CSN(SH:600029)2024-10-28 11:17Financial Performance - Operating revenue for Q3 2024 reached RMB 49,871 million, an increase of 4.64% year-on-year[2] - Net profit attributable to shareholders decreased by 23.89% to RMB 3,193 million in Q3 2024[2] - Net profit excluding non-recurring gains and losses was RMB 2,885 million, down 24.26% compared to the same period last year[3] - Basic earnings per share for Q3 2024 was RMB 0.18, a decrease of 21.74% year-on-year[3] - Total operating revenue for the first three quarters of 2024 reached RMB 134,661 million, an increase of 12.7% compared to RMB 119,491 million in the same period of 2023[15] - Operating profit for the first three quarters of 2024 was RMB 2,731 million, down from RMB 3,644 million in the same period of 2023[17] - The net profit for Q3 2024 reached RMB 3,685 million, a significant increase of 33% compared to RMB 2,770 million in Q3 2023[18] - The total comprehensive income for Q3 2024 was RMB 3,555 million, up from RMB 2,688 million in the same period last year, reflecting a growth of 32.3%[19] - Basic earnings per share for Q3 2024 were RMB 0.11, compared to RMB 0.07 in Q3 2023, representing a 57.1% increase[19] - The company reported a net profit attributable to shareholders of the parent company was RMB 1,965 million, up 48.9% from RMB 1,320 million in Q3 2023[18] Assets and Liabilities - Total assets at the end of Q3 2024 amounted to RMB 315,952 million, reflecting a 2.18% increase from the end of the previous year[3] - Total assets amounted to RMB 315,952 million as of September 30, 2024, up from RMB 309,226 million at the end of 2023, indicating a growth of 2.3%[13] - Total liabilities increased to RMB 260,396 million as of September 30, 2024, compared to RMB 257,229 million at the end of 2023, reflecting a growth of 0.8%[14] - Non-current assets totaled RMB 283,918 million as of September 30, 2024, slightly up from RMB 281,485 million at the end of 2023[13] - The company reported a net loss of RMB 34,923 million in retained earnings as of September 30, 2024, an improvement from a loss of RMB 36,888 million at the end of 2023[14] - Current liabilities totaled CNY 129.436 billion, with short-term borrowings at CNY 51.362 billion[23] - Total liabilities reached CNY 257.229 billion, with non-current liabilities at CNY 127.793 billion[24] - The company has a long-term debt of CNY 38.130 billion and lease liabilities of CNY 69.232 billion[23] - The company recorded a negative retained earnings of CNY -36.888 billion[24] Cash Flow - Cash flow from operating activities for the year-to-date period was RMB 26,857 million, a decrease of 27.37% year-on-year[3] - Operating cash flow for the first nine months of 2024 was RMB 26,857 million, down 27.4% from RMB 36,979 million in the same period of 2023[20] - Cash inflow from operating activities totaled RMB 152,140 million, an increase of 9.3% from RMB 138,845 million in the previous year[20] - The company reported a net cash outflow from investing activities of RMB 10,612 million, worsening from RMB 6,633 million in the same period last year[21] - Total cash and cash equivalents at the end of Q3 2024 were RMB 9,514 million, down from RMB 14,191 million at the end of Q3 2023[21] - Cash and cash equivalents increased to RMB 11,535 million as of September 30, 2024, compared to RMB 9,924 million at the end of 2023, reflecting a growth of 16.2%[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 152,747[7] - The largest shareholder, China Southern Airlines Group Co., Ltd., held 51.90% of the shares[7] - China Southern Airlines Group holds 9,404,468,936 shares, representing 51.90% of total shares[10] - The largest shareholder, China Southern Airlines Group, has a significant stake compared to other shareholders, with the second-largest, Nanjing Long Holdings, holding 2,612,124,036 shares (14.41%)[10] - The company has a total of 320,484,148 shares held by China Securities Finance Corporation, representing 1.77% of total shares[10] - The report indicates that Spring Airlines holds 140,531,561 shares, which is 0.78% of total shares[10] - The company has a total of 103,847,141 shares held by the ICBC-HuaTai BaRui CSI 300 ETF, representing 0.57% of total shares[10] - The report highlights that the company has engaged in securities lending activities, with Spring Airlines lending 235,200 shares and ICBC-HuaTai BaRui lending 109,000 shares[10] - The company has a total of 100,582,508 shares held by the State-Owned Enterprise Structural Adjustment Fund, accounting for 0.56% of total shares[10] Guarantees and Financial Commitments - The company has provided guarantees totaling $48.88 million across various SPV companies[11] - The total amount guaranteed by SPV companies includes $5.88 million for South Airlines No. 9 and $5.17 million for South Airlines No. 10[11]