BHAS(SH:600960)2020-10-30 16:00Financial Performance - Operating revenue for the year-to-date was ¥3,328,433,317.66, representing a decrease of 7.88% year-on-year[8] - Net profit attributable to shareholders was ¥4,554,370.97, down 36.43% from the previous year[8] - The company reported a net loss attributable to shareholders of ¥20,371,380.12 for the period[8] - Basic and diluted earnings per share were both ¥0.0048, reflecting a decrease of 36% year-on-year[9] - The total profit for the period was RMB -16,607,988.92, a decrease of 161.4% compared to RMB 27,029,909.08 in the previous year, mainly due to losses from subsidiaries Kereshi, Bohai Microfinance, and Bohai International[17] - The net profit for the first three quarters of 2020 was CNY 33,417,115.53, a decrease from CNY 32,219,493.06 in the same period of 2019[30] - The net profit for Q3 2020 was a loss of ¥12,154,293.45, compared to a loss of ¥15,502,714.64 in Q3 2019, indicating an improvement of about 21.1%[38] - The total comprehensive income for Q3 2020 was a loss of ¥53,998,738.84, compared to a loss of ¥167,090,139.44 in Q3 2019, reflecting a significant reduction in losses by approximately 67.7%[38] Cash Flow - The net cash flow from operating activities was ¥47,566,819.35, a significant decline of 83.51% compared to the same period last year[8] - The company reported a net cash flow from operating activities of RMB 47,566,819.35, a decrease of 83.51% compared to the previous year, primarily due to extended customer payment terms influenced by the pandemic[17] - The cash inflow from operating activities for the first three quarters of 2020 was ¥3,107,991,880.76, down from ¥4,231,087,084.38 in the same period of 2019, a decrease of about 26.5%[39] - The cash outflow for purchasing goods and services in the first three quarters of 2020 was ¥2,179,089,980.93, compared to ¥3,070,025,995.84 in 2019, showing a decrease of approximately 29.0%[39] - In Q3 2020, the net cash flow from operating activities was -¥92,426,326.36, a decrease from ¥63,847,613.18 in Q3 2019[42] - The total cash outflow from operating activities was ¥169,469,300.16, which is a substantial increase from ¥70,984,102.50 in the previous year[42] - The cash inflow from operating activities totaled ¥77,042,973.80, down from ¥134,831,715.68 in Q3 2019[42] - The net increase in cash and cash equivalents for Q3 2020 was -¥13,372,492.17, a significant improvement from -¥419,173,512.82 in Q3 2019[43] Assets and Liabilities - Total assets at the end of the reporting period reached ¥9,065,329,288.82, an increase of 1.93% compared to the end of the previous year[8] - As of September 30, 2020, the company's total assets amounted to approximately CNY 9.07 billion, an increase from CNY 8.89 billion as of December 31, 2019[24] - The company's cash and cash equivalents were CNY 1.72 billion, down from CNY 1.85 billion at the end of 2019, reflecting a decrease of about 6.5%[24] - The total current liabilities increased to CNY 2.40 billion from CNY 1.43 billion, representing a significant rise of approximately 67%[26] - The company’s total liabilities reached CNY 3.97 billion, up from CNY 3.78 billion, reflecting an increase of about 5.5%[26] - The company’s total equity decreased slightly to CNY 5.09 billion from CNY 5.12 billion, a decline of about 0.6%[26] Shareholder Information - The total number of shareholders at the end of the reporting period was 36,009[13] - The largest shareholder, Beijing Haina Chuan Automotive Parts Co., Ltd., held 23.04% of the shares[13] - The second-largest shareholder, Beijing Automotive Group Co., Ltd., owned 21.71% of the shares[13] Investment and Financing Activities - The company’s investment income showed a significant loss of RMB -31,611,134.72, attributed to increased losses from investments in Kereshi and Bohai[17] - The company’s long-term borrowings decreased significantly by 87.45% to RMB 113,845,400.96 due to reclassification of long-term loans[16] - The company plans to repurpose RMB 47,834.09 million of remaining fundraising for the "25,000 sets of cylinder and cylinder head project" and "forward-looking technology research center project" to repay part of the bank loans for acquiring 75% equity of BTAH[19] - The company received ¥270,000,000.00 in borrowings during the financing activities, a decrease from ¥665,000,000.00 in the same period last year[43] Research and Development - R&D expenses for Q3 2020 amounted to $31.25 million, an increase from $25.01 million in Q3 2019, reflecting a growth of 25% year-over-year[31] - The company's research and development expenses were not explicitly detailed in the provided data, indicating a potential area for further inquiry[37]