was a loss of ¥99,056,093.47, with a year-to-date decrease of 74.87% compared to the same period last year[5][9]. - The basic and diluted earnings per share for the year-to-date period were both -¥0.09, reflecting a decrease of 75.00%[6][9]. - Net profit for Q3 2023 was ¥31,985,059.44, down 41% from ¥54,309,114.27 in Q3 2022[20]. - The company reported a gross profit of ¥17,170,507.25 for Q3 2023, compared to ¥127,413,222.15 in Q3 2022, indicating a significant decline[20]. - Total operating revenue for the first three quarters of 2023 reached ¥2,557,193,188.18, an increase of 20% compared to ¥2,138,321,485.29 in the same period of 2022[19]. - Total operating costs for the first three quarters of 2023 were ¥2,540,022,680.93, up from ¥2,055,766,525.93 in 2022, reflecting a 24% increase[19]. - Operating profit for the first three quarters of 2023 was a loss of ¥111,825,384.32, compared to a loss of ¥60,646,207.10 in the previous year[29]. - Net profit for the first three quarters of 2023 was a loss of ¥84,055,361.43, worsening from a loss of ¥45,447,353.36 in the same period of 2022[29]. - The total comprehensive income for Q3 2023 was ¥95,515,627.21, compared to ¥60,438,648.56 in Q3 2022, reflecting a 58% increase[20]. - The total comprehensive income for the first three quarters of 2023 was a loss of ¥20,760,473.74, an improvement from a loss of ¥39,212,114.19 in the previous year[30]. Assets and Liabilities - The total assets at the end of the reporting period were ¥19,699,461,634.08, down 6.58% from the end of the previous year[6]. - The total liabilities decreased to CNY 5,238,971,157.18, down from CNY 10,499,834,497.53, indicating a reduction of approximately 50%[15]. - The total liabilities as of Q3 2023 amounted to ¥11,762,826,410.24, a decrease from ¥13,216,097,411.51 in the previous year[16]. - The total equity attributable to shareholders of the parent company was ¥7,549,765,771.56, slightly up from ¥7,526,421,540.75 in the same period last year[16]. - The company's total equity as of Q3 2023 was ¥4,807,410,928.95, compared to ¥4,887,456,410.08 in the same period of 2022[28]. - Total liabilities as of Q3 2023 were ¥6,050,573,816.18, down from ¥6,754,150,101.27 in Q3 2022[28]. - The company's long-term equity investments rose to CNY 817,315,503.15 from CNY 796,227,497.10, marking an increase of approximately 2.73%[15]. - The company's long-term equity investments increased slightly to 3,174,346,505.33 RMB from 3,163,847,601.75 RMB at the end of 2022[26]. Cash Flow - The cash flow from operating activities for the year-to-date period was -¥687,204,240.87, indicating significant cash outflow[6]. - Operating cash flow for the first three quarters of 2023 was negative at -687,204,240.87 RMB, an improvement from -922,316,888.67 RMB in the same period of 2022[22]. - Total cash inflow from operating activities decreased to 1,614,456,153.62 RMB, down 31.7% from 2,367,782,371.93 RMB year-on-year[22]. - Cash outflow from operating activities also decreased to 2,301,660,394.49 RMB, a reduction of 30.0% compared to 3,290,099,260.60 RMB in the previous year[22]. - Investment activities generated a net cash outflow of -142,076,918.22 RMB, worsening from -87,670,965.23 RMB in the same period last year[23]. - Financing activities resulted in a net cash outflow of -455,174,786.79 RMB, slightly worse than -424,809,157.78 RMB in the previous year[23]. - Cash and cash equivalents at the end of Q3 2023 stood at 1,515,281,332.74 RMB, down 28.6% from 2,124,593,884.65 RMB at the end of 2022[23]. - Total current assets decreased significantly to 2,938,276,530.98 RMB, down 51.2% from 6,023,419,415.77 RMB at the end of 2022[26]. - Cash and cash equivalents decreased by 1,284,456,340.20 RMB in the first three quarters of 2023, compared to a decrease of 1,434,784,619.73 RMB in the same period of 2022[23]. - The ending balance of cash and cash equivalents decreased to 642,156,590.16 RMB in 2023 from 1,019,594,452.12 RMB in 2022, a drop of approximately 37%[32]. Shareholder Information - The top shareholder, Beijing Electronics Holdings Co., Ltd., holds 45.49% of the shares, totaling 508,801,304 shares[11]. - The company reported no new land reserves during the reporting period[13]. - The company has not disclosed any new product developments or market expansion strategies in this report[4]. Expenses - Research and development expenses for the first three quarters of 2023 were ¥15,999,462.92, down from ¥19,180,906.92 in the same period of 2022, showing a 16% reduction[19]. - The company’s financial expenses increased to ¥229,341,790.63 in 2023 from ¥180,169,128.43 in 2022, marking a 27% rise[19]. - Financial expenses for the first three quarters of 2023 were ¥14,932,570.52, significantly higher than ¥6,583,200.04 in the previous year[29]. - The cash outflow for employee compensation increased to 90,490,426.38 RMB in 2023 from 61,254,179.27 RMB in 2022, representing a rise of approximately 48%[31]. - The company reported an increase in employee compensation payable to ¥25,892,758.47 from ¥22,047,648.48 in Q3 2022[28].