CTM(SH:600711)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥4,974,562,085.30, a decrease of 65.06% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2022 was ¥34,438,175.71, down 95.59% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥35,163,260.71, a decline of 113.45% compared to the same period last year[7]. - The basic earnings per share for Q3 2022 was ¥0.007, a decrease of 97.56% year-on-year[9]. - The diluted earnings per share for Q3 2022 was ¥0.009, down 96.86% compared to the same period last year[9]. - The weighted average return on equity for Q3 2022 was 0.128%, a decrease of 6.393 percentage points year-on-year[9]. - Total revenue for the first three quarters of 2022 was ¥19.24 billion, down from ¥37.38 billion in the same period of 2021, representing a decline of about 48.6%[34]. - Operating costs for the first three quarters of 2022 were ¥17.72 billion, compared to ¥35.33 billion in 2021, a decrease of approximately 50.1%[34]. - The net profit for the current period is approximately CNY 1.47 billion, a decrease of 42% compared to CNY 2.54 billion in the same period last year[37]. - The total profit for the current period is CNY 1.63 billion, down from CNY 2.75 billion, reflecting a decline of 40.7% year-over-year[37]. - The company's operating profit decreased to CNY 1.62 billion, compared to CNY 2.75 billion in the previous year, marking a decline of 41%[37]. - The basic earnings per share for the current period is CNY 0.273, down from CNY 0.556 in the same period last year, a decrease of 50.1%[39]. - The total comprehensive income for the current period is CNY 2.00 billion, compared to CNY 2.54 billion in the previous year, reflecting a decrease of 21.1%[39]. - The company reported a total revenue of CNY 23.96 billion from sales of goods and services, down from CNY 45.25 billion, a decrease of 47.1% year-over-year[39]. Assets and Liabilities - Total assets at the end of Q3 2022 were ¥33,896,822,852.54, an increase of 23.96% compared to the end of the previous year[9]. - The equity attributable to shareholders at the end of Q3 2022 was ¥15,479,557,195.51, up 29.75% from the end of the previous year[9]. - Total assets increased to ¥33.90 billion, up from ¥27.35 billion, representing a growth of approximately 24.5% year-over-year[30]. - Non-current assets totaled ¥15.12 billion, compared to ¥12.97 billion, reflecting a year-over-year increase of about 16.5%[30]. - Total liabilities rose to ¥15.78 billion, an increase from ¥13.57 billion, indicating a growth of approximately 16.3% year-over-year[30]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥842,929,773.93, a decrease of 39.57% year-on-year[9]. - Cash flow from operating activities generated a net inflow of CNY 842.93 million, down from CNY 1.39 billion, a decline of 39.5% year-over-year[43]. - The company’s cash and cash equivalents decreased, indicating potential liquidity challenges moving forward[30]. - The company reported a significant amount of pledged shares, with Shenzhen Shengtun Group pledging 278,056,470 shares[18]. - The company’s cash flow from investing activities resulted in a net outflow of approximately CNY 1.99 billion, compared to a net outflow of CNY 1.41 billion in the previous year, indicating a worsening cash position[43]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 186,704[18]. - The largest shareholder, Shenzhen Shengtun Group Co., Ltd., holds 522,487,543 shares, accounting for 16.59% of total shares[18]. Future Outlook and Projects - The decline in revenue was primarily due to the company's strategy to reduce the scale of trading operations, leading to decreased income from metal trading[14]. - The Karongwei project is expected to reduce copper and cobalt production costs and enhance profitability, with trial production anticipated by the end of 2022[24]. - Future outlook includes plans for market expansion and potential new product launches to drive revenue growth[30].