LIUSTEELCO(601003)2023-10-27 16:00Revenue and Profit - Revenue for the third quarter of 2023 was RMB 19.47 billion, an increase of 12.73% compared to the same period last year[6] - Total revenue for the first three quarters of 2023 was RMB 57.005 billion, a decrease of 8.6% compared to RMB 62.361 billion in the same period of 2022[21] - Revenue for the first three quarters of 2023 was 36.733 billion RMB, a decrease from 40.190 billion RMB in the same period of 2022[31] - Net profit attributable to shareholders of the listed company for the third quarter was a loss of RMB 370.95 million, compared to a loss of RMB 515.67 million year-to-date[6] - Net profit attributable to the parent company for the first three quarters of 2023 was a loss of RMB 515.666 million, an improvement from a loss of RMB 2.591 billion in the same period of 2022[23] - Net profit for the first three quarters of 2023 was a loss of 120.462 million RMB, compared to a loss of 1.387 billion RMB in 2022[32] - Basic earnings per share for the first three quarters of 2023 was RMB -0.20, an improvement from RMB -1.01 in the same period of 2022[23] - Total comprehensive income for the first three quarters of 2023 was a loss of RMB 982.788 million, an improvement from a loss of RMB 4.014 billion in the same period of 2022[23] - Minority shareholders' share of the net loss for the first three quarters of 2023 was RMB 467.122 million, an improvement from RMB 1.423 billion in the same period of 2022[23] Operating Costs and Expenses - Total operating costs for the first three quarters of 2023 were RMB 58.238 billion, a decrease of 12.2% compared to RMB 66.353 billion in the same period of 2022[21] - Operating costs for the first three quarters of 2023 were 35.871 billion RMB, slightly lower than 40.361 billion RMB in 2022[31] - R&D expenses for the first three quarters of 2023 increased by 37.2% to RMB 971.612 million compared to RMB 708.044 million in the same period of 2022[22] - R&D expenses increased to 407.269 million RMB in 2023, up from 298.104 million RMB in 2022[31] - Interest expenses for the first three quarters of 2023 were RMB 835.478 million, a slight decrease from RMB 835.767 million in the same period of 2022[22] Cash Flow and Liquidity - Operating cash flow for the year-to-date was RMB 66.39 million, a decrease of 99.07% compared to the same period last year[7] - Operating cash flow for the first three quarters of 2023 was RMB 66.39 million, a significant decrease from RMB 7.11 billion in the same period last year[25] - Cash flow from operating activities was negative 2.779 billion RMB in 2023, a significant decline from positive 7.334 billion RMB in 2022[34] - Cash flow from investing activities was negative 202.753 million RMB in 2023, an improvement from negative 1.105 billion RMB in 2022[34] - Cash flow from financing activities was negative 406.722 million RMB in 2023, compared to negative 639.982 million RMB in 2022[35] - Cash and cash equivalents at the end of Q3 2023 were RMB 5.17 billion, a decrease from RMB 9.46 billion at the end of Q3 2022[26] - Total cash and cash equivalents at the end of the third quarter of 2023 were 4.576 billion RMB, down from 9.090 billion RMB at the end of 2022[35] - The company's cash and cash equivalents decreased by RMB 3.37 billion in the first three quarters of 2023, compared to an increase of RMB 5.44 billion in the same period last year[26] - Net cash flow from investment activities in the first three quarters of 2023 was negative RMB 1.37 billion, slightly worse than the negative RMB 1.34 billion in 2022[25] - Cash outflow for purchasing goods and services in the first three quarters of 2023 was RMB 57.47 billion, up from RMB 54.39 billion in 2022[25] - Tax refunds received in the first three quarters of 2023 increased to RMB 14.4 million, compared to RMB 2.4 billion in 2022[25] Assets and Liabilities - Total assets as of the end of the reporting period were RMB 71.31 billion, a slight decrease of 0.14% compared to the end of the previous year[7] - Total assets as of September 30, 2023, amounted to RMB 71.31 billion, a slight decrease from RMB 71.41 billion at the end of 2022[17][18] - Total assets as of September 30, 2023, were RMB 34.36 billion, down from RMB 37.38 billion at the end of 2022[30] - Current assets totaled RMB 23.05 billion, down from RMB 23.30 billion at the end of 2022[17] - Fixed assets decreased to RMB 36.28 billion from RMB 37.48 billion at the end of 2022[18] - Inventory increased to RMB 9.88 billion from RMB 8.40 billion at the end of 2022[17] - Total liabilities as of the end of Q3 2023 were RMB 49.726 billion, a slight increase from RMB 48.850 billion at the end of 2022[19] - Total liabilities as of September 30, 2023, were RMB 24.36 billion, a decrease from RMB 27.27 billion at the end of 2022[30] - Short-term borrowings decreased to RMB 1.70 billion from RMB 2.39 billion at the end of 2022[18] - Long-term borrowings stood at RMB 19.81 billion, down from RMB 20.36 billion at the end of 2022[18] - Accounts payable increased to RMB 11.94 billion from RMB 10.79 billion at the end of 2022[18] Equity and Shareholders - Equity attributable to shareholders of the listed company decreased by 5.22% to RMB 9.30 billion compared to the end of the previous year[7] - Total equity attributable to the parent company as of the end of Q3 2023 was RMB 9.302 billion, an increase from RMB 9.815 billion at the end of 2022[19] - Shareholders' equity as of September 30, 2023, was RMB 10 billion, slightly lower than RMB 10.12 billion at the end of 2022[30] - Liuzhou Iron & Steel Group holds 74.57% of the company's shares, totaling 1.91 billion shares[14] - Wang Wenhui, an individual shareholder, holds 8.08% of the company's shares, with 203.47 million shares pledged[14] - Li Zibin holds 0.93% of the company's shares, with 15.94 million shares held through a margin account[15] - The number of ordinary shareholders at the end of the reporting period was 42,672[13] Government Subsidies and Cost Management - Government subsidies received during the reporting period amounted to RMB 206.09 million year-to-date[9] - The company's efforts in cost reduction and efficiency improvement led to a significant reduction in losses compared to the same period last year[11] Sales and Tax - Sales revenue from goods and services for the first three quarters of 2023 was RMB 59.18 billion, down from RMB 60.46 billion in 2022[25] - Tax refunds received in the first three quarters of 2023 increased to RMB 14.4 million, compared to RMB 2.4 billion in 2022[25]