Financial Performance - For the nine months ended September 30, 2023, the unaudited consolidated profit attributable to owners of the company was approximately RMB 116.2 million[2]. - Revenue for the nine months ended September 30, 2023, was RMB 5,715.8 million, compared to RMB 6,061.1 million for the same period in 2022, representing a decrease of approximately 5.7%[3]. - Gross profit for the nine months ended September 30, 2023, was RMB 845.8 million, down from RMB 1,025.8 million in 2022, reflecting a decline of about 17.5%[3]. - Basic earnings per share for the nine months ended September 30, 2023, was RMB 0.074, down from RMB 0.237 in the same period of 2022, representing a decline of approximately 68.8%[3]. - The company did not recommend the payment of dividends for the nine months ended September 30, 2023, consistent with the previous year[7]. Cash Flow and Assets - The company reported a net cash inflow from operating activities of RMB 1,241.9 million for the nine months ended September 30, 2023, compared to RMB 1,083.3 million in 2022, indicating an increase of approximately 14.7%[6]. - As of September 30, 2023, total assets amounted to RMB 18,153.2 million, a decrease from RMB 18,951.1 million as of December 31, 2022[4]. - The company's net asset value as of September 30, 2023, was RMB 17,217.2 million, compared to RMB 17,390.9 million as of December 31, 2022[5]. - The total liabilities as of September 30, 2023, were RMB 935.9 million, a significant decrease from RMB 1,560.2 million as of December 31, 2022[5]. Market and Sales Performance - From January to September 2023, the group's cement product sales (cement + clinker) totaled 19.61 million tons, a decrease of 570,000 tons or 2.8% compared to the same period in 2022[9]. - The group's forecast for full-year 2023 cement product sales is approximately 27.09 million tons, reflecting a decline of 3.2% compared to 2022[11]. - The cement market in the Yangtze River region experienced price declines of RMB 10-30 per ton in Q3 2023 due to weak demand and high inventory levels[8]. Economic Context - In Q3 2023, China's GDP reached RMB 31,999.2 billion, growing by 4.9% year-on-year, while the GDP for the first three quarters was RMB 91,302.7 billion, with a growth of 5.2%[8]. - National fixed asset investment grew by 3.1% year-on-year in the first three quarters, with infrastructure investment increasing by 6.2%[9]. - As of September 21, 2023, the total issuance of new special bonds nationwide reached RMB 3,275.5 billion, completing 86% of the annual quota, which is expected to support infrastructure projects and stabilize cement demand[9]. Future Outlook and Strategy - The group maintains a cautiously optimistic outlook for Q4 2023, anticipating a gradual recovery in cement demand driven by seasonal factors[9]. - The group plans to enhance customer service and reduce production costs while ensuring quality to adapt to increasing market competition[11]. - The cement industry is expected to face challenges and opportunities, with many companies reaching profitability bottoms and anticipating stronger recovery in performance by year-end[11]. - The group emphasizes the importance of adhering to high efficiency, quality, service, and environmental protection in its operational strategy moving forward[11].
亚洲水泥(中国)(00743) - 2023 Q3 - 季度业绩