BSU(SH:600010)2025-10-27 11:15Financial Performance - The net profit attributable to shareholders for the first three quarters reached CNY 233 million, an increase of CNY 74.9 million year-on-year[3]. - Total revenue for the reporting period was CNY 16.75 billion, representing a year-on-year increase of 14.29%[7]. - The total profit for the period was CNY 140.87 million, with a total profit of CNY 309.25 million year-to-date[7]. - The basic earnings per share for the reporting period was CNY 0.0018, with a diluted earnings per share also at CNY 0.0018[7]. - Net profit attributable to the parent company for the first three quarters of 2025 was CNY 6.13 billion, compared to CNY 5.98 billion in 2024, reflecting a growth of 2.5%[19]. - The net profit for the first three quarters of 2025 is CNY 239,016,879.88, a significant recovery from a net loss of CNY 695,344,008.22 in the same period of 2024[21]. - Operating profit for the current period is CNY 321,745,496.20, compared to an operating loss of CNY 676,711,598.49 in the previous year[21]. - Total revenue for the first three quarters of 2025 was ¥45.27 billion, a decrease of 7.5% compared to ¥48.71 billion in the same period of 2024[32]. - Net profit for the first three quarters of 2025 was ¥319.31 million, a decline of 15.9% compared to ¥379.64 million in 2024[33]. Production and Sales - The company produced 7.1114 million tons of specialty steel from January to September, up 18.1% year-on-year, with rare earth steel new material output increasing by 8.28%[4]. - The sales volume of heavy rails increased by 23.59%, oriented silicon steel sales surged by 375.27%, and automotive steel sales rose by 20.1% during the same period[4]. Costs and Expenses - The manufacturing cost per ton of steel decreased by 2.45% compared to the previous year, following a 2.8% reduction in the prior year[4]. - Total operating costs for the first three quarters of 2025 were CNY 47.65 billion, down 5.2% from CNY 50.24 billion in 2024[20]. - Research and development expenses increased significantly to CNY 712.82 million, up 92.3% from CNY 370.58 million in the previous year[20]. - Research and development expenses increased significantly to ¥545.93 million, up 126.7% from ¥240.71 million in 2024[33]. Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 155.47 billion, reflecting a 0.22% increase from the end of the previous year[7]. - Total assets as of the end of the reporting period amounted to ¥157.37 billion, an increase from ¥153.97 billion year-over-year[30]. - Total liabilities increased to CNY 93.99 billion, compared to CNY 93.82 billion in the previous year, indicating a rise of 0.2%[19]. - Total liabilities reached ¥98.88 billion, up from ¥95.72 billion in the previous year[30]. - Non-current liabilities totaled ¥25.02 billion, an increase of 9.8% from ¥22.79 billion in 2024[30]. Cash Flow - Cash flow from operating activities for the first three quarters of 2025 is CNY 740,107,618.48, down from CNY 897,619,923.10 in 2024[25]. - The company incurred a net cash outflow from investing activities of CNY 1,388,076,452.60 in the first three quarters of 2025, compared to CNY 1,960,808,716.65 in 2024[26]. - The net cash flow from investment activities was -¥1,397,378,365.07 in 2025, an improvement from -¥1,913,449,502.01 in 2024, indicating a reduction in cash outflow by approximately 27%[36]. - The total cash outflow from operating activities was ¥53,904,402,658.02 in 2025, compared to ¥55,944,319,135.58 in 2024, reflecting a decrease of approximately 3.7%[36]. Shareholder Information - The top shareholder, Baotou Steel (Group) Co., Ltd., holds 55.38% of the shares, amounting to 25,082,792,537 shares[12]. - The total number of ordinary shareholders at the end of the reporting period was 830,188[12]. - The company has repurchased a total of 18,322,600 shares, representing 0.040% of the total share capital, with a total expenditure of RMB 41,500,026[14]. - The company plans to repurchase shares with a total amount not less than RMB 100 million and not exceeding RMB 200 million within 12 months[14]. - The maximum repurchase price for shares is set at RMB 2.73 per share[14]. Inventory and Receivables - The accounts receivable increased to RMB 4,257,551,255.83 from RMB 3,855,735,508.90, indicating a growth of approximately 10.4%[16]. - The company reported a significant increase in receivables financing, rising to RMB 8,786,485,362.27 from RMB 4,655,648,927.49, reflecting a growth of approximately 88.5%[16]. - The company’s inventory decreased to CNY 14.22 billion from CNY 14.78 billion, a reduction of 3.8%[17]. - The company’s inventory decreased to CNY 11,484,930,236.00 as of September 30, 2025, from CNY 12,085,584,529.39 at the end of 2024[28].