PJRC(600395)2024-10-25 09:25Revenue and Profit Performance - Revenue for the third quarter was RMB 2,402,841,556.35, a year-on-year increase of 3.50%, while cumulative revenue for the first three quarters was RMB 6,448,710,436.17, a year-on-year decrease of 15.36%[2] - Net profit attributable to shareholders of the listed company for the third quarter was RMB -2,088,837.91, a year-on-year decrease of 101.36%, and cumulative net profit for the first three quarters was RMB 35,185,949.97, a year-on-year decrease of 95.45%[2] - Total revenue for the first three quarters of 2024 was RMB 6,448,710,436.17, a decrease of 15.36% compared to RMB 7,619,013,273.55 in the same period of 2023[15] - Net profit for the first three quarters of 2024 was RMB 49,800,142.21, a significant decline of 93.64% compared to RMB 783,422,171.98 in the same period of 2023[16] - Revenue for the first nine months of 2024 was 4,296,824,604.60 RMB, a decrease from 6,202,772,324.29 RMB in the same period of 2023[23] - Net profit for the first nine months of 2024 was 130,564,042.98 RMB, down from 978,470,031.36 RMB in the same period of 2023[24] Assets and Liabilities - Total assets as of the end of the third quarter were RMB 41,558,750,566.20, a year-on-year increase of 17.87%[2] - Total assets as of September 30, 2024, amount to RMB 41,558,750,566.20, an increase from RMB 35,259,119,613.92 at the end of 2023[12] - Total liabilities increased by 29.32% to RMB 29,413,351,020.72 in Q3 2024, compared to RMB 22,744,062,873.66 in the same period of 2023[13] - Total assets increased to 24,093,226,193.28 RMB, up from 22,497,029,185.88 RMB in the previous period[22] - Total liabilities rose to 12,805,469,938.33 RMB, compared to 10,966,047,323.56 RMB previously[22] - Total equity decreased to 11,287,756,254.95 RMB, compared to 11,530,981,862.32 RMB previously[22] - Total equity attributable to owners of the parent company decreased by 3.10% to RMB 11,059,279,392.89 in Q3 2024, compared to RMB 11,413,582,825.27 in the same period of 2023[14] Cash Flow - The company's operating cash flow for the first three quarters was RMB -123,977,514.42, a year-on-year decrease of 110.06%[2] - Net cash flow from operating activities was -123,977,514.42 yuan, compared to 1,232,403,907.32 yuan in the previous year[18] - Net cash flow from investing activities was -4,994,055,219.29 yuan, a significant decrease from -3,336,087,603.12 yuan in the same period last year[19] - Net cash flow from financing activities was 5,035,414,277.26 yuan, an increase from 2,462,082,594.56 yuan in the previous year[19] - Cash and cash equivalents at the end of the period were 2,205,719,823.82 yuan, down from 3,784,310,978.77 yuan at the end of the previous year[19] - Total cash inflow from operating activities was 3.96 billion yuan, down 31.16% from 5.76 billion yuan in the previous year[25] - Net cash flow from operating activities was 213.62 million yuan, a significant drop of 81.51% from 1.15 billion yuan in 2023[25] - Cash received from investments was 501.03 million yuan, a decrease of 70.58% compared to 1.70 billion yuan in 2023[25] - Net cash flow from investment activities was -1.43 billion yuan, a 174.34% increase in negative cash flow from -521.46 million yuan in 2023[25] - Cash received from financing activities was 3.14 billion yuan, a 136.27% increase from 1.33 billion yuan in 2023[25] - Net cash flow from financing activities was 1.17 billion yuan, a significant improvement from -626.47 million yuan in 2023[25] - The company's cash and cash equivalents at the end of the period were 1.61 billion yuan, a decrease of 33.33% from 2.41 billion yuan at the end of 2023[26] Coal and Electricity Business - The company's coal production for the first three quarters was 6.9144 million tons, a year-on-year decrease of 25.07%, and coal sales revenue was RMB 49,094,778, a year-on-year decrease of 37.70%[7] - The company's electricity generation for the first three quarters was 3,902,259,500 kWh, a year-on-year increase of 7,379.53%, and the average grid electricity price was RMB 0.3648/kWh, a year-on-year decrease of 6.49%[7] - The company's gross profit from coal business for the first three quarters was RMB 1,096,404,300, a year-on-year decrease of 50.57%[7] Government