BHCC(SH:600800)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥1,018,359,182.90, a decrease of 16.04% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥128,261,914.50, with a year-to-date net profit of -¥394,457,840.20, indicating significant losses[5]. - The basic and diluted earnings per share for the quarter were both -¥0.11, with a year-to-date figure of -¥0.33[6]. - Total operating revenue for the first three quarters of 2023 was ¥2,452,365,655.77, a decrease of 24.3% compared to ¥3,241,223,359.12 in the same period of 2022[22]. - Net loss for the third quarter of 2023 was ¥394,457,840.20, compared to a net loss of ¥277,223,310.71 in the same quarter of 2022, representing a 42.3% increase in losses[23]. - The total comprehensive loss for the third quarter of 2023 was ¥394,652,075.75, compared to a loss of ¥277,666,940.76 in the same quarter of 2022[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,128,866,578.69, a decrease of 14.43% from the end of the previous year[6]. - The company's current assets totaled RMB 1,645,028,793.28, down from RMB 2,265,212,940.86 at the end of 2022, indicating a decrease of about 27.4%[18]. - The company's long-term assets totaled RMB 2,483,837,785.41, a slight decrease from RMB 2,559,945,778.62 at the end of 2022, reflecting a decline of about 3.0%[18]. - The company's total liabilities decreased to ¥1,609,187,785.13 in Q3 2023 from ¥1,915,250,064.86 in Q3 2022, a reduction of 15.9%[20]. - The total equity attributable to shareholders was ¥2,519,678,793.56, down 13.4% from ¥2,909,908,654.62 in the previous year[20]. Cash Flow - The cash flow from operating activities for the year-to-date was -¥322,226,870.07, reflecting a decline of 163.96%[10]. - The company's cash flow statement for the first three quarters of 2023 indicates ongoing liquidity challenges, with net cash flows from operating activities remaining under scrutiny[25]. - Cash inflow from operating activities for the first three quarters of 2023 was approximately $2.95 billion, down from $3.85 billion in the same period of 2022, representing a decrease of about 23.4%[27]. - Net cash flow from operating activities for Q3 2023 was -$322.23 million, compared to a positive cash flow of $503.77 million in Q3 2022, indicating a significant decline[28]. - The ending balance of cash and cash equivalents as of Q3 2023 was approximately $784.83 million, down from $1.11 billion at the end of Q3 2022[29]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,954[12]. - The first major shareholder, Tianjin Bohai Chemical Group, holds 32.99% of the shares, while the second major shareholder, Tianjin Global Magnetic Card Group, holds 8.89%[13]. - The company has a total of 10 major shareholders, with the top five holding a combined 63.88% of the shares[13]. Operational Insights - The company experienced a decline in the selling price of its products, which contributed to the decrease in cash flow from operating activities[10]. - The company has not reported any new product developments or market expansion strategies in this quarter[4]. - Research and development expenses for the first three quarters of 2023 were ¥137,342,297.94, slightly up from ¥135,369,425.87 in the same period of 2022[22]. Borrowings and Investments - Short-term borrowings decreased to RMB 597,618,734.50 from RMB 960,489,315.76, a reduction of about 37.6%[18]. - The company reported a significant increase in long-term borrowings, rising to ¥241,990,000.00 in Q3 2023 from ¥76,000,000.00 in Q3 2022[20]. - The company reported an investment cash outflow of approximately $12.26 million in Q3 2023, down from $111.31 million in Q3 2022, indicating a reduction of about 89%[28].