BYIS(SH:600581)2023-10-27 16:00Financial Performance - Total operating revenue for the third quarter was approximately CNY 6.6 billion, a decrease of 0.30% compared to the previous year[6]. - The net profit attributable to shareholders was a loss of approximately CNY 468.2 million, a significant decline from the previous year's profit[6]. - The basic earnings per share for the reporting period was a loss of CNY 0.300[6]. - Total operating revenue for the first three quarters of 2023 was CNY 17,780,480,112.98, a decrease of 9.7% compared to CNY 19,686,936,044.26 in the same period of 2022[26]. - Net loss for the first three quarters of 2023 was CNY 742,786,707.03, compared to a net loss of CNY 626,942,572.95 in the same period of 2022, reflecting an increase in losses[27]. - The company reported a total profit of CNY -712,419,797.46 for the first three quarters of 2023, compared to CNY -564,467,166.17 in the previous year[27]. - Basic and diluted earnings per share for the third quarter of 2023 were both CNY -0.476, compared to CNY -0.391 in the same quarter of 2022[28]. - The operating profit for the first three quarters of 2023 was a loss of ¥701.65 million, an improvement from a loss of ¥925.05 million in the same period of 2022[35]. - The net profit for the first three quarters of 2023 was a loss of ¥741.74 million, compared to a loss of ¥965.46 million in the same period of 2022, indicating a reduction in losses[36]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 59.70%, amounting to approximately CNY 1.04 billion[12]. - Operating cash inflow for the first three quarters of 2023 was CNY 16,770,773,292, a decrease of 22.4% compared to CNY 21,569,571,849 in the same period of 2022[29]. - Net cash flow from operating activities in Q3 2023 was CNY 420,474,778, a decline of 59.7% from CNY 1,043,361,923 in Q3 2022[30]. - Total cash and cash equivalents at the end of Q3 2023 reached CNY 2,019,256,321.95, up from CNY 1,471,506,684.37 at the end of 2022[30]. - Cash outflow from investing activities in Q3 2023 was CNY 244,697,466.91, an increase of 26.4% compared to CNY 193,655,026.52 in Q3 2022[30]. - Net cash flow from financing activities in Q3 2023 was CNY 150,391,044.62, a significant improvement from a net outflow of CNY 455,110,466.28 in Q3 2022[30]. - The company's cash flow from operating activities showed a decline, reflecting challenges in revenue generation and cost management[38]. - The net cash flow from operating activities for Q3 2023 was CNY 59,055,311.83, a decrease from CNY 701,374,710.43 in Q3 2022[39]. - Total cash inflow from financing activities was CNY 6,528,400,000.00, compared to CNY 5,882,523,880.00 in the same period last year, indicating a growth of approximately 11%[39]. Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 30.49 billion, reflecting a 1.53% increase from the end of the previous year[7]. - The company's total liabilities as of the end of the third quarter of 2023 amounted to CNY 28,205,070,485.48, an increase from CNY 27,034,154,465.75 at the end of the previous year[26]. - The total equity attributable to shareholders of the parent company decreased to CNY 2,226,068,185.23 from CNY 2,931,584,966.09 year-on-year[26]. - The total assets as of September 30, 2023, amounted to CNY 27,390,155,323.24, an increase from CNY 26,541,793,651.35 at the end of 2022[32]. - The total liabilities as of the end of Q3 2023 amounted to ¥25.30 billion, an increase from ¥23.72 billion at the end of Q3 2022[33]. - The total equity as of the end of Q3 2023 was approximately ¥2.09 billion, down from ¥2.82 billion at the end of Q3 2022[33]. - The company's total liabilities reached CNY 22,189,759,241.76, reflecting a consistent level compared to the previous year[42]. Shareholder Information - The company reported a total of 77,674 common shareholders at the end of the reporting period[14]. - The largest shareholder, Baosteel Group Xinjiang Bayi Iron & Steel Co., Ltd., holds 49.62% of the shares[15]. Strategic Focus and Development - The company is focusing on optimizing product structure and increasing the proportion of high-value-added products in response to market changes[12]. - The company is focusing on high-quality development aligned with regional economic growth, emphasizing high-end, intelligent, green, and efficient production[17]. - The company aims to enhance its core competitiveness by optimizing product structure and increasing the proportion of high-value-added products[17]. - The company successfully launched its low-carbon metallurgy 2500m³ HyCROF commercial demonstration project, expected to reduce carbon dioxide emissions by nearly 600,000 tons annually[19]. Accounting and Reporting Changes - The company has implemented a new accounting policy affecting deferred tax assets and liabilities, impacting previous financial results[8]. - The company has implemented new accounting standards starting January 1, 2023, which may affect the financial reporting and comparisons with prior periods[40].