TCKG(SH:600112)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥35,335,750.31, a decrease of 48.51% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2023 was -¥29,350,975.28, representing a decline of 16.72% year-over-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was -¥16,586,166.74, an increase of 30.22% compared to the previous year[4]. - The basic earnings per share for Q3 2023 was -¥0.0576, a decrease of 16.76% year-over-year[5]. - The diluted earnings per share for Q3 2023 was also -¥0.0576, reflecting a decrease of 16.76% compared to the same period last year[5]. - The net loss attributable to the parent company for the first three quarters of 2023 was ¥1,132,569,092.07, worsening from a loss of ¥1,040,904,957.26 in the same period of 2022[21]. - The total comprehensive income for Q3 2023 was -91,540,595.05 RMB, compared to -26,639,335.02 RMB in Q3 2022[26]. Cash Flow and Liquidity - The cash flow from operating activities for Q3 2023 was -¥538,803.65, an increase of 96.48% year-over-year[5]. - The company's cash and cash equivalents increased to CNY 17,275,615.17 from CNY 4,692,354.35 at the end of 2022, showing a significant growth[18]. - The company’s cash and cash equivalents totaled ¥217,850,841.17, up from ¥212,185,510.74 in the previous quarter, indicating improved liquidity[20]. - Cash flow from operating activities for the first three quarters of 2023 was -7,505,871.22 RMB, an improvement from -54,374,452.79 RMB in the same period of 2022[29]. - Total cash inflow from operating activities was 128,879,039.78 RMB, compared to 49,877,176.34 RMB in the first three quarters of 2022, reflecting a 158% increase[28]. - The company reported a cash flow from investing activities of -4,144,217.87 RMB in the first three quarters of 2023, down from 36,670,761.29 RMB in the same period of 2022[29]. - Cash flow from financing activities generated a net inflow of 23,973,240.28 RMB in Q3 2023, compared to a net outflow of -3,143,607.84 RMB in Q3 2022[30]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,323,460,049.07, a slight decrease of 0.07% from the end of the previous year[5]. - Total assets as of the end of Q3 2023 amounted to ¥1,323,460,049.07, slightly down from ¥1,324,429,805.34 at the end of Q3 2022[21]. - Total liabilities increased to ¥1,304,016,690.42 in Q3 2023, compared to ¥1,213,445,851.64 in Q3 2022, indicating a rise in financial obligations[21]. - The company's total current liabilities reached ¥1,140,712,415.93, an increase of 5.4% from ¥1,082,416,750.95 in the previous year[21]. - The equity attributable to shareholders at the end of the reporting period was ¥3,379,670.39, a significant decrease of 96.44% compared to the previous year[5]. Operational Challenges - The company reported a significant decline in net profit for the year-to-date, with a decrease of 273.22% compared to the previous year[4]. - The company has recognized full impairment provisions for its aluminum-nickel mining rights due to prolonged inactivity since 2012[17]. - The company has faced challenges in extending its mining rights due to regulatory and environmental restrictions, leading to potential risks of expiration[17]. - The company is involved in 86 ongoing litigation and arbitration cases, with a total amount of CNY 102,476.97 million, of which 78 cases are still unresolved[14]. - The total amount of funds occupied by the former controlling shareholder and its affiliates is CNY 51,425.98 million, with a remaining balance of CNY 26,314.51 million[16]. - The company has a total of 10,807.77 million in securities false statement liability disputes, with 584 unresolved cases amounting to CNY 9,336.38 million[15]. Research and Development - Research and development expenses increased to ¥2,295,483.25 in the first three quarters of 2023, up from ¥1,303,382.16 in the same period of 2022, reflecting a focus on innovation[24]. Future Outlook - The company plans to resolve issues related to fund occupation and illegal guarantees through various means, including debt restructuring[16]. - The company plans to continue focusing on market expansion and new product development to enhance future performance[24].