赣锋锂业(002460) - 2024 Q3 - 季度财报

Financial Performance - Revenue for the third quarter was RMB 4.34 billion, a decrease of 42.46% year-over-year[2] - Net profit attributable to shareholders was RMB 119.99 million, down 24.85% year-over-year[2] - Revenue decreased by 45.78% to 13.93 billion RMB due to declining lithium salt and battery product prices[6] - Operating costs decreased by 41.21% to 12.48 billion RMB due to lower raw material prices[6] - Total operating revenue for the period was 13,925,192,758.32, a decrease from 25,681,961,591.04 in the previous period[21] - Operating costs amounted to 12,484,746,872.10, down from 21,234,442,163.66 in the prior period[21] - Net profit for the period was -1,032,090,204.23, compared to 5,879,497,228.39 in the previous period[22] - Net profit attributable to parent company shareholders was -640,389,644.06, a significant drop from 6,009,847,045.29 in the prior period[22] - Basic earnings per share were -0.32, down from 2.98 in the previous period[22] - Total comprehensive income for the period was -1,381,196,744.89, compared to 6,819,462,407.48 in the prior period[22] - Comprehensive income attributable to parent company shareholders was -987,754,676.64, a decrease from 6,871,085,499.96 in the previous period[22] - Comprehensive income attributable to minority shareholders was -393,442,068.25, compared to -51,623,092.48 in the prior period[22] Cash Flow - Operating cash flow for the period was RMB -197.19 million, a decrease of 182.46% year-over-year[2] - Net cash flow from operating activities increased by 399.90% to 4.11 billion RMB due to reduced payments for goods and services[7] - Net cash flow from financing activities decreased by 88.11% to 966.47 million RMB due to increased debt repayments[7] - Operating cash flow increased to RMB 4,105,916,332.03 from a negative RMB 1,369,100,406.14 in the previous period[24] - Cash received from tax refunds rose to RMB 337,378,261.22 from RMB 179,667,043.18[24] - Cash paid for goods and services dropped to RMB 10,555,407,220.96 from RMB 23,870,541,042.84[24] - Investment cash outflow totaled RMB 9,327,781,479.69, slightly lower than the previous RMB 9,809,885,032.73[24] - Financing cash inflow decreased to RMB 12,313,896,717.51 from RMB 14,838,773,620.36[25] - Cash and cash equivalents at the end of the period stood at RMB 6,945,994,348.65, down from RMB 8,721,510,630.13[25] - Cash paid for debt repayment increased to RMB 8,256,446,540.33 from RMB 3,609,894,174.59[25] Assets and Liabilities - Total assets increased by 7.61% to RMB 98.67 billion compared to the end of the previous year[2] - The company's construction in progress increased by 71.21% to RMB 19.34 billion due to project investments[5] - Goodwill surged by 706.45% to RMB 142.06 million due to non-controlling business acquisitions[5] - Long-term receivables grew by 53.56% to RMB 88.29 million due to new installment sales[5] - Other non-current financial assets decreased by 34.38% to RMB 3.44 billion due to fair value declines[5] - The company's debt investments increased by 299.06% to RMB 1.64 billion due to long-term deposits[5] - Other receivables doubled to RMB 198.79 million due to increased deposit payments[5] - Minority shareholders' equity increased by 54.34% to 8.15 billion RMB due to the consolidation of the Mali project[6] - Accounts payable increased by 33.40% to 3.58 billion RMB due to increased bank acceptance bills for material payments[6] - Deferred tax liabilities increased by 100.13% to 966.38 million RMB due to temporary differences in income tax[6] - Total assets increased to 98.67 billion RMB in Q3 2024 from 91.70 billion RMB at the beginning of the year[18][19][20] - Current assets decreased to 21.93 billion RMB in Q3 2024 from 28.18 billion RMB at the beginning of the year[18] - Non-current assets increased to 76.75 billion RMB in Q3 2024 from 63.51 billion RMB at the beginning of the year[18][19] - Total liabilities increased to 46.55 billion RMB in Q3 2024 from 39.38 billion RMB at the beginning of the year[19][20] - Owner's equity slightly decreased to 52.13 billion RMB in Q3 2024 from 52.32 billion RMB at the beginning of the year[20] - Cash and cash equivalents decreased to 7.01 billion RMB in Q3 2024 from 9.48 billion RMB at the beginning of the year[18] - Accounts receivable decreased to 3.53 billion RMB in Q3 2024 from 4.95 billion RMB at the beginning of the year[18] - Inventory remained stable at 8.26 billion RMB in Q3 2024 compared to the beginning of the year[18] - Fixed assets increased to 13.95 billion RMB in Q3 2024 from 12.29 billion RMB at the beginning of the year[18] Investments and Joint Ventures - The company plans to establish a joint venture with Nanjing Public Development and Environment Group to build a 300,000-ton waste battery recycling base in Jiangsu Province, with a total investment of 1 billion RMB[12] - The joint venture will have a registered capital of 100 million RMB, with the company holding a 35% stake, Nanjing Public Development holding 35%, and Environment Group holding 30%[12] - The company's subsidiary, Jiangxi Ganfeng Recycling Technology, plans to invest 40 million RMB in a joint venture with Nanjing Public Development and Environment Group, holding a 40% stake[13] - The company's subsidiary, Minera Exar, plans to issue bonds of up to 200 million USD overseas to support its international business development[14] - The company's subsidiary, Ganfeng Lithium Technology, plans to establish a joint venture in Turkey with YIGIT AKU to build a 5GWh lithium battery production project, with a total investment of 500 million USD[15] - The company's subsidiary, Ganfeng International, has completed the acquisition of a 14.8% stake in Argentina's PGCO for 70 million USD to support the development of the Pastos Grandes lithium salt lake project[16] - The company plans to issue medium-term notes of up to 5 billion RMB and short-term financing bills of up to 1.5 billion RMB to optimize its debt structure and reduce financing costs[17] - The company invested 367.5 million RMB to establish the Nanchang New Energy Technology Industry Investment Fund with partners[18] Shareholders and Equity - The number of ordinary shareholders at the end of the reporting period was 315,137[8] - Minority shareholders' equity increased by 54.34% to 8.15 billion RMB due to the consolidation of the Mali project[6] - Owner's equity slightly decreased to 52.13 billion RMB in Q3 2024 from 52.32 billion RMB at the beginning of the year[20] Sales and Revenue - Sales revenue from goods and services decreased to RMB 16,293,510,620.36 from RMB 26,785,884,974.11 year-over-year[24]