BNMC(SH:601011)2020-10-26 16:00Financial Performance - Net profit attributable to shareholders was CNY 13.51 million, down 80.07% year-on-year[7]. - Operating revenue for the first nine months was CNY 1.74 billion, representing an 18.58% decrease compared to the same period last year[7]. - Basic earnings per share were CNY 0.0084, down 80.05% compared to the same period last year[8]. - The company reported a decrease in net profit after deducting non-recurring gains and losses, amounting to CNY 1.64 million, down 95.76% year-on-year[7]. - Net profit attributable to shareholders decreased by 80.07% year-on-year, primarily due to a significant decline in sales volume and prices of major products[12]. - The net profit for Q3 2020 was CNY 48,861,159.22, a decrease of 1,890,709.79 compared to the same period last year[26]. - The total profit for Q3 2020 was CNY 65,073,371.44, reflecting an increase of 3,552,910.48 compared to the previous year[26]. Cash Flow - Net cash flow from operating activities was CNY 164.37 million, a decline of 53.50% year-on-year[7]. - Cash flow from operating activities for the first nine months of 2020 was CNY 164,373,493.38, down from CNY 353,484,448.59 in the same period of 2019[29]. - The company reported a decrease in cash inflow from operating activities, totaling CNY 1,609,843,065.63 for the first nine months of 2020, down from CNY 2,207,755,392.64 in 2019[28]. - The net cash flow from operating activities for Q3 2020 was ¥94,715,466.16, a decrease of 69.3% compared to ¥308,502,687.56 in Q3 2019[31]. - The net cash flow from financing activities was CNY 42,459,241.19 in the first nine months of 2020, a significant improvement from a net outflow of CNY 313,929,339.92 in 2019[29]. Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 10.83 billion, a decrease of 0.03% compared to the end of the previous year[7]. - Total liabilities decreased to ¥3,968,770,295.34 from ¥3,986,778,936.51 year-over-year[16]. - Current liabilities totaled ¥3,031,099,503.99, down 9.27% from ¥3,341,112,062.14 in the previous year[16]. - Non-current liabilities increased to ¥937,670,791.35 from ¥645,666,874.37, reflecting a rise of 45.06%[16]. - The company reported a total asset value of ¥10,831,778,554.56 as of Q3 2020[34]. - The total owner's equity attributable to shareholders was ¥5,840,631,582.77, reflecting the company's financial health[39]. Shareholder Information - The total number of shareholders is 95,065[10]. - The largest shareholder, Heilongjiang Baotailong Group, holds 457,177,693 shares, accounting for 28.49% of total shares[10]. Expenses - Sales expenses increased by 97.37% year-on-year, mainly due to changes in railway freight costs resulting from variations in sales volume[12]. - R&D expenses increased by 34.78% year-on-year, reflecting increased spending on downstream applications of graphene[12]. - Research and development expenses for Q3 2020 were 907,619.98 RMB, a decrease from 2,145,869.81 RMB in Q3 2019, showing a reduction of approximately 57.7%[25]. Accounting Changes - The company executed the new revenue accounting standards starting January 1, 2020, impacting the financial reporting framework[40].