凌钢股份(600231) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was CNY 3,691,760,589.15, a decrease of 23.61% compared to the same period last year[2]. - The net profit attributable to shareholders of the listed company was a loss of CNY 841,380,377.63 for Q3 2024, with a year-to-date loss of CNY 1,363,363,785.59[2]. - The basic and diluted earnings per share for Q3 2024 were both -CNY 0.30, reflecting a decrease of CNY 0.48 compared to the previous year[3]. - The weighted average return on equity for Q3 2024 was -13.40%, a decrease of 12.28 percentage points year-on-year[3]. - Total revenue for the first three quarters of 2024 was CNY 13,884,505,960.68, a decrease of 10.4% compared to CNY 15,521,534,021.31 in the same period of 2023[18]. - Total operating costs for the first three quarters of 2024 were CNY 15,231,667,897.38, down from CNY 15,788,249,193.01 in 2023, reflecting a reduction of 3.5%[18]. - The net profit for the third quarter of 2024 was -1,363,363,785.59 CNY, compared to -201,179,672.40 CNY in the same period last year, indicating a significant increase in losses[20]. - Operating profit for the third quarter was -1,494,153,981.15 CNY, a decline from -273,960,788.56 CNY year-over-year[20]. Assets and Liabilities - Total assets at the end of Q3 2024 were CNY 15,279,496,339.24, down 7.17% from the end of the previous year[3]. - The equity attributable to shareholders of the listed company decreased by 19.17% to CNY 6,000,424,531.89 compared to the end of the previous year[3]. - Current liabilities totaled CNY 6,769,431,290.58, down from CNY 7,325,195,877.42, a decrease of 7.6%[16]. - Non-current liabilities increased to CNY 2,509,640,516.77 from CNY 1,711,926,474.13, representing a significant increase of 46.5%[16]. - The company's total assets decreased to CNY 15,279,496,339.24 from CNY 16,460,269,457.20, indicating a decline of 7.2%[16]. - The company's equity attributable to shareholders decreased to CNY 6,000,424,531.89 from CNY 7,423,147,105.65, a decline of 19.1%[17]. Cash Flow - The net cash flow from operating activities for the year-to-date was -CNY 384,066,370.02, reflecting a decline of 160.67%[3]. - The cash flow from operating activities showed a net outflow of -384,066,370.02 CNY, contrasting with a net inflow of 633,018,811.37 CNY in the same period last year[22]. - The total cash inflow from operating activities was 14,314,521,872.14 CNY, while cash outflow was 14,698,588,242.16 CNY, leading to a negative cash flow situation[22]. - The net cash flow from financing activities was 241,938,866.66 CNY, compared to a negative cash flow of -108,932,169.33 CNY in the previous period[23]. - Cash and cash equivalents at the end of the period amounted to 1,383,909,316.74 CNY, down from 734,437,134.95 CNY in the previous period[23]. - The net increase in cash and cash equivalents was -592,689,988.67 CNY, a decline from an increase of 124,608,881.88 CNY in the previous period[23]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 46,607[6]. - As of September 30, 2024, Lingyuan Steel Co., Ltd. repurchase account holds 41,299,554 shares, accounting for 1.45% of the total share capital[9]. - The top 10 shareholders include Lingyuan Steel Group with 1,054,357,266 shares (36.97%), Tianjin Taiyue Investment Management with 595,530,829 shares (20.88%), and Jiujiang Pinggang Steel Co., Ltd. with 311,179,639 shares (10.91%)[10]. - The total number of shares held by the top 10 unrestricted shareholders is 2,868,000,000 shares, representing a significant portion of the company's equity[10]. - The company has a diverse shareholder base, with significant stakes held by various investment funds and asset management companies[10]. Related Party Transactions - Major related party transactions include the purchase of iron concentrate from Lingyuan Steel Group for 1,320,074,140.85 RMB, accounting for 30.12% of similar transaction amounts, and the purchase of coke for 879,474,690.69 RMB, accounting for 27.92%[11]. - The company maintains a strategy of monthly settlement and immediate payment for related party transactions, ensuring liquidity[11]. - The report indicates no known related party relationships among the top shareholders, except for Lingyuan Steel Group as the controlling shareholder[10]. Market and Operational Strategy - The company reported a significant impact on profits due to lower steel prices and losses from the disposal of fixed assets[5]. - The overall market strategy includes leveraging shareholder relationships for operational efficiency and cost management[11]. - The company is actively engaged in the market for various products, including iron ore and steel, with significant transactions reported[12]. Research and Development - Research and development expenses increased to 7,044,031.68 CNY from 6,366,536.04 CNY year-over-year, reflecting a focus on innovation[20]. Financial Reporting - The company did not apply new accounting standards for the current reporting period[24]. - The report was released on October 29, 2024, by the board of directors of Lingyuan Steel Co., Ltd.[24].