2025-10-27 09:00Financial Performance - The company's operating revenue for Q3 2025 was CNY 36,148,319, a decrease of 23.8% compared to the same period last year[4] - The total profit for the period was CNY 6,969,098, reflecting a decline of 10.7% year-on-year[4] - The net profit attributable to shareholders was CNY 4,779,929, down 1.0% from the previous year[4] - Total revenue for the first three quarters of 2025 reached CNY 110,584,315 thousand, a decrease from CNY 140,412,180 thousand in the same period of 2024, representing a decline of approximately 21.2%[38] - Net profit for the first three quarters of 2025 was CNY 15,203,468 thousand, compared to CNY 19,017,963 thousand in 2024, reflecting a decrease of approximately 20.5%[39] - Operating profit for the first three quarters of 2025 was CNY 18,930,307 thousand, down from CNY 24,522,382 thousand in 2024, a decline of about 22.9%[39] - Net profit attributable to the parent company shareholders decreased to CNY 12,484,630 from CNY 14,614,069, representing a decline of approximately 14.6% year-over-year[40] - Total comprehensive income attributable to the parent company owners was CNY 12,376,095, down from CNY 14,289,514, reflecting a decrease of about 13.4%[40] Cash Flow and Financing - The cash flow from operating activities for the year-to-date was CNY 21,110,314, a decrease of 18.0% compared to the same period last year[4] - Operating cash flow for the first three quarters of 2025 was CNY 21,110,314, a decrease of 18.5% compared to CNY 25,756,764 in the same period of 2024[42] - Cash inflow from operating activities totaled CNY 130,952,806, down 17.8% from CNY 159,478,037 year-over-year[42] - Cash outflow from investing activities increased significantly to CNY 25,897,145 from CNY 13,047,025, indicating a rise of approximately 99.5%[43] - Net cash flow from financing activities decreased by 88.1% to -2.20 billion RMB, impacted by increased debt financing and reduced dividend payments[15] - The company reported a financial expense of CNY 1,516,364 thousand for the first three quarters of 2025, down from CNY 1,879,800 thousand in 2024, indicating a decrease of approximately 19.3%[39] Assets and Liabilities - The total assets at the end of the reporting period were CNY 366,801,669, representing a 2.5% increase from the end of the previous year[5] - Total liabilities as of September 30, 2025, were CNY 168,063,141 thousand, slightly up from CNY 165,718,374 thousand at the end of 2024, indicating an increase of about 1.4%[36] - The company's short-term borrowings increased by 74.3% to 1.85 billion RMB, reflecting the need for financing on key projects[14] - The company's total liabilities due within one year increased by 50.1% to 24.82 billion RMB, primarily due to reclassification of long-term borrowings[14] - The company reported a significant increase in other current assets, which rose by 46.8% to 3.82 billion RMB, mainly from reclassifying loans due within one year[14] Production and Sales - The coal production for the first nine months of 2025 was 10,158,000 tons, a slight decrease of 0.7% compared to the same period in 2024[9] - The sales volume of coal for the first nine months was 19,036,000 tons, down 7.4% year-on-year[9] - The production of urea increased by 21.5% year-on-year, reaching 159,400 tons[9] - The company's coal business revenue for the first nine months of 2025 was 89.33 billion RMB, a decrease of 24.2% compared to 117.85 billion RMB in the same period last year[16] - The sales revenue from self-produced coal was 48.13 billion RMB, down 16.0% year-on-year, primarily due to a price drop of 97 RMB/ton[16] - The total sales volume of self-produced coal increased by 1.07 million tons, contributing an additional 615 million RMB in revenue[16] - The coal business's gross profit for the first nine months of 2025 was 22.52 billion RMB, a decline of 23.0% from 29.25 billion RMB in the previous year[17] Shareholder Information - The company reported a total of 92,932 common stock shareholders as of September 30, 2025[28] - The largest shareholder, China Coal Energy Group, holds 57.43% of the company's total issued shares[31] - The company has not reported any significant changes in shareholder participation in margin financing and securities lending[31] Price and Cost Management - The unit sales cost of self-produced coal decreased to 257.67 RMB/ton, down 10.1% year-on-year, due to improved cost management and procurement practices[22] - Polyolefins sales volume decreased by 15.1% to 984,000 tons, with an average selling price drop of 6.1% to RMB 6,547 per ton[25] - Urea sales volume increased by 29.5% to 1,805,000 tons, but the average selling price fell by 18.2% to RMB 1,746 per ton[25] - Methanol sales volume rose by 28.9% to 1,495,000 tons, with a slight decrease in average selling price by 0.6% to RMB 1,757 per ton[25] - The average selling price for ammonium nitrate decreased by 13.9% to RMB 1,808 per ton, with sales volume remaining stable at 422,000 tons[25] Research and Development - Research and development expenses increased to CNY 15,348 thousand in 2025, compared to CNY 0 in 2024, indicating a focus on innovation[48]