CISC(601005)2024-10-30 10:55Financial Performance - The company's operating revenue for Q3 2024 was ¥5,512,047,598.34, a decrease of 38.88% compared to the same period last year[2]. - The net profit attributable to shareholders was -¥660,538,170.33, with a year-to-date net profit of -¥1,349,750,756.89, reflecting a significant loss[2]. - The basic earnings per share for the quarter was -¥0.07, and the diluted earnings per share was also -¥0.07[3]. - The total revenue for the first three quarters of 2024 was ¥20,598,066,793.49, down from ¥30,012,810,005.27 in the same period of 2023, indicating a decline of approximately 31.3%[11]. - Operating revenue for the first nine months of 2024 was 18,739,797,064.58 CNY, down from 33,753,223,919.81 CNY in the first nine months of 2023, reflecting a decline of approximately 44.5%[16]. - The total profit for the third quarter was -1,591,661,400.94 CNY, compared to -697,912,750.15 CNY in the previous year, reflecting a worsening financial position[16]. - Net profit for the first three quarters of 2024 was a loss of CNY 1.37 billion, compared to a loss of CNY 611.22 million in the same period of 2023[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥35,914,510,869.26, a decrease of 3.86% from the previous year[3]. - As of September 30, 2024, the total assets of Chongqing Iron and Steel Co., Ltd. amounted to ¥35,914,510,869.26, a decrease from ¥37,357,034,682.66 at the end of 2023, representing a decline of approximately 3.85%[9]. - The company's total current assets decreased to ¥5,142,598,207.08 from ¥6,051,987,303.55, reflecting a reduction of about 15.05%[9]. - The company's non-current assets totaled ¥30,771,912,662.18, down from ¥31,305,047,379.11, reflecting a decrease of about 1.7%[10]. - The total liabilities decreased slightly to ¥17,460,347,168.74 from ¥17,502,703,730.69, a reduction of approximately 0.24%[11]. - The total liabilities slightly decreased to 17,385,521,350.78 RMB from 17,421,172,819.40 RMB[20]. - The total assets decreased to 35,593,718,567.83 RMB from 37,065,704,726.71 RMB[20]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥1,090,217,210.52, an increase of 124.53% year-on-year due to reduced inventory funding[5]. - The cash flow from operating activities for the first nine months of 2024 was 1,090,217,210.52 CNY, compared to 485,559,661.12 CNY in the same period of 2023, indicating a positive change[16]. - The net cash flow from investing activities was -567,622,302.77 RMB, compared to -550,172,264.54 RMB in the previous period, indicating a decrease in investment cash flow[17]. - The total cash inflow from financing activities was 1,340,458,957.12 RMB, down from 2,200,000,000.00 RMB in the previous period[17]. - The net cash flow from financing activities improved to 95,919,821.38 RMB, compared to a negative cash flow of -1,166,508,587.31 RMB in the previous period[17]. - Cash flow from financing activities in 2024 was CNY 95.92 million, a significant improvement from a net outflow of CNY 1.17 billion in 2023[24]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 162,854[6]. - The largest shareholder, Chongqing Changshou Steel Co., Ltd., held 23.51% of the shares, with a total of 2,096,981,600 shares[6]. Expenses - The total operating costs for the first three quarters of 2024 were ¥22,226,320,228.66, compared to ¥30,724,930,412.41 in 2023, showing a decrease of about 27.7%[11]. - The total operating cost for the third quarter was 21,679,172,443.81 CNY, compared to 30,128,812,598.11 CNY in the previous year, showing a decrease of about 28.2%[16]. - Research and development expenses increased to 31,056,757.21 CNY in the third quarter of 2024, up from 20,915,197.39 CNY in the same quarter last year, representing a rise of approximately 48.3%[16]. - The company reported a decrease in sales expenses to 43,949,175.45 CNY in the third quarter of 2024, down from 60,808,157.92 CNY in the same period last year, a reduction of about 27.7%[16]. - The company’s financial expenses decreased to 153,667,079.25 CNY in the third quarter of 2024, down from 176,381,249.87 CNY in the same period last year, a decline of about 12.9%[16]. - The company's retained earnings showed a significant deficit of ¥10,319,009,213.17 compared to a deficit of ¥8,969,258,456.28 in the previous year[11]. - The company's retained earnings showed a decline, with a balance of -10,538,506,674.54 RMB compared to -9,165,758,405.37 RMB previously[20].