BURTC(SH:600861)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥102,765,521.63, a decrease of 37.92% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2022 was -¥52,629,996.19, representing a decline of 318.38% year-over-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥52,907,465.85, down 321.68% from the previous year[6]. - The basic earnings per share for Q3 2022 was -¥0.1661, a decrease of 318.39% compared to the same period last year[6]. - Total operating revenue for the first three quarters of 2022 was CNY 375,911,899.89, a decrease of 28.6% compared to CNY 526,640,732.06 in the same period of 2021[30]. - The net profit for the first three quarters of 2022 was a loss of CNY 134,281,462.32, compared to a loss of CNY 27,326,553.38 in the same period of 2021[32]. - The net profit attributable to the parent company shareholders was -137,347,314.71 RMB, compared to -32,112,564.64 RMB in the same period last year, indicating a significant decline[37]. - The total comprehensive income amounted to -136,611,399.72 RMB, compared to -28,833,625.20 RMB in the previous year, reflecting a worsening financial position[37]. Assets and Liabilities - Total assets at the end of Q3 2022 were ¥2,898,428,023.95, a decrease of 3.07% from the end of the previous year[8]. - The equity attributable to shareholders decreased by 6.25% to ¥2,060,850,225.19 compared to the end of the previous year[8]. - Total assets as of September 30, 2022, were CNY 2,898,428,023.95, a decrease of 3.1% from CNY 2,990,302,300.94 at the end of 2021[30]. - Total liabilities increased to CNY 721,899,670.99, up 6.7% from CNY 676,718,548.26 at the end of 2021[30]. - The company's equity attributable to shareholders decreased to CNY 2,060,850,225.19, down 6.3% from CNY 2,198,197,539.90 at the end of 2021[30]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥33,236,829.91, a decline of 136.62% compared to the same period last year[6]. - Cash flow from operating activities decreased by 136.62% due to ongoing pandemic effects on commercial sales and tourism revenue[13]. - Cash flow from operating activities was -33,236,829.91 RMB, a stark contrast to 90,764,163.31 RMB in the same period last year, indicating a negative cash flow trend[42]. - Cash flow from investing activities resulted in a net outflow of -4,169,261.09 RMB, compared to -19,290,192.28 RMB in the previous year, showing a slight improvement[42]. - Cash flow from financing activities generated a net inflow of 69,844,931.88 RMB, contrasting with a net outflow of -185,056,680.29 RMB in the same period last year, indicating better financing conditions[42]. - The total cash and cash equivalents at the end of the period were 301,865,990.69 RMB, up from 266,534,827.41 RMB year-over-year, showing an increase in liquidity[42]. Operational Challenges - Operating profit declined by 360.75% as a result of reduced commercial sales and tourism revenue due to ongoing pandemic impacts[13]. - Net profit fell by 373.79%, influenced by decreased commercial sales and rental income reductions from policy implementations[13]. - The company reported a decrease in cash flow from operating activities, indicating potential challenges in liquidity management moving forward[30]. - The company received cash from sales of goods and services amounting to 408,064,843.21 RMB, down from 560,521,249.12 RMB in the previous year, indicating a decline in revenue generation[39]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,965[17]. - The largest shareholder, Beijing State-owned Capital Operation Management Co., Ltd., holds 34.23% of the shares[17]. Government Support and Restructuring - The company received government subsidies amounting to ¥383,257.80 during the reporting period, contributing to its non-recurring gains[8]. - The company plans to acquire 86% equity in Beijing Foreign Enterprise Human Resources Service Co., Ltd. through asset swaps and share issuance[20]. - The company received approval from the China Securities Regulatory Commission for significant asset restructuring and fundraising activities[20]. - The company is actively progressing with the implementation of the major asset restructuring following regulatory approval[21].