Subsidies and R&D Expenses - Government subsidies received during the reporting period amounted to RMB 15,637,555.30, with cumulative subsidies for the first three quarters reaching RMB 32,426,829.39[3] - R&D expenses increased by 31.79% to RMB 230,263,032.44 in the first three quarters of 2024, compared to RMB 174,720,627.75 in the same period of 2023[16] - Research and development expenses for the first nine months of 2024 were 140,123,877.69 RMB, down from 148,026,641.83 RMB in the same period of 2023[23] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period is 45,252[8] - Guizhou Energy Group Co., Ltd. holds 961,050,600 shares, representing 44.77% of the total shares[8] - Guizhou Qiansheng State-owned Assets Management Co., Ltd. holds 84,269,662 shares, representing 3.93% of the total shares[8] Financial Ratios and Earnings - The company's weighted average return on equity (ROE) for the first three quarters was 0.299%, a year-on-year decrease of 6.358 percentage points[2] - The company's basic earnings per share (EPS) for the third quarter was RMB -0.001, a year-on-year decrease of 101.39%, and cumulative EPS for the first three quarters was RMB 0.016, a year-on-year decrease of 95.556%[2] - Basic and diluted earnings per share were both 0.016 yuan per share[17] Operating Costs and Expenses - Total operating costs for the first three quarters of 2024 were RMB 6,549,636,800.61, a decrease of 2.85% compared to RMB 6,742,030,891.42 in the same period of 2023[15] - Operating costs for the first nine months of 2024 were 3,197,305,761.68 RMB, down from 4,147,215,706.16 RMB in the same period of 2023[23] - Interest expenses surged by 143.63% to RMB 206,795,589.50 in the first three quarters of 2024, compared to RMB 84,896,754.89 in the same period of 2023[16] Inventory and Receivables - Inventory as of September 30, 2024, amounts to RMB 770,245,581.06, a significant increase from RMB 244,608,541.85 at the end of 2023[11] - Accounts receivable as of September 30, 2024, amount to RMB 733,768,015.42, an increase from RMB 393,552,606.88 at the end of 2023[11] - Inventory rose to 120,298,088.55 RMB, compared to 101,759,481.47 RMB previously[20] - Accounts receivable were 231,805,620.02 yuan, a decrease from 238,907,757.91 yuan at the end of the previous year[19] Borrowings and Investments - Short-term borrowings as of September 30, 2024, amount to RMB 4,228,163,054.70, a significant increase from RMB 1,815,116,784.46 at the end of 2023[12] - Long-term borrowings rose by 44.37% to RMB 11,172,412,585.80 in Q3 2024, compared to RMB 7,738,736,070.99 in the same period of 2023[13] - Long-term equity investments increased to 9,216,084,353.25 RMB, up from 8,105,958,511.92 RMB[20] - Short-term borrowings increased to 3,323,100,138.88 RMB, up from 1,621,453,916.64 RMB[21] Comprehensive Income and Operating Profit - Comprehensive income attributable to the parent company's owners reached 38,836,213.56 yuan, with a total comprehensive income of 53,450,405.80 yuan[17] - Operating profit for the first three quarters of 2024 was RMB 24,774,850.60, a sharp decline of 97.43% compared to RMB 965,614,104.88 in the same period of 2023[16] Sales and Cash Receipts - Sales of goods and services received cash of 3.67 billion yuan, a decrease of 31.05% compared to 5.32 billion yuan in the same period last year[25] - Cash received from selling goods and providing services was 5,587,326,179.85 yuan, a decrease from 6,879,624,845.39 yuan in the same period last year[17] Monetary Funds and Current Assets - Monetary funds as of September 30, 2024, amount to RMB 2,319,729,179.43, a decrease from RMB 2,372,514,226.83 at the end of 2023[11] - Total current assets as of September 30, 2024, amount to RMB 7,026,146,793.35, an increase from RMB 5,760,766,121.25 at the end of 2023[12] - The company's monetary funds stood at 1,677,634,676.86 yuan, slightly down from 1,699,545,896.85 yuan at the end of the previous year[19] Fixed Assets and Contract Liabilities - Fixed assets as of September 30, 2024, amount to RMB 15,719,834,405.82, a significant increase from RMB 8,935,123,312.01 at the end of 2023[12] - Contract liabilities decreased by 30.17% to RMB 119,480,721.00 in Q3 2024, compared to RMB 171,087,836.19 in the same period of 2023[13]