CITIC Metal (SH:601061)2024-10-28 11:02Financial Performance - The company's operating revenue for Q3 2024 was ¥30,807,142,504.03, a decrease of 8.21% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was ¥610,418,726.13, an increase of 20.83% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥629,411,606.56, up 23.15% from the previous year[2] - Total operating revenue for the first three quarters of 2024 reached CNY 95.06 billion, a slight increase from CNY 94.78 billion in the same period of 2023, representing a growth of 0.3%[12] - Operating profit for the first three quarters of 2024 was CNY 1.87 billion, compared to CNY 1.65 billion in 2023, reflecting an increase of 13.8%[13] - Net profit for the first three quarters of 2024 was CNY 1.72 billion, up from CNY 1.57 billion in 2023, marking a growth of 9.1%[13] Assets and Liabilities - The total assets at the end of the reporting period reached ¥50,165,631,140.12, reflecting a growth of 12.77% compared to the end of the previous year[3] - The company's total assets reached CNY 50.17 billion in Q3 2024, up from CNY 44.49 billion in Q3 2023, representing an increase of 12.1%[11] - Current assets totaled CNY 29.71 billion, up from CNY 25.61 billion at the end of 2023, indicating a growth of about 23.5%[9] - The total liabilities increased to CNY 29.71 billion, compared to CNY 25.61 billion at the end of 2023, indicating a growth of about 16.5%[10] - Total liabilities increased to CNY 29.17 billion in Q3 2024 from CNY 25.37 billion in Q3 2023, an increase of 14.0%[11] - Non-current liabilities rose to CNY 5.11 billion in Q3 2024, compared to CNY 3.46 billion in Q3 2023, indicating a growth of 47.6%[11] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥2,363,560,886.97, a decline of 183.63% compared to the same period last year[2] - The cash inflow from operating activities was approximately ¥107.39 billion, a decrease of 1.06% compared to ¥109.55 billion in the same period of 2023[15] - The net cash outflow from operating activities was approximately -¥2.36 billion, contrasting with a net inflow of ¥2.83 billion in the first three quarters of 2023[16] - The cash inflow from investment activities was approximately ¥1.29 billion, compared to a net outflow of approximately -¥11.67 million in the same period of 2023[16] - The net cash inflow from financing activities was approximately ¥999.08 million, an increase from ¥472.12 million in the first three quarters of 2023[16] - The total cash and cash equivalents at the end of the third quarter of 2024 was approximately ¥4.83 billion, down from ¥5.99 billion at the end of the third quarter of 2023[17] Shareholder Information - The total number of common shareholders at the end of the reporting period was 98,590[7] - The company has not reported any changes in major shareholders or significant events affecting the business during the reporting period[9] Investments and Projects - The company is focusing on enhancing its non-ferrous metal business and expanding overseas projects, such as the Congo (Kinshasa) KK copper mine and the Peru Bamba copper mine, which have shown stable operational performance[6] - The company has increased prepayments to mines to secure high-quality upstream resources, contributing to the negative cash flow from operating activities[6] Other Financial Metrics - The weighted average return on equity was 2.93%, a decrease of 0.15 percentage points year-on-year[3] - Research and development expenses for the first three quarters of 2024 were CNY 24.56 million, slightly down from CNY 24.73 million in 2023[12] - Basic earnings per share for the first three quarters of 2024 were CNY 0.35, compared to CNY 0.33 in the same period of 2023, reflecting an increase of 6.1%[14] - The company reported an investment income of CNY 1.70 billion for the first three quarters of 2024, significantly higher than CNY 621.17 million in 2023, indicating a growth of 173.5%[12] - Other comprehensive income after tax attributable to the parent company was CNY 1.51 billion in Q3 2024, down from CNY 1.93 billion in Q3 2023, a decrease of 22.0%[14] Changes in Receivables and Payables - The company reported a significant increase in other receivables, which rose to CNY 2.22 billion from CNY 1.11 billion, a growth of approximately 99.9%[9] - The company's deferred tax assets increased to CNY 159.63 million from CNY 26.85 million, reflecting a growth of about 493.5%[10] Employee and Tax Payments - The company reported a significant increase in cash payments to employees, totaling approximately ¥247.19 million, compared to ¥215.24 million in the same period of 2023[16] - The company experienced a decrease in tax payments, which amounted to approximately ¥250.58 million, down from ¥338.88 million in the previous year[16] Exchange Rate Impact - The impact of exchange rate fluctuations on cash and cash equivalents was a decrease of approximately -¥31.54 million, compared to an increase of ¥20.41 million in the same period of 2023[17]