HUAXIN CEMENT(SH:600801)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was RMB 8,333,304,379, representing a year-on-year increase of 12.29%[4] - The net profit attributable to shareholders for Q3 2023 was RMB 681,763,299, reflecting a year-on-year increase of 6.89%[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 653,068,339, up 9.72% year-on-year[4] - The basic earnings per share for Q3 2023 was RMB 0.32, an increase of 6.67% compared to the same period last year[4] - The diluted earnings per share for Q3 2023 was RMB 0.33, showing a 10.00% increase year-on-year[4] - Total operating revenue for the first three quarters of 2023 reached CNY 24.16 billion, a 10.1% increase from CNY 21.81 billion in the same period of 2022[16] - Net profit attributable to shareholders of the parent company was CNY 1.87 billion, down 15.7% from CNY 2.22 billion year-on-year[16] - The company’s total profit for the first three quarters was CNY 2.88 billion, down 6.1% from CNY 3.07 billion in the same period of 2022[16] Assets and Liabilities - The total assets at the end of the reporting period were RMB 66,458,811,594, an increase of 3.45% compared to the end of the previous year[5] - The company's total liabilities as of September 30, 2023, were 33,899,923,043 CNY, compared to 33,403,495,804 CNY at the end of 2022[15] - The company's total assets reached 66,458,811,594 CNY as of September 30, 2023, up from 64,241,676,265 CNY at the end of 2022[15] - As of September 30, 2023, total current assets amounted to 15,285,708,438 CNY, an increase from 14,450,298,165 CNY as of December 31, 2022[14] - The company's retained earnings as of September 30, 2023, were 23,815,499,599 CNY, compared to 23,009,600,343 CNY at the end of 2022[15] Cash Flow - The net cash flow from operating activities for the year-to-date was RMB 3,502,921,498, reflecting a significant increase of 39.52%[4][8] - Cash flow from operating activities generated a net amount of CNY 3.50 billion, up from CNY 2.51 billion in the same period last year, representing a 39.4% increase[18] - The company reported a net decrease in cash and cash equivalents of CNY 1.03 billion for the period, compared to a decrease of CNY 1.76 billion in the previous year[19] - The company's cash and cash equivalents decreased to 6,634,006,591 CNY from 7,038,341,792 CNY year-over-year[14] - Cash inflow from investment activities was CNY 2.78 billion, down from CNY 4.05 billion in the previous year, indicating a 31.5% decrease[18] Shareholder Information - The company reported a total of 50,682 common shareholders at the end of the reporting period[9] - The company completed the cancellation of 17,604,206 A shares at a price of 0 CNY per share due to unmet performance targets from the 2020-2022 employee stock ownership plan[11] - The first phase of the 2023-2025 employee stock ownership plan was completed on September 27, 2023, with a total of 2,917,577 A shares purchased, representing 0.1403% of the company's total share capital[11] Investments and Acquisitions - The company signed an agreement to acquire 100% equity of Natal Portland Cement Company (Pty) Ltd. for a total consideration of 231.6 million USD, with the transaction progressing as planned[12] - The company plans to publicly issue corporate bonds with a total face value of up to 3 billion CNY, with the process currently underway[12] Research and Development - Research and development expenses increased significantly to CNY 166.21 million, compared to CNY 59.08 million in the previous year, reflecting a 181.5% increase[16] Financial Ratios - The weighted average return on net assets for Q3 2023 was 2.50%, a decrease of 1.39 percentage points compared to the previous year[5] - The company's financial expenses increased to CNY 460.93 million, compared to CNY 317.70 million in the previous year, marking a 45% increase[16] - Total assets impairment losses were reported at CNY 2.94 million, a decrease from CNY 14.62 million in the previous year[16]