YNCE(SH:600792)2023-10-19 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 1,814,037,172.19, representing a year-on-year increase of 5.07%[2] - The net profit attributable to shareholders for Q3 2023 was CNY 267,866,847.67, while the net profit for the year-to-date period was CNY 234,652,386.35, showing a decrease of 3.61% compared to the same period last year[2] - The basic and diluted earnings per share for Q3 2023 were both CNY 0.27, compared to CNY 0.24 for the year-to-date period, indicating an increase[2] - Total revenue for the first three quarters of 2023 was CNY 5,502,388,857.91, a decrease of 3.61% compared to CNY 5,708,369,755.85 in the same period of 2022[20] - Net profit for the first three quarters of 2023 was CNY 236,747,769.73, a significant recovery from a net loss of CNY 91,372,940.56 in the same period of 2022[21] - Earnings per share for the first three quarters of 2023 were CNY 0.24, compared to a loss per share of CNY 0.10 in the previous year[22] - Operating profit for the first three quarters of 2023 was CNY 217,798,409.47, a turnaround from an operating loss of CNY 101,917,471.92 in 2022[21] Assets and Liabilities - The total assets at the end of Q3 2023 were CNY 9,806,013,656.71, reflecting a 4.30% increase from the end of the previous year[3] - The total assets of the company amounted to RMB 9,806,013,656.71 as of September 30, 2023, up from RMB 9,401,644,676.45 at the end of 2022, indicating a growth of about 4.29%[15] - Total liabilities as of the end of Q3 2023 were CNY 6,318,662,958.67, an increase from CNY 6,151,667,415.05 at the end of Q3 2022[20] - The company’s total liabilities decreased to RMB 4,309,298,879.73 from RMB 4,401,644,676.45, indicating a reduction of about 2.1%[15] - The total liabilities increased to CNY 5,305,866,056.36 as of September 30, 2023, compared to CNY 4,454,180,207.05 at the end of 2022, reflecting a growth of 19.2%[29] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY -633,738,923.75, a significant decrease of 230.15% compared to the same period last year[2] - Cash inflow from operating activities for the first three quarters of 2023 was CNY 3,185,909,078.66, a decrease of 33% compared to CNY 4,750,562,634.89 in the same period of 2022[25] - Net cash flow from operating activities in Q3 2023 was -CNY 633,738,923.75, compared to a positive CNY 486,930,411.26 in Q3 2022[26] - The company reported a net cash inflow from investing activities of CNY 45,084,324.74 in Q3 2023, a significant improvement from a net outflow of -CNY 659,976,812.96 in Q3 2022[26] Shareholder Information - The company reported a total of 44,217 common shareholders at the end of the reporting period[9] - The largest shareholder, Kunming Steel Holding Co., Ltd., holds 60.19% of the shares, amounting to 595,841,429 shares[9] Investment and Income - The company reported a significant increase in investment income of CNY 1,960.98 million due to the disposal of subsidiaries[7] - The company confirmed an investment income of RMB 261,245,800 from the transfer of 100% equity in three coal mines, which was completed on July 28, 2023[12] - The company reported an investment income of CNY 267,792,384.57 for the first three quarters of 2023, compared to CNY 12,993,447.30 in the same period of 2022[20] Expenses and Costs - Total operating costs for the first three quarters of 2023 were CNY 5,575,992,817.67, down from CNY 5,817,223,854.65 in 2022, reflecting a reduction of 4.16%[20] - The company recorded a decrease in sales expenses by 33.98% due to reduced sales-related costs from a subsidiary[7] - Research and development expenses for the first three quarters of 2023 were CNY 11,508,485.67, slightly down from CNY 11,784,476.28 in 2022[20] Cash and Equivalents - The company reported a 41.48% decrease in cash and cash equivalents at the end of Q3 2023 due to the utilization of project-specific loan funds for the construction of a 2 million-ton coking project[6] - The company's cash and cash equivalents decreased to RMB 481,426,881.43 from RMB 822,690,989.18, representing a decline of approximately 41.5%[13] - The company's cash and cash equivalents decreased to CNY 430,225,704.49 by the end of Q3 2023, down from CNY 616,933,298.63 at the end of Q3 2022[27] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[35]