SCC(600740)2024-10-25 08:26Financial Performance - The company's operating revenue for Q3 2024 was ¥1,507,537,118.94, a decrease of 26.84% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was ¥68,715,355.62, down 81.15% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥55,772,946.20, a decline of 84.58% compared to the previous year[2] - The basic earnings per share for Q3 2024 was ¥0.0268, down 81.15% year-on-year[2] - Total operating revenue for the first three quarters of 2024 was CNY 5,452,120,243.13, a decrease of 16.3% compared to CNY 6,516,950,071.84 in the same period of 2023[14] - Operating profit for the first three quarters of 2024 was CNY 228,432,461.40, significantly lower than CNY 1,283,036,159.90 in the same period of 2023[14] - The net profit for Q3 2024 was CNY 248,751,738.66, compared to CNY 1,276,224,060.84 for the same period in 2023, indicating a significant decrease[15] - The total comprehensive income for Q3 2024 was CNY 248,660,620.05, down from CNY 1,275,895,578.48 in Q3 2023[15] - Basic earnings per share for Q3 2024 were CNY 0.0986, compared to CNY 0.4998 in Q3 2023[16] - The company reported a decrease in sales revenue from CNY 6,963,081,776.30 in the first nine months of 2023 to CNY 5,920,035,291.97 in the same period of 2024[16] - The company incurred operating expenses of CNY 6,915,673,134.94 in the first nine months of 2024, compared to CNY 7,690,307,372.03 in the same period of 2023[16] Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥26,271,872,289.42, representing a 5.15% increase from the end of the previous year[3] - The equity attributable to shareholders at the end of Q3 2024 was ¥15,351,891,236.77, an increase of 1.29% from the previous year[3] - Total assets increased to CNY 26,271,872,289.42 in Q3 2024, compared to CNY 24,985,814,668.91 in Q3 2023, representing a growth of 5.2%[13] - Total liabilities rose to CNY 10,712,135,622.28 in Q3 2024, up from CNY 9,617,966,881.49 in Q3 2023, an increase of 11.4%[13] - Long-term borrowings increased to CNY 4,070,290,000.00 in Q3 2024, compared to CNY 2,734,900,000.00 in Q3 2023, reflecting a growth of 48.9%[13] Cash Flow - The company reported a net cash flow from operating activities of -¥1,708,346,371.81 for the year-to-date period, indicating a significant cash outflow[2] - Cash flow from operating activities for the first nine months of 2024 was CNY -1,708,346,371.81, compared to CNY -1,241,050,127.64 in the same period of 2023[16] - Cash inflow from investment activities was CNY 500,000,000.00 in Q3 2024, slightly down from CNY 500,652,248.38 in Q3 2023[17] - Cash flow from financing activities generated a net inflow of CNY 1,177,407,521.71 in Q3 2024, compared to CNY 649,166,224.58 in Q3 2023[17] - The total cash and cash equivalents at the end of Q3 2024 were CNY 471,235,546.16, down from CNY 1,036,021,488.07 at the end of Q3 2023[17] Shareholder Information - The total number of common shareholders at the end of the reporting period was 85,016, with the largest shareholder, Shanxi Coking Coal Group Co., Ltd., holding 51.14% of shares[9] - Shanxi Coking Coal Energy Group Co., Ltd. held 5.81% of shares, while other significant shareholders included various private equity funds[9] - The company did not report any changes in the participation of major shareholders in margin trading or securities lending activities during the reporting period[10] Operational Strategies - The company plans to enhance operational efficiency and product quality through restructuring coal procurement and implementing cost-effective measures[6] - The company aims to deepen its customized coke business cooperation and explore marketing potential to mitigate the adverse effects of market downturns[6] - The company has identified a significant decline in investment income from its associate, China Coal Huajin, contributing to the overall profit decrease[5] Current Assets - As of September 30, 2024, the total current assets amounted to approximately CNY 1.45 billion, a decrease from CNY 1.50 billion at the end of 2023, reflecting a decline of about 2.5%[11] - Cash and cash equivalents were reported at CNY 775.33 million, down from CNY 799.81 million, indicating a decrease of approximately 3.2%[11] - Accounts receivable decreased significantly to CNY 10.67 million from CNY 58.33 million, representing a decline of about 81.7%[11] - Inventory levels were reported at CNY 357.74 million, down from CNY 465.09 million, which is a decrease of approximately 23.1%[11] - Other current assets increased to CNY 159.01 million from CNY 88.74 million, showing an increase of about 79.5%[11] Research and Development - Research and development expenses for the first three quarters of 2024 were CNY 67,826,252.95, slightly down from CNY 67,860,513.92 in 2023[14] - The company has not disclosed any new strategies or significant developments in product or technology research during this quarter[11] Mergers and Acquisitions - There were no significant mergers or acquisitions reported in the current quarter[11]