上峰水泥(000672) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was CNY 1,423,153,585.57, a decrease of 14.71% compared to the same period last year, and a total revenue of CNY 3,815,489,988.55 for the year-to-date, down 21.77% year-on-year [3]. - Net profit attributable to shareholders for Q3 2024 was CNY 233,594,232.03, an increase of 38.09% year-on-year, while the year-to-date net profit was CNY 404,407,085.06, down 42.27% year-on-year [3]. - The company reported a 21.77% decline in revenue to ¥3,815,489,988.55, primarily due to a 4.78% drop in sales volume and a 16.26% decrease in average selling prices [14]. - Total operating revenue for the current period is CNY 3,815,489,988.55, a decrease of 21.8% compared to CNY 4,877,312,291.59 in the previous period [23]. - Net profit for the current period is CNY 377,482,429.11, a decline of 46.5% compared to CNY 704,944,620.82 in the previous period [23]. - Earnings per share for the current period is CNY 0.42, down from CNY 0.72 in the previous period [24]. - The company’s total comprehensive income for the current period is CNY 372,551,631.28, down from CNY 704,853,315.39 in the previous period [24]. Sales and Production - The average selling price of cement products decreased by 14.46% year-on-year, and the average selling price of clinker dropped by 22.82% year-on-year [9]. - The company produced 11,119,800 tons of clinker and 11,673,000 tons of cement from January to September 2024, representing a year-on-year decrease of 5.25% and 4.66%, respectively [8]. - The company sold 6,322,700 tons of sand and gravel aggregates in the first three quarters, a decrease of 416,560 tons year-on-year [10]. Costs and Margins - The gross profit margin for the company's operating business was 26.71%, and the net profit margin was 9.89% for the first three quarters [7]. - Operating costs decreased by 20.60% to ¥2,796,341,842.15, attributed to lower raw material prices [14]. - Total operating costs for the current period are CNY 3,502,090,607.11, down 16.8% from CNY 4,211,751,148.98 in the previous period [23]. Cash Flow and Investments - The company's cash and cash equivalents decreased by 8.55% to ¥3,692,877,195.31 due to expenditures on cement-related projects, new investments, and cash dividends [12]. - The net cash flow from operating activities decreased by 7.34% to ¥737,818,666.75, with a reduction in prepaid goods and an increase in contract prepayments [15]. - The company’s investment activities generated a net cash outflow of ¥1,105,059,782.10, mainly for cement project construction and investments in joint ventures [15]. - Total cash inflow from investment activities was ¥997,559,640.53, an increase of 19.5% from ¥834,887,525.22 in the previous period [26]. - Net cash flow from investment activities was -¥1,105,059,782.10, worsening from -¥565,477,533.96 in the previous period [26]. Assets and Liabilities - The company's cash and cash equivalents decreased to CNY 3,692,877,195.31 from CNY 4,037,976,314.28 [20]. - Total assets decreased to CNY 17,710,028,008.26 from CNY 17,924,743,679.09 [20]. - Total liabilities amount to CNY 8,274,895,626.36, a slight decrease from CNY 8,336,989,379.06 in the previous period [21]. - Total equity stands at CNY 9,435,132,381.90, down from CNY 9,587,754,300.03 in the previous period [21]. - Non-current liabilities total CNY 2,935,157,515.75, a decrease from CNY 3,080,362,716.88 in the previous period [21]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 48,423 [16]. - Zhejiang Shangfeng Holding Group Co., Ltd. holds 31.15% of shares, totaling 301,975,579 shares [16]. - The company has a total of 99,100,000 shares pledged by Zhejiang Shangfeng Holding Group Co., Ltd. [16]. - The company reported a total of 29,322,161 unrestricted shares held in the repurchase special securities account [17]. Future Outlook and Projects - The company is actively pursuing new economic investments in semiconductor and renewable energy sectors, with projects gradually contributing to revenue [11]. - The company is continuing the construction of a 5 million-ton aggregate production line project in Duyun, which is expected to enhance its operational capacity [10].