潞安环能(601699) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥8,994,602,891.78, a decrease of 19.19% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥571,779,036.10, down 71.03% year-on-year[2]. - Basic earnings per share for Q3 2024 were ¥0.20, a decrease of 69.70% year-on-year[4]. - Net profit for the first three quarters of 2024 was CNY 3.44 billion, a decline of 57.7% compared to CNY 8.15 billion in the same period of 2023[21]. - Earnings per share for the first three quarters of 2024 were CNY 0.94, down from CNY 2.43 in the same period of 2023[21]. - The company reported a decrease in comprehensive income attributable to shareholders of the parent company to CNY 2.79 billion in Q3 2024 from CNY 7.27 billion in Q3 2023, a decline of 61.6%[21]. - The company reported a basic earnings per share of CNY 0.57 for the first three quarters of 2024, down from CNY 1.79 in 2023[28]. Cash Flow and Liquidity - The net cash flow from operating activities for the period was ¥878,937,504.74, reflecting a significant decline of 85.81% compared to the previous year[2]. - The net cash flow from operating activities decreased by 59.78% due to a reduction in cash received from sales of goods and services[9]. - The cash inflow from operating activities for the first three quarters of 2024 was CNY 27,429,142,592.86, a decrease of 22.0% compared to CNY 35,149,338,370.89 in the same period of 2023[22]. - The net cash outflow from operating activities was CNY 3,733,429,049.94, down 59.9% from CNY 9,282,027,664.67 in the previous year[23]. - The total cash outflow from financing activities was CNY 6,730,473,726.50, significantly reduced from CNY 15,487,941,316.59 in 2023[23]. - The cash and cash equivalents at the end of September 2024 amounted to CNY 21,156,994,965.00, down from CNY 25,855,606,249.48 at the end of 2023[24]. - The company reported cash received from investment income of approximately $118.73 million, a decrease from $673.79 million in the previous period[31]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥92,734,221,608.20, representing an increase of 6.88% from the end of the previous year[4]. - The company's total assets reached 92.73 billion RMB, compared to 86.76 billion RMB at the end of 2023, representing an increase of approximately 6.8%[17]. - Total liabilities increased to CNY 43.73 billion in Q3 2024 from CNY 37.34 billion in Q3 2023, representing a growth of 16.7%[18]. - The company's total equity decreased to CNY 49.01 billion in Q3 2024 from CNY 49.42 billion in Q3 2023, a decline of 0.8%[18]. - The company's non-current liabilities rose to 36.37 billion RMB, up from 29.91 billion RMB, marking an increase of about 21.5%[17]. - The total liabilities rose to CNY 42,265,277,701.14 in Q3 2024, up from CNY 33,124,717,150.33 in Q3 2023, indicating a growth of 27.5%[26]. Operational Highlights - The company reported a raw coal production of 42.47 million tons and a sales volume of 38.07 million tons, with an average selling price of 662.15 RMB per ton, generating a total sales revenue of 2,521.026 million RMB[14]. - The company reported a gross profit of 1,089.12 million RMB from its coal sales, with a cost of sales amounting to 1,431.91 million RMB[14]. - The company experienced a 1,104.28% increase in trading financial assets due to reverse repos of government bonds[7]. - The company reported a significant increase in prepayments by 294.70%, primarily due to increased prepaid freight and coal payments[7]. Expenses and Impairments - The company recorded a loss of ¥19,341,535.39 from other operating income and expenses during the period[6]. - The company reported an asset impairment loss of 2,896.73 million, indicating a significant increase in impairment provisions[9]. - Financial expenses increased to 905.85 million, mainly due to unrecognized financing costs from lease liabilities and estimated liabilities[9]. - The company experienced a decrease in other income by 62.40 million, mainly due to a reduction in government subsidies received[9]. - Research and development expenses for the first three quarters of 2024 were CNY 808.18 million, a decrease of 17.0% compared to CNY 974.06 million in the same period of 2023[20]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 59,091[10]. - The largest shareholder, Shanxi Lu'an Mining (Group) Co., Ltd., holds 1,487,926,512 shares, accounting for 49.74% of the total shares[11].