ZCE(SH:600121)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥938,812,336.47, a decrease of 4.52% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥144,708,912.81, representing a significant decline of 276.55% year-on-year[5]. - Basic and diluted earnings per share for the period were both -¥0.1187, reflecting a decrease of 276.37% year-to-date[6]. - The company reported a significant decrease in net profit due to lower coal prices compared to the same period last year[10]. - The company experienced a year-to-date decrease in net profit attributable to shareholders of 276.55% due to declining coal prices[10]. - Net profit for the third quarter was CNY 11,306,197.63, a significant decline from CNY 226,021,210.08 in the previous year[22]. - The company reported a loss attributable to shareholders of CNY 98,238,411.32, compared to a profit of CNY 55,644,706.67 in the same period last year[23]. Cash Flow and Assets - The cash flow from operating activities showed a net outflow of -¥71,734,515.08, a decrease of 114.14% compared to the previous year[6]. - The total assets at the end of the reporting period were ¥13,427,950,009.00, down 3.54% from the end of the previous year[6]. - As of September 30, 2023, total current assets amount to 5,242,836,759.84 RMB, an increase from 4,640,484,000.80 RMB at the end of 2022[16]. - Total non-current assets are reported at 8,787,466,008.20 RMB, compared to 8,678,610,858.71 RMB at the end of 2022[17]. - The ending balance of cash and cash equivalents was CNY 679.27 million, down from CNY 1.20 billion at the end of the same period last year[26]. - The company’s cash inflow from sales of goods and services was CNY 3.29 billion, a decrease from CNY 3.68 billion in the same period of 2022[25]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 95,920[12]. - The largest shareholder, Zhengzhou Coal Industry (Group) Co., Ltd., holds 566,068,280 shares, accounting for 46.46% of total shares[12]. Operational Challenges - The company experienced a production decrease of 450,000 tons due to water management and safety incidents at Luogou Coal Mine and Xinzheng Coal Mine[14]. - The total profit loss due to the aforementioned incidents is approximately 23 million RMB[14]. - The company is focusing on expanding its market presence and improving operational efficiency in response to recent challenges[14]. Costs and Expenses - Total operating costs increased to CNY 3,025,182,453.58, up 6.27% from CNY 2,847,122,456.34 year-over-year[21]. - Research and development expenses rose to CNY 25,247,215.97, an increase of 61.06% from CNY 15,641,449.72 in the previous year[21]. - The company’s financial expenses were CNY 150,434,601.81, slightly down from CNY 155,907,667.44 in the previous year[21]. - The cash paid to employees increased to CNY 1.42 billion, up from CNY 1.09 billion year-on-year[26]. Liabilities and Equity - The total equity attributable to shareholders decreased to CNY 1,553,476,978.32 from CNY 1,648,098,406.73, a decline of 5.75%[18]. - Total liabilities decreased to CNY 10,718,633,907.26 from CNY 11,228,314,587.89, reflecting a reduction of 4.54%[18]. - Current liabilities total 9,773,041,962.38 RMB, a decrease from 10,407,209,403.79 RMB at the end of 2022[17]. Cash Flow Activities - In the first three quarters of 2023, the cash inflow from operating activities was approximately CNY 3.33 billion, a decrease of 10.7% compared to CNY 3.73 billion in the same period of 2022[25]. - The net cash flow from operating activities was CNY 147.59 million, down 85.2% from CNY 994.02 million year-on-year[26]. - The total cash outflow from investing activities was CNY 261.35 million, significantly higher than CNY 35.54 million in the previous year, resulting in a net cash outflow of CNY 220.99 million[27]. - Cash inflow from financing activities totaled CNY 3.78 billion, an increase of 4.5% from CNY 3.62 billion in the same period last year[27]. - The net cash flow from financing activities was negative at CNY 344.36 million, slightly improved from a negative CNY 389.31 million in the previous year[27]. - The company reported a cash outflow of CNY 2.01 billion for debt repayment, compared to CNY 2.45 billion in the previous year[27]. Accounting Standards - The company did not implement new accounting standards or interpretations affecting the financial statements for the year[29].