MINLIST(SH:600058)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was approximately CNY 20.68 billion, representing a year-on-year increase of 9.32% compared to CNY 18.91 billion in the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was a loss of approximately CNY 19.34 million, compared to a loss of CNY 18.42 million in the same period last year, indicating a worsening performance[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of approximately CNY 61.14 million, compared to a loss of CNY 47.22 million in the same period last year, reflecting a decline of 60.85%[5]. - The basic earnings per share for Q3 2023 was -CNY 0.04, down from -CNY 0.02 in the same period last year, marking a decrease of 55.56%[5]. - The net profit attributable to shareholders of the listed company decreased by 50.13% year-to-date[11]. - For the first nine months of 2023, the company achieved operating revenue of 58.672 billion RMB, a year-on-year increase of 1.66%, while net profit attributable to shareholders was 179 million RMB, a decrease of 50.13%[18]. - Net profit for the first three quarters of 2023 was ¥175.63 million, down from ¥364.52 million in 2022, indicating a decline of about 51.8%[36]. - Operating profit for the first three quarters of 2023 was ¥266.37 million, compared to ¥480.09 million in 2022, showing a decrease of about 44.5%[36]. Assets and Liabilities - The total assets at the end of the reporting period were approximately CNY 29.75 billion, an increase of 30.23% compared to CNY 22.83 billion at the end of the previous year[6]. - The total assets at the end of the reporting period increased by 30.23% compared to the end of the previous year, influenced by the issuance of 2.5 billion yuan of perpetual corporate bonds[11]. - Current assets totaled CNY 26.40 billion, up from CNY 19.75 billion, indicating a growth of about 33.5% year-over-year[28]. - Total liabilities amounted to CNY 22.13 billion, up from CNY 17.87 billion, which is an increase of about 23.0%[31]. - The company's equity attributable to shareholders increased by 55.35% to approximately CNY 7.47 billion compared to CNY 4.81 billion in the same period last year[6]. - The company's equity attributable to shareholders increased to CNY 7.47 billion from CNY 4.81 billion, a growth of approximately 55.0%[31]. Cash Flow - The company reported a net cash flow from operating activities of approximately -CNY 1.80 billion for the year-to-date period, compared to -CNY 792.46 million in the same period last year[5]. - The net cash flow from operating activities was -1,797,281,885.57, compared to -792,458,270.46 in the previous period, indicating a decline in operational cash flow[41]. - Cash inflow from investment activities totaled 21,071,688.29, down from 27,967,818.03 in the prior period, reflecting a decrease in investment returns[41]. - The net cash flow from financing activities was 1,771,130,591.79, an increase from 584,984,563.90, showing improved financing performance[43]. - Total cash and cash equivalents at the end of the period were 2,070,537,106.33, down from 2,520,648,204.34, indicating a reduction in liquidity[43]. - Cash outflow for financing activities was 9,102,649,781.79, compared to 6,416,496,382.89 previously, reflecting increased cash payments for debt and dividends[43]. Operational Highlights - Iron ore sales volume reached approximately 16.74 million tons, up 4.7% year-on-year, while steel engineering supply volume increased by 21% to 4.51 million tons[18]. - The logistics business saw a throughput of approximately 9.16 million tons, representing a 52% year-on-year growth, and logistics service volume increased by 22% to approximately 121.31 million tons[18]. - The company expects continued pressure from inflation, geopolitical conflicts, and overseas interest rate hikes in Q4 2023, with steel demand in downstream industries like automotive and home appliances expected to improve[18]. Investments and Collaborations - The company plans to collaborate with Wukuang Securities for asset securitization, with a total scale not exceeding 3 billion RMB over a two-year period[20]. - The company is progressing with the integration of mining assets, including the Chen Taigou Mining Company, to enhance operational efficiency[21]. - The company has completed necessary procedures for acquiring stakes in Japanese and Korean mining companies, with payments made and registration processes underway[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 51,936[15]. - China Minmetals Corporation held 670,604,922 shares, accounting for 62.56% of the total shares[15]. - The top ten shareholders include state-owned entities and individuals, with no shares under pledge or freeze[15]. Research and Development - Research and development expenses increased significantly to ¥6.90 million in 2023 from ¥1.66 million in 2022, reflecting a growth of approximately 315.5%[36].