BNMC(SH:601011)2023-10-27 16:00Financial Performance - The company's revenue for Q3 2023 was ¥893,272,946.11, representing a year-over-year increase of 19.08%[4] - The net profit attributable to shareholders for Q3 2023 was -¥78,220,779.92, a decrease of 1,018.86% compared to the same period last year[4] - The basic earnings per share for Q3 2023 was -¥0.041, reflecting a decline of 1,125.00% year-over-year[4] - The net profit attributable to shareholders decreased by 116.3 million yuan compared to the same period last year, primarily due to a decrease in gross profit from the decline in sales price of焦油 by 132 yuan/ton[10] - The net profit for Q3 2023 was -26,944,096.36 RMB, compared to a net profit of 91,090,114.77 RMB in Q3 2022, representing a significant decline[23] - Operating profit for Q3 2023 was -29,022,620.45 RMB, down from 129,976,011.11 RMB in the same period last year[23] - The company reported a total comprehensive income of -29,322,959.67 RMB for Q3 2023, compared to 85,501,097.87 RMB in Q3 2022[24] - The total profit for Q3 2023 was -33,273,755.65 RMB, compared to a profit of 121,864,008.62 RMB in Q3 2022[23] - The company reported a decrease in net profit attributable to shareholders for the year-to-date period of -120.08% compared to the same period last year[9] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥738,441,516.12, showing a significant increase of 1,470.92%[4] - The net cash flow from operating activities for Q3 2023 was 738,441,516.12 RMB, a substantial increase from 47,006,868.86 RMB in Q3 2022[28] - Cash flow from operating activities increased to CNY 3,038,768,414.05 in the first three quarters of 2023, up from CNY 2,458,036,330.74 in 2022, marking an increase of 23.6%[36] - Cash flow from investment activities was negative at -$457,412,937.78, compared to -$513,141,642.29 in Q3 2022, indicating an improvement of about 11%[37] - Cash flow from operating activities outpaced cash outflow from financing activities, resulting in a net cash flow decrease of $306,619,889.29 in Q3 2023[37] Assets and Liabilities - Total assets at the end of Q3 2023 amounted to ¥13,595,324,527.84, an increase of 1.51% from the end of the previous year[5] - Total current assets as of September 30, 2023, were CNY 1,715,797,279.95, down from CNY 2,146,971,779.88 at the end of 2022, representing a decline of about 20%[18] - Total liabilities increased to CNY 5,241,846,973.13 from CNY 5,017,242,313.44, reflecting a rise of approximately 4.5%[19] - Non-current assets totaled CNY 11,879,527,247.89, up from CNY 11,246,497,665.71, indicating an increase of about 5.6%[18] - The total equity decreased to CNY 7,277,195,088.98 as of September 30, 2023, from CNY 7,372,128,856.22 at the end of 2022, a decline of 1.29%[32] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 87,577[13] - The largest shareholder, 宝泰隆集团有限公司, holds 445,891,693 shares, accounting for 23.28% of total shares[13] Research and Development - Research and development expenses increased to 291.39 million yuan due to the addition of new product development projects[11] - Research and development expenses for Q3 2023 were 5,897,464.01 RMB, compared to 1,506,804.05 RMB in Q3 2022, indicating a focus on innovation[23] - Research and development expenses for the first three quarters of 2023 were CNY 3,404,410.84, significantly higher than CNY 1,203,797.81 in the same period of 2022, indicating an increase of 183.5%[33] Market Strategy - The company plans to continue focusing on expanding its market presence and enhancing product offerings in the upcoming quarters[9] Financial Position - The company recognized an asset impairment loss of 4,284.73 million yuan, mainly due to an increase in inventory impairment provision of 16.03 million yuan[11] - The average selling price of coke decreased by ¥697 per ton compared to the same period last year, impacting gross profit negatively[9] - The company experienced a reduction in interest income by ¥11,780,000 during the reporting period[9] - The company incurred financial expenses of 79,550,317.14 RMB in Q3 2023, up from 61,887,555.31 RMB in Q3 2022[23] - The company’s short-term borrowings increased by 35.37 million yuan due to new bank loans taken during the period[10]