BNMC(SH:601011)2022-10-27 16:00Financial Performance - The company's revenue for Q3 2022 was ¥750,120,876.43, a decrease of 25.92% compared to the same period last year[4] - Net profit attributable to shareholders was ¥8,512,832.13, down 79.85% year-on-year[4] - The basic earnings per share for the period was ¥0.004, reflecting an 86.67% decline compared to the previous year[5] - The weighted average return on equity was 0.110%, a decrease of 83.58% from the same period last year[5] - Operating profit for the first three quarters of 2022 was ¥129,976,011.11, a decrease of 18.9% from ¥160,214,588.98 in the previous year[21] - The company reported a net profit of ¥91,090,114.77 for the first three quarters of 2022, down from ¥107,524,859.68 in the same period of 2021, reflecting a decline of 15.3%[21] - Net profit for Q3 2022 was approximately ¥91.09 million, a decrease from ¥107.52 million in Q3 2021, representing a decline of about 15.5%[22] - Total comprehensive income for Q3 2022 was approximately ¥85.50 million, down from ¥110.47 million in Q3 2021, indicating a decrease of around 22.6%[22] Cash Flow - Cash flow from operating activities for the year-to-date was ¥47,006,868.86, down 87.87% compared to the previous year[4] - Cash flow from operating activities decreased by 87.87% year-on-year, with cash received increasing by 232.8 million yuan and cash costs rising by 573.26 million yuan[9] - Cash inflow from operating activities for the first nine months of 2022 was approximately ¥2.69 billion, an increase from ¥2.45 billion in the same period of 2021, showing a growth of about 9.5%[26] - Net cash flow from operating activities decreased to CNY 52,849,574.05 in 2022 from CNY 409,196,142.44 in 2021, indicating a decline of about 87.1%[38] - Cash inflow from financing activities was CNY 1,803,600,565.17, compared to CNY 971,818,678.73 in the previous year, indicating a growth of about 85.5%[38] Assets and Liabilities - Total assets at the end of the reporting period were ¥13,002,624,054.43, a slight increase of 0.09% from the end of the previous year[5] - Total assets as of the end of Q3 2022 amounted to ¥13,002,624,054.43, compared to ¥11,980,360,457.19 at the end of Q3 2021, representing a growth of 8.5%[18] - Total liabilities decreased to ¥4,665,272,981.52 in Q3 2022 from ¥4,948,946,223.84 in Q3 2021, indicating a reduction of 5.7%[18] - The company's equity attributable to shareholders increased to ¥7,668,893,434.70 in Q3 2022, up from ¥6,350,714,450.44 in Q3 2021, marking a growth of 20.8%[18] - Total liabilities for Q3 2022 were ¥3,372,281,578.11, a decrease from ¥3,486,825,274.06 in Q3 2021[31] Inventory and Receivables - The company reported a 65.21% decrease in notes receivable compared to the end of the previous year, primarily due to reduced use of bank acceptance bills for payments[8] - Inventory increased by 37.41% compared to the end of the previous year, attributed to rising prices of raw materials[8] - The company experienced a significant increase in prepayments by 43.83% due to higher prices of raw materials[8] - The company’s inventory as of September 30, 2022, was approximately ¥1.36 billion, up from ¥1.03 billion at the end of 2021, reflecting an increase of about 31.5%[29] Research and Development - Research and development expenses decreased by 84.45% year-on-year, attributed to the impact of the pandemic and the scheduling of R&D projects[9] - Research and development expenses for the first three quarters of 2022 were ¥1,506,804.05, significantly lower than ¥9,689,111.63 in the same period of 2021, indicating a decrease of 84.5%[21] - Research and development expenses for the first three quarters of 2022 were ¥1,203,797.81, down 26.0% from ¥1,619,453.71 in the same period of 2021[33] Other Income and Expenses - Other income increased by 75.97% year-on-year, mainly due to government grants received for bond financing amounting to 5 million yuan, which did not occur in the same period last year[9] - Investment income showed a 344% increase in losses compared to the same period last year, primarily due to increased cumulative losses from associated companies[9] - The company reported a financial expense of ¥16,710,505.78 in Q3 2022, a decrease from ¥57,282,477.08 in Q3 2021[33] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters to drive future growth[21]