Financial Performance - The company's operating revenue for the third quarter was RMB 30,556 million, a decrease of 14.64% compared to the same period last year[4]. - The net profit attributable to shareholders was a loss of RMB 1,523 million, a decline of 165.45% year-on-year[4]. - The basic earnings per share for the reporting period was -0.161 RMB, down 165.18% from 0.245 RMB in the same period last year[5]. - Operating profit for the first nine months of 2022 was 99 million RMB, a decrease from 9,773 million RMB in the same period of 2021[24]. - Net profit for the first nine months of 2022 was 214 million RMB, compared to 7,561 million RMB in the same period of 2021, reflecting a significant decline[24]. - Net profit for the first nine months of 2022 was RMB 348 million, a significant decline of 94.9% from RMB 6,951 million in 2021[40]. - The company reported a decrease in sales revenue from goods and services, totaling RMB 89,812 million, down from RMB 97,241 million in 2021[43]. - The total comprehensive income attributable to the parent company was RMB 423 million, a decrease from RMB 6,964 million in 2021[41]. Cash Flow - Cash flow from operating activities for the year-to-date was RMB 6,198 million, a decrease of 39.25% compared to RMB 10,122 million last year[5]. - Cash flow from operating activities decreased by RMB 4,005 million compared to the same period last year, primarily due to a decrease in cash received from sales and an increase in cash paid for purchases[12]. - Cash flow from operating activities for the first nine months of 2022 was 6,198 million RMB, a decrease from 10,203 million RMB in the same period of 2021[29]. - Cash flow from investing activities resulted in a net outflow of 3,000 million RMB for the first nine months of 2022, compared to a net outflow of 2,357 million RMB in the same period of 2021[30]. - Cash flow from financing activities showed a net outflow of 2,434 million RMB for the first nine months of 2022, compared to a net outflow of 7,878 million RMB in the same period of 2021[34]. - Cash flow from operating activities generated RMB 4,347 million, down 50.2% from RMB 8,725 million in the previous year[43]. - Cash flow from investing activities showed a net outflow of RMB 2,449 million, compared to a smaller outflow of RMB 953 million in 2021[44]. - Cash flow from financing activities resulted in a net outflow of RMB 1,307 million, a decrease from RMB 6,519 million in the same period of 2021[46]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 94,743 million, a decrease of 3.96% from RMB 97,526 million at the end of the previous year[5]. - The total current assets as of September 30, 2022, were RMB 28,474 million, down from RMB 32,541 million at the end of 2021[18]. - The total assets as of September 30, 2022, were RMB 94,743 million, down from RMB 98,652 million at the end of 2021[19]. - The total liabilities as of September 30, 2022, were RMB 35,951 million, a decrease from RMB 37,415 million at the end of 2021[20]. - The total liabilities as of September 30, 2022, were 33,992 million RMB, compared to 33,958 million RMB at the end of 2021, indicating stable liability levels[36]. - The company's total equity attributable to shareholders was 55,415 million RMB as of September 30, 2022, down from 56,748 million RMB at the end of 2021[37]. Research and Development - Research and development expenses increased by RMB 164 million year-to-date, primarily due to increased costs associated with new product trials[6]. - Research and development expenses increased to RMB 565 million, up 40.9% from RMB 401 million in the previous year[23]. - Research and development expenses increased to RMB 557 million, up from RMB 369 million in the previous year, reflecting a focus on innovation[39]. Investment and Income - Investment income decreased by RMB 114 million year-to-date, mainly due to reduced returns from joint ventures[6]. - The company reported a net profit of RMB 200 million from investments in joint ventures and associates, down from RMB 314 million in the previous year[23]. - The company recorded investment income of RMB 1,071 million, down from RMB 1,367 million in the same period of 2021[39]. Impairment and Tax - Asset impairment losses decreased by RMB 105 million year-to-date, primarily due to a reversal of inventory write-downs[6]. - Credit impairment losses decreased by RMB 137 million compared to the same period last year, mainly due to the reversal of accounts receivable credit impairment losses[9]. - Income tax expenses decreased by RMB 2,294 million compared to the same period last year, mainly due to a decrease in total profit and the deferral of tax assets from losses of subsidiaries[9]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 122,862, including 454 H-share holders[13]. - Equity attributable to shareholders decreased by 4.16% year-on-year, from RMB 60,711 million to RMB 58,188 million[5].
鞍钢股份(00347) - 2022 Q3 - 季度财报