Financial Performance - Revenue for the third quarter reached RMB 63,060,133 thousand, an increase of 16.04% year-on-year[3] - Net profit attributable to shareholders was RMB 2,000,316 thousand, reflecting a growth of 3.34% compared to the same period last year[3] - Net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 1,859,089 thousand, a decrease of 9.12% year-on-year[3] - Basic earnings per share for the period was RMB 0.116, up 4.50% from the previous year[3] - Total revenue for the first three quarters of 2024 was RMB 173.78 billion, a decrease of 7.75% compared to RMB 188.40 billion in the same period of 2023[15] - Operating profit for the first three quarters of 2024 increased to RMB 17.41 billion, up 55.5% from RMB 11.20 billion in 2023[16] - Net profit attributable to shareholders for the first three quarters of 2024 was RMB 9.02 billion, a significant increase of 68.8% compared to RMB 5.35 billion in 2023[17] - The company reported a basic earnings per share of RMB 0.525 for the first three quarters of 2024, compared to RMB 0.309 in 2023[17] - Net profit for the first three quarters of 2024 was RMB 5,059,702 thousand, significantly up from RMB 2,816,198 thousand in the same period of 2023, representing an increase of 79.3%[26] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 214,250,471 thousand, an increase of 1.18% from the previous year[3] - Total assets as of September 30, 2024, amounted to RMB 214.25 billion, compared to RMB 211.76 billion at the end of 2023[14] - Total liabilities decreased to RMB 104.29 billion as of September 30, 2024, down from RMB 112.87 billion at the end of 2023[14] - The company's total liabilities decreased to RMB 69,302,913 thousand as of September 30, 2024, down from RMB 75,017,311 thousand at the end of 2023[23] - The company's total liabilities and equity decreased to RMB 124,909,323 thousand as of September 30, 2024, from RMB 127,785,183 thousand at the end of 2023, a reduction of 2.2%[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 333,361[8] - China Aluminum Group Co., Ltd. holds 5,139,204,916 shares, accounting for 29.95% of the total shares[8] - Hong Kong Central Clearing Limited (H shares) holds 3,935,273,789 shares, representing 22.93% of the total shares[8] - The total shares held by China Aluminum Group and its subsidiaries amount to 5,563,312,965 shares, representing approximately 32.42% of the total issued shares[11] - The top ten shareholders include various state-owned and foreign entities, with significant stakes held by China Aluminum Group and Hong Kong Central Clearing[10] Cash Flow - The company reported a net cash flow from operating activities of RMB 10,069,118 thousand, a decrease of 0.25% compared to the previous year[3] - Operating cash flow for the first three quarters of 2024 was RMB 23,618,433 thousand, an increase of 10.8% compared to RMB 20,402,359 thousand in the same period of 2023[18] - Cash inflow from investment activities increased to RMB 8,668,710 thousand in 2024 from RMB 4,418,006 thousand in 2023, representing a growth of 96.5%[19] - Net cash flow from financing activities showed a significant decline, with a net outflow of RMB 19,265,520 thousand in 2024 compared to RMB 14,870,742 thousand in 2023[20] - Cash flow from operating activities generated a net amount of RMB 4,702,706 thousand in the first three quarters of 2024, compared to RMB 2,765,880 thousand in the same period of 2023, indicating a 70.0% increase[27] Production and Operations - Alumina production for the first nine months of 2024 was 1,257 thousand tons, a slight increase of 0.88% compared to 2023[7] - The production of primary aluminum (including alloys) reached 562 thousand tons, marking a 14.00% increase year-on-year[7] - The company expects continued growth in production and sales volumes for the upcoming quarters, driven by increased demand in the market[3] Research and Development - Research and development expenses for the first three quarters of 2024 were RMB 2.49 billion, down 25.5% from RMB 3.33 billion in 2023[15] - Research and development expenses for the first three quarters of 2024 were RMB 108,920 thousand, significantly lower than RMB 558,518 thousand in the same period of 2023, indicating a decrease of 80.5%[25] - The company reported an increase in investment income to RMB 3,764,595 thousand in the first three quarters of 2024, compared to RMB 1,456,963 thousand in the same period of 2023, representing a growth of 158.1%[25] Cash and Current Assets - The total current assets as of September 30, 2024, amount to 60,642,395,000 RMB, an increase from 58,440,534,000 RMB in the previous year[12] - Cash and cash equivalents increased to 22,953,843,000 RMB from 21,103,581,000 RMB year-over-year[12] - Accounts receivable rose to 5,759,112,000 RMB from 4,024,325,000 RMB in the previous year[12] - Inventory increased to 24,465,704,000 RMB from 22,847,135,000 RMB year-over-year[12] - Cash and cash equivalents at the end of Q3 2024 were RMB 21,537,883 thousand, up from RMB 16,477,565 thousand in the same period of 2023[21] - The company's cash and cash equivalents decreased to RMB 3.60 billion as of September 30, 2024, from RMB 7.97 billion at the end of 2023[13] - The cash and cash equivalents at the end of the third quarter of 2024 were RMB 6,457,235 thousand, slightly down from RMB 5,900,244 thousand at the end of the same period in 2023[30] Borrowings - The company reported a decrease in short-term borrowings to RMB 504,761 thousand in 2024 from RMB 4,502,718 thousand in 2023, indicating a reduction in short-term debt[23] - Long-term borrowings increased to RMB 22,796,375 thousand in 2024 from RMB 20,603,000 thousand in 2023, reflecting a strategy to secure long-term financing[23] Board of Directors - The board of directors includes executive directors Shi Zhi Rong, Ou Xiao Wu, and Jiang Tao, as well as non-executive director Chen Peng Jun and independent non-executive directors Qiu Guan Zhou, Yu Jing Song, and Chen Yuan Xiu[31]
中国铝业(02600) - 2024 Q3 - 季度业绩