安源煤业(600397) - 2024 Q3 - 季度财报

Financial Performance - Operating revenue for Q3 2024 was CNY 1,184,987,451.72, a decrease of 27.85% compared to the same period last year[2]. - Net profit attributable to shareholders was a loss of CNY 80,977,822.14, with a year-to-date loss of CNY 186,023,388.55, reflecting a significant decline of 2,005.71% year-on-year[2][3]. - Basic earnings per share for Q3 2024 was -0.0818, compared to -0.1879 in the same period last year[3]. - Net profit for the third quarter of 2024 was a loss of CNY 185,304,727.69, compared to a profit of CNY 13,336,243.33 in the same quarter of 2023[16]. - The equity attributable to shareholders decreased by 27.92% to CNY 336,831,288.23 compared to the previous year[3]. - The total comprehensive income attributable to minority shareholders for Q3 2024 was CNY 718,660.86, compared to CNY 3,574,863.81 in the same period last year[17]. - Basic and diluted earnings per share for Q3 2024 were both CNY -0.1879, a decrease from CNY 0.0099 in Q3 2023[17]. Cash Flow and Liquidity - The net cash flow from operating activities for Q3 2024 was CNY 448,397,548.69, an increase of 330.12% year-to-date[2][7]. - Cash inflow from operating activities for the first nine months of 2024 was CNY 4,004,808,874.99, down 15.6% from CNY 4,746,801,472.90 in the same period of 2023[17]. - Cash outflow from operating activities for the first nine months of 2024 was CNY 3,530,722,333.06, a decrease of 24% compared to CNY 4,636,579,354.38 in 2023[17]. - Net cash flow from operating activities for the first nine months of 2024 was CNY 474,086,541.93, significantly up from CNY 110,222,118.52 in the same period last year[17]. - The ending balance of cash and cash equivalents as of Q3 2024 was CNY 611,020,074.58, compared to CNY 408,202,223.13 at the end of Q3 2023[18]. - The company’s cash and cash equivalents decreased significantly, impacting liquidity and operational flexibility[14]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,153,637,378.29, an increase of 3.25% from the end of the previous year[3]. - The company reported an increase in total liabilities to CNY 7,924,783,909.44 in Q3 2024, up from CNY 7,538,326,467.12 in Q3 2023[14]. - The total liabilities to equity ratio as of Q3 2024 was approximately 34.5%, indicating a higher leverage compared to the previous year[14]. - The equity attributable to shareholders of the parent company decreased to CNY 336,831,288.23 in Q3 2024, down from CNY 467,288,224.55 in Q3 2023[14]. - Total current assets increased to CNY 3,365,210,361.73 from CNY 3,164,209,456.36 at the end of 2023, reflecting a growth of approximately 6.34%[10]. - The company reported a decrease in long-term equity investments to CNY 104,271,253.29 from CNY 121,710,289.26, a decline of about 14.4%[12]. - Short-term borrowings increased to CNY 4,411,435,448.39 from CNY 3,850,233,247.56, reflecting an increase of approximately 14.6%[12]. Revenue and Costs - Total operating revenue for the first three quarters of 2024 was CNY 3,846,334,063.75, a decrease of 21.5% compared to CNY 4,902,430,662.36 in the same period of 2023[15]. - Total operating costs for the first three quarters of 2024 were CNY 4,018,703,528.10, down from CNY 4,884,928,461.26 in 2023, reflecting a reduction of 17.7%[15]. - The decrease in net profit was primarily due to a reduction in coal sales volume by 71,000 tons, resulting in a revenue loss of CNY 43,030,000, and a decline in coal prices leading to an additional loss of CNY 10,070,000[6]. - The company reported a significant impact on sales due to safety incidents and production halts in the Fengcheng area, leading to a total revenue loss of CNY 6,627,000 for the year-to-date[6]. Investments and Financing - Financial expenses for the first three quarters of 2024 were CNY 125,806,570.50, a decrease from CNY 155,608,718.49 in the same period of 2023[15]. - Cash inflow from financing activities for Q3 2024 was CNY 2,358,075,255.79, down 12.7% from CNY 2,702,461,089.76 in Q3 2023[18]. - Cash outflow from financing activities for Q3 2024 was CNY 2,568,287,588.87, a decrease from CNY 2,743,382,179.27 in the same period last year[18]. - The company reported an investment income of CNY 6,755,025.09 for Q3 2024, compared to CNY 5,486,159.27 in Q3 2023[16]. Future Outlook - The company plans to focus on cost control and efficiency improvements in the upcoming quarters to mitigate losses and improve profitability[16].