BJCA(SZ:300579) Xi Niu Cai Jing·2025-10-27 09:24Core Viewpoint - Beijing Digital Certification Co., Ltd. reported significant declines in revenue and net profit for the third quarter and the first three quarters of the year, indicating ongoing financial challenges for the company [2][3]. Financial Performance - For the third quarter, the company achieved revenue of 184 million yuan, a decrease of 30.58% year-on-year [3]. - The net profit attributable to shareholders was -24.07 million yuan, reflecting a year-on-year decline of 1238.74% [3]. - The net profit after deducting non-recurring gains and losses was -24.64 million yuan, down 5459.1% year-on-year [3]. - For the first three quarters, total revenue was 509 million yuan, a decline of 24.82% compared to the same period last year [2]. - The net profit attributable to shareholders for the first three quarters was -114.2 million yuan, a decrease of 321.65% year-on-year [2]. Cash Flow and Earnings - The net cash flow from operating activities was -70.73 million yuan for the first three quarters [3]. - Basic earnings per share were -0.4238 yuan [2]. Expense Management - Sales expenses increased by 13.56% year-on-year, while R&D expenses grew by 0.53% [3]. - Management expenses decreased by 18.65%, and financial expenses saw a significant reduction of 60.10% [3]. Shareholder Actions - Executives have engaged in share reduction activities, with the CEO and chairman planning to sell portions of their shares due to personal financial needs [3]. - The CEO, Lin Xueyan, completed a share reduction plan prior to the third quarter report, selling 460,000 shares at an average price of 30.29 yuan and 36.60 yuan per share [3][4]. Shareholding Structure Change - On September 5, the company announced a change in its controlling shareholder, with the state-owned shares being transferred to Beijing Data Group Co., Ltd., while the actual controller remains Beijing State-owned Assets Management Co., Ltd. [4]. - Following the transfer, Beijing Data Group directly holds 70.86 million shares, representing 26.24% of the total shares, and indirectly holds an additional 70.84 million shares, totaling 52.48% of the company [4]. Company Background - Digital Certification was established on February 28, 2001, and was listed on the Shenzhen Stock Exchange in 2016, focusing on electronic certification services, cybersecurity products, integration, and services [5].