HYNY(SH:600758)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 1,046,564,059.32, a decrease of 24.98% compared to CNY 1,395,132,125.41 in the same period last year[6] - The net profit attributable to shareholders of the listed company was CNY -191,926,682.97, representing a decrease of 70.47% year-on-year[6] - Basic earnings per share decreased by 68.75% to CNY -0.15 from CNY 0.05 in the same period last year[6] - Net profit for the third quarter of 2023 was CNY 62,766,044.96, a decline of 70.7% from CNY 214,121,742.01 in the same quarter of 2022[22] - Total operating revenue for the first three quarters of 2023 was CNY 4,050,039,491.64, a decrease of 12.9% compared to CNY 4,650,187,004.75 in the same period of 2022[21] - Total operating costs for the first three quarters of 2023 were CNY 3,856,639,593.11, down 7.7% from CNY 4,176,455,241.32 in 2022[21] Cash Flow - The net cash flow from operating activities was CNY 510,451,590.62, down 55.46% from CNY 1,146,149,481.64 in the previous year[6] - Cash inflow from operating activities for the first three quarters of 2023 was CNY 4,064,883,419.57, a decrease from CNY 5,082,989,542.66 in 2022[26] - The net cash flow from operating activities for Q3 2023 was CNY 510,451,590.62, a decrease of 55.5% compared to CNY 1,146,149,481.64 in Q3 2022[27] - Total cash outflow from operating activities amounted to CNY 3,554,431,828.95, down from CNY 3,936,840,061.02 in the previous year, indicating a reduction of approximately 9.7%[27] - Cash inflow from financing activities was CNY 2,718,000,000.00, a decrease of 25.7% from CNY 3,656,732,461.20 in Q3 2022[27] - The net cash flow from financing activities showed a loss of CNY 305,910,355.04, compared to a loss of CNY 701,526,107.40 in the same quarter last year[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 13,532,900,174.86, a decrease of 9.88% from CNY 14,932,062,560.90 at the end of the previous year[6] - Total current assets decreased from 5,228,287,193.87 RMB at the end of 2022 to 4,115,964,602.10 RMB as of September 30, 2023, a decline of approximately 21.3%[16] - Total liabilities as of the end of the third quarter of 2023 amounted to CNY 8,074,286,104.97, a decrease from CNY 9,637,279,298.65 at the end of the previous year[22] - Total current liabilities decreased from 8,613,007,434.23 RMB to 7,041,620,987.28 RMB, a decline of approximately 18.3%[17] - The total number of shares held by the top ten shareholders includes 127,011,601 shares held by Shenzhen Xianglong Investment Partnership, accounting for 9.61%[12] Shareholder Information - Total number of common shareholders at the end of the reporting period is 50,434[12] - The largest shareholder, Liaoning Energy Industry Holding Group Co., Ltd., holds 318,000,000 shares, representing 24.05% of total shares[12] - The total equity attributable to shareholders of the parent company increased to CNY 5,460,560,425.82 from CNY 5,296,190,271.94 year-over-year[22] Other Financial Metrics - Non-recurring gains and losses for the reporting period amounted to CNY 19,767,080.24, with a total of CNY 30,765,552.98 for the year-to-date[9] - The company reported a significant reduction in management expenses, which were CNY 281,772,532.65 in 2023 compared to CNY 338,984,574.94 in 2022, reflecting a decrease of 16.9%[22] - Investment income for the third quarter of 2023 was CNY 19,426,649.31, an increase from CNY 13,869,135.43 in the same period of 2022[22] - Deferred income tax liabilities rose to CNY 241,159,587.73 in the third quarter of 2023, compared to CNY 149,395,184.36 in the previous year, indicating a significant increase of 61.5%[22] Market Conditions - The average selling price of coal products significantly declined, impacting the net profit negatively[10] - The decline in net profit is primarily attributed to the significant drop in the average selling price of coal products in the market[10] - The company has not reported any significant new product developments or market expansion strategies in the current quarter[14]