AYIS(SH:600569)2024-10-30 11:27Financial Performance - The company's operating revenue for Q3 2024 was ¥6,520,753,987.92, a decrease of 43.20% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was -¥912,594,750.70, with a year-to-date net profit of -¥2,175,653,622.31, reflecting significant losses[2]. - Total operating revenue for the first three quarters of 2024 was CNY 24.17 billion, a decrease of 25.7% compared to CNY 32.52 billion in the same period of 2023[15]. - Net profit for the first three quarters of 2024 was a loss of CNY 2.30 billion, compared to a loss of CNY 902.39 million in the same period of 2023[16]. - The company reported a net loss attributable to shareholders of the parent company of -2,175,653,622.31 RMB for the first three quarters of 2024, compared to a loss of -893,938,334.22 RMB in the same period of 2023[17]. - The company reported a total comprehensive income of -2,299,755,872.94 RMB for the first three quarters of 2024, compared to -902,387,303.38 RMB in the same period of 2023[17]. - For the first three quarters of 2024, the company reported a net loss of CNY 1,436,961,362.77, compared to a net loss of CNY 1,051,931,811.67 in the same period of 2023, representing an increase in losses of approximately 36.6%[24]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was -¥1,799,539,620.90, a decrease of 283.23% compared to the previous year[4]. - The net cash flow from operating activities for the first three quarters of 2024 was -1,799,539,620.90 RMB, compared to 982,138,359.70 RMB in the same period of 2023, indicating a significant decline[18]. - Total cash inflow from operating activities was 19,109,892,238.85 RMB, while cash outflow was 20,651,148,405.86 RMB, resulting in a net cash outflow of 1,541,256,167.01 RMB[26]. - The cash flow from investment activities showed a net outflow of -855,288,911.38 RMB, compared to -449,021,737.87 RMB in the previous year[27]. - Cash inflow from financing activities was 6,992,256,031.46 RMB, with a net cash flow of 1,616,579,882.09 RMB, contrasting with a net outflow of -925,423,770.26 RMB in 2023[27]. - The ending balance of cash and cash equivalents was 355,893,236.13 RMB, down from 1,118,333,473.75 RMB in the same period last year[27]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥43,005,795,864.41, a decrease of 1.16% from the end of the previous year[4]. - The equity attributable to shareholders at the end of Q3 2024 was ¥3,746,499,983.61, down 36.51% from the previous year[4]. - The company's total liabilities and shareholders' equity as of September 30, 2024, amounted to CNY 43.01 billion, a slight decrease from CNY 43.51 billion at the end of 2023[14]. - The company's total current liabilities increased to CNY 32.05 billion from CNY 31.66 billion at the end of 2023, reflecting a rise of 1.2%[14]. - The company's long-term borrowings decreased to CNY 820.76 million from CNY 1.25 billion at the end of 2023, a reduction of 34.4%[14]. - The company's total liabilities were CNY 28,818,611,295.75, down from CNY 29,276,806,706.20, indicating a reduction of about 1.6%[22]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 87,905[9]. - The largest shareholder, Anyang Iron and Steel Group Co., Ltd., holds 1,929,443,903 shares, representing 67.17% of total shares[9]. - The company has a significant pledge of shares, with 550,000,000 shares pledged by Anyang Iron and Steel Group Co., Ltd.[9]. Operational Challenges - The decline in revenue was attributed to a downturn in the industry market and persistently low steel prices[7]. - The company faced significant supply-demand imbalances and rising raw material prices, impacting profitability[7]. - The company has not provided any future outlook or performance guidance in the current report[11]. - The company is expected to continue facing challenges in cash flow management and operational efficiency in the upcoming quarters[28]. Research and Development - Research and development expenses for the first three quarters of 2024 were CNY 830.54 million, down from CNY 899.00 million in the same period of 2023, a decrease of 7.6%[15]. - Research and development expenses for the first three quarters of 2024 were CNY 598,506,878.39, compared to CNY 659,334,297.00 in 2023, reflecting a decrease of approximately 9.2%[24]. - The company has not disclosed any new product or technology developments in the current report[28].