hbky(SH:600985)2025-10-30 09:45Financial Performance - Operating revenue for Q3 2025 was CNY 11,229,103,717.57, a decrease of 42.22% compared to the same period last year[3] - Total profit for the quarter was CNY 33,619,281.19, down 97.61% year-on-year[3] - Net profit attributable to shareholders was CNY 38,721,607.87, reflecting a 96.78% decline compared to the previous year[3] - The company's operating revenue for the reporting period decreased by 43.81%, primarily due to a reduction in coal volume and price, as well as a decline in trading business revenue[9] - The net profit attributable to shareholders for the reporting period was down 74.14%, significantly impacted by the dual decline in coal production and prices[9] - The company reported a decrease in total profit of 76.17 million for the reporting period, reflecting ongoing challenges in the coal market[9] - The net profit for the first three quarters of 2025 is CNY 795,694,845.83, a decrease of 79.93% compared to CNY 3,960,929,403.30 in the same period of 2024[19] - The basic earnings per share for the reporting period was -74.68, indicating a substantial loss compared to the previous period[9] - The basic earnings per share for the current period is CNY 0.40, down from CNY 1.58 in the previous period[20] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was CNY 3,856,415,347.37, a decrease of 50.49%[3] - The net cash flow from operating activities for the reporting period was -50.49 million, mainly due to decreased sales revenue from coal and coke[9] - The net cash flow from operating activities for the first three quarters of 2025 is CNY 3,856,415,347.37, a decline of 50.5% compared to CNY 7,789,008,932.08 in 2024[21] - The company's cash and cash equivalents decreased from 4.28 billion to 3.03 billion, reflecting a significant reduction in liquidity[13] - The cash and cash equivalents at the end of the period are CNY 2,248,661,905.72, down from CNY 4,814,995,237.93 at the end of 2024[22] - The net cash flow from financing activities for the reporting period was 111.11 million, mainly due to an increase in interest-bearing liabilities[9] - The net cash flow from financing activities for the first three quarters of 2025 is CNY 414,283,578.33, a recovery from -CNY 3,729,753,624.35 in 2024[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 89,255,788,210.26, an increase of 1.72% from the end of the previous year[4] - Total liabilities amounted to CNY 43,467,383,993.58, up from CNY 40,869,180,045.77 in the previous year, representing an increase of approximately 6.5%[15] - Shareholders' equity attributable to the company decreased by 2.34% to CNY 41,398,678,143.93 compared to the end of last year[4] - The equity attributable to shareholders of the parent company was CNY 41,398,678,143.93, down from CNY 42,388,718,698.68 in the previous year, reflecting a decrease of about 2.3%[16] Inventory and Borrowings - Inventory decreased by 39.48%, primarily due to the disposal of a subsidiary and reduced coal inventory[8] - Short-term borrowings increased by 106.57%, indicating a rise in the company's short-term financing needs[8] - Long-term borrowings increased by 98.53 million, primarily due to the company securing additional project loans[9] Revenue and Costs - Total operating revenue for the first three quarters of 2025 was CNY 31,924,953,670.15, a decrease from CNY 56,785,931,751.93 in the same period of 2024, representing a decline of approximately 43.8%[18] - Total operating costs for the first three quarters of 2025 amounted to CNY 31,005,772,130.29, down from CNY 52,254,045,046.87 in 2024, indicating a reduction of about 40.6%[18] - Operating income for the first three quarters of 2025 was CNY 31,841,216,698.03, compared to CNY 56,668,894,450.53 in 2024, reflecting a decrease of approximately 43.9%[18] Other Financial Metrics - Non-recurring gains and losses totaled CNY 11,552,900.33 for the quarter, significantly lower than the previous year's amount[7] - Research and development expenses for the first three quarters of 2025 totaled CNY 1,495,025,405.21, slightly down from CNY 1,639,697,851.42 in 2024, showing a decrease of about 8.8%[18] - Financial expenses for the first three quarters of 2025 were CNY 364,740,623.51, compared to CNY 406,637,613.14 in 2024, indicating a decline of approximately 10.3%[18] - The total comprehensive income attributable to the parent company's owners for the first three quarters of 2025 is CNY 1,070,337,167.78, compared to CNY 4,139,229,732.33 in 2024[20]