2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 40,337,795, a decrease of 28.01% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2023 was CNY 4,516,346, down 52.43% year-on-year[3]. - The basic earnings per share for Q3 2023 was CNY 0.58, a decline of 55.36% compared to the previous year[3]. - The company's operating revenue for the first three quarters of 2023 was 631 million, a decrease of 9.91% compared to 700 million in the same period of 2022[30]. - Net profit for the first three quarters of 2023 was 196 million, down 34.84% from 301 million in the first three quarters of 2022[30]. - Total revenue for the first three quarters of 2023 was 135,037,826, a decrease from 169,119,395 in the same period of 2022, representing a decline of approximately 20.1%[39]. - Operating profit for the third quarter of 2023 was 28,248,700, down from 52,781,959 in the previous year, indicating a decrease of about 46.6%[40]. - Net profit for the third quarter of 2023 was 20,870,394, compared to 39,164,218 in the same period of 2022, reflecting a decline of approximately 46.8%[41]. - Earnings per share for the third quarter of 2023 were 2.0787, down from 3.9844 in the same quarter of 2022, a decrease of about 47.8%[42]. - The company reported a total comprehensive income of 20,236,048 for the third quarter of 2023, down from 38,651,833 in the same quarter of 2022, a decrease of about 47.6%[42]. Assets and Liabilities - The total assets at the end of Q3 2023 were CNY 337,859,145, representing a decrease of 5.18% from the end of the previous year[4]. - As of September 30, 2023, total assets amounted to 24,218 million, reflecting a decrease of 23.98% from 31,858 million at the end of 2022[30]. - The company's total liabilities increased to 234,792,800 in 2023 from 216,892,601 in 2022, marking an increase of approximately 8.5%[40]. - As of September 30, 2023, total liabilities were 120,283.5 million, compared to 115,897.1 million at the end of 2022[37]. - The total liabilities increased to CNY 144,607,591 as of September 30, 2023, compared to CNY 108,744,573 in the previous year, reflecting an increase of approximately 33%[47]. - The company's net assets increased to 6,357 million as of September 30, 2023, up 3.18% from 6,162 million at the end of 2022[30]. Cash Flow - Cash flow from operating activities for the year-to-date period decreased by 50.05% to CNY 19,006,931[3]. - Operating cash inflow for the first three quarters of 2023 was CNY 164,477,594, a decrease from CNY 179,661,705 in the same period of 2022, representing a decline of approximately 8.5%[43]. - Net cash outflow from operating activities in Q3 2023 was CNY 19,006,931, down from CNY 38,054,863 in Q3 2022, indicating a decrease of about 50%[44]. - The net cash flow from operating activities for the first three quarters of 2023 was CNY 3,140,538, a decrease of 67.7% compared to CNY 9,744,150 in the same period of 2022[52]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 101,246[11]. - Shandong Energy Group Co., Ltd. holds 45.50% of the company's shares, with a total of 3,385,986,710 shares[11]. Acquisitions and Consolidations - The company completed the consolidation of Shandong Energy Group Luxi Mining Co., Ltd. and Xinjiang Energy Chemical Co., Ltd. in Q3 2023[4]. - The acquisition of a 51% stake in Lushi Mining for approximately 18.3 billion and a 51% stake in Xinjiang Energy for about 8.1 billion has been completed, with a transitional profit and loss of 1.099 billion recognized[31]. - The company completed the acquisition of 100% of the shares of Coal Chemical Engineering Company for 20.904 million[34]. Operational Highlights - The decline in net profit was primarily due to a decrease in prices of coal and chemical products[8]. - The company reported a decrease of 263.19 million in cash received from sales of goods and services year-on-year[8]. - The company's total coal production in Q3 2022 was 33,451 thousand tons, a slight decrease of 1.47% compared to Q3 2021[19]. - In Q3 2023, the total coal sales volume reached 97,296 thousand tons, a decrease of 1.8% compared to 99,167 thousand tons in Q3 2022[23]. - The average selling price of coal was 841.06 RMB/ton, down 22.3% from 1,082.77 RMB/ton in the same period last year[23]. - The total sales cost for coal business in Q1-Q3 2023 was 441.05 billion RMB, an increase of 0.1% year-on-year[24]. - The sales revenue from coal chemical business in Q1-Q3 2023 was 19,703 million RMB, up from 15,863 million RMB in the same period last year[27]. Management Changes - The company appointed new senior management, including a new CFO and deputy general manager, effective October 27, 2023[33]. Research and Development - Research and development expenses for the third quarter of 2023 were 1,309,805, compared to 1,036,527 in the same period of 2022, representing an increase of approximately 26.3%[40]. - Research and development expenses for the first three quarters of 2023 were CNY 220,268, up 68.9% from CNY 130,569 in the same period of 2022[49]. Future Plans - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency[27]. - The company plans to continue its market expansion and invest in new technologies to enhance its competitive edge[54].