苏能股份(600925) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 reached ¥3,694,888,797.31, representing a 57.09% increase compared to the same period last year[4]. - Net profit attributable to shareholders decreased by 26.18% to ¥307,490,891.93 for Q3 2024, and by 33.60% to ¥1,252,033,549.63 for the year-to-date[4]. - The basic earnings per share for Q3 2024 was ¥0.04, down 33.33% year-on-year, while the year-to-date figure was ¥0.18, down 35.71%[4][8]. - The weighted average return on equity decreased by 0.74 percentage points to 2.00% for Q3 2024, and by 5.69 percentage points to 7.83% year-to-date[4]. - The company reported a net profit margin improvement, with net profit for the first three quarters of 2024 showing a positive trend compared to the previous year, although specific figures were not disclosed in the provided data[21]. - The net profit for the third quarter of 2024 was CNY 1,441,352,500.81, a decrease of 30.5% compared to CNY 2,073,742,555.96 in the same period of 2023[22]. - The total profit for the third quarter was CNY 1,951,523,164.96, down from CNY 2,539,049,058.91, reflecting a decline of 23.1% year-over-year[22]. - Operating profit for the third quarter was CNY 1,967,112,383.19, compared to CNY 2,552,639,401.89 in the previous year, marking a decrease of 22.9%[22]. - The total comprehensive income for the third quarter was CNY 1,444,066,354.27, compared to CNY 2,076,311,964.34 in the previous year, indicating a decrease of 30.5%[23]. - Basic earnings per share for the third quarter were CNY 0.18, down from CNY 0.28 in the same period of 2023, a decline of 35.7%[23]. Revenue and Sales - The increase in operating revenue was primarily driven by the commissioning of new power plants and an increase in coal sales[8]. - Total operating revenue for the first three quarters of 2024 reached CNY 10,422,463,260.56, an increase from CNY 8,636,765,916.06 in the same period of 2023, representing a growth of approximately 20.7%[21]. - The total sales volume of commercial coal was 1,258.10 million tons, up 26.23% from 996.71 million tons year-on-year[12]. - The sales revenue from commercial coal amounted to 552,483.22 million yuan, reflecting a slight increase of 1.83% compared to 542,579.90 million yuan in the previous year[12]. - The gross profit from commercial coal sales decreased by 16.99%, totaling 257,582.17 million yuan compared to 310,297.89 million yuan in the same period last year[12]. Assets and Liabilities - Total assets at the end of Q3 2024 amounted to ¥39,185,066,901.60, reflecting a 3.41% increase from the end of the previous year[4]. - The company's total assets increased to CNY 39,185,066,901.60 in Q3 2024, compared to CNY 37,891,976,477.11 in Q3 2023, reflecting a growth of approximately 3.4%[20]. - Total liabilities as of Q3 2024 were CNY 21,259,944,810.99, up from CNY 20,153,682,247.48 in the previous year, marking an increase of about 5.5%[19]. - The company's total equity as of Q3 2024 was CNY 17,925,122,090.61, up from CNY 17,738,294,229.63 in the previous year, reflecting a growth of approximately 1.1%[20]. - The total non-current assets reached CNY 27,544,626,464.89 in Q3 2024, compared to CNY 25,004,966,663.66 in Q3 2023, showing an increase of about 10.2%[18]. Cash Flow - The company reported a net cash flow from operating activities of ¥2,981,454,882.79 year-to-date, which is a decrease of 6.66% compared to the previous year[4]. - The cash flow from operating activities for the first three quarters of 2024 was CNY 2,981,454,882.79, down from CNY 3,194,054,764.71 in the same period of 2023, a decline of 6.7%[26]. - The company reported a net cash outflow from investing activities of CNY -3,687,080,751.40 for the first three quarters of 2024, compared to CNY -2,936,952,478.92 in the same period of 2023[26]. - The total cash inflow from financing activities was CNY 3,280,423,490.97, down from CNY 7,227,750,414.49 in the previous year, a decline of 54.5%[27]. - The company experienced a net cash decrease of CNY -1,905,196,834.29 in the third quarter, compared to an increase of CNY 2,198,067,371.04 in the same period of 2023[27]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 118,974[9]. - The major shareholder, Xuzhou Mining Group Co., Ltd., holds a 76.69% stake in the company[10]. - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending activities[11]. Challenges and Issues - The company faced challenges due to a decline in coal prices and tax provisions from subsidiaries, impacting overall profitability[8]. - The company has accrued corporate income tax of 103,892,589.61 yuan for the reporting period, which will not significantly impact its operations[14]. - The company is currently facing tax compliance issues related to its subsidiary, Tianshan Mining, regarding the 2020 corporate income tax[14]. - Accounts receivable increased significantly to 1,852,033,643.49 yuan from 931,881,151.35 yuan at the end of 2023[15]. Research and Development - Research and development expenses for the first three quarters of 2024 amounted to CNY 234,570,329.57, slightly down from CNY 249,416,807.72 in 2023[21].