SPC(SH:600688)2024-10-23 09:26Financial Performance - The company's operating revenue for Q3 2024 was CNY 22,462,479, a decrease of 9.87% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2024 was CNY 6,627, reflecting a significant decline of 97.53% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 13,632, down 95.22% from the previous year[3]. - The basic earnings per share for Q3 2024 was CNY 0.001, a decrease of 96.00% compared to the same period last year[3]. - Total operating revenue for the first three quarters of 2024 was CNY 65,995,285, a decrease from CNY 69,859,201 in the same period of 2023, representing a decline of approximately 4.0%[14]. - Total operating costs for the first three quarters of 2024 were CNY 65,902,218, down from CNY 70,630,335 in the previous year, indicating a reduction of about 6.0%[14]. - In Q3 2024, the company reported a net profit of CNY 39,916 thousand, a significant recovery from a net loss of CNY 716,658 thousand in the same period last year[15]. - The company's operating profit reached CNY 93,067 thousand, compared to an operating loss of CNY 771,134 thousand in Q3 2023[15]. - The total comprehensive income for the period was CNY 48,476 thousand, recovering from a comprehensive loss of CNY 674,048 thousand in the previous year[15]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 45,189,264, representing an increase of 13.95% from the end of the previous year[4]. - Total assets reached CNY 45,189,264 as of September 30, 2024, compared to CNY 39,658,244 at the end of 2023, representing an increase of approximately 14.0%[13]. - Total liabilities were CNY 20,353,797 as of September 30, 2024, up from CNY 14,715,337 at the end of 2023, indicating an increase of about 38.5%[13]. - The company's total equity as of September 30, 2024, was CNY 24,835,467, slightly down from CNY 24,942,907 at the end of 2023, a decrease of about 0.4%[13]. Cash Flow - The net cash flow from operating activities for the reporting period was CNY 10,083,631, with a decrease in cash outflow compared to the previous year[7]. - Cash flow from operating activities generated a net inflow of CNY 10,425,601 thousand, a turnaround from a net outflow of CNY 888,316 thousand in the previous year[16]. - Cash and cash equivalents as of September 30, 2024, amounted to CNY 15,375,779, significantly higher than CNY 5,607,013 at the end of 2023, marking an increase of about 174.5%[12]. - Cash and cash equivalents at the end of the period totaled CNY 11,516,382 thousand, up from CNY 5,742,344 thousand at the end of Q3 2023[17]. - Investment activities resulted in a net cash outflow of CNY 1,404,314 thousand, contrasting with a net inflow of CNY 2,354,418 thousand in the same period last year[16]. Shareholder Information - The company reported a total of 89,489 common shareholders at the end of the reporting period[8]. - The largest shareholder, China Petroleum & Chemical Corporation, holds 51.14% of the shares[8]. Research and Development - Research and development expenses increased to CNY 193,894 in 2024 from CNY 112,338 in 2023, reflecting a growth of approximately 72.5%[14]. Sales Performance - The company experienced a decline in sales volume and average prices of petroleum products, impacting overall performance[6]. - Total revenue from sales of goods and services was CNY 71,493,690 thousand, down from CNY 77,343,192 thousand year-over-year[16]. Financial Expenses - The company incurred financial expenses of CNY 125,314 thousand, a decrease from CNY 178,659 thousand in the previous year[15]. Borrowings - The company raised CNY 17,500,000 thousand through borrowings, compared to CNY 24,045,000 thousand in Q3 2023[17].