SHANDONG STEEL(SH:600022)2023-10-27 16:00Financial Performance - Total operating revenue for Q3 2023 was CNY 21,413,507,314.36, a decrease of 7.08% compared to the same period last year[11]. - Net profit attributable to shareholders of the listed company for Q3 2023 was CNY -89,560,031.08, representing a significant decline of 198.99% year-on-year[11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -126,884,786.78, a decrease of 350.76% compared to the same period last year[11]. - Total operating revenue for the first three quarters of 2023 was ¥68.38 billion, a decrease of 10.7% compared to ¥76.60 billion in the same period of 2022[22]. - Net profit attributable to shareholders of the listed company for the first three quarters of 2023 was a loss of ¥339.21 million, compared to a profit of ¥342.65 million in the same period of 2022, representing a decrease of 198.99%[28]. - The company reported a net loss of ¥47.86 million for the first three quarters of 2023, compared to a net profit of ¥1.04 billion in the same period of 2022[22]. - The company reported a total comprehensive income of -¥50.89 million for the first three quarters of 2023, compared to ¥1.04 billion in the same period of 2022[22]. - The company reported a net loss attributable to shareholders of the listed company of -350.76 RMB for the year-to-date period[43]. Assets and Liabilities - The total assets at the end of Q3 2023 amounted to CNY 67,118,579,751.31, down 2.74% from the end of the previous year[12]. - The total assets as of September 30, 2023, were ¥67.12 billion, a decrease from ¥69.01 billion at the end of 2022[34]. - The total liabilities decreased to 36,449,516,868.64 RMB from 37,198,105,726.66 RMB year-over-year[39]. - The total owner's equity decreased to 30,669,062,882.67 RMB from 31,813,377,839.48 RMB year-over-year[39]. - The total current liabilities decreased to 28,004,917,040.04 RMB from 28,847,063,145.61 RMB year-over-year[39]. Cash Flow - The company reported a net cash flow from operating activities of CNY -176,043,018.13 for the year-to-date, reflecting a decline of 103.97%[12]. - The net cash flow from operating activities for the first three quarters of 2023 was -176,043,018.13 RMB, a decrease compared to 4,429,736,161.39 RMB in the same period of 2022[39]. - Cash and cash equivalents as of September 30, 2023, were ¥6.80 billion, down from ¥7.89 billion at the end of 2022[34]. - The cash inflow from financing activities was 5,451,621,738.81 RMB, down from 8,385,883,481.96 RMB in the previous year[39]. - The cash outflow from investing activities was 612,804,484.18 RMB, compared to 1,769,705,547.92 RMB in the same period of 2022[39]. - The company received 4,451,621,738.81 RMB in cash from borrowings during the current period, down from 8,121,345,981.96 RMB in the previous year[39]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 227,400[10]. - The largest shareholder, Shandong Steel Group Co., Ltd., holds 3,882,800,550 shares, accounting for 36.29% of total shares[10]. Government Support and Expenses - The company received government subsidies amounting to CNY 16,037,279.64 during the reporting period[9]. - The company reported non-operating income and expenses of CNY 7,166,777.17 for the current period[9]. - Research and development expenses for the first three quarters of 2023 were ¥1.53 billion, slightly down from ¥1.60 billion in 2022[22]. Future Outlook - The company plans to focus on market expansion and new product development to improve future performance[22].