BYE(SH:603861)2020-10-29 16:00Financial Performance - Operating revenue for the first nine months was ¥1,949,819,892.97, representing a year-on-year increase of 13.55%[6] - Net profit attributable to shareholders was a loss of ¥69,087,124.80, a decrease of 231.22% compared to the same period last year[6] - Basic earnings per share for the third quarter were -¥0.1536, a decrease of 229.18% compared to the same period last year[7] - The company reported a net loss attributable to shareholders, primarily due to the impact of the pandemic and slow cash recovery from long settlement periods with customers[15] - Total operating revenue for Q3 2020 reached ¥732,731,370.79, an increase of 6.7% compared to ¥685,965,517.46 in Q3 2019[27] - Net profit for Q3 2020 was a loss of ¥5,705,599.07, compared to a profit of ¥1,683,219.27 in Q3 2019[28] - The total comprehensive income for Q3 2020 was ¥26.00 million, compared to a loss of ¥76.58 million in Q3 2019, showing a positive shift in overall financial performance[30] Cash Flow - The net cash flow from operating activities for the first nine months was -¥324,410,930.59, a decline of 179.22% year-on-year[6] - The company's operating cash flow net amount was negative at -¥324,410,930.59, reflecting longer customer sales cycles and increased prepayments[14] - Cash flow from operating activities for the first nine months of 2020 was CNY 1,966,103,297.26, slightly up from CNY 1,959,798,547.36 in the same period of 2019[35] - Cash flow from investing activities showed a net inflow of CNY 13,018,709.62 in Q3 2020, compared to a net outflow of CNY 180,865,811.30 in Q3 2019[36] - Cash flow from financing activities resulted in a net outflow of CNY 171,550,464.30 in Q3 2020, contrasting with a net inflow of CNY 116,393,165.85 in Q3 2019[37] Assets and Liabilities - Total assets at the end of the reporting period reached ¥6,960,080,975.19, an increase of 2.29% compared to the end of the previous year[6] - Total liabilities increased to ¥4,255,045,719.69 from ¥4,014,741,385.97, reflecting a growth of about 6.0%[20] - Current liabilities totaled ¥3,102,937,681.61, up from ¥2,732,914,367.86, indicating an increase of around 13.5%[20] - Shareholders' equity decreased to ¥2,705,035,255.50 from ¥2,789,242,236.39, indicating a decline of approximately 3.0%[21] - The total assets as of Q3 2020 were ¥5,727,863,336.90, a decrease from ¥5,782,400,685.87 in the previous year[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 16,357[9] - The top three shareholders, each holding 72,003,672 shares, represent 16.30% of the total shares[9] - The total number of convertible bond holders was 13,246, with the largest holder owning 84,292,000 bonds, accounting for 9.58%[11] Expenses - Management expenses rose by 38.40% to ¥118,870,442.16, mainly due to increased personnel compensation and stock incentive costs[14] - Financial expenses surged by 121.17% to ¥67,757,631.02, driven by increased interest accruals from convertible bonds[14] - Research and development expenses for Q3 2020 amounted to ¥25,084,969.76, slightly down from ¥27,654,342.74 in Q3 2019[28] Investment and Growth - The company has secured contracts worth ¥10.185 billion, with a delivery period of three years, indicating a strong order backlog[15] - Investment income increased by 86.26% to ¥28,988,223.71, due to higher returns from financial investments and copper futures[14] - The company plans to actively expand its market presence while striving to reduce operational costs and improve efficiency[15] - The company plans to continue focusing on market expansion and product development to enhance future growth prospects[30]