BLEST(SH:603959)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥553,492,359.66, representing a decrease of 38.68% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2023 was -¥52,456,624.21, a decline of 222.86% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was -¥64,640,709.05, down 260.26% from the previous year[5] - The basic earnings per share for Q3 2023 was -¥0.11, a decrease of 218.88% compared to the same period last year[6] - The weighted average return on equity for Q3 2023 was -8.29%, a decrease of 14.12 percentage points year-on-year[6] - Net profit for Q3 2023 was CNY 13,231,821.81, a significant decrease of 88.0% compared to CNY 110,718,234.50 in Q3 2022[20] - The company reported a total comprehensive income of CNY 12,670,821.81 for Q3 2023, down from CNY 111,678,234.51 in Q3 2022[21] - Basic and diluted earnings per share for Q3 2023 were CNY 0.03, down from CNY 0.21 in Q3 2022[21] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was -¥287,558,440.20, reflecting a decline of 277.25%[6] - Operating cash inflow for Q3 2023 was CNY 1,692,348,618.60, up from CNY 1,367,334,514.05 in Q3 2022, representing an increase of approximately 23.7%[24] - Net cash outflow from operating activities was CNY -287,558,440.20, compared to a net inflow of CNY 162,232,280.22 in the same period last year[24] - Cash inflow from investment activities totaled CNY 34,586,042.32, significantly higher than CNY 10,103,990.00 in Q3 2022[25] - Net cash outflow from investment activities was CNY -1,188,234.24, a recovery from a net outflow of CNY -78,232,902.42 in the previous year[25] - Cash inflow from financing activities was CNY 630,300,000.00, compared to CNY 549,150,000.00 in Q3 2022, marking an increase of approximately 14.8%[25] - Net cash outflow from financing activities was CNY -543,131,333.38, down from CNY -618,714,582.06 in the same quarter last year[25] - The ending cash and cash equivalents balance was CNY 131,420,479.40, a decrease from CNY 252,238,838.89 in Q3 2022[25] - The company experienced a net decrease in cash and cash equivalents of CNY -199,199,665.09 during the quarter[25] Assets and Liabilities - Total assets at the end of Q3 2023 were ¥4,371,792,300.31, an increase of 0.98% from the end of the previous year[6] - The total equity attributable to shareholders at the end of Q3 2023 was ¥673,106,191.29, up 2.09% from the previous year[6] - Total current assets increased to ¥3,464,056,642.08 from ¥3,422,184,729.82 year-over-year[16] - Total liabilities increased to ¥3,641,965,988.72 from ¥3,612,422,438.92 year-over-year[17] - Short-term borrowings increased to ¥655,240,000.00 from ¥547,690,000.00 year-over-year[17] - Contract liabilities increased to ¥802,829,322.98 from ¥496,615,406.76 year-over-year[17] - Non-current assets total is ¥907,735,658.23, slightly up from ¥907,393,198.89 year-over-year[16] - The company's total liabilities and equity amounted to CNY 4,371,792,300.31 as of Q3 2023, compared to CNY 4,329,577,928.71 in the previous year[18] - The total equity attributable to shareholders of the parent company was CNY 673,106,191.29 as of Q3 2023, an increase from CNY 659,347,346.11 in the previous year[18] Operational Insights - The company reported a significant increase in R&D expenses, contributing to the decline in net profit[9] - The company experienced a reduction in revenue due to decreased completion rates of large contract projects[9] - Research and development expenses increased to CNY 76,483,388.97 in the first three quarters of 2023, up 89.7% from CNY 40,314,274.39 in the same period of 2022[19] - The company experienced a significant increase in sales expenses, which rose to CNY 26,478,585.48 in the first three quarters of 2023, compared to CNY 18,079,253.67 in the same period of 2022[19] - The company reported a loss in investment income of CNY -707,452.13 for Q3 2023, contrasting with a gain of CNY 14,384,669.99 in Q3 2022[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 20,803[12] - The largest shareholder, Tibet Xinhai New Venture Investment Co., Ltd., holds 146,114,350 shares, representing 29.80% of total shares[12]