BURTC(600861)2020-10-30 16:00Financial Performance - Net profit attributable to shareholders was CNY -105,562,465.30, representing a decline of 1,107.62% year-on-year[8]. - Operating revenue for the period was CNY 506,074,615.96, down 66.29% from CNY 1,501,228,387.22 in the same period last year[8]. - The company's net profit for the current period is RMB -110,962,584.26, a decrease of 885.66% compared to the same period last year, significantly affected by the COVID-19 pandemic[35]. - The total profit for the current period is RMB -112,344,217.34, a decrease of 518.28% compared to the same period last year, reflecting the adverse effects of the pandemic on the company's operations[35]. - The net profit attributable to minority shareholders for the current period is RMB -5,400,118.96, a decrease of 248.07% compared to the same period last year, also affected by the COVID-19 pandemic[36]. Revenue and Costs - The company's operating revenue for the current period is RMB 506,074,615.96, a decrease of 66.29% compared to the same period last year, primarily due to the implementation of the new revenue standard and the impact of COVID-19 on business operations[30]. - The operating cost for the current period is RMB 248,354,344.09, a decrease of 76.28% compared to the same period last year, influenced by the new revenue standard and reduced revenue due to the pandemic[31]. Cash Flow - Net cash flow from operating activities increased significantly to CNY 28,939,772.75, a rise of 773.30% compared to CNY 3,313,844.68 in the previous year[8]. - The net cash flow from investing activities for the current period is RMB 61,135,143.77, an increase of 219.82% compared to the same period last year, primarily due to the recovery of housing deposit payments and reduced payments for completed projects[36]. - The net cash flow from financing activities for the current period is RMB -124,365,386.86, a decrease of 89.61% compared to the same period last year, mainly due to reduced borrowings and previous investments from minority shareholders[37]. Shareholder Information - The total number of shareholders at the end of the reporting period was 15,970[13]. - The largest shareholder, Beijing State-owned Capital Management Center, held 34.23% of the shares[16]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,254,563,098.57, a decrease of 7.04% compared to the end of the previous year[8]. - Accounts receivable at the end of the period is RMB 16,996,935.51, a decrease of 30.33% compared to the end of last year, mainly due to the recovery of property fees and rents[26]. - Contract liabilities at the end of the period amount to RMB 140,726,054.72, a new item resulting from the implementation of the new revenue standard[30]. - The company has reclassified prepayments to contract liabilities amounting to RMB 145,980,596.69 due to the new revenue standard[26]. - Other receivables at the end of the period are RMB 9,160,284.99, a decrease of 89.96% compared to the end of last year, primarily due to the recovery of housing deposit payments[27]. - Deferred income at the end of the period is RMB 12,023,489.73, a decrease of 69.94% compared to the end of last year, influenced by changes in the recognition of customer reward points[30]. Earnings Per Share - Basic earnings per share were CNY -0.3332, a decrease of 1,106.65% compared to CNY 0.0331 in the same period last year[8]. - The weighted average return on equity was -4.61%, a decrease of 5.06 percentage points from 0.45% in the previous year[8]. Non-Operating Income - Non-operating income for the period amounted to CNY 3,964,331.89, compared to CNY 4,988,884.75 in the previous year[12]. - The company has seen a significant increase in other income, which is RMB 6,278,404.03, an increase of 85.32% compared to the same period last year, due to various subsidies received during the pandemic[31]. Future Outlook - The company warns that the cumulative net profit from the beginning of the year to the next reporting period may be a loss or show significant changes compared to the same period last year, primarily due to a sharp decline in customer traffic and sales in the trade industry caused by the COVID-19 pandemic[40].