BBMG(SH:601992)2023-10-27 16:00Financial Performance - Q3 2023 operating revenue was approximately ¥23.46 billion, a decrease of 4.42% year-on-year[3] - Net profit attributable to shareholders was a loss of ¥399.45 million, representing a decline of 180.90% compared to the same period last year[3] - The net profit after deducting non-recurring gains and losses was a loss of ¥462.54 million, a decrease of 197.52% year-on-year[3] - Total revenue for the first three quarters of 2023 was CNY 72,595,439,481.75, a decrease of 8.4% compared to CNY 79,575,999,015.14 in the same period of 2022[19] - The net profit attributable to shareholders of the parent company for the first three quarters of 2023 was 10.61 million RMB, down from 2.33 billion RMB in the same period of 2022, indicating a significant decrease of approximately 99.5%[20] - The total comprehensive income for the first three quarters of 2023 was -460.70 million RMB, compared to 2.88 billion RMB in the same period of 2022, reflecting a substantial decline[21] - Operating profit for the first three quarters of 2023 was not explicitly stated but showed a significant loss compared to the previous year, which was 3.32 billion RMB[20] - The total profit for the first three quarters of 2023 was not explicitly stated but showed a loss compared to 4.45 billion RMB in the same period of 2022[20] Cash Flow - Cash flow from operating activities for the year-to-date was approximately ¥8.99 billion, down 31.30% compared to the previous year[4] - Net cash flow from operating activities decreased by 31.3% due to a reduction in operating inflows[10] - Cash inflow from operating activities totaled 83.55 billion RMB for the first three quarters of 2023, compared to 87.80 billion RMB in the same period of 2022, showing a decrease of about 4.0%[22] - The net cash flow from operating activities for the first three quarters of 2023 was approximately ¥8.996 billion, a decrease of 31.9% compared to ¥13.095 billion in the same period of 2022[23] - Cash inflow from investment activities was approximately ¥5.238 billion, down from ¥6.351 billion in the previous year, marking a decline of 17.5%[23] - The net cash flow from investment activities was approximately ¥1.510 billion, a significant improvement from a negative cash flow of ¥4.627 billion in the same period of 2022[23] - Cash inflow from financing activities totaled approximately ¥59.258 billion, an increase of 17.4% compared to ¥50.434 billion in the previous year[23] - The net cash flow from financing activities was negative at approximately ¥4.608 billion, an improvement from a negative cash flow of ¥8.687 billion in the same period of 2022[23] Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥282.60 billion, an increase of 0.39% from the end of the previous year[4] - The company's total assets as of September 30, 2023, amounted to CNY 282,603,967,390.09, compared to CNY 281,520,054,328.32 at the end of 2022, showing a slight increase[18] - The total liabilities as of September 30, 2023, were CNY 188,139,954,093.92, up from CNY 186,624,115,819.93 at the end of 2022, indicating a rise of 0.8%[17] - The total liabilities decreased to approximately ¥80.405 billion from ¥90.531 billion at the end of 2022, reflecting a reduction of 11.8%[25] - The company's total equity increased to ¥62,314,711,147.01 as of September 30, 2023, up from ¥52,300,212,779.65 at the end of 2022[26] Shareholder Information - Shareholders' equity attributable to the parent company was approximately ¥72.31 billion, up 13.64% year-on-year[4] - Total number of ordinary shareholders at the end of the reporting period was 117,415[11] - The largest shareholder, Beijing State-owned Capital Operation Management Co., Ltd., holds 4,797,357,572 shares, accounting for 44.93%[11] Expenses and Investments - Research and development expenses increased to CNY 475,976,199.08 in 2023 from CNY 423,209,477.17 in 2022, representing a growth of 12.5%[19] - Investment income decreased by 34.5% primarily due to a decline in joint venture investment income[10] - The company reported a decrease in tax and additional charges to CNY 591,355,484.84 from CNY 1,112,557,252.18, a reduction of 46.9%[19] - The company reported a decrease in financial expenses to ¥484,159,649.05 in the first three quarters of 2023, down from ¥659,712,506.53 in the same period of 2022[27] Receivables and Payables - Accounts receivable increased by 37.2%, primarily due to some customers not yet reaching the settlement period[8] - Other receivables increased to ¥9,719,336,501.48 from ¥7,357,457,848.35 year-on-year[14] - The accounts payable decreased to CNY 18,277,565,325.90 from CNY 19,027,359,975.08, reflecting a decline of 3.9%[17]