XTC(SH:600549)2023-10-24 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥10,798,108,848.29, a decrease of 15.36% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2023 was ¥369,813,874.84, down 7.05% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥343,051,233.03, a decline of 2.19% compared to the previous year[4]. - The basic earnings per share for Q3 2023 was ¥0.2621, representing a decrease of 7.39% year-on-year[5]. - Total operating revenue for the first three quarters of 2023 was ¥29,528,188,188.83, a decrease of 20% compared to ¥36,916,205,586.59 in the same period of 2022[16]. - Net profit for Q3 2023 was ¥1,832,126,752.22, compared to ¥2,001,404,453.36 in Q3 2022, indicating a decline of approximately 8.5%[18]. - The total comprehensive income for Q3 2023 was approximately ¥1.84 billion, down from ¥2.03 billion in Q3 2022, indicating a decrease of around 9%[19]. - The basic earnings per share for Q3 2023 was ¥0.8229, compared to ¥0.9290 in Q3 2022, reflecting a decline of approximately 11.5%[20]. - The company's total revenue for Q3 2023 was ¥2,112,790,648.56, a decrease of approximately 23.4% compared to ¥2,756,848,889.86 in the same period last year[27]. Assets and Liabilities - The total assets at the end of the reporting period were ¥39,559,224,375.75, a decrease of 0.60% from the end of the previous year[5]. - Non-current assets totaled ¥18,571,403,017.35 as of Q3 2023, an increase of 7.7% from ¥17,245,830,502.73 in the previous year[14]. - Total liabilities decreased to ¥21,135,790,425.02 in Q3 2023 from ¥23,738,735,226.24 in Q3 2022, representing a reduction of about 11%[15]. - The company's total assets as of Q3 2023 were ¥39,559,224,375.75, slightly down from ¥39,798,770,062.30 in the previous year[15]. - The equity attributable to shareholders increased to ¥10,722,444,067.22 in Q3 2023 from ¥9,990,502,151.89 in Q3 2022, reflecting a growth of approximately 7.3%[15]. Cash Flow - Cash flow from operating activities for the first three quarters of 2023 was approximately ¥25.79 billion, an increase from ¥25.31 billion in the same period of 2022, showing a growth of about 1.8%[21]. - The net cash flow from investing activities for Q3 2023 was approximately -¥1.55 billion, worsening from -¥0.72 billion in Q3 2022[23]. - Cash flow from financing activities for Q3 2023 was approximately ¥438.49 million, a significant decrease from ¥3.60 billion in Q3 2022[23]. - The total cash and cash equivalents at the end of Q3 2023 amounted to approximately ¥2.99 billion, down from ¥3.68 billion at the end of 2022, indicating a decrease of about 18.7%[23]. - The company reported a net increase in cash and cash equivalents of approximately ¥836.43 million for Q3 2023, compared to an increase of ¥2.14 billion in Q3 2022[23]. Business Segments - The tungsten and molybdenum business achieved revenue of 12.378 billion RMB in the first three quarters of 2023, a year-on-year increase of 25.55%[10]. - Profit from the tungsten and molybdenum business reached 1.670 billion RMB, up 43.40% year-on-year, with a 48.13% increase when excluding investment income from joint ventures[10]. - The rare earth business reported revenue of 3.918 billion RMB, a decline of 12.56% year-on-year, with profit down 53.77%[10]. - The energy new materials business generated revenue of 13.122 billion RMB, a decrease of 41.58% year-on-year, and profit fell by 54.87%[10]. - The real estate business reported revenue of 110 million RMB, a year-on-year decrease of 4.39%[10]. Shareholder Information - The company reported a total of 107,251 common shareholders at the end of the reporting period[8]. - The largest shareholder, Fujian Rare Earth Group Co., Ltd., holds 31.77% of the shares[8]. Research and Development - Research and development expenses for Q3 2023 were ¥1,111,259,094.37, down from ¥1,306,256,137.53 in Q3 2022, a decrease of about 15%[18]. - The company's R&D expenses for Q3 2023 were ¥91,537,045.70, down from ¥126,478,327.48 in the same quarter last year, indicating a decrease of about 27.6%[27]. Market Conditions - The decrease in operating revenue was primarily due to a decline in raw material prices and intensified competition in the rare earth and energy new materials sectors[7].