LIUSTEELCO(SH:601003)2024-10-30 08:45Financial Performance - The company's operating revenue for Q3 2024 was ¥15,272,178,194.78, a decrease of 21.55% compared to the same period last year[2]. - The net profit attributable to shareholders of the listed company was -¥361,549,966.45 for Q3 2024, with a year-to-date net profit of -¥307,411,081.42, indicating a significant loss[2]. - The basic earnings per share for Q3 2024 was -¥0.14, and the diluted earnings per share was also -¥0.14[4]. - Total operating revenue for the first three quarters of 2024 was CNY 53.10 billion, a decrease of 6.7% compared to CNY 57.00 billion in the same period of 2023[13]. - Net profit for the first three quarters of 2024 was a loss of CNY 544.53 million, an improvement from a loss of CNY 982.79 million in the same period of 2023[15]. - The company reported a comprehensive loss of CNY 552.91 million for the first three quarters of 2024, compared to a loss of CNY 982.79 million in the same period of 2023[16]. - Operating revenue for Q3 2024 was approximately ¥31.90 billion, a decrease of 13.5% compared to ¥36.73 billion in Q3 2023[23]. - Net profit for Q3 2024 was a loss of approximately ¥106.80 million, an improvement from a loss of ¥120.46 million in Q3 2023[24]. Assets and Liabilities - The total assets at the end of Q3 2024 were ¥64,155,926,509.35, representing a decrease of 6.44% from the end of the previous year[4]. - The total equity attributable to shareholders of the listed company was ¥8,489,334,158.35 at the end of Q3 2024, down 3.65% from the previous year[4]. - The company's current assets decreased to CNY 14.30 billion from CNY 19.77 billion, representing a reduction of about 27.5%[10]. - The total liabilities decreased from CNY 47.31 billion to CNY 43.44 billion, indicating a reduction of about 8.5%[11]. - The total liabilities of the company decreased to CNY 19,828,985,588.37 as of September 30, 2024, from CNY 24,146,056,702.63 at the end of 2023, a reduction of about 17.8%[21]. - The total equity of Liuzhou Steel Co., Ltd. as of September 30, 2024, was CNY 9,238,138,189.98, a slight decrease from CNY 9,361,587,626.85 at the end of 2023, reflecting a decline of about 1.3%[21]. Cash Flow - The cash flow from operating activities for the year-to-date period was ¥146,991,711.95, showing an increase of 121.41% compared to the same period last year[2]. - Cash flow from operating activities generated CNY 146.99 million in the first three quarters of 2024, compared to CNY 66.39 million in the same period of 2023[17]. - Cash flow from operating activities for the first nine months of 2024 was negative at approximately -¥2.32 billion, compared to -¥2.78 billion in the same period of 2023[25]. - The net cash flow from investing activities was -CNY 1,637,309,466.50 for Q3 2024, compared to -CNY 1,370,544,714.58 in the same period of 2023, reflecting an increase in cash outflow of approximately 19.5%[19]. - The net cash flow from financing activities was -CNY 1,254,974,291.00 for Q3 2024, an improvement compared to -CNY 2,062,814,425.99 in Q3 2023, showing a reduction in cash outflow of about 39%[19]. Inventory and Costs - The company reported a decrease in inventory by approximately 30% compared to the beginning of the year, which effectively reduced capital occupation[6]. - Inventory levels dropped significantly from CNY 9.34 billion to CNY 6.43 billion, a decrease of approximately 30.7%[10]. - Total operating costs for the first three quarters of 2024 were CNY 53.71 billion, down 7.5% from CNY 58.24 billion in 2023[13]. - The company's inventory as of September 30, 2024, was CNY 2,849,150,791.77, significantly lower than CNY 4,518,056,059.46 at the end of 2023, indicating a decrease of approximately 37%[20]. Research and Development - Research and development expenses increased to CNY 1.01 billion in the first three quarters of 2024, up 4.4% from CNY 971.61 million in 2023[13]. - Research and development expenses decreased to approximately ¥332.15 million, down from ¥407.27 million in the same period last year, reflecting a reduction of 18.4%[23]. Strategic Initiatives - The company aims to continue its strategy of cost reduction, quality improvement, and efficiency enhancement to mitigate losses[6].