GUANGHUI ENERGY(SH:600256)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥14,482,283,653.89, a decrease of 9.25% compared to the same period last year[1]. - Net profit attributable to shareholders for Q3 2023 was ¥729,013,961.24, down 77.72% year-on-year[1]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was ¥729,502,275.27, a decrease of 77.64% compared to the same period last year[1]. - The basic earnings per share for Q3 2023 was ¥0.1111, reflecting a decline of 77.70% year-on-year[1]. - In Q3 2023, the company achieved operating revenue of ¥14,482,283,653.89, a decrease of 9.25% year-on-year; net profit attributable to shareholders was ¥729,013,961.24, down 77.72% year-on-year[10]. - Total operating revenue for the first three quarters of 2023 reached ¥49,568,709,187.22, a significant increase from ¥37,278,839,582.62 in the same period of 2022, representing a growth of approximately 33.5%[36]. - Net profit for Q3 2023 was ¥4,729,337,892.66, down from ¥8,338,009,239.78 in Q3 2022, reflecting a decline of approximately 43.5%[38]. - The total comprehensive income for Q3 2023 amounted to ¥4,824,034,595.26, compared to ¥8,242,372,490.39 in Q3 2022, showing a decrease of around 41.5%[39]. - Basic earnings per share for Q3 2023 were ¥0.7388, down from ¥1.2797 in Q3 2022, indicating a decline of approximately 42.3%[39]. Assets and Liabilities - The total assets at the end of Q3 2023 were ¥59,876,376,074.35, a decrease of 2.76% from the end of the previous year[3]. - As of September 30, 2023, the company's current assets totaled approximately CNY 14.02 billion, down from CNY 16.26 billion at the end of 2022, reflecting a decrease of about 13.8%[33]. - Total assets as of September 30, 2023, were CNY 59.88 billion, down from CNY 61.58 billion at the end of 2022, indicating a decrease of about 2.8%[34]. - Total liabilities as of Q3 2023 were ¥31,539,751,387.78, a decrease from ¥32,964,513,716.34 in the previous year, representing a reduction of about 4.3%[35]. - The company reported a current liability total of approximately CNY 22.31 billion, a decrease from CNY 23.63 billion at the end of 2022, representing a decline of about 5.6%[34]. Cash Flow - The net cash flow from operating activities for the year-to-date period decreased by 43.39% compared to the same period last year[7]. - The company reported a net cash flow from operating activities of ¥4,001,567,228.20, a decrease of 43.39% year-on-year[10]. - The cash inflow from operating activities for the first three quarters of 2023 was approximately ¥50.46 billion, an increase from ¥37.59 billion in the same period of 2022, representing a growth of about 34.5%[40]. - The net cash flow from operating activities for the first three quarters of 2023 was approximately ¥4.00 billion, down from ¥7.07 billion in the same period of 2022, indicating a decrease of about 43.5%[41]. - The total cash outflow from operating activities in the first three quarters of 2023 was approximately ¥46.46 billion, compared to ¥30.52 billion in 2022, reflecting an increase of about 52.2%[41]. - The cash inflow from investment activities for the first three quarters of 2023 was approximately ¥1.37 billion, while the cash outflow was approximately ¥2.61 billion, resulting in a net cash flow from investment activities of approximately -¥1.24 billion[41]. - The cash inflow from financing activities for the first three quarters of 2023 was approximately ¥16.95 billion, a decrease from ¥18.42 billion in the same period of 2022, representing a decline of about 7.9%[41]. - The net cash flow from financing activities for the first three quarters of 2023 was approximately -¥3.86 billion, compared to -¥2.08 billion in the same period of 2022, indicating a worsening of about 85.5%[41]. - The total cash and cash equivalents at the end of the third quarter of 2023 were approximately ¥2.77 billion, down from ¥4.59 billion at the end of the same period in 2022, reflecting a decrease of about 39.5%[41]. Production and Sales - Natural gas sales volume reached 648,914.21 million cubic meters (equivalent to 450.99 million tons), representing a year-on-year increase of 55.87%[12]. - LNG production for the first nine months of 2023 was 44,525.85 million cubic meters (31.80 million tons), a decrease of 16.12% year-on-year[12]. - In Q3 2023, the average price of domestic LNG was ¥4,741.43 per ton, down 36.49% year-on-year[11]. - The company’s coal sales price in September 2023 was ¥817.13 per ton, a decrease of 34.49% year-on-year[15]. - The company’s total natural gas production in Q3 2023 was 13,610.32 million cubic meters, a decrease of 21.24% year-on-year[13]. - Raw coal production reached 16.30 million tons in the first three quarters of 2023, a year-on-year increase of 12.90%[17]. - Total coal sales amounted to 22.89 million tons in the first three quarters of 2023, reflecting a year-on-year growth of 19.29%[17]. - In Q3 2023, raw coal production was 4.42 million tons, a decrease of 20.87% compared to the same period last year[18]. - The company achieved a methanol production of 695,900 tons in the first three quarters of 2023, a year-on-year decrease of 15.75%[20]. - Ethylene glycol production increased by 54.52% year-on-year, reaching 123,300 tons in the first three quarters of 2023[22]. - The company reported a 73.03% year-on-year increase in coal chemical product sales, totaling 3.31 million tons in the first three quarters of 2023[24]. Government Support and Innovation - The company received government subsidies amounting to ¥7,063,612.03 during the reporting period[4]. - The company has obtained 15 new utility model patents this year, emphasizing its commitment to technological innovation[20]. - The company has established a joint venture for hydrogen energy business development, focusing on hydrogen resource acquisition and new energy development[31]. - The company has initiated construction on its first "green hydrogen and integrated hydrogen energy demonstration project," with various environmental and regulatory approvals already obtained[31]. Project Development and Management - The construction of the Marang coal mine project is progressing, with key approvals and assessments completed as of September 2023[27]. - The company is enhancing project management and risk control to ensure the quality and pace of ongoing construction projects[26]. - The company has completed geological and engineering designs for 7 new wells in the Zhaisan oil and gas development project during Q3 2023, with one well already relocated and drilling expected to finish in 30 days[28]. - The CO2 capture and oil recovery project has successfully produced qualified liquid CO2 products since March 25, 2023, and is currently in trial operation[29]. - The company is advancing a 3 million tons/year CCUS project, with preliminary research and design documents completed and initial procedures underway[30]. - The hydrogen energy project is set to follow a phased approach, with 2023-2024 focused on pilot demonstrations and 2025-2027 on rapid development in hydrogen transportation[31]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 202,678[8]. - The company’s total equity attributable to shareholders at the end of Q3 2023 was ¥28,811,270,235.05, a slight decrease of 0.20% from the end of the previous year[3]. - Total equity attributable to shareholders of the parent company was ¥28,811,270,235.05, slightly down from ¥28,869,017,886.10 in the previous year, reflecting a decrease of approximately 0.2%[35].