Yulong Gold(SH:601028)2024-10-29 09:25Financial Performance - The company's operating revenue for Q3 2024 was ¥418,673,847.26, a decrease of 40.79% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was ¥49,754,413.05, down 53.96% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥59,115,176.23, a decrease of 45.55% compared to the same period last year[2] - The basic earnings per share for Q3 2024 was ¥0.0640, reflecting a decline of 53.62% year-on-year[3] - Total operating revenue for the first three quarters of 2024 was CNY 1,300,070,902.21, a decrease of 19.8% compared to CNY 1,622,463,146.51 in the same period of 2023[19] - Net profit for the first three quarters of 2024 was CNY 283,456,040.55, a decline of 22.1% compared to CNY 363,815,211.90 in the same period of 2023[20] - Earnings per share (EPS) for the first three quarters of 2024 was CNY 0.3704, down from CNY 0.4660 in the same period of 2023[21] - The comprehensive income total for the first three quarters of 2024 was CNY 274,940,607.97, down from CNY 330,383,925.30 in the previous year[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,846,170,750.92, a decrease of 0.80% from the end of the previous year[3] - The company's total assets as of September 30, 2024, were RMB 9,846.17 million, a slight decrease from RMB 9,925.90 million at the end of 2023[17] - Current assets totaled RMB 8,029.26 million, down from RMB 8,216.75 million at the end of 2023[15] - Total liabilities decreased to CNY 6,228,897,740.84, down from CNY 6,504,921,380.41 year-on-year[18] - Total equity increased to CNY 3,617,273,010.08, compared to CNY 3,420,978,806.39 in the previous year[18] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥2,271,232,605.25, indicating a significant cash outflow[2] - In the first three quarters of 2024, the cash inflow from operating activities was CNY 4,100,725,434.62, a decrease of 33.67% compared to CNY 6,173,821,758.45 in the same period of 2023[22] - The net cash outflow from operating activities was CNY -2,271,232,605.25, contrasting with a net inflow of CNY 990,335,328.47 in the first three quarters of 2023[23] - The total cash and cash equivalents at the end of the period were CNY 399,027,130.87, down from CNY 1,168,995,445.41 at the end of the third quarter of 2023[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,049[9] - Major shareholder 济高（济南）资本投资有限公司 held 29.38% of the shares, amounting to 230,070,000 shares[9] Operational Changes - The company reduced its bulk trade business, which contributed to the decline in revenue and profit[6] - The company has committed to expanding its resource base and enhancing operational efficiency in the upcoming quarters[14] Investment and Expenses - The company reported a significant increase in financial expenses, which rose to CNY 119,132,144.40 from CNY 40,817,649.19 in the previous year[19] - The company experienced a decrease in investment income, reporting a loss of CNY 1,789,630.80 compared to a loss of CNY 401,582.98 in the same period of 2023[19] - The cash outflow for employee compensation was CNY 213,284,555.68, an increase of 20.66% from CNY 176,664,954.65 in the same period of 2023[23] - The cash outflow for taxes paid was CNY 276,098,361.27, up from CNY 246,025,486.43 in the previous year, reflecting a 12.2% increase[23] Gold Mining Business - In the first three quarters of 2024, the company's gold mining and selection business achieved operating revenue of RMB 1,185.41 million, a year-on-year increase of 24.20%[14] - The net profit for the same period was RMB 474.93 million, reflecting a year-on-year growth of 55.45%[14] - As of June 30, 2024, the Pakingo gold mine area had a gold metal resource of 2.223 million ounces (69.14 tons), an increase of 202,000 ounces (6.28 tons) compared to the same period last year[14]