SCIE(SH:600546)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥8,223,261,783.69, a decrease of 43.20% compared to ¥14,476,370,071.87 in the same period last year[3] - Net profit attributable to shareholders for Q3 2023 was ¥924,221,590.83, down 50.12% from ¥1,852,725,094.18 year-on-year[3] - The basic earnings per share for Q3 2023 was ¥0.47, a decline of 49.46% compared to ¥0.93 in the previous year[3] - Total operating revenue for the first three quarters of 2023 was CNY 28.90 billion, a decrease of 19.0% compared to CNY 35.63 billion in the same period of 2022[19] - Net profit for the first three quarters of 2023 was CNY 6.24 billion, a decline of 26.0% from CNY 8.43 billion in the same period of 2022[20] - The total profit for the first three quarters of 2023 was CNY 8.50 billion, a decrease of 26.0% from CNY 11.49 billion in the previous year[20] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period was ¥5,007,227,506.40, a decrease of 39.10% compared to ¥8,221,980,677.05 last year[3] - In Q3 2023, the company reported a net cash outflow from investment activities of approximately CNY 1.30 billion, compared to CNY 973 million in Q3 2022, indicating a significant increase in investment spending[24] - The company raised CNY 2.22 billion from financing activities in Q3 2023, a substantial increase from CNY 900 million in the same period last year[24] - Cash flow from operating activities for the first three quarters of 2023 was CNY 5.01 billion, a decrease of 39.0% from CNY 8.22 billion in the previous year[23] Assets and Liabilities - The company reported a total asset value of ¥45,276,177,746.72, reflecting a decrease of 6.96% compared to the previous year[3] - As of September 30, 2023, the total assets of Shanxi Coal International Energy Group amounted to CNY 42.13 billion, a decrease from CNY 45.28 billion at the end of 2022, representing a decline of approximately 7.5%[16] - Total liabilities decreased to CNY 21.34 billion from CNY 26.56 billion, marking a reduction of around 19.5%[17] - The total assets of the company as of Q3 2023 amounted to CNY 45.28 billion, a slight decrease from CNY 45.57 billion at the end of the previous year[27] - Total liabilities amounted to CNY 26,557,862,885.26, a decrease from CNY 26,772,393,786.11 in the previous period[28] Equity and Retained Earnings - The equity attributable to shareholders was ¥15,013,414,050.01, an increase of 4.00% from the previous year[3] - The company's equity increased to CNY 20.78 billion from CNY 18.72 billion, showing an increase of approximately 11.0%[17] - The company’s retained earnings increased to CNY 8.55 billion from CNY 8.09 billion, reflecting a growth of about 5.8%[17] - Total equity reached CNY 18,718,314,861.46, down from CNY 18,796,724,766.48[28] Costs and Expenses - Total operating costs for the first three quarters of 2023 were CNY 20.36 billion, down 15.0% from CNY 23.95 billion in the previous year[19] - Research and development expenses for the first three quarters of 2023 were CNY 269.40 million, an increase of 15.1% from CNY 234.11 million in the same period of 2022[19] - Sales expenses for the first three quarters of 2023 were CNY 398.46 million, down 14.0% from CNY 463.19 million in the previous year[19] - Management expenses for the first three quarters of 2023 were CNY 1.03 billion, an increase of 13.7% from CNY 904.54 million in the same period of 2022[19] Accounting Standards and Reporting - The company has implemented new accounting standards affecting the reporting of deferred tax assets and liabilities starting January 1, 2023[4] - The company has implemented new accounting standards effective January 1, 2023, which may impact the financial reporting of deferred tax assets and liabilities[25] Market Conditions - The decline in revenue and profit was primarily attributed to a decrease in coal prices and sales volume compared to the same period last year[6]