ZCE(600121)2024-10-30 08:22Financial Performance - The company's operating revenue for Q3 2024 was ¥1,032,237,368.62, representing a 9.95% increase compared to ¥938,812,336.47 in the same period last year[3]. - Net profit attributable to shareholders was ¥2,626,937.75, a significant turnaround from a loss of ¥144,708,912.81 in the previous year, marking a 101.85% increase[3]. - The basic earnings per share for the current period was ¥0.0022, compared to a loss of ¥0.1187 in the same period last year, reflecting a 101.88% improvement[4]. - The company's net profit attributable to shareholders for the year-to-date increased by 114.29% compared to the same period last year, driven by improved profitability and asset disposals[6]. - Total operating revenue for the first three quarters of 2024 reached CNY 3,194,491,237.25, an increase from CNY 3,130,656,972.44 in the same period of 2023, representing a growth of approximately 2.05%[14]. - Total operating costs for the first three quarters of 2024 were CNY 3,173,052,582.28, compared to CNY 3,025,182,453.58 in 2023, indicating an increase of about 4.89%[14]. - Operating profit for the first three quarters of 2024 was CNY 187,676,528.21, up from CNY 113,941,492.95 in the previous year, reflecting a significant increase of approximately 64.67%[14]. - The total profit for Q3 2024 was CNY 166,084,794.41, compared to CNY 97,856,195.90 in Q3 2023, representing an increase of approximately 69.5%[15]. - Net profit for Q3 2024 reached CNY 82,008,384.45, a significant increase from CNY 18,463,998.84 in Q3 2023, marking a growth of about 344.5%[15]. - The net profit attributable to the parent company was CNY 13,011,162.18, recovering from a loss of CNY 91,080,610.11 in the same period last year[15]. - Basic and diluted earnings per share for Q3 2024 were CNY 0.0107, compared to a loss of CNY 0.0748 per share in Q3 2023[16]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was ¥331,406,874.10, a 124.55% increase from ¥147,585,559.49 in the previous year[3]. - As of September 30, 2024, the company's cash and cash equivalents amounted to ¥3,335,276,501.05, an increase from ¥2,741,448,309.40 at the end of 2023, reflecting a growth of approximately 21.6%[11]. - The company reported a decrease in cash outflow for operating activities, totaling CNY 2,963,106,116.42 in 2024 compared to CNY 3,187,034,559.01 in 2023[17]. - Cash flow from operating activities for the first nine months of 2024 was CNY 331,406,874.10, up from CNY 147,585,559.49 in the same period of 2023[17]. - The net increase in cash and cash equivalents for Q3 2024 was CNY 182,615,093.68, compared to a decrease of CNY 417,764,585.70 in Q3 2023[18]. Assets and Liabilities - The total assets at the end of the reporting period were ¥14,170,733,875.39, showing a 6.85% increase from the previous year[4]. - Non-current assets totaled CNY 9,183,296,419.69 as of the end of the third quarter of 2024, up from CNY 8,988,584,321.73 at the end of 2023, representing an increase of approximately 2.18%[13]. - Total liabilities increased to CNY 11,222,774,582.45 in the third quarter of 2024, compared to CNY 10,458,399,459.56 in the same period of 2023, marking a rise of about 7.34%[13]. - The company's total assets reached CNY 14,170,733,875.39, up from CNY 13,262,636,174.93 in 2023, indicating an increase of approximately 6.86%[13]. - The company's total equity reached CNY 2,947,959,292.94, up from CNY 2,804,236,715.37 in 2023, indicating an increase of about 5.11%[13]. - The company's short-term borrowings increased to CNY 2,687,000,000.00 in the third quarter of 2024, compared to CNY 2,166,000,000.00 in 2023, representing an increase of approximately 24.05%[12]. Shareholder Information - The top shareholder, Zhengzhou Coal Industry (Group) Co., Ltd., holds 46.46% of the shares, with a total of 566,068,280 shares[7]. - The total number of shares held by the top 10 shareholders accounted for 566,068,280 shares, which is a significant portion of the company's equity[8]. - The company reported a total of 6,204,224 shares held by China Bank Co., Ltd. - CMB Coal Index Fund, representing 0.51% of total shares[9]. - The company has not reported any changes in the participation of major shareholders in margin trading and securities lending activities compared to the previous period[9]. - There are no significant related party transactions or actions among the major shareholders disclosed in the report[8]. Government Subsidies and Non-Recurring Gains - The company reported non-recurring gains of ¥17,391,215.30 for the current period, primarily due to asset disposals and government subsidies[5]. - The company has received government subsidies amounting to ¥10,496,927.80 during the current period, primarily related to its mining operations[5]. Research and Development - Research and development expenses for the first three quarters of 2024 amounted to CNY 52,357,100.87, compared to CNY 25,247,215.97 in 2023, showing an increase of about 107.63%[14]. Market Strategy - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[10]. Accounting Standards - The company has not adopted new accounting standards for the year 2024[19].