YNCE(SH:600792)2025-10-27 09:15Financial Performance - The company's operating revenue for the third quarter was ¥1,388,382,022.48, a decrease of 11.53% compared to the same period last year[4] - The total profit for the quarter was a loss of ¥20,895,288.91, with a year-to-date loss of ¥183,870,664.92[4] - The net profit attributable to shareholders was a loss of ¥18,335,920.67 for the quarter, and a loss of ¥181,786,652.55 year-to-date[4] - Total operating revenue for the first three quarters of 2025 was approximately ¥3.96 billion, a decrease of 23.1% compared to ¥5.14 billion in the same period of 2024[26] - The net profit for the first three quarters of 2025 was a loss of approximately ¥183.45 million, compared to a loss of ¥307.77 million in the same period of 2024, representing an improvement of 40.5%[28] - The company's operating revenue for the first three quarters of 2025 was CNY 3,088,829,162.07, a decrease of 27.2% compared to CNY 4,242,387,551.97 in the same period of 2024[38] - The net profit for the first three quarters of 2025 was CNY 4,275,605.99, recovering from a net loss of CNY 51,387,603.54 in the first three quarters of 2024[38] Cash Flow - The cash flow from operating activities for the year-to-date was ¥553,602,583.82, showing a significant increase of 1,021.86%[5] - Net cash flow from operating activities reached 1,021.86 million yuan, primarily due to a decrease in cash paid for raw material procurement compared to the same period last year[10] - The cash flow from operating activities for the first three quarters of 2025 was approximately ¥553.60 million, significantly up from ¥49.35 million in the same period of 2024[31] - The total cash flow from financing activities was negative CNY 457,673,810.90, compared to a positive cash flow of CNY 45,148,361.16 in the previous period[32] - The net cash flow from operating activities for the first three quarters of 2025 was CNY 534,712,509.47, a significant increase from CNY 150,527,063.17 in the same period of 2024, representing a growth of approximately 254%[39] - Total cash inflow from operating activities reached CNY 2,332,923,706.38, compared to CNY 1,941,565,740.92 in the previous year, indicating an increase of about 20%[39] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,588,959,598.14, a decrease of 12.70% from the end of the previous year[5] - The company's total assets decreased to CNY 6,593,032,885.73 from CNY 9,228,086,183.41 year-over-year[36] - The total liabilities as of the reporting date were approximately ¥5.68 billion, a decrease of 15.8% from ¥6.75 billion in the previous year[24] - The total liabilities decreased to CNY 3,140,457,948.18 from CNY 5,779,473,124.99 year-over-year[36] - The company's current liabilities totaled approximately 4.15 billion yuan, down from 5.24 billion yuan at the end of 2024[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,013[13] - The largest shareholder, Kunming Steel Holding Co., Ltd., holds 58.19% of the shares, amounting to 645,896,916 shares[13] - The total equity attributable to shareholders was approximately ¥2.84 billion, down from ¥3.02 billion in the previous year, reflecting a decrease of 5.9%[24] - The total equity increased slightly to CNY 3,452,574,937.55 from CNY 3,448,613,058.42 year-over-year[36] Expenses - The company reported a decrease in financial expenses, but still faced losses due to tight coking coal resources and insufficient demand from upstream steel mills[9] - The company reported a decrease in financial expenses by 38.09 million yuan due to lower financing costs and scale compared to the same period last year[10] - The company's financial expenses for the first three quarters of 2025 were approximately ¥67.34 million, down 38.2% from ¥108.77 million in the same period of 2024[27] - Research and development expenses for the first three quarters of 2025 were approximately ¥11.66 million, an increase of 18.7% compared to ¥9.81 million in the same period of 2024[27] - Research and development expenses increased significantly to CNY 5,487,478.57 from CNY 1,238,936.92 in the previous year, indicating a focus on innovation[38] Asset Management - Cash and cash equivalents increased to 54.73 million yuan due to the disposal of idle assets from Anning subsidiary and increased cash collections from Shizong company[10] - Accounts receivable decreased by 39.76 million yuan primarily due to a reduction in receivables from coke sales compared to the end of the previous year[10] - Prepayments increased by 458.49 million yuan mainly due to higher advance payments for raw coal procurement compared to the end of the previous year[10] - Contract liabilities rose by 111.10 million yuan as a result of increased prepayments for coking products compared to the end of the previous year[10] - Cash received from the disposal of fixed assets amounted to 412.63 million yuan, mainly from the disposal of idle fixed assets from Anning subsidiary[11] - The company approved the public transfer of idle assets from its Anning branch, with an assessed value of 72.19 million yuan, and successfully sold them for 122.24 million yuan[18] Legal Matters - The company is actively responding to a lawsuit regarding a railway cargo transport contract dispute, with court hearings held in August 2025[17] Future Plans - The company plans to apply for a loan of 19 million yuan from Bohai Bank, with a two-year term, secured by its subsidiary's property[17]