BSP(SZ:000761)2023-10-30 16:00Financial Performance - The operating revenue for Q3 2023 was ¥12,935,206,488.37, an increase of 0.87% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥240,873,918.19, a decrease of 70.61% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥327,965,565.22, down 61.46% from the previous year[5]. - The net profit for the reporting period was -1,213,226,403.48 yuan, compared to -240,290,731.25 yuan in the previous period, indicating a significant increase in losses[23]. - The company reported a total operating profit of -1,121,541,885.41 yuan, compared to -219,112,545.89 yuan in the previous period, indicating worsening operational performance[23]. - The company reported a net loss attributable to shareholders of ¥1.25 billion, compared to a loss of ¥257.93 million in the previous period[59]. - Basic and diluted earnings per share were both reported at -¥0.30, compared to -¥0.06 in the prior period[59]. Cash Flow and Financial Management - The cash flow from operating activities for the year-to-date was ¥4,852,722,148.25, an increase of 197.24% compared to the same period last year[5]. - Operating cash flow for the period was 4,852,722,148.25 yuan, a substantial increase from 1,632,616,396.48 yuan in the previous period[25]. - The total cash outflow from financing activities was 5,503,416,769.31 yuan, down from 7,934,398,362.42 yuan in the previous period, indicating reduced financing costs[25]. - The company incurred financial expenses of 219,890,704.76 yuan, a decrease from 410,126,779.02 yuan in the previous period, showing improved cost management[23]. - The cash paid for dividends and interest decreased by 92.89%, indicating a reduction in cash outflows for shareholder returns[41]. - The cash flow from tax refunds decreased by 56.54%, primarily due to a reduction in tax refunds received during the current period[41]. - The company received tax refunds amounting to 185,762,563.11 yuan, compared to 427,439,920.75 yuan in the previous period, reflecting a decrease in tax recovery[25]. Assets and Liabilities - Total assets at the end of the reporting period were ¥46,642,832,594.90, reflecting a 5.73% increase from the end of the previous year[5]. - Total assets increased to ¥46.64 billion, up from ¥44.11 billion, representing a growth of approximately 5.67%[57]. - Current assets totaled ¥14.85 billion, an increase from ¥13.16 billion, reflecting a growth of about 12.87%[57]. - Non-current assets totaled ¥31.80 billion, an increase from ¥30.96 billion, reflecting a growth of approximately 2.69%[57]. - The total equity attributable to shareholders decreased to ¥17,583,697,564.90, down 6.42% from the end of the previous year[5]. - The company’s total liabilities increased, with contract liabilities rising to ¥4.26 billion from ¥3.79 billion, an increase of about 12.36%[57]. Research and Development - Research and development expenses increased by 44.65% compared to the same period last year, indicating a focus on innovation[17]. - Research and development expenses increased to 51,673,280.38 yuan from 35,723,194.18 yuan, reflecting a growth of approximately 44.7% year-over-year[23]. Borrowings and Financing - The company reported a significant increase in short-term borrowings by 509.76%, primarily due to increased financing needs[17]. - Short-term borrowings rose significantly to ¥300 million from ¥49.2 million, an increase of over 508%[57]. Other Income and Expenses - Other income rose by 165.81%, suggesting improved performance in non-operating activities[17]. - The company experienced a 257.90% increase in non-operating expenses, mainly due to increased asset write-offs[17]. - The total assets impairment loss was 41,791,523.97 yuan, a significant increase from -72,880,991.53 yuan in the previous period[23]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 49,990[53]. - The largest shareholder, Benxi Steel (Group) Co., Ltd., holds 58.65% of the shares, while Ben Steel Group Co., Ltd. holds 17.95%[53]. - The company is in the process of planning a significant asset swap with Benxi Steel, which involves the exchange of 100% equity in Benxi Steel Mining Co., Ltd.[55]. Inventory and Cash Management - Cash and cash equivalents at the end of the period amounted to 1,394,073,264.38 yuan, up from 3,405,625,062.39 yuan at the beginning of the period[26]. - The company's cash and cash equivalents increased to approximately RMB 2.31 billion from RMB 1.46 billion at the beginning of the year[56]. - Inventory decreased to ¥7.90 billion from ¥8.46 billion, a decline of approximately 6.63%[57]. - The cash received from government subsidies increased by 34.37%, indicating a rise in financial support from the government[41]. - The net cash received from the disposal of fixed assets increased significantly by 615.20%, mainly due to an increase in the scrapping of non-current assets[41]. - The cash paid for the purchase of fixed assets increased by 34.04%, indicating higher capital expenditures during the current period[41].