Financial Performance - Operating revenue for the third quarter was RMB 23,812 million, a decrease of 7.99% compared to the same period last year[3]. - Net profit attributable to shareholders was a loss of RMB 2,395 million, representing a decline of 211.44% year-on-year[3]. - Basic earnings per share were RMB -0.255, down 210.98% from the previous year[3]. - Total operating revenue for the first nine months of 2024 was RMB 79,261 million, a decrease of 7.8% compared to RMB 85,946 million in the same period of 2023[26]. - Net profit for the first nine months of 2024 was a loss of RMB 5,058 million, compared to a loss of RMB 2,085 million in the same period of 2023, indicating a significant decline in profitability[28]. - The company reported a total comprehensive loss of RMB 5,042 million for the first nine months of 2024, compared to a loss of RMB 2,045 million in the same period of 2023[29]. - Net profit for the first nine months of 2024 was a loss of RMB 4,696 million, compared to a loss of RMB 1,613 million in the same period of 2023[41]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 98,898 million, an increase of 1.43% compared to the end of the previous year[4]. - Equity attributable to shareholders decreased by 9.37% to RMB 49,632 million[4]. - The total assets and shareholders' equity as of September 30, 2024, were RMB 98,898 million and RMB 50,625 million, respectively, compared to RMB 97,506 million and RMB 55,605 million as of December 31, 2023[25]. - Total liabilities rose to RMB 48,273 million from RMB 41,901 million as of December 31, 2023[24]. - The company's total liabilities increased from RMB 41,745 million at the end of 2023 to RMB 48,273 million by September 30, 2024[25]. - Current assets totaled RMB 21,401 million as of September 30, 2024, an increase of 4.0% from RMB 20,582 million at the end of 2023[37]. - The company's accounts receivable increased by RMB 1,236 million compared to the end of the previous year, mainly due to an increase in receivables from export products and customer products[9]. Cash Flow - Cash flow from operating activities decreased by RMB 3,192 million compared to the same period last year, mainly due to a decrease in cash received from sales of goods and services by RMB 15,722 million[13]. - Cash flow from financing activities increased by RMB 4,127 million compared to the same period last year, primarily due to an increase in cash received from loans by RMB 4,847 million[14]. - Cash flow from operating activities for the first nine months of 2024 was a net outflow of RMB 313 million, a decline from a net inflow of RMB 2,879 million in the same period of 2023[31]. - Financing activities generated a net cash inflow of RMB 2,346 million in the first nine months of 2024, a recovery from a net outflow of RMB 1,781 million in the same period of 2023[34]. - Cash inflow from financing activities reached 11,920 million in 2024, a significant increase of 53.7% from 7,781 million in 2023[48]. - Net cash flow from financing activities improved to 2,267 million in 2024, compared to a net outflow of (1,573) million in 2023[48]. Investments and Expenses - Research and development expenses for the first nine months of 2024 were RMB 295 million, down from RMB 357 million in the same period of 2023, reflecting a 17.4% decrease[26]. - The company reported a decrease in research and development expenses to RMB 255 million, down 15.6% from RMB 302 million in the same period of 2023[40]. - Investment activities resulted in a net cash outflow of RMB 2,241 million for the first nine months of 2024, compared to RMB 2,023 million in the same period of 2023[33]. - Cash outflow from investment activities was 2,477 million in 2024, up from 2,065 million in 2023, representing an increase of 20%[46]. Shareholder Actions - The company completed the repurchase and cancellation of 450,666 restricted shares, reducing total shares from 9,383,851,972 to 9,383,401,306[22]. - The company plans to repurchase an additional 14,180,048 restricted shares, pending shareholder approval[22].
鞍钢股份(00347) - 2024 Q3 - 季度业绩