上海能源(600508) - 2024 Q3 - 季度财报

Financial Performance - Operating revenue for Q3 2024 was CNY 2,379,234,194.94, a decrease of 9.58% year-on-year [4]. - Net profit attributable to shareholders was CNY 154,058,033.45, an increase of 3.43% compared to the same period last year, but a decrease of 52.90% year-to-date [4]. - Basic earnings per share for the year-to-date period was CNY 0.87, down 52.72% year-on-year [4]. - Total operating revenue for the first three quarters of 2024 was CNY 7,233,532,303.02, a decrease of 15.0% compared to CNY 8,497,967,289.82 in the same period of 2023 [14]. - Net profit for the first three quarters of 2024 was CNY 575,788,122.33, a decline of 57.5% from CNY 1,357,079,119.82 in 2023 [15]. - Total profit for the first three quarters of 2024 was CNY 821,102,213.60, down 55.7% from CNY 1,851,591,296.95 in 2023 [15]. - Total comprehensive income for the first three quarters of 2024 was CNY 574,195,470.01, down from CNY 1,355,204,935.05 in 2023 [15]. Revenue and Costs - The average selling price of premium coal decreased by CNY 185.24 per ton, a decline of 12.27% year-on-year, impacting overall performance [6]. - Total operating costs decreased to CNY 6,433,047,778.13, down 3.4% from CNY 6,657,042,830.36 year-over-year [14]. - Research and development expenses increased to CNY 50,015,902.88, up 58.2% from CNY 31,615,006.90 in 2023 [14]. - Tax expenses for the first three quarters of 2024 were CNY 245,314,091.27, a decrease of 50.5% compared to CNY 494,512,177.13 in 2023 [15]. - Other income increased significantly to CNY 22,537,713.73 from CNY 4,638,325.22 year-over-year [14]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 20,099,610,765.59, an increase of 0.81% compared to the end of the previous year [4]. - As of September 30, 2024, the company's total assets amounted to approximately 20.1 billion, an increase from 19.9 billion at the end of 2023 [12]. - The company's total liabilities decreased slightly to approximately 7.26 billion from 7.33 billion, a reduction of about 0.9% [13]. - The company’s non-current assets totaled approximately 15.49 billion, slightly down from 15.51 billion, indicating a decrease of about 0.1% [12]. - Accounts receivable increased to approximately 411.11 million, up from 288.52 million, reflecting a growth of about 42.5% [11]. - Inventory rose to approximately 474.09 million, compared to 289.68 million, indicating an increase of about 63.5% [11]. Cash Flow and Financing - The company reported a net cash flow from operating activities of CNY 829,716,964.98 year-to-date, a decrease of 8.08% year-on-year [4]. - Cash flow from operating activities generated CNY 829,716,964.98, a decrease from CNY 902,611,756.52 in the previous year [17]. - Net cash flow from investing activities was -694,608,678.60, compared to -597,090,563.06 in the previous period, indicating an increase in investment outflows [18]. - Cash inflow from financing activities totaled 139,000,000.00, down from 217,000,000.00 in the previous period, reflecting a decrease in borrowed funds [18]. - Total cash outflow from financing activities was 769,008,703.73, compared to 653,187,493.00 in the previous period, showing an increase in cash outflows [18]. - The net cash flow from financing activities was -630,008,703.73, worsening from -436,187,493.00 in the previous period [18]. - The ending cash and cash equivalents balance decreased to 2,281,978,952.49 from 2,702,739,253.97, indicating a decline in liquidity [18]. - The net increase in cash and cash equivalents was -494,900,417.35, compared to -130,666,299.54 in the previous period, highlighting a significant cash outflow [18]. - Cash paid for the repayment of debts was 206,131,100.00, significantly higher than 5,622,022.13 in the previous period, indicating increased debt servicing [18]. - Cash paid for dividends, profits, or interest was 473,223,253.61, down from 555,674,108.72, suggesting a reduction in shareholder returns [18]. - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets was 694,608,678.60, compared to 598,196,822.48 in the previous period, reflecting increased capital expenditures [18]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 39,080 [7]. - The largest shareholder, China Coal Energy Co., Ltd., held 62.43% of the shares [7].