BSU(SH:600010)2019-10-29 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 1.19 billion, down 48.3991% year-on-year[5]. - Operating revenue for the first nine months was CNY 46.88 billion, a decrease of 2.8656% compared to the same period last year[5]. - Basic earnings per share were CNY 0.0261, down 48.3168% compared to the previous year[7]. - The company recorded a loss of CNY 6.79 million from non-operating income and expenses during the reporting period[9]. - The company reported a net profit increase, with undistributed profits rising to ¥5.18 billion from ¥3.97 billion, an increase of approximately 30.5%[19]. - Net profit for Q3 2019 was approximately ¥150.20 million, down from ¥892.13 million in Q3 2018, indicating a significant decline of 83.2%[25]. - The total profit for Q3 2019 was approximately ¥267.13 million, compared to ¥1.18 billion in Q3 2018, representing a decline of 77.4%[25]. - The company reported a net profit attributable to shareholders of the parent company for Q3 2019 was approximately ¥147.43 million, down from ¥887.71 million in Q3 2018, a decrease of 83.4%[26]. - Net profit for Q3 2019 was a loss of ¥125.46 million, compared to a profit of ¥892.33 million in Q3 2018, representing a significant decline[28]. - Total comprehensive income for Q3 2019 was ¥-125.46 million, contrasting with ¥892.33 million in the same period last year[29]. Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 148.73 billion, a decrease of 0.0481% compared to the end of the previous year[5]. - The company's net assets attributable to shareholders increased by 2.4984% to CNY 53.78 billion compared to the end of the previous year[5]. - Total current liabilities decreased to ¥72.23 billion from ¥79.88 billion, a reduction of approximately 8.3% year-over-year[19]. - Long-term borrowings decreased significantly to ¥2.87 billion from ¥6.12 billion, a decline of about 53%[22]. - Total liabilities decreased slightly to ¥94.74 billion from ¥96.13 billion, a decrease of around 1.4%[19]. - Total current assets amounted to ¥44,841,829,241.12, a decrease of ¥155,544,406.35 compared to the previous period[35]. - Total non-current assets reached ¥103,958,857,152.55, reflecting a slight increase of ¥33,359,727.69[35]. - Total liabilities reached ¥96,130,805,899.89, remaining stable compared to the previous period[36]. - Total equity attributable to shareholders was ¥52,468,957,387.79, a decrease of ¥122,184,678.66 from the previous period[37]. Cash Flow - Net cash flow from operating activities was negative CNY 945.90 million, a decline of 119.2072% year-on-year[5]. - Cash inflow from operating activities for the first nine months was CNY 44,202,216,891.95, down from CNY 48,366,175,616.63 in the previous year, representing a decrease of approximately 4.5%[30]. - Cash inflow from investment activities was CNY 12,479,613.14, significantly up from CNY 2,199,726.92 in the previous year[31]. - Net cash flow from investment activities was negative CNY 1,235,814,470.34, compared to negative CNY 1,833,914,757.74 in the same period last year, indicating an improvement[31]. - Cash inflow from financing activities totaled CNY 37,424,350,327.14, an increase from CNY 30,119,182,512.74 year-over-year[31]. - Net cash flow from financing activities was positive CNY 2,530,642,197.37, a turnaround from negative CNY 5,821,431,827.43 in the previous year[31]. - The ending cash and cash equivalents balance was CNY 5,591,585,430.82, up from CNY 2,314,864,856.35 at the end of the previous year[31]. - Total cash outflow for operating activities was CNY 45,148,114,451.87, compared to CNY 43,441,464,273.78 in the previous year, reflecting an increase of approximately 3.9%[30]. - The company’s cash outflow for taxes paid was CNY 2,660,863,795.33, which is significantly higher than CNY 760,507,391.15 in the previous year, indicating increased tax liabilities[30]. Shareholder Information - The company reported a total of 597,101 shareholders at the end of the reporting period[10]. - The largest shareholder, Baotou Iron and Steel (Group) Co., Ltd., held 54.66% of the shares, with a pledged amount of 9.33 billion shares[10]. Research and Development - The company has not disclosed any new product developments or market expansion strategies in this report[4]. - The company reported an increase in development expenditures to RMB 316,491,865.56 from RMB 174,001,628.99, highlighting a focus on R&D[18]. - Research and development expenses in Q3 2019 were approximately ¥849,944, a substantial decrease from ¥9.51 million in Q3 2018, reflecting a decline of 91.1%[24]. - The company plans to focus on market expansion and new product development in the upcoming quarters[29]. - The company has ongoing investments in new technologies and product development, with a focus on expanding market presence[23]. - The company is exploring strategic acquisitions to enhance its competitive position in the market[23].