Financial Performance - The company's operating revenue for the third quarter was CNY 97,561,053, a decrease of 14.25% compared to the same period last year[9]. - The total profit for the quarter was CNY 1,742,502, reflecting a decline of 46.15% year-over-year[9]. - Net profit attributable to shareholders was CNY 870,881, down 67.52% from the previous year[9]. - The net profit after deducting non-recurring gains and losses was CNY 724,185, a decrease of 69.88% compared to the same period last year[9]. - The company reported a total profit for the year-to-date of CNY 7,021,651, down 21.26% compared to the same period last year[9]. - Net profit attributable to shareholders decreased by 41.88% due to continued decline in steel industry demand and external factors affecting the construction industry[13]. - Net profit attributable to shareholders, excluding non-recurring gains and losses, decreased by 45.74% year-to-date[13]. - Basic earnings per share for the quarter were CNY 0.04, down 69.23% year-over-year[9]. - Basic earnings per share decreased by 45.83% year-to-date, reflecting the impact of reduced profits[13]. - Total profit for the reporting period decreased by 46.15% compared to the same period last year[14]. - Net profit attributable to shareholders for the reporting period decreased by 67.52% year-on-year[14]. - Net profit attributable to shareholders, excluding non-recurring gains and losses, decreased by 69.88% for the reporting period[14]. - Basic earnings per share for the reporting period decreased by 69.23% year-on-year[14]. - Diluted earnings per share for the reporting period decreased by 69.23% year-on-year[14]. - Total operating revenue for the first three quarters of 2025 was RMB 335,093,765, a decrease of 18.8% compared to RMB 412,617,474 in the same period of 2024[31]. - Net profit for the first three quarters of 2025 was RMB 5,388,364, down 30.0% from RMB 7,699,234 in the first three quarters of 2024[32]. - Operating profit decreased to RMB 7,110,115 in 2025 from RMB 8,921,740 in 2024, reflecting a decline of 20.3%[32]. - Basic earnings per share for the first three quarters of 2025 were RMB 0.13, down from RMB 0.24 in 2024, a decrease of 45.8%[33]. - Total comprehensive income for the first three quarters of 2025 was RMB 5,254,846, compared to RMB 7,403,428 in 2024, reflecting a decline of 29.0%[33]. - The net profit for the first three quarters of 2025 was CNY 560,447,000, down from CNY 819,171,000 in the same period of 2024[50]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 873,007,755, an increase of 8.04% from the previous year[9]. - The company's total assets were RMB 873.01 billion, an increase from RMB 808.02 billion at the end of 2024[28]. - The company's current assets totaled RMB 656.90 billion, up from RMB 599.77 billion at the end of 2024[26]. - The company's total liabilities amounted to RMB 687.18 billion, compared to RMB 625.68 billion at the end of 2024[28]. - The company's total current assets increased to CNY 89,333,501,000 as of September 30, 2025, from CNY 82,687,765,000 at the end of 2024[43]. - The company's total liabilities increased to CNY 71,840,714,000 as of September 30, 2025, compared to CNY 64,022,791,000 at the end of 2024[44]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 282,523[16]. - The largest shareholder, China Minmetals Corporation, holds 44.26% of the shares[17]. - The company has a significant shareholder relationship, with China Minmetals Corporation and China Metallurgical Group Corporation acting in concert[20]. Cash Flow - The cash flow from operating activities was negative at CNY (19,391,096) for the year-to-date[9]. - Cash flow from operating activities showed a net outflow of RMB 19,391,096 in 2025, compared to a net outflow of RMB 30,735,612 in 2024, indicating an improvement[37]. - Cash inflow from investment activities totaled RMB 4,461,740 in 2025, significantly higher than RMB 1,143,924 in 2024[38]. - Cash flow from financing activities generated a net inflow of RMB 21,103,343 in 2025, compared to RMB 25,562,222 in 2024, showing a decrease of 17.5%[39]. - Cash and cash equivalents at the end of the first three quarters of 2025 amounted to $2,601,237, compared to $673,916 at the end of the same period in 2024[56]. - The company's cash and cash equivalents were RMB 51.53 billion, slightly down from RMB 52.56 billion at the end of 2024[26]. - The company's cash and cash equivalents at the end of September 2025 were CNY 43,617,771,000, compared to CNY 25,835,774,000 at the end of September 2024[40]. Contracts and New Business - The total new contracts signed by the company in the first three quarters of 2025 amounted to RMB 760.67 billion, a decrease of 14.7% compared to the same period last year[22]. - The new overseas contracts signed reached RMB 66.90 billion, representing a growth of 10.1% year-on-year[22]. Research and Development - Research and development expenses for the first three quarters of 2025 were RMB 9,961,687, down from RMB 11,900,695 in 2024, a reduction of 16.3%[31]. Operating Costs - The company reported a decrease in total operating costs to RMB 323,536,258 in 2025 from RMB 399,938,098 in 2024, a decline of 19.1%[31].
中国中冶(01618) - 2025 Q3 - 季度业绩