BSM(300796)2024-10-28 09:08Financial Performance - The company's operating revenue for Q3 2024 reached ¥305,626,179.16, representing a 196.08% increase year-over-year[2] - The net profit attributable to shareholders was a loss of ¥14,255,524.26, a decrease of 5,119.05% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥21,034,713.14, down 14,866.95% year-over-year[2] - Operating revenue for the first nine months of 2024 reached CNY 971,457,317.58, a significant increase of 108.31% compared to CNY 466,347,444.96 in the same period of 2023[6] - Net profit for the first nine months of 2024 was CNY 1,876,503.32, representing a decrease of 97.70% from CNY 81,653,860.87 in 2023, primarily due to a decline in gross margin and increased expenses[6] - The net profit for the quarter was ¥1,876,503.32, a decrease from ¥81,653,860.87 in the previous year, reflecting a decline of approximately 97.7%[13] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥3,111,770,324.52, reflecting a 6.43% increase from the end of the previous year[2] - The equity attributable to shareholders increased to ¥1,753,223,435.08, a rise of 4.72% compared to the end of the previous year[2] - Current liabilities totaled ¥738,224,089.86, down from ¥803,900,788.11, indicating a reduction of approximately 8.2%[11] - Long-term borrowings increased to ¥464,241,690.98 from ¥304,581,690.98, representing a growth of about 52.4%[11] Cash Flow - The cash flow from operating activities for the year-to-date was ¥59,834,129.37, down 70.63% year-over-year[2] - The company reported a net cash flow from operating activities of CNY 59,834,129.37, down 70.63% from CNY 203,712,410.30 in the previous year, mainly due to increased cash operating expenses[6] - The cash flow from financing activities showed a net inflow of CNY 431,011,724.99, a dramatic change from a net outflow of CNY -84,306,420.07 in the previous year, mainly due to new capital contributions from shareholders and increased bank loans[6] - The cash inflow from financing activities was CNY 574.64 million, significantly higher than CNY 123.13 million in the previous year[16] - The company paid CNY 69.26 million in debt repayments during the quarter, down from CNY 176.63 million in the previous year[16] Expenses - The company experienced a significant increase in sales expenses, which rose to CNY 36,139,279.91, up 181.57% from CNY 12,834,951.73 in the previous year, mainly due to the newly consolidated company Jielike[6] - The company reported a significant increase in sales expenses, which reached ¥36,139,279.91, compared to ¥12,834,951.73 in the previous year, representing an increase of about 181.5%[13] - The financial expenses increased to CNY 11,301,477.77, a rise of 356.75% compared to a negative CNY 4,401,819.05 in 2023, attributed to increased bank loans[6] - Research and development expenses for the quarter were ¥31,687,201.21, compared to ¥27,146,446.72 in the same period last year, marking an increase of approximately 16.5%[13] Other Financial Metrics - The company’s other income increased to CNY 15,376,691.16, up 186.00% from CNY 5,376,395.52, primarily due to increased government subsidies related to operations[6] - Total assets impairment losses were reported at CNY -1,343,911.64, indicating a 100% increase due to higher inventory write-down provisions[6] - The company's total profit for the first nine months of 2024 was CNY -6,661,693.11, a decline of 106.27% from CNY 106,229,247.56 in 2023, primarily due to falling product sales prices[6] - The company recorded a total comprehensive loss of CNY 1.47 million for the quarter, compared to a comprehensive income of CNY 81.81 million in the same period last year[14] Shareholder Information - The company reported a basic earnings per share of -¥0.04, a 100% decrease compared to the same period last year[2] - Basic and diluted earnings per share were both CNY 0.01, down from CNY 0.22 in the previous year[14] - The company’s minority shareholders' equity increased to CNY 47,304,707.85, a rise of 63.64% from CNY 28,907,316.85 in the previous year, mainly due to the addition of new minority shareholders in the subsidiary Tongling Beisimei[6] Audit and Accounting Standards - The company has not undergone an audit for the third quarter report[17] - The company plans to implement new accounting standards starting in 2024, which may impact future financial reporting[16]