广汇能源(600256) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥9,142,604,571.67, a decrease of 36.87% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was ¥547,516,789.96, down 24.90% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥512,036,484.83, a decrease of 29.81% compared to the previous year[2] - For the first three quarters of 2024, total revenue reached CNY 26,391,147,532.75, a decline of 46.76% compared to the same period last year[11] - Total operating revenue for the first three quarters of 2024 reached CNY 26,391,147,532.75, compared to CNY 49,568,709,187.22 in the same period of 2023, indicating a significant decrease[34] - Operating profit for the first three quarters of 2024 was CNY 2,475,444,023.75, compared to CNY 6,004,848,153.17 in the previous year, reflecting a decline in profitability[35] - The total profit for the period is approximately CNY 2.41 billion, compared to CNY 5.99 billion in the previous period, indicating a significant decrease[36] - The net profit attributable to shareholders of the parent company is CNY 2.00 billion, down from CNY 4.85 billion year-over-year[36] - The total comprehensive income for the period is approximately CNY 1.90 billion, down from CNY 4.82 billion in the previous year[36] Assets and Liabilities - Total assets at the end of Q3 2024 were ¥54,849,149,998.45, a decline of 6.34% from the end of the previous year[3] - The equity attributable to shareholders decreased by 8.98% to ¥26,364,593,495.79 compared to the end of the previous year[3] - The company's total assets amounted to CNY 54,849,149,998.45, a decrease from CNY 58,563,493,722.06 in the previous year[34] - Total liabilities were reported at CNY 29,149,147,060.25, down from CNY 30,192,463,545.94 in the previous year[34] - Non-current liabilities totaled CNY 8,637,196,860.33, compared to CNY 8,495,277,660.29 in the previous year, indicating an increase[34] Cash Flow - The company's net cash flow from operating activities was CNY 4,066,844,476.52, an increase of 1.63% year-on-year[11] - Cash inflow from operating activities is CNY 25.38 billion, a decrease from CNY 50.46 billion in the previous year[39] - Cash outflow from investing activities resulted in a net cash flow of approximately -CNY 675.89 million, compared to -CNY 1.24 billion last year[40] - Cash inflow from financing activities totaled CNY 16.49 billion, slightly down from CNY 16.95 billion in the previous year[40] - The net cash flow from financing activities is -CNY 4.92 billion, compared to -CNY 3.86 billion in the same period last year[40] - The cash and cash equivalents at the end of the period amount to CNY 2.50 billion, down from CNY 2.77 billion at the end of the previous year[40] Production and Sales - The company achieved LNG production of 11,867.60 million cubic meters in Q3 2024, a decrease of 12.80% year-on-year[14] - LNG sales in Q3 2024 were 102,853.42 million cubic meters, down 27.73% year-on-year[14] - The company’s total LNG sales for the first three quarters were 320,698.22 million cubic meters, a decrease of 50.58% year-on-year[14] - The company’s coal production in Xinjiang increased by 17.4% year-on-year, reaching 37.3 million tons in the first three quarters[15] - In Q3 2024, the company achieved raw coal production of 11.8863 million tons, a year-on-year increase of 168.67%[18] - Coal sales in Q3 2024 reached 12.8963 million tons, representing a year-on-year growth of 91.05%[18] - For the first three quarters of 2024, raw coal production totaled 21.6530 million tons, up 32.80% year-on-year[18] - The company’s premium coal production decreased by 35.34% year-on-year in Q3 2024, totaling 649,000 tons[18] - The company’s methanol production in Q3 2024 was 186,400 tons, down 16.23% year-on-year[21] - The company’s coal-based oil product output in Q3 2024 was 105,900 tons, a decrease of 35.58% year-on-year[22] - The company’s coal chemical product sales in Q3 2024 were 481,200 tons, down 62.53% year-on-year[24] Market Conditions - The decline in revenue was primarily due to significant decreases in sales volume and prices of natural gas and coal chemical products[6] - The average domestic LNG ex-factory price was CNY 4,823.04 per ton, up 19.49% year-on-year[12] - The average price of Newcastle coal was USD 88.27 per ton, a decrease of 1.28% year-on-year[15] - The average price of Brent crude oil in Q3 2024 was $78.71 per barrel, down 8.4% year-on-year[20] - The average price of methanol in Inner Mongolia was 2067.73 yuan/ton in Q3 2024, a slight decrease of 0.06% year-on-year[20] Government and Projects - The company received government subsidies amounting to ¥39,162,332.74 during the reporting period[4] - The Marang coal mine project has received the mining license with an annual production capacity of 10 million tons, approved in October 2024[28] - The Kazakhstan Zhaisan oil and gas development project has injected a total of 240,380 cubic meters of nitrogen aerosol as of October 23, 2024, completing the scheduled injection work[28] - The company has been approved for a non-state trade import quota of 300,000 tons of crude oil for 2024[28] - The second phase of the carbon dioxide capture and utilization project aims for a capacity of 500,000 tons per year, with project notifications received in November 2023[31] - The company is actively developing a hydrogen energy industry, with a focus on establishing hydrogen production and application projects by 2025-2027[31] - The company is progressing with the 15 million tons per year coal quality utilization demonstration project, with various approvals and assessments underway[30] - The Jiangsu Nantong Port LNG receiving station project has completed the feasibility study report and is awaiting further evaluations[29] - The company has completed the drilling of two deep wells in the Zhaisan oil field, both showing good oil layer conditions for commercial development[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 160,790[7] - The basic earnings per share for the year-to-date period was ¥0.3050, reflecting a decrease of 58.72% year-on-year[2] - Basic and diluted earnings per share are both CNY 0.3050, compared to CNY 0.7388 in the same period last year[38]