新钢股份(600782) - 2022 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2022 was ¥23,899,335,377.70, a decrease of 22.50% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2022 was ¥135,666,003.54, down 86.77% year-on-year[6]. - Year-to-date net profit attributable to shareholders reached ¥1,555,997,741.47, reflecting a decline of 54.64% compared to the same period last year[6]. - Basic earnings per share for Q3 2022 were ¥0.04, a decrease of 87.80% year-on-year[10]. - Total operating revenue for the first three quarters of 2022 was CNY 75,974,648,225.70, a decrease of 11.5% compared to CNY 85,445,258,320.47 in the same period of 2021[25]. - Total operating costs for the first three quarters of 2022 were CNY 74,460,958,923.91, down from CNY 81,676,437,935.29 in 2021, reflecting a reduction of 8.1%[25]. - Total revenue for the third quarter was 1,869,609,559.70 CNY, a decrease of approximately 54.2% compared to 4,086,135,679.98 CNY in the same period last year[27]. - Net profit for the third quarter was 1,572,484,475.70 CNY, down 55.6% from 3,532,050,359.28 CNY year-over-year[27]. - The company reported a total comprehensive income of 1,600,622,936.77 CNY, compared to 3,530,699,034.75 CNY in the same quarter last year, indicating a decrease of approximately 54.7%[29]. - Basic and diluted earnings per share were both 0.50 CNY, down from 1.10 CNY in the previous year[29]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was ¥966,610,880.04, down 51.41% compared to the previous year[10]. - Cash and cash equivalents as of September 30, 2022, were CNY 3,123,203,151.88, a decrease of 38.4% from CNY 5,061,533,627.98 at the end of 2021[20]. - Cash flow from operating activities for the first nine months was 966,610,880.04 CNY, a decrease from 1,989,173,625.97 CNY year-over-year[34]. - Cash inflow from investment activities totaled 8,799,667,844.17 CNY, compared to 8,342,321,299.79 CNY in the previous year[34]. - The company experienced a net cash outflow from investment activities of 312,960,724.03 CNY, an improvement from a net outflow of 2,857,965,490.58 CNY last year[34]. - Financing activities generated cash inflow of 3,842,987,568.52 CNY, slightly lower than 3,767,968,927.31 CNY in the previous year[34]. - The net cash flow from financing activities was -$2.42 billion, compared to -$990.58 million in the previous period, indicating a significant increase in cash outflow[35]. - The total cash and cash equivalents at the end of the period amounted to $2.99 billion, up from $2.56 billion year-over-year[35]. - The cash and cash equivalents net increase for the period was -$1.83 billion, slightly improved from -$1.85 billion in the previous year[35]. - The cash outflow from financing activities totaled $6.27 billion, an increase from $4.76 billion in the same period last year[35]. - The impact of exchange rate changes on cash and cash equivalents was -$55.55 million, contrasting with a positive impact of $7.28 million in the previous year[35]. Assets and Liabilities - Total assets at the end of the reporting period were ¥59,260,095,808.57, an increase of 0.93% from the end of the previous year[10]. - The company's equity attributable to shareholders was ¥26,919,310,520.15, a slight increase of 0.07% from the previous year[10]. - The total assets as of September 30, 2022, amounted to CNY 59,260,095,808.57, slightly up from CNY 58,712,914,516.57 at the end of 2021[25]. - Total liabilities increased to CNY 31,571,288,198.81 as of September 30, 2022, compared to CNY 31,060,753,769.08 at the end of 2021, indicating a rise of 1.6%[25]. - The company's total equity as of September 30, 2022, was CNY 27,688,807,609.76, an increase from CNY 27,652,160,747.49 at the end of 2021[25]. Shareholder Information - The company had a total of 72,147 common shareholders at the end of the reporting period[15]. Operational Insights - The decline in net profit was primarily due to weakened downstream demand in the steel industry and continuous price drops in steel products[14]. - Research and development expenses increased significantly to 1,575,426,997.56 CNY, compared to 585,238,344.19 CNY in the previous year, reflecting a growth of 168%[27]. - The company has ongoing construction projects with a value of CNY 2,858,701,005.59 as of September 30, 2022, significantly up from CNY 1,361,556,165.80 at the end of 2021, indicating growth in capital expenditure[23].