SHANDONG STEEL(SH:600022)2024-10-30 09:02Financial Performance - The company's operating revenue for Q3 2024 was ¥19,119,146,642.24, a decrease of 10.71% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was -¥482,754,226.75, with a year-to-date net profit of -¥1,450,858,104.99[2] - The basic earnings per share for Q3 2024 was -0.0451, with a year-to-date figure of -0.1361[2] - Total operating revenue for the first three quarters of 2024 was CNY 64.33 billion, a decrease of 5.0% compared to CNY 68.38 billion in the same period of 2023[13] - Operating profit for the first three quarters of 2024 was a loss of CNY 1.56 billion, compared to a loss of CNY 154.91 million in the same period of 2023[13] - Net profit for the first three quarters of 2024 was a loss of CNY 1.58 billion, compared to a loss of CNY 47.86 million in the same period of 2023[14] - Basic and diluted earnings per share for the first three quarters of 2024 were both -CNY 0.1361, compared to -CNY 0.0317 in the same period of 2023[14] Assets and Liabilities - Total assets at the end of Q3 2024 were ¥66,788,674,038.38, reflecting a slight increase of 0.06% from the end of the previous year[3] - The total liabilities of Shandong Steel were RMB 37.83 billion, compared to RMB 36.13 billion at the end of 2023, representing an increase of approximately 4.69%[12] - The company's short-term borrowings surged to RMB 6.47 billion, up from RMB 3.65 billion, marking an increase of approximately 77.06%[12] - The inventory level rose to RMB 5.01 billion from RMB 4.81 billion, indicating an increase of about 4.18%[11] - Contract liabilities increased to RMB 2.64 billion from RMB 2.21 billion, reflecting a growth of approximately 19.19%[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 209,404[8] - The largest shareholder, Shandong Iron and Steel Group Co., Ltd., holds 39.93% of the shares[8] - Shareholders' equity attributable to shareholders decreased to ¥19,590,662,304.05, down 7.29% from the previous year[3] - The total equity attributable to shareholders decreased to RMB 19.59 billion from RMB 21.13 billion, a decline of about 7.25%[12] Cash Flow and Operating Activities - The company reported significant improvement in cash flow from operating activities year-to-date, primarily due to reduced cash payments for goods and services[7] - Cash flow from operating activities generated a net inflow of CNY 1.57 billion in the first three quarters of 2024, compared to a net outflow of CNY 176.04 million in the same period of 2023[15] - Cash and cash equivalents at the end of the third quarter of 2024 amounted to CNY 4.81 billion, an increase from CNY 5.21 billion at the end of the same period in 2023[16] - Cash and cash equivalents increased to RMB 6.84 billion from RMB 6.14 billion, reflecting a growth of about 11.29%[11] Expenses and Costs - Research and development expenses for the first three quarters of 2024 were CNY 1.42 billion, a decrease from CNY 1.53 billion in the same period of 2023[13] - Total operating costs for the first three quarters of 2024 were CNY 65.99 billion, down from CNY 68.82 billion in the same period of 2023[13] - The company experienced a decrease in sales expenses to CNY 223.23 million in the first three quarters of 2024, down from CNY 296.35 million in the same period of 2023[13] Other Income - Non-operating income for the current period amounted to ¥16,562,333.43, with government subsidies contributing ¥27,779,087.05[4] - The company reported a significant increase in interest income to CNY 89.80 million in the first three quarters of 2024, compared to CNY 68.09 million in the same period of 2023[13] - The company reported a significant increase in accounts receivable, which rose to RMB 690.62 million from RMB 373.92 million, representing an increase of approximately 84.67%[11]